Monro (MNRO) 10-Q 31 Jan 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 25, 2021	Jan. 21, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 25, 2021
Current Fiscal Year End Date	--03-26
Document Fiscal Year Focus	2022
Document Transition Report	false
Entity File Number	0-19357
Entity Registrant Name	Monro, Inc.
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	16-0838627
Entity Address, Address Line One	200 Holleder Parkway
Entity Address, City or Town	Rochester
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14615
City Area Code	585
Local Phone Number	647-6400
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MNRO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		33,546,040
Entity Central Index Key	0000876427
Amendment Flag	false
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 25, 2021	Mar. 27, 2021
Current assets
Cash and equivalents	$ 9,514	$ 29,960
Accounts receivable	14,709	15,324
Federal and state income taxes receivable		10,844
Inventories	169,664	162,282
Other current assets	57,349	48,115
Total current assets	251,236	266,525
Property and equipment, net	315,302	327,063
Finance lease and financing obligation assets, net	272,550	275,360
Operating lease assets, net	222,934	203,329
Goodwill	779,091	689,524
Intangible assets, net	26,082	26,068
Other non-current assets	17,099	18,332
Long-term deferred income tax assets	4,896	5,613
Total assets	1,889,190	1,811,814
Current liabilities
Current portion of finance leases and financing obligations	41,192	37,803
Current portion of operating lease liabilities	34,685	30,903
Accounts payable	117,893	112,378
Federal and state income taxes payable	55
Accrued payroll, payroll taxes and other payroll benefits	23,634	20,842
Accrued insurance	52,906	49,681
Deferred revenue	13,833	11,956
Other current liabilities	27,923	27,053
Total current liabilities	312,121	290,616
Long-term debt	195,000	190,000
Long-term finance leases and financing obligations	362,522	366,330
Long-term operating lease liabilities	201,081	177,724
Other long-term liabilities	11,496	16,649
Long-term deferred income tax liabilities	24,259	19,783
Long-term income taxes payable	1,200	1,028
Total liabilities	1,107,679	1,062,130
Commitments and contingencies - Note 10
Shareholders' equity
Class C Convertible Preferred Stock	29	29
Common Stock	399	398
Treasury Stock	(108,729)	(108,729)
Additional paid-in capital	243,349	238,244
Accumulated other comprehensive loss	(4,927)	(4,619)
Retained earnings	651,390	624,361
Total shareholders' equity	781,511	749,684
Total liabilities and shareholders' equity	$ 1,889,190	$ 1,811,814

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 25, 2021	Mar. 27, 2021
Consolidated Balance Sheets [Abstract]
Class C convertible preferred stock shares authorized	150,000	150,000
Class C convertible preferred stock par value	$ 1.50	$ 1.50
Class C convertible preferred stock, conversion value	$ 0.064	$ 0.064
Class C convertible preferred stock shares issued	19,664	19,664
Class C convertible preferred stock shares outstanding	19,664	19,664
Common stock shares authorized	65,000,000	65,000,000
Common stock par value	$ 0.01	$ 0.01
Common stock shares issued	39,905,671	39,848,093
Treasury stock shares	6,359,871	6,359,871

Consolidated Statements Of Inco

Consolidated Statements Of Income And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 25, 2021	Dec. 26, 2020
Consolidated Statements Of Income And Comprehensive Income [Abstract]
Sales	$ 341,781	$ 284,591	$ 1,031,298	$ 820,237
Cost of sales, including distribution and occupancy costs	221,199	188,453	654,102	532,119
Gross profit	120,582	96,138	377,196	288,118
Operating, selling, general and administrative expenses	93,146	80,450	287,366	236,603
Operating income	27,436	15,688	89,830	51,515
Interest expense, net of interest income	5,676	6,819	18,893	21,526
Other income, net	(43)	(65)	(138)	(132)
Income before income taxes	21,803	8,934	71,075	30,121
Provision for income taxes	5,516	2,251	18,122	7,605
Net income	16,287	6,683	52,953	22,516
Other comprehensive loss
Changes in pension, net of tax	(102)	(170)	(308)	(510)
Other comprehensive loss	(102)	(170)	(308)	(510)
Comprehensive income	$ 16,185	$ 6,513	$ 52,645	$ 22,006
Earnings per share
Basic	$ 0.48	$ 0.20	$ 1.57	$ 0.67
Diluted	$ 0.48	$ 0.20	$ 1.56	$ 0.67
Weighted average common shares outstanding
Basic	33,542	33,307	33,521	33,296
Diluted	34,056	33,827	34,036	33,840

