10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 28, 2013.

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission File Number: 0-19357

MONRO MUFFLER BRAKE, INC.

(Exact name of registrant as specified in its charter)

New York	16-0838627
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification #)
200 Holleder Parkway, Rochester, New York	14615
(Address of principal executive offices)	(Zip code)

585-647-6400

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    x  Yes    ¨  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    ¨  Yes    x  No

As of October 25, 2013, 31,405,980 shares of the registrant’s common stock, par value $ .01 per share, were outstanding.

MONRO MUFFLER BRAKE, INC.

INDEX

	Page No.
Part I. Financial Information
Item 1. Financial Statements (Unaudited)
Consolidated Balance Sheets at September 28, 2013 and March 30, 2013		3
Consolidated Statements of Comprehensive Income for the quarters and six months ended September  28, 2013 and September 29, 2012		4
Consolidated Statement of Changes in Shareholders’ Equity for the six months ended September  28, 2013		5
Consolidated Statements of Cash Flows for the six months ended September 28, 2013 and September  29, 2012		6
Notes to Consolidated Financial Statements		7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		12
Item 3. Quantitative and Qualitative Disclosures About Market Risk		15
Item 4. Controls and Procedures		15
Part II. Other Information
Item 1. Legal Proceedings		17
Item 6. Exhibits		17
Signatures		18
Exhibit Index		19

2

MONRO MUFFLER BRAKE, INC.

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

MONRO MUFFLER BRAKE, INC.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	September 28, 2013			March 30, 2013
	(Dollars in thousands)
Assets
Current assets:
Cash and equivalents	$	2,067		$	1,463
Trade receivables		3,092			2,835
Federal and state income taxes receivable		701			2,336
Inventories		120,827			118,210
Deferred income tax asset		14,410			13,154
Other current assets		28,764			28,412
Total current assets		169,861			166,410
Property, plant and equipment		513,177			499,892
Less - Accumulated depreciation and amortization		(238,976	)		(229,034	)
Net property, plant and equipment		274,201			270,858
Goodwill		252,542			235,289
Intangible assets		27,487			28,517
Other non-current assets		10,271			10,458
Total assets	$	734,362		$	711,532
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of long-term debt, capital leases and financing obligations	$	5,221		$	4,914
Trade payables		59,705			61,006
Accrued payroll, payroll taxes and other payroll benefits		18,533			18,302
Accrued insurance		31,886			29,498
Warranty reserves		9,458			9,248
Other current liabilities		14,376			13,431
Total current liabilities		139,179			136,399
Long-term capital leases and financing obligations		59,887			58,899
Long-term debt		119,368			127,847
Accrued rent expense		5,817			6,057
Other long-term liabilities		12,203			11,762
Deferred income tax liability		3,674			2,096
Long-term income taxes payable		3,053			3,430
Total liabilities		343,181			346,490
Commitments
Shareholders’ equity:
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value, 150,000 shares authorized; 32,500 shares issued and outstanding		49			49
Common Stock, $.01 par value, 65,000,000 shares authorized; 37,473,064 and 37,327,967 shares issued at September 28, 2013 and March 30, 2013, respectively		375			373
Treasury Stock, 6,073,836 shares at cost		(90,064	)		(90,064	)
Additional paid-in capital		137,620			131,460
Accumulated other comprehensive loss		(4,220	)		(4,043	)
Retained earnings		347,421			327,267
Total shareholders’ equity		391,181			365,042
Total liabilities and shareholders’ equity	$	734,362		$	711,532

The accompanying notes are an integral part of these financial statements.

3

MONRO MUFFLER BRAKE, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended Fiscal						Six Months Ended Fiscal
	September						September
	2013			2012			2013			2012
	(Dollars in thousands,
	except per share data)
Sales	$	205,321		$	176,475		$	411,492		$	345,650
Cost of sales, including distribution and occupancy costs		123,573			106,624			250,866			207,687
Gross profit		81,748			69,851			160,626			137,963
Operating, selling, general and administrative expenses		57,837			50,126			113,607			98,550
Operating income		23,911			19,725			47,019			39,413
Interest expense, net of interest income		2,048			1,370			3,858			2,668
Other income, net		(179	)		(139	)		(231	)		(192	)
Income before provision for income taxes		22,042			18,494			43,392			36,937
Provision for income taxes		8,392			6,946			16,171			13,752
Net income		13,650			11,548			27,221			23,185
Other comprehensive loss, net of tax:
Changes in pension, net of tax benefit of $109 for the quarter and six months ended fiscal September 2013		(177	)		—			(177	)		—
Comprehensive income	$	13,473		$	11,548		$	27,044		$	23,185
Earnings per share:
Basic	$	.43		$	.37		$	.86		$	.74
Diluted	$	.42		$	.36		$	.84		$	.72

The accompanying notes are an integral part of these financial statements.

4

MONRO MUFFLER BRAKE, INC.

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

(UNAUDITED)

(Dollars in thousands)

										Accumulated
								Additional		Other
	Preferred		Common		Treasury			Paid-in		Comprehensive			Retained
	Stock		Stock		Stock			Capital		Loss (2)			Earnings			Total
Balance at March 30, 2013	$	49	$	373	$	(90,064	)	$	131,460	$	(4,043	)	$	327,267		$	365,042
Net income														27,221			27,221
Other comprehensive loss:
Pension liability adjustment (($286) pre-tax)											(177	)					(177	)
Cash dividends (1): Preferred														(167	)		(167	)
Common														(6,900	)		(6,900	)
Tax benefit from exercise of stock options									1,091								1,091
Exercise of stock options				2					2,816								2,818
Stock-based compensation									2,253								2,253
Balance at September 28, 2013	$	49	$	375	$	(90,064	)	$	137,620	$	(4,220	)	$	347,421		$	391,181

(1) Represents first and second quarter fiscal year 2014 dividend payment of $.11 per common share or common share equivalent paid each quarter on June 11, 2013 and August 29, 2013, respectively.

(2) The balance relates to the pension liability.

The accompanying notes are an integral part of these financial statements.

5

MONRO MUFFLER BRAKE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Six Months Ended
	Fiscal September
	2013			2012
	(Dollars in thousands)
	Increase (Decrease) in Cash
Cash flows from operating activities:
Net income	$	27,221		$	23,185
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation and amortization		15,331			12,623
(Gain) loss on disposal of assets		(121	)		135
Stock-based compensation expense		2,253			1,753
Excess tax benefits from share-based payment arrangements		(97	)		(256	)
Net change in deferred income taxes		907			(204	)
Change in operating assets and liabilities:
Trade receivables		(257	)		(246	)
Inventories		(2,426	)		(8,411	)
Other current assets		(312	)		(4,822	)
Other non-current assets		816			3,285
Trade payables		(1,301	)		3,384
Accrued expenses		2,675			(1,680	)
Federal and state income taxes payable		2,726			1,205
Other long-term liabilities		(118	)		(588	)
Long-term income taxes payable		(377	)		266
Total adjustments		19,699			6,444
Net cash provided by operating activities		46,920			29,629
Cash flows from investing activities:
Capital expenditures		(13,913	)		(12,120	)
Acquisitions, net of cash acquired		(17,013	)		(57,488	)
Proceeds from the disposal of assets		74			2,973
Net cash used for investing activities		(30,852	)		(66,635	)
Cash flows from financing activities:
Proceeds from borrowings		168,099			161,848
Principal payments on long-term debt, capital leases and financing obligations		(179,411	)		(121,701	)
Exercise of stock options		2,818			1,612
Excess tax benefits from share-based payment arrangements		97			256
Dividends to shareholders		(7,067	)		(6,352	)
Net cash (used for) provided by financing activities		(15,464	)		35,663
Increase (decrease) in cash		604			(1,343	)
Cash at beginning of period		1,463			3,257
Cash at end of period	$	2,067		$	1,914

The accompanying notes are an integral part of these financial statements.

