XML 55 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Description Of Business, Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule of Share-Based Compensation Valuation Assumptions) (Details)
12 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Mar. 30, 2019
Weighted average fair value of options granted      
Risk-free interest rate [1] 0.27% 1.85% 2.81%
Expected term (years) [2] 4 years 4 years 4 years
Expected volatility [3] 33.30% 30.40% 28.30%
Dividend yield [4] 1.60% 1.12% 1.24%
[1] Risk-free interest rates are yields for zero coupon U.S. Treasury notes maturing approximately at the end of the expected option term.
[2] Expected term is based on historical exercise behavior and on the terms and conditions of the stock option award.
[3] Expected volatility is based on a combination of historical volatility, using Monro stock prices over a period equal to the expected term, and implied market volatility.
[4] Dividend yield is based on historical dividend experience and expected future changes, if any.