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Subsequent Events
12 Months Ended
Mar. 28, 2020
Subsequent Events [Abstract]  
Subsequent Events NOTE 15 – SUBSEQUENT EVENTS

In May 2020, Monro’s Board of Directors declared a cash dividend of $0.22 per share or share equivalent to be paid to shareholders of record as of June 8, 2020. The dividend will be paid on June 22, 2020

On June 11, 2020, we entered into a First Amendment to our existing credit agreement, which, among other things, amends the terms of certain of the financial and restrictive covenants in the credit agreement through the first quarter of fiscal 2022. The First Amendment requires us to maintain monthly minimum liquidity levels and adjusts the range of interest spread we may pay on outstanding borrowings. The payment of dividends and the payment for acquisitions are permitted for the period from June 30, 2020 to June 30, 2021 subject to the terms in the First Amendment and credit agreement. See additional discussion of the First Amendment under Note 6.