6

MONRO MUFFLER BRAKE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 – Condensed Consolidated Financial Statements

The consolidated balance sheets as of September 28, 2013 and March 30, 2013, the consolidated statements of comprehensive income for the quarters and six months ended September 28, 2013 and September 29, 2012, the consolidated statements of cash flows for the six months ended September 28, 2013 and September 29, 2012, and the consolidated statement of changes in shareholders’ equity for the six months ended September 28, 2013, include financial information for Monro Muffler Brake, Inc. and its wholly-owned subsidiary, Monro Service Corporation (collectively, “Monro”, “we”, “us”, “our”). These unaudited, condensed consolidated financial statements have been prepared by Monro. We believe all known adjustments (consisting of normal recurring accruals or adjustments) have been made to fairly state the financial position, results of operations and cash flows for the unaudited periods presented.

Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The information included in this Form 10-Q should be read in conjunction with the audited financial statements and notes thereto included in our annual report on Form 10-K for the year ended March 30, 2013.

We report our results on a 52/53 week fiscal year with the fiscal year ending on the last Saturday in March of each year. The following are the dates represented by each fiscal period reported in these condensed financial statements:

“Quarter Ended Fiscal September 2013”	June 30, 2013 – September 28, 2013 (13 weeks)
“Quarter Ended Fiscal September 2012”	July 1, 2012 – September 29, 2012 (13 weeks)
“Six Months Ended Fiscal September 2013”	March 31, 2013 – September 28, 2013 (26 weeks)
“Six Months Ended Fiscal September 2012”	April 1, 2012 – September 29, 2012 (26 weeks)

Fiscal year 2014, ending March 29, 2014, is a 52 week year.

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board issued new accounting guidance for the reporting of amounts reclassified out of accumulated other comprehensive income. This guidance requires companies to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income when applicable, or to cross-reference the reclassifications with other disclosures that provide additional detail about the reclassification made when the reclassifications are not made to net income. This guidance is effective for fiscal years and interim periods beginning after December 15, 2012. The adoption of this guidance in the first quarter of fiscal 2014 did not have an impact on Monro’s Consolidated Financial Statements.

In July 2013, the Financial Accounting Standards Board issued new accounting guidance for income tax presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss or similar tax loss carryforwards, or tax credit carryforwards. The guidance is to be applied prospectively (with an option to apply retrospectively) and will apply to all unrecognized tax benefits that exist at the effective date. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2013, with early adoption permitted. As we already net our unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, this guidance had no impact on Monro’s Consolidated Financial Statements.

Other recent authoritative guidance issued by the FASB (including technical corrections to the Accounting Standards Codification) and the Securities and Exchange Commission did not, or are not expected to have a material effect on Monro’s Consolidated Financial Statements.

Note 2 – Acquisitions

Acquisitions are strategic moves in our plan to fill in and expand our presence in existing and contiguous markets, and leverage fixed operating costs such as distribution and advertising.

7

MONRO MUFFLER BRAKE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Subsequent Events

We signed definitive asset purchase agreements to complete the acquisition of 10 retail tire and automotive repair stores located in Delaware, Maryland and Kentucky through two acquisitions. These transactions are expected to close during the third quarter of fiscal 2014. Additionally, on October 20, 2013, we acquired two retail tire and automotive repair stores located in North Carolina. Collectively, these stores produced approximately $17 million in annualized net sales for their previous full fiscal years based on unaudited pre-acquisition historical information. These retail tire and automotive repair stores will operate under the Mr. Tire, Ken Towery’s Tire & Auto Care and Tread Quarters names. The acquisitions will be financed through our existing credit facility.

Fiscal 2014

On August 18, 2013, we acquired 10 retail automotive repair stores located in the Washington D.C. metropolitan area from Curry’s Automotive Group. These stores produced approximately $18 million in net sales for their previous full fiscal year based on unaudited pre-acquisition historical information. These retail automotive repair stores operate under the Curry’s/Mr. Tire name. This acquisition was financed through our existing credit facility.

The acquisition is not material to the Consolidated Financial Statements. Additionally, the pro forma information for the current or prior reporting periods has not been presented due to the impracticability of obtaining detailed, accurate or reliable data for the periods the acquired entity was not owned by Monro.

Fiscal 2013

As part of the acquisition process, the purchase accounting was finalized for the following fiscal 2013 acquisitions.

On April 1, 2012, we acquired 20 retail tire and automotive repair stores located in Virginia from Kramer Tire Co. (“Kramer”). We finalized the purchase accounting for this acquisition in the fourth quarter of fiscal 2013.

On June 3, 2012, we acquired 18 retail tire and automotive repair stores located in North Carolina from Colony Tire Corporation (“Colony”). We finalized the purchase accounting for this acquisition during the first quarter of fiscal 2014. The resulting adjustments were not material to the Consolidated Financial Statements.

On August 12, 2012, we acquired 17 retail automotive repair and tire stores located in Wisconsin and South Carolina from Tuffy Associates Corp. (“Tuffy”). We finalized the purchase accounting for this acquisition during the second quarter of fiscal 2014. The resulting adjustments were not material to the Consolidated Financial Statements.

The acquisitions resulted in goodwill related to, among other things, growth opportunities and unidentifiable intangible assets. All of the goodwill is expected to be deductible for tax purposes. We have recorded finite-lived intangible assets at their estimated fair value related to customer relationships and favorable leases.

In accordance with accounting guidance on business combinations, we expensed all costs related to the acquisitions in the six months ended September 29, 2012. The total costs related to the acquisitions were $.1 million and $.6 million for the three and six months ended September 29, 2012, respectively. These costs are included in the Consolidated Statements of Comprehensive Income primarily under operating, selling, general and administrative expenses.

8

MONRO MUFFLER BRAKE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The purchase price of the acquisitions has been allocated to the net tangible and intangible assets acquired, with the remainder recorded as goodwill on the basis of estimated fair values, as follows:

	As of September 29, 2012
	(Dollars in thousands)
Inventory	$	5,933
Other current assets		956
Intangible assets		6,769
Other non-current assets		17,001
Total assets acquired		30,659
Current liabilities		1,690
Long-term liabilities		19,695
Total liabilities assumed		21,385
Total net identifiable assets acquired	$	9,274
Total consideration transferred	$	57,597
Less: total net identifiable assets acquired		9,274
Goodwill	$	48,323

Intangible assets consist of customer relationships ($3.7 million) and favorable leases ($3.1 million). Customer relationships and favorable leases are being amortized over their estimated useful lives. The weighted average useful lives are approximately six and 13 years, respectively. The weighted average useful life of all intangible assets is nine years.

Sales for the fiscal 2013 acquired entities for the three and six months ended September 29, 2012 totaled $12.4 million and $19.7 million, respectively for the period from acquisition date through September 29, 2012.

Supplemental pro forma information for the current or prior reporting periods has not been presented due to the impracticability of obtaining detailed, accurate or reliable data for the periods the acquired entities were not owned by Monro.

We continue to refine the valuation data and estimates related to road hazard warranty, intangible assets, real estate and real property leases for all other fiscal 2013 acquisitions and the fiscal 2014 acquisition, and expect to complete the valuations no later than the first anniversary date of the respective acquisition. We anticipate that adjustments will continue to be made to the fair values of identifiable assets acquired and liabilities assumed and those adjustments may or may not be material.

Note 3 – Earnings Per Share

Basic earnings per common share (EPS) amounts are computed by dividing income available to common shareholders, after deducting preferred stock dividends, by the average number of common shares outstanding. Diluted EPS amounts assume the issuance of common stock for all potentially dilutive equivalent securities outstanding.