Consolidated Statements Of Chan

Consolidated Statements Of Changes in Shareholders' Equity - USD ($) $ in Thousands	Class C Convertible Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Total
Balance beginning at Mar. 28, 2020	$ 33	$ 396	$ (108,729)	$ 229,774	$ (6,889)	$ 619,855	$ 734,440
Beginning balance, preferred shares at Mar. 28, 2020	22,000
Beginning balance, common shares at Mar. 28, 2020		39,645,000	6,360,000
Net income						22,516	22,516
Other comprehensive loss
Pension liability adjustment					(510)		(510)
Dividends declared
Preferred						(337)	(337)
Common						(21,978)	(21,978)
Dividend payable						(23)	(23)
Stock options and restricted stock		$ 1		(194)			(193)
Stock options and restricted stock, shares		22,000
Stock-based compensation				2,128			2,128
Balance ending at Dec. 26, 2020	$ 33	$ 397	$ (108,729)	231,708	(7,399)	620,033	736,043
Ending balance, preferred shares at Dec. 26, 2020	22,000
Ending balance, common shares at Dec. 26, 2020		39,667,000	6,360,000
Balance beginning at Sep. 26, 2020	$ 33	$ 397	$ (108,729)	231,095	(7,229)	620,800	736,367
Beginning balance, preferred shares at Sep. 26, 2020	22,000
Beginning balance, common shares at Sep. 26, 2020		39,667,000	6,360,000
Net income						6,683	6,683
Other comprehensive loss
Pension liability adjustment					(170)		(170)
Dividends declared
Preferred						(112)	(112)
Common						(7,328)	(7,328)
Dividend payable						(10)	(10)
Stock-based compensation				613			613
Balance ending at Dec. 26, 2020	$ 33	$ 397	$ (108,729)	231,708	(7,399)	620,033	736,043
Ending balance, preferred shares at Dec. 26, 2020	22,000
Ending balance, common shares at Dec. 26, 2020		39,667,000	6,360,000
Balance beginning at Mar. 27, 2021	$ 29	$ 398	$ (108,729)	238,244	(4,619)	624,361	$ 749,684
Beginning balance, preferred shares at Mar. 27, 2021	20,000						19,664
Beginning balance, common shares at Mar. 27, 2021		39,848,000	6,360,000
Net income						52,953	$ 52,953
Other comprehensive loss
Pension liability adjustment					(308)		(308)
Dividends declared
Preferred						(350)	(350)
Common						(25,483)	(25,483)
Dividend payable						(91)	(91)
Stock options and restricted stock		$ 1		1,975			1,976
Stock options and restricted stock, shares		58,000
Stock-based compensation				3,130			3,130
Balance ending at Dec. 25, 2021	$ 29	$ 399	$ (108,729)	243,349	(4,927)	651,390	$ 781,511
Ending balance, preferred shares at Dec. 25, 2021	20,000						19,664
Ending balance, common shares at Dec. 25, 2021		39,906,000	6,360,000
Balance beginning at Sep. 25, 2021	$ 29	$ 399	$ (108,729)	242,061	(4,825)	643,983	$ 772,918
Beginning balance, preferred shares at Sep. 25, 2021	20,000
Beginning balance, common shares at Sep. 25, 2021		39,900,000	6,360,000
Net income						16,287	16,287
Other comprehensive loss
Pension liability adjustment					(102)		(102)
Dividends declared
Preferred						(120)	(120)
Common						(8,722)	(8,722)
Dividend payable						(38)	(38)
Stock options and restricted stock				30			30
Stock options and restricted stock, shares		6,000
Stock-based compensation				1,258			1,258
Balance ending at Dec. 25, 2021	$ 29	$ 399	$ (108,729)	$ 243,349	$ (4,927)	$ 651,390	$ 781,511
Ending balance, preferred shares at Dec. 25, 2021	20,000						19,664
Ending balance, common shares at Dec. 25, 2021		39,906,000	6,360,000

Consolidated Statements Of Ch_2

Consolidated Statements Of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 25, 2021	Dec. 26, 2020
Consolidated Statements Of Changes In Shareholders' Equity [Abstract]
Common stock cash dividends per share	$ 0.26	$ 0.22	$ 0.76	$ 0.66

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Operating activities:
Net income	$ 52,953	$ 22,516
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	60,454	57,598
Share-based compensation expense	3,130	2,128
Gain on disposal of assets	(507)	(156)
Impairment of long-lived assets		99
Deferred income tax expense	9,633	4,041
Change in operating assets and liabilities (excluding acquisitions)
Accounts receivable	615	(788)
Inventories	(5,952)	23,787
Other current assets	(8,046)	7,848
Other non-current assets	26,042	2,288
Accounts payable	5,515	32,348
Accrued expenses	2,771	15,610
Federal and state income taxes payable	10,899	1,292
Other long-term liabilities	(30,442)	(9,491)
Long-term income taxes payable	172	96
Cash provided by operating activities	127,237	159,216
Investing activities
Capital expenditures	(17,445)	(39,214)
Acquisitions, net of cash acquired	(83,167)	(18,095)
Proceeds from the disposal of assets	1,030	388
Other	122	1,025
Cash used for investing activities	(99,460)	(55,896)
Financing activities:
Proceeds from borrowings	139,862
Principal payments on long-term debt, finance leases and financing obligations	(163,985)	(400,657)
Exercise of stock options	2,110	9
Dividends paid	(25,713)	(22,315)
Deferred financing costs	(497)	(874)
Cash used for financing activities	(48,223)	(423,837)
Decrease in cash and equivalents	(20,446)	(320,517)
Cash and equivalents at beginning of period	29,960	345,476
Cash and equivalents at end of period	9,514	24,959
Supplemental information:
Leased assets obtained in exchange for new finance lease liabilities	7,307	100,755
Leased assets obtained in exchange for new operating lease liabilities	$ 8,114	$ 20,364