9

MONRO MUFFLER BRAKE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following is a reconciliation of basic and diluted EPS for the respective periods:

	Quarter Ended						Six Months Ended
	Fiscal September						Fiscal September
	2013			2012			2013			2012
	(Dollars in thousands,
	except per share data)
Numerator for earnings per common share calculation:
Net Income	$	13,650		$	11,548		$	27,221		$	23,185
Preferred stock dividends		(83	)		(76	)		(167	)		(152	)
Income available to common stockholders	$	13,567		$	11,472		$	27,054		$	23,033
Denominator for earnings per common share calculation:
Weighted average common shares, basic		31,390			31,023			31,346			30,973
Effect of dilutive securities:
Preferred stock		760			760			760			760
Stock options		403			423			417			482
Weighted average common shares, diluted		32,553			32,206			32,523			32,215
Basic Earnings per common share:	$	.43		$	.37		$	.86		$	.74
Diluted Earnings per common share:	$	.42		$	.36		$	.84		$	.72

The computation of diluted EPS excludes the effect of the assumed exercise of approximately 95,000 and 149,000 stock options for the three and six months ended fiscal September 28, 2013, respectively, and 648,000 for both the three and six months ended September 29, 2012. Such amounts were excluded as the exercise prices of these stock options were greater than the average market value of our Common Stock for those periods, resulting in an anti-dilutive effect on diluted EPS.

Note 4 – Income Taxes

In the normal course of business, we provide for uncertain tax positions and the related interest and penalties, and adjust our unrecognized tax benefits and accrued interest and penalties accordingly. The total amounts of unrecognized tax benefits were $5.5 million and $5.7 million, respectively, at September 28, 2013 and March 30, 2013, the majority of which, if recognized, would affect the effective tax rate. As of September 28, 2013, we had approximately $.4 million of interest and penalties accrued related to unrecognized tax benefits.

We are currently under audit by certain state tax jurisdictions for the fiscal 2007 through 2010 tax years. It is possible that the examination phase of the audits for these years may conclude in the next 12 months, and that the related unrecognized tax benefits for tax positions taken regarding previously filed tax returns may change from those recorded as liabilities for uncertain tax positions in our financial statements as of September 28, 2013. However, based on the status of the examinations, it is not possible to estimate the effect of any amount of such change to previously recorded uncertain tax positions.

We file U.S. federal income tax returns and income tax returns in various state jurisdictions. Our fiscal 2011 and fiscal 2012 U.S. federal tax year and various state tax years remain subject to income tax examinations by tax authorities.

Note 5 – Fair Value

Long-term debt had a carrying amount and a fair value of $119.4 million as of September 28, 2013, as compared to a carrying amount and a fair value of $127.8 million as of March 30, 2013. The fair value of long-term debt was estimated based on discounted cash flow analyses using either quoted market prices for the same or similar issues, or the current interest rates offered to Monro for debt with similar maturities.

10

MONRO MUFFLER BRAKE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 6 – Supplemental Disclosure of Cash Flow Information

The following represents non-cash investing and financing activities during the periods indicated:

Six Months Ended September 28, 2013:

In connection with the fiscal 2014 acquisitions, liabilities were assumed as follows:

Fair value of assets acquired	$	4,827,000
Goodwill acquired		13,437,000
Cash paid, net of cash acquired		(17,013,000	)
Liabilities assumed	$	1,251,000

Six Months Ended September 29, 2012:

In connection with the fiscal 2013 acquisitions, liabilities were assumed as follows:

Fair value of assets acquired	$	30,659,000
Goodwill acquired		48,323,000
Cash paid, net of cash acquired		(57,597,000	)
Liabilities assumed	$	21,385,000

These amounts reflect final purchase accounting adjustments for the fiscal 2013 acquisitions (see Note 2).

Goodwill at September 28, 2013 increased $3.8 million as compared to March 30, 2013 due to purchase accounting adjustments related to all fiscal 2013 acquisitions.

Note 7 – Cash Dividend

In May 2013, our Board of Directors declared its intention to pay a regular quarterly cash dividend during fiscal 2014 of $.11 per common share or common share equivalent to be paid beginning with the first quarter of fiscal 2014. However, the declaration of and any determination as to the payment of future dividends will be at the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, compliance with charter and credit facility restrictions, and such other factors as the Board of Directors deems relevant.

Note 8 – Subsequent Events

See Note 2 for a discussion of acquisitions subsequent to September 28, 2013.

11

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The statements contained in this Quarterly Report on Form 10-Q that are not historical facts, including (without limitation) statements made in the Management’s Discussion and Analysis of Financial Condition and Results of Operations, may contain statements of future expectations and other forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this Quarterly Report on Form 10-Q, the words “anticipates”, “believes”, “contemplates”, “see”, “could”, “estimate”, “intend”, “plans” and variations thereof and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed. These factors include, but are not necessarily limited to, product demand, dependence on and competition within the primary markets in which Monro’s stores are located, the need for and costs associated with store renovations and other capital expenditures, the effect of economic conditions, seasonality, the impact of competitive services and pricing, parts supply restraints or difficulties, advances in automotive technologies, industry regulation, risks relating to leverage and debt service (including sensitivity to fluctuations in interest rates), continued availability of capital resources and financing, disruption or unauthorized access to our computer systems, risks relating to protection of customer and employee personal data, risks relating to litigation, risks relating to integration of acquired businesses, including goodwill impairment and the risks set forth in our Annual Report on Form 10-K for the fiscal year ended March 30, 2013. Except as required by law, we do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Results of Operations

The following table sets forth income statement data of Monro Muffler Brake, Inc. expressed as a percentage of sales for the fiscal periods indicated:

	Quarter Ended Fiscal September						Six Months Ended Fiscal September
	2013			2012			2013			2012
Sales		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales, including distribution and occupancy costs		60.2			60.4			61.0			60.1
Gross profit		39.8			39.6			39.0			39.9
Operating, selling, general and administrative expenses		28.2			28.4			27.6			28.5
Operating income		11.6			11.2			11.4			11.4
Interest expense - net		1.0			0.8			0.9			0.8
Other income - net		(0.1	)		(0.1	)		(0.1	)		(0.1	)
Income before provision for income taxes		10.7			10.5			10.5			10.7
Provision for income taxes		4.1			3.9			3.9			4.0
Net income		6.6	%		6.5	%		6.6	%		6.7	%

Second Quarter and Six Months Ended September 28, 2013 Compared to Second Quarter and Six Months Ended September 29, 2012

Sales were $205.3 million for the quarter ended September 28, 2013 as compared with $176.5 million in the quarter ended September 29, 2012. The sales increase of $28.8 million or 16.3%, was due to an increase of $33.9 million related to new stores, excluding the former Kramer Tire stores. (The Kramer stores are considered comparable stores in fiscal 2014 as they were acquired on April 1, 2012 and in operation for a full fiscal year.) Partially offsetting this was a comparable store sales decrease of 2.1% and a decrease in sales from closed stores amounting to $1.4 million. There were 91 selling days in both the quarters ended September 28, 2013 and September 29, 2012.

Sales were $411.5 million for the six months ended September 28, 2013 as compared with $345.7 million in the six months ended September 29, 2012. The sales increase of $65.8 million or 19.0%, was due to an increase of $69.9 million related to new stores, excluding Kramer. This was partially offset by a decrease in comparable store sales of .5% and a decrease in sales from closed stores amounting to $2.4 million. There were 181 selling days in the first six months of fiscal 2014 and fiscal 2013.

12

At September 28, 2013, we had 940 company-operated stores and three franchised locations as compared with 853 company-operated stores and three franchised locations at September 29, 2012. (At March 30, 2013, we had 937 company-operated stores.) During the quarter ended September 28, 2013, we added 12 stores and closed six stores. Year to date, we added 13 stores and closed ten stores.

We believe that the decline in comparable store sales resulted mainly from the continued weak economic conditions as consumers continued to defer repairs to their vehicles. Comparable store tire sales and scheduled maintenance services declined in the second quarter of fiscal 2014. However, other service categories, including exhaust, shocks, oil changes and brakes, increased on a comparable store basis as compared to the prior year, demonstrating that needed repairs cannot be deferred indefinitely.

Gross profit for the quarter ended September 28, 2013 was $81.7 million or 39.8% of sales as compared with $69.9 million or 39.6% of sales for the quarter ended September 29, 2012. The increase in gross profit for the quarter ended September 28, 2013, as a percentage of sales, is due to several factors, as discussed below.