Description Of Business And Bas

Description Of Business And Basis Of Presentation	9 Months Ended
	Dec. 25, 2021
Description Of Business And Basis Of Presentation [Abstract]
Description Of Business And Basis Of Presentation	Note 1 – Description of Business and Basis of Presentation Description of business Monro, Inc. and its direct and indirect subsidiaries (together, “Monro”, the “Company”, “we”, “us”, or “our”), are engaged principally in providing automotive undercar repair and tire replacement sales and tire related services in the United States. Monro had 1,303 Company-operated retail stores located in 32 states and 81 franchised locations as of December 25, 2021. A certain number of our retail locations also service commercial customers. Our locations that serve commercial customers generally operate consistently with our other retail locations, except that the sales mix for these locations includes a higher number of commercial tires. As of December 25, 2021, Monro had seven wholesale locations and three retread facilities. The wholesale locations, in most cases, sell tires to customers for resale, although these tire sales do not include installation or other tire related services. The retread facilities re-manufacture tires through the replacement of tread on worn tires that are later sold to customers. Monro’s operations are organized and managed as one single segment designed to offer to our customers replacement tires and tire related services, automotive undercar repair services as well as a broad range of routine maintenance services, primarily on passenger cars, light trucks and vans. We also provide other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension and wheel alignment. Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial statements. While these statements reflect all adjustments (consisting of items of a normal recurring nature) that are, in the opinion of management, necessary for a fair presentation of the results of the interim period, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“U.S. GAAP”) for complete financial statement presentation. The consolidated financial statements should be read in conjunction with the financial statement disclosures in our Form 10-K for the fiscal year ended March 27, 2021. We use the same accounting policies in preparing quarterly and annual financial statements. Due to the seasonal nature of our business, quarterly operating results and cash flows are not necessarily indicative of the results that may be expected for other interim periods or the full year. Fiscal year We operate on a 52/53 week fiscal year ending on the last Saturday in March. Fiscal years 2022 and 2021 each contain 52 weeks. Unless specifically indicated otherwise, any references to “2022” or “fiscal 2022” and “2021” or “fiscal 2021” relate to the years ending March 26, 2022 and March 27, 2021, respectively. Recent accounting pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance intended to simplify the accounting for income taxes. The new guidance removes certain exceptions to the general principles in Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes,” and amends existing guidance to improve consistent application. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2020. We adopted this guidance during the first quarter of 2022. The adoption of this guidance did not have a material impact on our consolidated financial statements. Other recent authoritative guidance issued by the FASB (including technical corrections to the ASC) and the SEC did not, or are not expected to have a material effect on Monro’s consolidated financial statements. Supplemental information Property and equipment, net: Property and equipment balances are shown on the Consolidated Balance Sheets net of accumulated depreciation of $405.2 million and $382.7 million as of December 25, 2021 and March 27, 2021, respectively.

Impact Of The COVID-19 Pandemic

Impact Of The COVID-19 Pandemic	9 Months Ended
	Dec. 25, 2021
Impact Of The COVID-19 Pandemic [Abstract]
Impact Of The COVID-19 Pandemic	Note 2 – Impact of the COVID-19 Pandemic The novel strain of coronavirus (“COVID-19”) pandemic has been a highly disruptive economic and societal event that has affected our business and has a significant impact on consumer behavior. To date, our retail stores, wholesale locations and other facilities have remained open as an essential business. To serve our customers while also providing for the safety of employees, we have adapted certain aspects of the business. Throughout the pandemic, we have monitored the rapidly evolving situation and will continue to adapt our operations to (i) address federal, state and local standards, (ii) meet the demand of customers, and (iii) implement standards that we believe to be in the best interests of the safety and well-being of our employees and customers. The full impact of the COVID-19 pandemic will depend on factors such as the length of time of the pandemic; how federal, state and local governments are responding; the efficacy of the COVID-19 vaccines; the longer-term impact of the pandemic on the economy and consumer behavior; and the effect on our customers, employees, vendors and other partners.