Distribution and occupancy costs decreased as a percentage of sales from the prior year as we gained leverage on these largely fixed costs with higher overall sales. Labor costs decreased as a percentage of sales as compared to the prior year through focused cost control. Labor productivity, as measured by sales per man hour, improved over the prior year quarter. Additionally, tire costs decreased meaningfully in the second quarter of this year as compared to the same quarter of last year.

Partially offsetting these decreases was an increase in total material costs, including outside purchases, due to a shift in sales mix to the lower margin tire category, due primarily to the fiscal year 2013 acquisitions of 125 tire stores with high tire sales mix.

Additionally, excluding the fiscal year 2013 and 2014 acquisition stores, gross profit actually improved by approximately 150 basis points as compared to the second quarter of last year.

Gross profit for the six months ended September 28, 2013 was $160.6 million or 39.0% of sales as compared with $138.0 million or 39.9% of sales for the six months ended September 29, 2012. The year-to-date decrease in gross profit as a percent of sales is due to increased material costs as described above, partially offset by decreased distribution and occupancy costs and labor costs, due to increased leverage on higher sales and increased labor productivity, respectively.

Operating expenses for the quarter ended September 28, 2013 were $57.8 million or 28.2% of sales as compared with $50.1 million or 28.4% of sales for the quarter ended September 29, 2012. Due to increased sales from the fiscal 2013 and fiscal 2014 acquisitions and continued cost control, we gained leverage on these largely fixed costs.

Within operating expenses, over $6.9 million in expenses were directly attributable to increased expenses such as manager pay, advertising and supplies related to a full quarter of expenses for the fiscal 2013 acquisition stores and a partial quarter of expenses for the fiscal 2014 acquisition stores.

For the six months ended September 28, 2013, operating expenses increased by $15.1 million to $113.6 million from the comparable period of the prior year and were 27.6% of sales as compared to 28.5% for the six months ended September 29, 2012. Accounting for the bulk of the increase were $14.6 million of operating expenses related to the fiscal 2013 and fiscal 2014 acquisition stores, partially offset by a decrease of $.6 million of due diligence costs compared to the first six months of the prior year.

Operating income for the quarter ended September 28, 2013 of approximately $23.9 million increased by 21.2% as compared to operating income of approximately $19.7 million for the quarter ended September 29, 2012, and increased as a percentage of sales from 11.2% to 11.6% for the reasons described above.

Operating income for the six months ended September 28, 2013 of approximately $47.0 million increased by 19.3% as compared to operating income of approximately $39.4 million for the six months ended September 29, 2012, and remained consistent as a percentage of sales at 11.4% for the six months ended September 28, 2013 and for the six months ended September 29, 2012 for the reasons described above.

Net interest expense for the quarter ended September 28, 2013 increased by approximately $.7 million as compared to the same period in the prior year, and increased from .8% to 1.0% as a percentage of sales for the same periods. The weighted average debt outstanding for the quarter ended September 28, 2013 increased by approximately $81 million as compared to the quarter ended September 29, 2012. This increase is primarily related to an increase in debt outstanding under our revolving Credit Facility agreement for the purchase of our fiscal 2013 and fiscal 2014 acquisitions, as well as an increase in capital leases recorded in connection with these acquisitions. Largely offsetting this increase was a decrease in the weighted average interest rate of

13

approximately 110 basis points from the prior year due to a shift to a larger percentage of debt (revolver vs. capital leases) outstanding at a lower rate. Additionally, amortization of financing fees over the higher outstanding revolving credit balance for the quarter caused a decrease in the weighted average interest rate.

Net interest expense for the six months ended September 28, 2013 increased by approximately $1.2 million as compared to the same period in the prior year, and increased from .8% to .9% as a percentage of sales for the same periods. Weighted average debt increased by approximately $92 million and the weighted average interest rate decreased by approximately 180 basis points as compared to the same period of the prior year.

The effective tax rate for the quarter ended September 28, 2013 and September 29, 2012 was 38.1% and 37.6%, respectively, of pre-tax income.

The effective tax rate for the six months ended September 28, 2013 and September 29, 2012 was 37.3% and 37.2%, respectively, of pre-tax income.

Net income for the quarter ended September 28, 2013 of $13.6 million increased 18.2% from net income for the quarter ended September 29, 2012. Earnings per share on a diluted basis for the quarter ended September 28, 2013 of $.42 increased 16.7%.

For the six months ended September 28, 2013, net income of $27.2 million increased 17.4% and diluted earnings per share of $.84 increased 16.7%.

Capital Resources and Liquidity

Capital Resources

Our primary capital requirements in fiscal 2014 are the upgrading of facilities and systems and the funding of our store expansion program, including potential acquisitions of existing store chains. For the six months ended September 28, 2013, we spent approximately $30.9 million on these items. Capital requirements were met primarily by cash flow from operations and from our revolving credit facility.

In May 2013, our Board of Directors declared its intention to pay a regular quarterly cash dividend of $.11 per common share or common share equivalent beginning with the first quarter of fiscal year 2014. We paid dividends of $7.1 million during the six months ended September 28, 2013. However, the declaration of and any determination as to the payment of future dividends will be at the discretion of the Board of Directors and will depend on Monro’s financial condition, results of operations, capital requirements, compliance with charter and credit facility restrictions, and such other factors as the Board of Directors deems relevant.

On October 20, 2013, we acquired two retail tire and automotive repair stores. This acquisition was financed through our existing credit facility.

Additionally, we have signed definitive asset purchase agreements to acquire 10 retail tire and automotive repair stores through two acquisitions. These transactions are expected to close during the third quarter of fiscal year 2014. These acquisitions will be financed through our existing credit facility.

We also plan to continue to seek suitable acquisition candidates. We believe we have sufficient resources available (including cash flow from operations and bank financing) to expand our business as currently planned for the next twelve months.

Liquidity

In June 2011, we entered into a five-year, $175 million Revolving Credit Facility agreement with seven banks (the “Credit Facility”). The Credit Facility amended and restated, in its entirety, the Credit Facility previously entered into by Monro as of July 2005 and amended from time to time. The Credit Facility also provided an accordion feature permitting us to request an increase in availability of up to an additional $75 million.

In December 2012, the Credit Facility was amended to include the following: the committed sum was increased by $75 million to $250 million; the term was extended for another one and a half years, such that the Facility now expires in December 2017; and the $75 million accordion feature was maintained. There were no other changes in terms including those related to covenants or interest rates. There are now six banks participating in the syndication. There was $119 million outstanding under the Credit Facility at September 28, 2013.

14

Within the Credit Facility, we have a sub-facility of $40 million available for the purpose of issuing standby letters of credit. There was an outstanding letter of credit for $23 million at September 28, 2013.

The net availability under the Credit Facility at September 28, 2013 was $108 million.

Specific terms of the Credit Facility permit the payment of cash dividends not to exceed 50% of the prior year’s net income, and permit mortgages and specific lease financing arrangements with other parties with certain limitations. Additionally, the Credit Facility is not secured by our real property, although we have agreed not to encumber our real property, with certain permissible exceptions. The agreement also requires the maintenance of specified interest and rent coverage ratios. We were in compliance with all debt covenants at September 28, 2013.

We have financed certain store properties and equipment with capital leases/financing obligations, which amounted to $65 million at September 28, 2013 and are due in installments through 2042.

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board issued new accounting guidance for the reporting of amounts reclassified out of accumulated other comprehensive income. This guidance requires companies to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income when applicable, or to cross-reference the reclassifications with other disclosures that provide additional detail about the reclassification made when the reclassifications are not made to net income. This guidance is effective for fiscal years and interim periods beginning after December 15, 2012. The adoption of this guidance in the first quarter of fiscal 2014 did not have an impact on Monro’s Consolidated Financial Statements.