Acquisitions

Acquisitions	9 Months Ended
	Dec. 25, 2021
Acquisitions [Abstract]
Acquisitions	Note 3 – Acquisitions Monro’s acquisitions are strategic moves in our plan to fill in and expand our presence in our existing and contiguous markets, expand into new markets and leverage fixed operating costs such as distribution, advertising and administration. Acquisitions in this note include acquisitions of five or more locations as well as acquisitions of one to four locations that are part of our greenfield store growth strategy. 2022 During the first nine months of fiscal 2022, we acquired the following businesses for an aggregate purchase price of $83.2 million. The acquisitions were financed through our Credit Facility, as defined in Note 9. The results of operations for these acquisitions are included in our financial results from the respective acquisition dates. On December 6, 2021, we acquired 11 retail tire and automotive repair stores operating as Car-X franchise locations in Iowa from KR Jones Enterprises, Inc. These stores will operate under the Car-X name. On November 14, 2021, we acquired three retail tire and automotive repair stores located in California from Bud’s Tire and Wheel, Inc. These stores will operate under the Tire Choice name. On November 14, 2021, we acquired two retail tire and automotive repair stores located in California from Eagle Auto & Tire, Inc. These stores will operate under the Mountain View Tire & Service name. On November 14, 2021, we acquired one retail tire and automotive repair store located in California from Golden Reflections. This store will operate under the Mountain View Tire & Service name. On April 25, 2021, we acquired 30 retail tire and automotive repair stores located in California from Mountain View Tire & Service, Inc. These stores operate under the Mountain View Tire & Service name. The acquisitions resulted in goodwill related to, among other things, growth opportunities, synergies and economies of scale expected from combining the businesses with ours, as well as unidentifiable intangible assets. All of the goodwill is expected to be deductible for tax purposes. We expensed all costs related to the acquisitions in the nine months ended December 25, 2021. The total costs related to the completed acquisitions were $0.2 million and $0.6 million for the three months and nine months ended December 25, 2021, respectively. These costs are included in the Consolidated Statements of Income and Comprehensive Income primarily under operating, selling, general and administrative (“OSG&A”) expenses. Sales related to the completed acquisitions for the three months and nine months ended December 25, 2021 totaled $13.7 million and $33.1 million, respectively, for the period from acquisition date through December 25, 2021. 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 accounted for the acquisitions as a business combination using the acquisition method of accounting in accordance with the FASB ASC Topic 805, “Business Combinations.” The assets acquired and liabilities assumed were recorded at their acquisition-date fair values and were consolidated with those of the Company as of the acquisition date. The acquisition-date fair values were assigned based on preliminary valuations and estimates, and the consideration transferred and net liabilities assumed were recorded as goodwill. 2022 Acquisition-date Fair Values Assigned (thousands) Inventory $ 1,208 Other current assets 424 Property and equipment 1,455 Finance lease and financing obligation assets 15,568 Operating lease assets 35,815 Intangible assets 3,120 Other non-current assets 79 Long-term deferred income tax assets 4,332  Total assets acquired 62,001 Current portion of finance leases and financing obligations 1,569 Current portion of operating lease liabilities 3,324 Deferred revenue 1,273 Other current liabilities 273 Long-term finance leases and financing obligations 21,584 Long-term operating lease liabilities 39,401 Other long-term liabilities 1,055  Total liabilities assumed 68,479 Total net identifiable liabilities assumed $ (6,478)Total consideration transferred $ 83,175 Less: total net identifiable liabilities assumed (6,478)Goodwill $ 89,653  The total consideration of $83.2 million is comprised of $81.7 million in cash and $1.5 million in payables to certain sellers, of which $1.1 million is due upon finalization of certain lease assignment terms for one store location. We recorded $3.1 million to amortizable intangible assets, including customer lists and a trade name, with a weighted-average amortizable period of approximately eight years. We have recorded acquired right-of-use (“ROU”) assets at the present value of remaining lease payments adjusted to reflect favorable or unfavorable market terms of the lease. We continue to refine the valuation data and estimates primarily related to inventory, warranty reserves, intangible assets and real property leases and certain liabilities for the 2022 acquisitions and expect to complete the valuations no later than the first anniversary date of the 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. 