In July 2013, the Financial Accounting Standards Board issued new accounting guidance for income tax presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss or similar tax loss carryforwards, or tax credit carryforwards. The guidance is to be applied prospectively (with an option to apply retrospectively) and will apply to all unrecognized tax benefits that exist at the effective date. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2013, with early adoption permitted. As we already net our unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, this guidance had no impact on Monro’s Consolidated Financial Statements.

Other recent authoritative guidance issued by the FASB (including technical corrections to the Accounting Standards Codification) and the Securities and Exchange Commission did not, or are not expected to have a material effect on Monro’s Consolidated Financial Statements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risk from potential changes in interest rates. At September 28, 2013 and March 30, 2013, approximately .6% and .5%, respectively, of our debt financing, excluding capital leases and financing obligations, was at fixed interest rates and therefore, the fair value is affected by changes in market interest rates. Our cash flow exposure on floating rate debt would result in annual interest expense fluctuations of approximately $1.2 million based upon our debt position at September 28, 2013 and $1.3 million for the fiscal year ended March 30, 2013, given a 1% change in LIBOR.

Long-term debt had a carrying amount and a fair value of $119.4 million as of September 28, 2013, as compared to a carrying amount and a fair value of $127.8 million as of March 30, 2013.

Item 4. Controls and Procedures

Disclosure controls and procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in reports that we file or submit to the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

15

In conjunction with the close of each fiscal quarter and under the supervision of our Chief Executive Officer and Chief Financial Officer, we conduct an update, a review and an evaluation of the effectiveness of our disclosure controls and procedures. It is the conclusion of our Chief Executive Officer and Chief Financial Officer, based upon an evaluation completed as of the end of the most recent fiscal quarter reported on herein, that our disclosure controls and procedures were effective.

Changes in internal controls over financial reporting

There were no changes in our internal control over financial reporting during the quarter ended September 28, 2013 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

16

MONRO MUFFLER BRAKE, INC.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party or subject to any legal proceedings other than certain claims and lawsuits that arise in the normal course of our business. We do not believe that such claims or lawsuits, individually or in the aggregate, will have a material adverse effect on our financial condition or results of operations.

Item 6. Exhibits

Exhibits

10.1 – Monro Muffler Brake, Inc. 2007 Incentive Plan, Amendment Nos. 5 and 6 are incorporated herein by reference from Exhibit A to our Definitive Proxy Statement, filed on July 2, 2013.

31.1 – Certification of John W. Van Heel pursuant to Section 302 of the Sarbanes – Oxley Act of 2002

31.2 – Certification of Catherine D’Amico pursuant to Section 302 of the Sarbanes – Oxley Act of 2002

32.1 – Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes – Oxley Act of 2002

101.CAL - XBRL Taxonomy Extension Calculation Linkbase

101.INS - XBRL Instance Document

101.LAB - XBRL Taxonomy Extension Label Linkbase

101.PRE - XBRL Taxonomy Extension Presentation Linkbase

101.SCH - XBRL Taxonomy Extension Schema Linkbase

101.DEF - XBRL Taxonomy Extension Definition Linkbase

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MONRO MUFFLER BRAKE, INC.
DATE: October 31, 2013	By:	/s/ John W. Van Heel
		John W. Van Heel
		Chief Executive Officer and President
DATE: October 31, 2013
	By:	/s/ Catherine D’Amico
		Catherine D’Amico
		Executive Vice President-Finance, Treasurer,
		Chief Financial Officer (Principal Financial Officer
		and Principal Accounting Officer)

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EXHIBIT INDEX

Exhibit No.	Description	Page No.
31.1	Certification of John W. Van Heel pursuant to Section 302 of the Sarbanes-Oxley Act of 2002		20
31.2	Certification of Catherine D’Amico pursuant to Section 302 of the Sarbanes-Oxley Act of 2002		21
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002		22
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.INS	XBRL Instance Document
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase
101.SCH	XBRL Taxonomy Extension Schema Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase

19

EX-31.1

Exhibit 31.1

CERTIFICATION

I, John W. Van Heel, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Monro Muffler Brake, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 31, 2013

/s/ John W. Van Heel

John W. Van Heel

Chief Executive Officer and President

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Catherine D’Amico, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Monro Muffler Brake, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: October 31, 2013

/s/ Catherine D’Amico

Catherine D’Amico

Executive Vice President – Finance and

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

Pursuant to, and solely for purposes of, 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002), each of the undersigned hereby certifies in the capacity and on the date indicated below that:

1. The Quarterly Report of Monro Muffler Brake, Inc. (“Monro”) on Form 10-Q for the period ended September 28, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Monro.

/s/ John W. Van Heel	Dated: October 31, 2013
John W. Van Heel
Chief Executive Officer and President
/s/ Catherine D’Amico	Dated: October 31, 2013
Catherine D’Amico
Executive Vice President – Finance and
Chief Financial Officer

XML

Acquisitions (Tables)

6 Months Ended

Sep. 28, 2013

Business Combinations [Abstract]

Schedule Of Purchase Price [Table Text Block]

	As of September 29, 2012
	(Dollars in thousands)
Inventory		$	5,933
Other current assets			956
Intangible assets			6,769
Other non-current assets			17,001
Total assets acquired			30,659
Current liabilities			1,690
Long-term liabilities			19,695
Total liabilities assumed			21,385
Total net identifiable assets acquired		$	9,274
Total consideration transferred		$	57,597
Less: total net identifiable assets acquired			9,274
Goodwill		$	48,323

XML

Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Statement of Comprehensive Income
Sales	$ 205,321	$ 176,475	$ 411,492	$ 345,650
Cost of sales, including distribution and occupancy costs	123,573	106,624	250,866	207,687
Gross profit	81,748	69,851	160,626	137,963
Operating, selling, general and administrative expenses	57,837	50,126	113,607	98,550
Operating income	23,911	19,725	47,019	39,413
Interest expense, net of interest income	2,048	1,370	3,858	2,668
Other income, net	(179)	(139)	(231)	(192)
Income before provision for income taxes	22,042	18,494	43,392	36,937
Provision for income taxes	8,392	6,946	16,171	13,752
Net income	13,650	11,548	27,221	23,185
Changes in pension, net of tax benefit of $109 for the quarter and six months ended fiscal September 2013	(177)	0	(177)	0
Comprehensive income	$ 13,473	$ 11,548	$ 27,044	$ 23,185
Earnings per share
Basic	$ 0.43	$ 0.37	$ 0.86	$ 0.74
Diluted	$ 0.42	$ 0.36	$ 0.84	$ 0.72

XML

Acquisitions

6 Months Ended

Sep. 28, 2013

Business Combinations [Abstract]

Mergers Acquisitions And Dispositions Disclosures [Text Block]

Note 2 – Acquisitions

Acquisitions are strategic moves in our plan to fill in and expand our presence in existing and contiguous markets, and leverage fixed operating costs such as distribution and advertising.

Subsequent Events

We signed definitive asset purchase agreements to complete the acquisition of 10 retail tireand automotive repair stores located in Delaware, Maryland and Kentucky through two acquisitions.These transactions are expected to close during the third quarter of fiscal 2014. Additionally, on October 20, 2013, we acquired two retail tire and automotive repair stores located in North Carolina. Collectively, these stores produced approximately $17million in annualized net sales for their previous full fiscal years based on unaudited pre-acquisition historical information.These retail tire andautomotive repair stores will operate under the Mr. Tire, Ken Towery's Tire & Auto Care and Tread Quarters names. The acquisitions will be financed through our existing credit facility.

Fiscal 2014

On August 18, 2013, we acquired 10 retail automotive repair stores located in the Washington D.C. metropolitan area from Curry's Automotive Group. These stores produced approximately $18 million in net sales for their previous full fiscal year based on unaudited pre-acquisition historical information. These retail automotive repair stores operate under the Curry's/Mr. Tire name. This acquisition was financed through our existing credit facility.