2021 On December 6, 2020, we acquired 17 retail tire and automotive repair stores located in California from Fred Allen Enterprises, Inc. for $17.1 million. These stores will operate under the Tire Choice name. The acquisition was financed through our Credit Facility. The results of operation for the acquisition are included in our financial results from the acquisition date. Prior to this acquisition, our acquisition activity in 2021 was paused due to the impact of the COVID-19 pandemic. The acquisition resulted in goodwill related to, among other things, growth opportunities, synergies and economies of scale expected from combining the business with ours, as well as unidentifiable intangible assets. All of the goodwill is expected to be deductible for tax purposes. We have recorded a customer list intangible asset with a useful life of seven years at its estimated fair value of approximately $0.4 million. We have recorded acquired ROU assets at the present value of remaining lease payments adjusted to reflect favorable or unfavorable market terms of the lease. We expensed all costs related to the acquisition in the three months ended December 26, 2020. The total costs related to the completed acquisition were $0.1 million and these costs are included in the Consolidated Statements of Income and Comprehensive Income primarily under OSG&A expenses. Sales related to the completed acquisition totaled $0.9 million for the period from acquisition date through December 26, 2020. 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 accounted for the 2021 acquisition as a business combination using the acquisition method of accounting and we finalized the purchase accounting related to the 2021 acquisition during 2022. As a result of the updated purchase price allocation for the 2021 acquisition, certain of the fair value amounts previously estimated were adjusted during the measurement period. These measurement period adjustments resulted from updated valuation reports and appraisals received from our external valuation specialists, as well as revisions to internal estimates. The measurement period adjustments were not material to the Consolidated Balance Sheet as of December 25, 2021 and the Consolidated Statements of Income and Comprehensive Income for the three months and nine months ended December 25, 2021. The acquired assets and liabilities assumed were recorded at their assigned acquisition-date fair values and were consolidated with those of the Company as of the acquisition date. The consideration transferred and net liabilities assumed were recorded as goodwill.  2021 Acquisition-date Fair Values Assigned (thousands) Inventory $ 1,017 Other current assets 172 Property and equipment 796 Finance lease and financing obligation assets 5,089 Operating lease assets 8,980 Intangible assets 418 Other non-current assets 31 Long-term deferred income tax assets 1,336  Total assets acquired 17,839 Current portion of finance leases and financing obligations 748 Current portion of operating lease liabilities 976 Deferred revenue 697 Other current liabilities 4 Long-term finance leases and financing obligations 7,911 Long-term operating lease liabilities 7,433 Other long-term liabilities 548  Total liabilities assumed 18,317 Total net identifiable liabilities assumed $ (478)Total consideration transferred $ 17,112 Less: total net identifiable liabilities assumed (478)Goodwill $ 17,590  During the nine months ended December 25, 2021, we paid $0.8 million to the seller of the 2021 acquisition as the lease assignment for one store location was finalized during the period.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Dec. 25, 2021
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 4 – Earnings per Common Share Basic earnings per common share amounts are calculated by dividing income available to common shareholders, after deducting preferred stock dividends, by the weighted average number of shares of common stock outstanding. Diluted earnings per common share amounts are calculated by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding. Common stock equivalents represent potential common shares issuable from the conversion of preferred stock, as well as upon the assumed exercise of common stock options outstanding and from the vesting of restricted stock. Earnings per Common Share Three Months Ended Nine Months Ended(thousands, except per share data) December 25, 2021 December 26, 2020 December 25, 2021 December 26, 2020Numerator for earnings per common share calculation: Net income $ 16,287  $ 6,683  $ 52,953  $ 22,516 Less: Preferred stock dividends (120) (112) (350) (337)Income available to common shareholders $ 16,167  $ 6,571  $ 52,603  $ 22,179 Denominator for earnings per common share calculation: Weighted average common shares - basic 33,542  33,307  33,521  33,296 Effect of dilutive securities: Preferred stock 460  510  460  510 Stock options 13  — 17  16 Restricted stock 41  10  38  18 Weighted average common shares - diluted 34,056  33,827  34,036  33,840  Basic earnings per common share $ 0.48  $ 0.20  $ 1.57  $ 0.67 Diluted earnings per common share $ 0.48  $ 0.20  $ 1.56  $ 0.67  Weighted average common share equivalents that have an anti-dilutive impact are excluded from the computation of diluted earnings per share.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 25, 2021
Income Taxes [Abstract]
Income Taxes	Note 5 – Income Taxes For the three months and nine months ended December 25, 2021, our effective income tax rate was 25.3 percent and 25.5 percent, respectively, compared to 25.2 percent for the three months and nine months ended December 26, 2020, as discrete items, none of which are individually significant, resulted in a larger tax rate benefit in the prior year periods.