       The acquisition is not material to the Consolidated Financial Statements. Additionally, the pro forma information for the current or prior reporting periods has not been presented due to the impracticability of obtaining detailed, accurate or reliable data for the periods the acquired entity was not owned by Monro.

Fiscal 2013

As part of the acquisition process, the purchase accounting was finalized for the following fiscal 2013 acquisitions.

On April 1, 2012, we acquired 20 retail tire and automotive repair stores located in Virginia from Kramer Tire Co. (“Kramer”). We finalized the purchase accounting for this acquisition in the fourth quarter of fiscal 2013.

On June 3, 2012, we acquired 18 retail tire and automotive repair stores located in North Carolina from Colony Tire Corporation (“Colony”). We finalized the purchase accounting for this acquisition during the first quarter of fiscal 2014. The resulting adjustments were not material to the Consolidated Financial Statements.

On August 12, 2012, we acquired 17 retail automotive repair and tire stores located in Wisconsin and South Carolina from Tuffy Associates Corp. (“Tuffy”). We finalized the purchase accounting for this acquisition during the second quarter of fiscal 2014. The resulting adjustments were not material to the Consolidated Financial Statements.

The acquisitions resulted in goodwill related to, among other things, growth opportunities and unidentifiable intangible assets. All of the goodwill is expected to be deductible for tax purposes. We have recorded finite-lived intangible assets at their estimated fair value related to customer relationships and favorable leases.

In accordance with accounting guidance on business combinations, we expensed all costs related to the acquisitions in the six months ended September 29, 2012. The total costs related to the acquisitions were $.1 million and $.6 million for the three and six months ended September 29, 2012, respectively. These costs are included in the Consolidated Statements of Comprehensive Income primarily under operating, selling, general and administrative expenses.

       The purchase price of the acquisitions has been allocated to the net tangible and intangible assets acquired, with the remainder recorded as goodwill on the basis of estimated fair values, as follows:

	As of September 29, 2012
	(Dollars in thousands)
Inventory		$	5,933
Other current assets			956
Intangible assets			6,769
Other non-current assets			17,001
Total assets acquired			30,659
Current liabilities			1,690
Long-term liabilities			19,695
Total liabilities assumed			21,385
Total net identifiable assets acquired		$	9,274
Total consideration transferred		$	57,597
Less: total net identifiable assets acquired			9,274
Goodwill		$	48,323

Intangible assets consist of customer relationships ($3.7 million) and favorable leases ($3.1 million). Customer relationships and favorable leases are being amortized over their estimated useful lives. The weighted average useful lives are approximately six and 13 years, respectively. The weighted average useful life of all intangible assets is nine years.

Sales for the fiscal 2013 acquired entities for the three and six months ended September 29, 2012 totaled $12.4 million and $19.7 million, respectively for the period from acquisition date through September 29, 2012.

Supplemental pro forma information for the current or prior reporting periods has not been presented due to the impracticability of obtaining detailed, accurate or reliable data for the periods the acquired entities were not owned by Monro.

We continue to refine the valuation data and estimates related to road hazard warranty, intangible assets, real estate and real property leases for all other fiscal 2013 acquisitions and the fiscal 2014 acquisition, and expect to complete the valuations no later than the first anniversary date of the respective acquisition. We anticipate that adjustments will continue to be made to the fair values of identifiable assets acquired and liabilities assumed and those adjustments may or may not be material.

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	Sep. 28, 2013	Mar. 30, 2013
Income Tax Uncertainties
Unrecognized tax benefits	$ 5.5	$ 5.7
Interest and penalties accrued related to unrecognized tax benefits	$ 0.4

XML

Earnings Per Share (Tables)

6 Months Ended

Sep. 29, 2012

Earnings Per Share Basic And Diluted [Abstract]

Schedule Of Earnings Per Share Basic And Diluted Table Text Block

		Quarter Ended				Six Months Ended
		Fiscal September				Fiscal September
			2013		2012		2013		2012
		(Dollars in thousands,
		except per share data)
Numerator for earnings per common share calculation:
Net Income		$	13,650	$	11,548	$	27,221	$	23,185
Preferred stock dividends			(83)		(76)		(167)		(152)
Income available to common stockholders		$	13,567	$	11,472	$	27,054	$	23,033
Denominator for earnings per common share calculation:
Weighted average common shares, basic			31,390		31,023		31,346		30,973
Effect of dilutive securities:
	Preferred stock		760		760		760		760
	Stock options		403		423		417		482
Weighted average common shares, diluted			32,553		32,206		32,523		32,215
Basic Earnings per common share:		$	.43	$	.37	$	.86	$	.74
Diluted Earnings per common share:		$	.42	$	.36	$	.84	$	.72

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Cash Dividends (Details) (USD $)	3 Months Ended
	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013
Cash dividends
Common stock cash dividends per share declared	$ 0.11	$ 0.11	$ 0.11	$ 0.11

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Supplemental Disclosure of Cash Flow Information (Details) (USD $)	Sep. 28, 2013	Sep. 29, 2012
Supplemental Cash Flow [Line Items]
Fair value of assets acquired	$ 4,827,000	$ 30,659,000
Goodwill acquired	13,437,000	48,323,000
Cash paid, net of cash acquired	(17,013,000)	(57,597,000)
Liabilities assumed	1,251,000	21,385,000
Goodwill, purchase price adjustment		$ 3,800,000

XML

Fair Value (Details) (USD $) In Millions, unless otherwise specified	Sep. 28, 2013	Mar. 30, 2013
Fair Value Disclosures [Abstract]
Carrying amount of long-term debt ( including current portion)	$ 119.4	$ 127.8
Fair value of long-term debt (including current portion)	$ 119.4	$ 127.8

XML

Consolidated Statement of Changes in Shareholders' Equity (Unaudited) (USD $) In Thousands	Total	Preferred Stock	Common Stock [Member]	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Balance beginning at Mar. 30, 2013	$ 365,042	$ 49	$ 373	$ (90,064)	$ 131,460	$ (4,043)	$ 327,267
Net income	27,221						27,221
Preferred stock cash dividends	(167)						(167)
Common stock cash dividends	(6,900)						(6,900)
Tax benefit from exercise of stock options					1,091
Exercise of stock options	2,818		2		2,816
Stock-based compensation	2,253				2,253
Balance ending at Sep. 28, 2013	$ 391,181	$ 49	$ 375	$ (90,064)	$ 137,620	$ (4,220)	$ 347,421

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Sep. 28, 2013	Sep. 29, 2012
Cash flows from operating activities
Net income	$ 27,221	$ 23,185
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation and amortization	15,331	12,623
(Gain) loss on disposal of assets	(121)	135
Stock-based compensation expense	2,253	1,753
Excess tax benefits from share-based payment arrangements	(97)	(256)
Net change in deferred income taxes	907	(204)
Change in operating assets and liabilities:
Trade receivables	(257)	(246)
Inventories	(2,426)	(8,411)
Other current assets	(312)	(4,822)
Other non-current assets	816	3,285
Trade payables	(1,301)	3,384
Accrued expenses	2,675	(1,680)
Federal and state income taxes payable	2,726	1,205
Other long-term liabilities	(118)	(588)
Long-term income taxes payable	(377)	266
Total adjustments	19,699	6,444
Net cash provided by operating activities	46,920	29,629
Cash flows from investing activiites:
Capital expenditures	(13,913)	(12,120)
Cash paid, net of cash acquired	(17,013)	(57,488)
Proceeds from the disposal of assets	74	2,973
Net cash used for investing activities	(30,852)	(66,635)
Cash flows from financing activities:
Proceeds from borrowings	168,099	161,848
Principal payments on long-term debt, capital leases and financing obligations	(179,411)	(121,701)
Exercise of stock options	2,818	1,612
Excess tax benefits from share-based payment arrangements	97	256
Dividends to shareholders	(7,067)	(6,352)
Net cash (used for) provided by financing activities	(15,464)	35,663
Increase (decrease) in cash	604	(1,343)
Cash at beginning of period	1,463	3,257
Cash at end of period	$ 2,067	$ 1,914

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Earnings Per Share

6 Months Ended

Sep. 28, 2013

Earnings Per Share Basic And Diluted [Abstract]

Earnings Per Share Text Block

Note 3 – Earnings Per Share

       Basic earnings per common share (EPS) amounts are computed by dividing income available to common shareholders, after deducting preferred stock dividends, by the average number of common shares outstanding. Diluted EPS amounts assume the issuance of common stock for all potentially dilutive equivalent securities outstanding.