Fair Value

Fair Value	9 Months Ended
	Dec. 25, 2021
Fair Value [Abstract]
Fair Value	Note 6 – Fair Value Long-term debt had a carrying amount that approximates a fair value of $195.0 million as of December 25, 2021, as compared to a carrying amount and a fair value of $190.0 million as of March 27, 2021. The carrying value of our debt approximated its fair value due to the variable interest nature of the debt.

Cash Dividend

Cash Dividend	9 Months Ended
	Dec. 25, 2021
Cash Dividend [Abstract]
Cash Dividend	Note 7 – Cash Dividend We paid dividends of $25.7 million during the nine months ended December 25, 2021. Under our Credit Facility, we were permitted to declare, make or pay any dividend or distribution up to $38.5 million in the aggregate for the period from June 30, 2020 to June 30, 2021 if we were in compliance with the financial covenants and other restrictions in the Credit Facility, as amended. The Credit Facility currently does not limit the amount we can pay in dividends. 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. For additional information regarding our Credit Facility, see Note 9.

Revenues

Revenues	9 Months Ended
	Dec. 25, 2021
Revenues [Abstract]
Revenues	Note 8 – Revenues Automotive undercar repair, tire replacement sales and tire related services represent the vast majority of our revenues. We also earn revenue from the sale of tire road hazard warranty agreements as well as commissions earned from the delivery of tires on behalf of certain tire vendors. Revenue from automotive undercar repair, tire replacement sales and tire related services is recognized at the time the customers take possession of their vehicle or merchandise. For sales to certain customers that are financed through the offering of credit on account, payment terms are established for customers based on our pre-established credit requirements. Payment terms vary depending on the customer and generally range from 15 to 45 days. Based on the nature of receivables, no significant financing components exist. Sales are recorded net of discounts, sales incentives and rebates, sales taxes and estimated returns and allowances. We estimate the reduction to sales and cost of sales for returns based on current sales levels and our historical return experience. Such amounts are immaterial to our consolidated financial statements. Revenues Three Months Ended Nine Months Ended(thousands) December 25, 2021 December 26, 2020 December 25, 2021 December 26, 2020Tires (a) $ 190,086  $ 162,442  $ 544,395  $ 454,217 Maintenance 78,363  65,648  248,793  193,754 Brakes 41,556  29,962  135,704  94,015 Steering 25,894  20,464  82,246  60,497 Exhaust 5,107  5,391  17,477  15,533 Other 775  684  2,683  2,221 Total $ 341,781  $ 284,591  $ 1,031,298  $ 820,237 (a) Includes the sale of tire road hazard warranty agreements and tire delivery commissions. Revenue from the sale of tire road hazard warranty agreements is initially deferred and is recognized over the contract period as costs are expected to be incurred in performing such services, typically 21 to 36 months. The deferred revenue balances at December 25, 2021 and March 27, 2021 were $20.1 million and $16.7 million, respectively, of which $13.8 million and $12.0 million, respectively, are reported in Deferred revenue and $6.3 million and $4.7 million, respectively, are reported in Other long-term liabilities in our Consolidated Balance Sheets. Changes in Deferred Revenue (thousands) Balance at March 27, 2021 $ 16,712 Deferral of revenue 15,441 Deferral of revenue from acquisitions 2,181 Recognition of revenue (14,237)Balance at December 25, 2021 $ 20,097  As of December 25, 2021, we expect to recognize $4.5 million of deferred revenue related to road hazard warranty agreements in the remainder of fiscal 2022, $11.2 million of deferred revenue during our fiscal year ending March 25, 2023, and $4.4 million of deferred revenue thereafter. Under various arrangements, we receive from certain tire vendors a delivery commission and reimbursement for the cost of the tire that we may deliver to customers on behalf of the tire vendor. The commission we earn from these transactions is as an agent and the net amount retained is recorded as sales.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Dec. 25, 2021
Long-Term Debt [Abstract]