The following is a reconciliation of basic and diluted EPS for the respective periods:

		Quarter Ended				Six Months Ended
		Fiscal September				Fiscal September
			2013		2012		2013		2012
		(Dollars in thousands,
		except per share data)
Numerator for earnings per common share calculation:
Net Income		$	13,650	$	11,548	$	27,221	$	23,185
Preferred stock dividends			(83)		(76)		(167)		(152)
Income available to common stockholders		$	13,567	$	11,472	$	27,054	$	23,033
Denominator for earnings per common share calculation:
Weighted average common shares, basic			31,390		31,023		31,346		30,973
Effect of dilutive securities:
	Preferred stock		760		760		760		760
	Stock options		403		423		417		482
Weighted average common shares, diluted			32,553		32,206		32,523		32,215
Basic Earnings per common share:		$	.43	$	.37	$	.86	$	.74
Diluted Earnings per common share:		$	.42	$	.36	$	.84	$	.72

The computation of diluted EPS excludes the effect of the assumed exercise of approximately 95,000 and 149,000 stock options for the three andsixmonths ended fiscal September 28, 2013,respectively, and 648,000 for both the three and six months ended September 29, 2012. Such amounts were excluded as the exercise prices of these stock options were greater than the average market value of ourCommon Stock for those periods, resulting in an anti-dilutive effect on diluted EPS.

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Condensed Consolidated Financial Statements

6 Months Ended

Sep. 28, 2013

Organization Consolidation And Presentation Of Financial Statements Disclosure [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1 – Condensed Consolidated Financial Statements

The consolidated balance sheets as of September 28, 2013 and March 30, 2013, the consolidated statements of comprehensive income for the quarters and six months ended September 28, 2013 and September 29, 2012, the consolidated statements of cash flows for the six months ended September 28, 2013 and September 29, 2012,and the consolidated statement of changes in shareholders' equity for thesix months ended September 28, 2013, include financial information for Monro Muffler Brake, Inc. and its wholly-owned subsidiary, Monro Service Corporation (collectively, “Monro”, “we”, “us”, “our”). These unaudited, condensed consolidated financial statements have been prepared by Monro. We believe all known adjustments (consisting of normal recurring accruals or adjustments) have been made to fairly state the financial position, results of operations and cash flows for the unaudited periods presented.

Interim results are not necessarily indicative of results for a full year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The information included in this Form 10-Q should be read in conjunction with the audited financial statements and notes thereto included in our annual report on Form 10-K for the year ended March 30, 2013.

We report our results on a 52/53 week fiscal year with the fiscal year ending on the last Saturday in March of each year. The following are the dates represented by each fiscal period reported in these condensed financial statements:

       “Quarter Ended Fiscal September 2013”June 30, 2013 – September 28, 2013 (13 weeks)
“Quarter Ended Fiscal September 2012”July 1, 2012 – September 29, 2012 (13 weeks)

       “Six Months Ended FiscalSeptember 2013”       March 31, 2013– September 28, 2013 (26 weeks)

       “Six Months Ended Fiscal September 2012”       April 1, 2012– September 29, 2012 (26 weeks)

       Fiscal year 2014, ending March 29, 2014, is a 52 week year.

Recent Accounting Pronouncements

       In February 2013, the Financial Accounting Standards Board issued new accounting guidance for the reporting of amounts reclassified out of accumulated other comprehensive income. This guidance requires companies to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income when applicable, or to cross-reference the reclassifications with other disclosures that provide additional detail about the reclassification made when the reclassifications are not made to net income. This guidance is effective for fiscal years and interim periods beginning after December 15, 2012. The adoption of this guidance in the first quarter of fiscal 2014 did not have an impact on Monro's Consolidated Financial Statements.

In July 2013, the Financial Accounting Standards Board issued new accounting guidance for income tax presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists.This guidance requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss or similar tax loss carryforwards, or tax credit carryforwards. The guidance is to be applied prospectively (with an option to apply retrospectively) and will apply to all unrecognized tax benefits that exist at the effective date. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2013, with early adoption permitted. As we already net our unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, this guidance had no impact on Monro's Consolidated Financial Statements.

       Other recent authoritative guidance issued by the FASB (including technical corrections to the Accounting Standards Codification) and the Securities and Exchange Commission did not, or are not expected to have a material effect on Monro's Consolidated Financial Statements.

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Consolidated Balance Sheets (Parentheticals) (Unaudited) (USD $)	Sep. 28, 2013	Mar. 30, 2013
Common stock par value	$ 0.01	$ 0.01
Common stock authorized	65,000,000	65,000,000
Common shares issued	37,473,064	37,327,967
Treasury stock	6,073,836	6,073,836
Preferred Class C [Member]
Preferred stock par value	$ 1.50	$ 1.50
Preferred stock conversion value	$ 0.064	$ 0.064
Preferred stock shares authorized	150,000	150,000
Preferred stock shares issued	32,500	32,500
Preferred stock shares outstanding	32,500	32,500

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Supplemental Disclosure of Cash Flow Information

6 Months Ended

Sep. 28, 2013

Supplemental Cash Flow Information Abstract

Cash Flow Supplemental Disclosures Text Block

Note 6 – Supplemental Disclosure of Cash Flow Information

The following represents non-cash investing and financing activities during the periods indicated:

Six Months Ended September 28, 2013:

In connection with the fiscal 2014 acquisitions, liabilities were assumed as follows:

Fair value of assets acquired	$	4,827,000
Goodwill acquired		13,437,000
Cash paid, net of cash acquired		(17,013,000)
Liabilities assumed	$	1,251,000

Six Months Ended September 29, 2012:

In connection with the fiscal 2013 acquisitions, liabilities were assumed as follows:

Fair value of assets acquired	$	30,659,000
Goodwill acquired		48,323,000
Cash paid, net of cash acquired		(57,597,000)
Liabilities assumed	$	21,385,000

These amounts reflect final purchase accounting adjustments for the fiscal 2013 acquisitions.

Goodwill at September 28, 2013 increased $3.8 million as compared to March 30, 2013 due to purchase accounting adjustments related to all fiscal 2013 acquisitions.

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Consolidated Statements of Comprehensive Income (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Sep. 28, 2013	Jun. 29, 2013	Sep. 28, 2013	Sep. 29, 2012
Statement of Comprehensive Income
Tax benefit related to changes in pension	$ 109	$ 0	$ 109	$ 0

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Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 28, 2013	Mar. 30, 2013
Current assets
Cash and equivalents	$ 2,067	$ 1,463
Trade receivables	3,092	2,835
Federal and state income taxes receivable	701	2,336
Inventories	120,827	118,210
Deferred income tax asset	14,410	13,154
Other current assets	28,764	28,412
Total current assets	169,861	166,410
Property, plant and equipment	513,177	499,892
Less - Accumulated depreciation and amortization	(238,976)	(229,034)
Net property, plant and equipment	274,201	270,858
Goodwill	252,542	235,289
Intangible assets	27,487	28,517
Other non-current assets	10,271	10,458
Total assets	734,362	711,532
Current liabilities
Current portion of long-term debt, capital leases and financing obligations	5,221	4,914
Trade payables	59,705	61,006
Accrued payroll, payroll taxes and other payroll benefits	18,533	18,302
Accrued insurance	31,886	29,498
Warranty reserves	9,458	9,248
Other current liabilities	14,376	13,431
Total current liabilities	139,179	136,399
Long-term capital leases and financing obligations	59,887	58,899
Long-term debt	119,368	127,847
Accrued rent expense	5,817	6,057
Other long-term liabilities	12,203	11,762
Deferred income tax liability	3,674	2,096
Long-term income taxes payable	3,053	3,430
Total liabilities	343,181	346,490
Commitments
Shareholders' equity
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value, 150,000 shares authorized; 32,500 shares issued and outstanding	49	49
Common Stock, $.01 par value, 65,000,000 shares authorized; 37,473,064 and 37,327, 967 shares issued at June 29, 2013 and March 30, 2013, respectively	375	373
Treasury Stock, 6,073,836 shares at cost	(90,064)	(90,064)
Additional paid-in capital	137,620	131,460
Accumulated other comprehensive loss	(4,220)	(4,043)
Retained earnings	347,421	327,267
Total shareholders' equity	391,181	365,042
Total liabilities and shareholders' equity	$ 734,362	$ 711,532

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Earnings Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Numerator For Earnings Per Share Calculation [Abstract]
Net income	$ 13,650	$ 11,548	$ 27,221	$ 23,185
Preferred stock dividends	(83)	(76)	(167)	(152)
Income available to common shareholders	$ 13,567	$ 11,472	$ 27,054	$ 23,033
Denominator for earnings per common share calculation:
Weighted average common shares, basic	31,390,000	31,023,000	31,346,000	30,973,000
Effect of dilutive securities:
Preferred stock	760,000	760,000	760,000	760,000
Stock options	403,000	423,000	417,000	482,000
Weighted average number of common shares, diluted	32,553,000	32,206,000	32,523,000	32,215,000
Basic Earnings per common share:	$ 0.43	$ 0.37	$ 0.86	$ 0.74
Diluted Earnings per common share:	$ 0.42	$ 0.36	$ 0.84	$ 0.72
Antidilutive securities excluded from computation of earnings per share	95,000	648,000	149,000	648,000

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Fair Value

6 Months Ended

Sep. 28, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 5 – Fair Value

Long-term debt had a carrying amount and a fair value of $119.4 million as of September 28, 2013, as compared to a carrying amount and a fair value of $127.8 million as of March 30, 2013. The fair value of long-term debt was estimated based on discounted cash flow analyses using either quoted market prices for the same or similar issues, or the current interest rates offered to Monro for debt with similar maturities.

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Subsequent Events

6 Months Ended

Sep. 28, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 8 – Subsequent Events

       See Note 2 for a discussion of acquisitions subsequent to September 28, 2013.

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Income Taxes

6 Months Ended

Sep. 28, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure Text Block

Note 4 – Income Taxes

       In the normal course of business, we provide for uncertain tax positions and the related interest and penalties, and adjustour unrecognized tax benefits and accrued interest and penalties accordingly. The total amounts of unrecognized tax benefits were $5.5 million and $5.7million, respectively, at September 28, 2013and March 30, 2013, the majority of which, if recognized, would affect the effective tax rate. As of September 28, 2013, we had approximately $.4 million of interest and penalties accrued related to unrecognized tax benefits.

We are currently under audit by certain state tax jurisdictions for the fiscal 2007 through 2010 tax years. It is possible that the examination phase of the audits for these years may conclude in the next 12 months, and that the related unrecognized tax benefits for tax positions taken regarding previously filed tax returns may change from those recorded as liabilities for uncertain tax positions in our financial statements as of September 28, 2013. However, based on the status of the examinations, it is not possible to estimate the effect of any amount of such change to previously recorded uncertain tax positions.

We file U.S. federal income tax returns and income tax returns in various state jurisdictions. Our fiscal 2011 and fiscal 2012U.S. federal tax year and various state tax years remain subject to income tax examinations by tax authorities.

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Consolidated Statement of Changes in Shareholders' Equity (Parentheticals) (USD $)	3 Months Ended
	Sep. 28, 2013	Jun. 29, 2013
Cash dividends
Preferred stock cash dividends per common stock equivalent	$ 0.11	$ 0.11
Common stock cash dividends per share	$ 0.11	$ 0.11

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Supplemental Disclosure of Cash Flow Information (Tables)

6 Months Ended

Sep. 29, 2012

Supplemental Cash Flow Information Abstract

ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock

Fair value of assets acquired	$	4,827,000
Goodwill acquired		13,437,000
Cash paid, net of cash acquired		(17,013,000)
Liabilities assumed	$	1,251,000

Fair value of assets acquired	$	30,659,000
Goodwill acquired		48,323,000
Cash paid, net of cash acquired		(57,597,000)
Liabilities assumed	$	21,385,000

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Cash Dividend

6 Months Ended

Sep. 28, 2013

Cash dividends

Cash Dividends [Text Block]

Note 7 – Cash Dividend

       In May 2013, our Board of Directors declared its intention to pay a regular quarterly cash dividend during fiscal 2014 of $.11 per common share or common share equivalent to be paid beginning with the first quarter of fiscal 2014. However, the declaration of and any determination as to the payment of future dividends will be at the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, compliance with charter and credit facility restrictions, and such other factors as the Board of Directors deems relevant.

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Acquisitions Additional Information (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Sep. 29, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Customer relationships	$ 3.7
Favorable leases	$ 3.1
All finite lived intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	9 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	6 years
Favorable leases
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	13 years

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Condensed Consolidated Financial Statements (Details)	6 Months Ended
	Sep. 28, 2013
Organization Consolidation And Presentation Of Financial Statements Disclosure [Abstract]
Company reported results maximum	53 weeks
Company reported results minimum	52 weeks
Company reported results current year fiscal quarter	13 weeks
Company reported results prior year fiscal quarter	13 weeks
Company reported results current fiscal year to date	26 weeks
Company reported results prior fiscal year to date	26 weeks
Company reported results current fiscal year	52 weeks

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Document and Entity Information (USD $)	3 Months Ended
	Sep. 28, 2013	Oct. 25, 2013	Sep. 29, 2012
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 28, 2013
Amendment Flag	false
Entity Registrant Name	MONRO MUFFLER BRAKE INC
Entity Central Index Key	0000876427
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--03-29
Entity Filer Category	Large Accelerated Filer
Entity Well Known Seasoned Issuer	Yes
Entity Common Stock Shares Outstanding		31,405,980
Entity Public Float			$ 1,021,500,000
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

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Acquisitions (Details) (USD $)	3 Months Ended	6 Months Ended		6 Months Ended
	Sep. 29, 2012	Sep. 29, 2012	Sep. 28, 2013	Sep. 28, 2013 Kramer Acquisition numberofstores	Sep. 28, 2013 Colony Acquisition numberofstores	Sep. 28, 2013 Tuffy Acquisition numberofstores	Sep. 28, 2013 Curry Acquisition numberofstores	Sep. 28, 2013 Fiscal Year 2014-Quarter Two Acquisitions numberofstores	Sep. 28, 2013 Fiscal Year 2014-Quarter Three Acquisitions numberofstores	Sep. 28, 2013 Fiscal Year 2014 - Quarter Two and Three Acquisitions
Business Acquisition [Line Items]
Annual sales based on unaudited pre-acquisition historical information							$ 18,000,000			$ 17,000,000
Number of stores acquired				20	18	17	10	2	10
Schedule Of Business Acquisitions Purchase Price Allocation [Line Items]
Inventory	5,933,000	5,933,000
Other current assets	956,000	956,000
Intangible assets	6,769,000	6,769,000
Other noncurrent assets	17,001,000	17,001,000
Total assets acquired	30,659,000	30,659,000	4,827,000
Current liabilities	1,690,000	1,690,000
Long-term liabilities	19,695,000	19,695,000
Total liabilities assumed	21,385,000	21,385,000	1,251,000
Total net identifiable assets acquied	9,274,000	9,274,000
Total consideration transferred	57,597,000	57,597,000	17,013,000
Less: total net identifiable assets acquired	9,274,000	9,274,000
Goodwill Acquired During Period		48,323,000
Sales for the fiscal 2013 acquired entities	$ 12,400,000	$ 19,700,000