Long-Term Debt	Note 9 – Long-term Debt In April 2019, we entered into a new five year $600 million revolving credit facility agreement with eight banks (the “Credit Facility”). Interest only is payable monthly throughout the Credit Facility’s term. The borrowing capacity for the Credit Facility of $600 million includes an accordion feature permitting us to request an increase in availability of up to an additional $250 million. The Credit Facility bore interest at 75 to 200 basis points over the London Interbank Offered Rate (“LIBOR”) (or replacement index) or at the prime rate, depending on the type of borrowing and the rates then in effect. On June 11, 2020, we entered into a First Amendment to the Credit Facility (the “First Amendment”), which, among other things, amended the terms of certain of the financial and restrictive covenants in the credit agreement through the first quarter of fiscal 2022 to provide us with additional flexibility to operate our business. The First Amendment amended the interest rate charged on borrowings to be based on the greater of adjusted one-month LIBOR or 0.75 percent. For the period from June 30, 2020 to June 30, 2021, the minimum interest rate spread charged on borrowings was 225 basis points over LIBOR. Additionally, during the same period, we were permitted to declare, make or pay any dividend or distribution up to $38.5 million in the aggregate and the acquisition of stores or other businesses up to $100 million in the aggregate were permitted if we were in compliance with the financial covenants and other restrictions in the First Amendment and Credit Facility. As of July 1, 2021, the ability of our Board of Directors to declare, make or pay any dividend or distribution and our ability to acquire stores or other businesses is no longer restricted by the terms of the Credit Facility, as amended by the First Amendment. The Credit Facility requires fees payable quarterly throughout the term between 0.125 percent and 0.35 percent of the amount of the average net availability under the Credit Facility during the preceding quarter. On October 5, 2021, we entered into a Second Amendment to the Credit Facility (the “Second Amendment”). The Second Amendment, which among other things, amends certain of the financial terms in the Credit Agreement, as amended by the First Amendment. Specifically, the First Amendment had amended the interest rate charged on borrowings to be based on the greater of adjusted one-month LIBOR or 0.75 percent. The Second Amendment amends the interest rate to be based on the greater of adjusted one-month LIBOR or 0.00 percent. In addition, the Second Amendment updates certain provisions regarding a successor interest rate to LIBOR. Except as amended by the First Amendment and Second Amendment, the remaining terms of the credit agreement remain in full force and effect. Within the Credit Facility, we have a sub-facility of $80 million available for the purpose of issuing standby letters of credit. The sub-facility requires fees aggregating 87.5 to 212.5 basis points annually of the face amount of each standby letter of credit, payable quarterly in arrears. There was a $29.6 million outstanding letter of credit at December 25, 2021. There was $195.0 million outstanding and $375.4 million available under the Credit Facility at December 25, 2021. We were in compliance with all debt covenants at December 25, 2021.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 25, 2021
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies Commitments Commitments Due by Period Within 2 to 4 to After(thousands) Total 1 Year 3 Years 5 Years 5 YearsPrincipal payments on long-term debt $ 195,000  $ 195,000  Finance lease commitments/financing obligations (a) 507,093  $ 58,201  113,145  $ 101,795  $ 233,952 Operating lease commitments (a) 271,396  41,202  75,114  60,941  94,139 Accrued rent 786  686  38  26  36 Other liabilities 533  533  — — —Total $ 974,808  $ 100,622  $ 383,297  $ 162,762  $ 328,127  (a)Finance and operating lease commitments represent future undiscounted lease payments and include $104.3 million and $69.9 million, respectively, related to options to extend lease terms that are reasonably certain of being exercised. Contingencies We are currently a party to various claims and legal proceedings incidental to the conduct of our business. If management believes that a loss arising from any of these matters is probable and can reasonably be estimated, we will record the amount of the loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable than another. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Litigation is subject to inherent uncertainties, and unfavorable rulings could occur and may include monetary damages. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which any such ruling occurs, or in future periods. As previously disclosed by the Company, an action was filed against us on June 12, 2020 in the U.S. District Court for the Western District of Pennsylvania by Mark Cerini. The plaintiff, who is a former service store manager, sought certification to represent similarly situated store managers in a nationwide collective action for unpaid overtime wages, damages and attorneys’ fees. Plaintiff alleged violations of the Fair Labor Standards Act and various state laws relating to, among other things, overtime and unpaid wages. The parties entered into a settlement agreement to resolve this matter that was approved by the court. The Company included the settlement amount of $3.7 million in OSG&A expenses in the Company’s Consolidated Statement of Income and Comprehensive Income during fiscal 2022. The Company paid this settlement in the third quarter of fiscal 2022 and does not expect to incur additional expenses with respect to the settlement.

Description Of Business And B_2

Description Of Business And Basis Of Presentation (Policy)	9 Months Ended
	Dec. 25, 2021
Description Of Business And Basis Of Presentation [Abstract]
Description Of Business	Description of business Monro, Inc. and its direct and indirect subsidiaries (together, “Monro”, the “Company”, “we”, “us”, or “our”), are engaged principally in providing automotive undercar repair and tire replacement sales and tire related services in the United States. Monro had 1,303 Company-operated retail stores located in 32 states and 81 franchised locations as of December 25, 2021. A certain number of our retail locations also service commercial customers. Our locations that serve commercial customers generally operate consistently with our other retail locations, except that the sales mix for these locations includes a higher number of commercial tires. As of December 25, 2021, Monro had seven wholesale locations and three retread facilities. The wholesale locations, in most cases, sell tires to customers for resale, although these tire sales do not include installation or other tire related services. The retread facilities re-manufacture tires through the replacement of tread on worn tires that are later sold to customers. Monro’s operations are organized and managed as one single segment designed to offer to our customers replacement tires and tire related services, automotive undercar repair services as well as a broad range of routine maintenance services, primarily on passenger cars, light trucks and vans. We also provide other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension and wheel alignment.
Basis Of Presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to interim financial statements. While these statements reflect all adjustments (consisting of items of a normal recurring nature) that are, in the opinion of management, necessary for a fair presentation of the results of the interim period, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“U.S. GAAP”) for complete financial statement presentation. The consolidated financial statements should be read in conjunction with the financial statement disclosures in our Form 10-K for the fiscal year ended March 27, 2021. We use the same accounting policies in preparing quarterly and annual financial statements. Due to the seasonal nature of our business, quarterly operating results and cash flows are not necessarily indicative of the results that may be expected for other interim periods or the full year.
Fiscal Year	Fiscal year We operate on a 52/53 week fiscal year ending on the last Saturday in March. Fiscal years 2022 and 2021 each contain 52 weeks. Unless specifically indicated otherwise, any references to “2022” or “fiscal 2022” and “2021” or “fiscal 2021” relate to the years ending March 26, 2022 and March 27, 2021, respectively.
Recent Accounting Pronouncements	Recent accounting pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance intended to simplify the accounting for income taxes. The new guidance removes certain exceptions to the general principles in Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes,” and amends existing guidance to improve consistent application. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2020. We adopted this guidance during the first quarter of 2022. The adoption of this guidance did not have a material impact on our consolidated financial statements. Other recent authoritative guidance issued by the FASB (including technical corrections to the ASC) and the SEC did not, or are not expected to have a material effect on Monro’s consolidated financial statements.
Supplemental Information	Supplemental information Property and equipment, net: Property and equipment balances are shown on the Consolidated Balance Sheets net of accumulated depreciation of $405.2 million and $382.7 million as of December 25, 2021 and March 27, 2021, respectively.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Dec. 25, 2021
Fiscal 2022 Acquisitions [Member]
Business Acquisition [Line Items]
Schedule Of Purchase Price Allocation	2022 Acquisition-date Fair Values Assigned (thousands) Inventory $ 1,208 Other current assets 424 Property and equipment 1,455 Finance lease and financing obligation assets 15,568 Operating lease assets 35,815 Intangible assets 3,120 Other non-current assets 79 Long-term deferred income tax assets 4,332  Total assets acquired 62,001 Current portion of finance leases and financing obligations 1,569 Current portion of operating lease liabilities 3,324 Deferred revenue 1,273 Other current liabilities 273 Long-term finance leases and financing obligations 21,584 Long-term operating lease liabilities 39,401 Other long-term liabilities 1,055  Total liabilities assumed 68,479 Total net identifiable liabilities assumed $ (6,478)Total consideration transferred $ 83,175 Less: total net identifiable liabilities assumed (6,478)Goodwill $ 89,653
Fiscal 2021 Acquisitions [Member]
Business Acquisition [Line Items]
Schedule Of Purchase Price Allocation	2021 Acquisition-date Fair Values Assigned (thousands) Inventory $ 1,017 Other current assets 172 Property and equipment 796 Finance lease and financing obligation assets 5,089 Operating lease assets 8,980 Intangible assets 418 Other non-current assets 31 Long-term deferred income tax assets 1,336  Total assets acquired 17,839 Current portion of finance leases and financing obligations 748 Current portion of operating lease liabilities 976 Deferred revenue 697 Other current liabilities 4 Long-term finance leases and financing obligations 7,911 Long-term operating lease liabilities 7,433 Other long-term liabilities 548  Total liabilities assumed 18,317 Total net identifiable liabilities assumed $ (478)Total consideration transferred $ 17,112 Less: total net identifiable liabilities assumed (478)Goodwill $ 17,590

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Dec. 25, 2021
Earnings Per Common Share [Abstract]
Reconciliation Of Basic And Diluted Earnings Per Share	Earnings per Common Share Three Months Ended Nine Months Ended(thousands, except per share data) December 25, 2021 December 26, 2020 December 25, 2021 December 26, 2020Numerator for earnings per common share calculation: Net income $ 16,287  $ 6,683  $ 52,953  $ 22,516 Less: Preferred stock dividends (120) (112) (350) (337)Income available to common shareholders $ 16,167  $ 6,571  $ 52,603  $ 22,179 Denominator for earnings per common share calculation: Weighted average common shares - basic 33,542  33,307  33,521  33,296 Effect of dilutive securities: Preferred stock 460  510  460  510 Stock options 13  — 17  16 Restricted stock 41  10  38  18 Weighted average common shares - diluted 34,056  33,827  34,036  33,840  Basic earnings per common share $ 0.48  $ 0.20  $ 1.57  $ 0.67 Diluted earnings per common share $ 0.48  $ 0.20  $ 1.56  $ 0.67

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Dec. 25, 2021
Revenues [Abstract]
Schedule Of Disaggregated Revenue By Product Group	Revenues Three Months Ended Nine Months Ended(thousands) December 25, 2021 December 26, 2020 December 25, 2021 December 26, 2020Tires (a) $ 190,086  $ 162,442  $ 544,395  $ 454,217 Maintenance 78,363  65,648  248,793  193,754 Brakes 41,556  29,962  135,704  94,015 Steering 25,894  20,464  82,246  60,497 Exhaust 5,107  5,391  17,477  15,533 Other 775  684  2,683  2,221 Total $ 341,781  $ 284,591  $ 1,031,298  $ 820,237 (a) Includes the sale of tire road hazard warranty agreements and tire delivery commissions.
Schedule Of Changes In Deferred Revenue	Changes in Deferred Revenue (thousands) Balance at March 27, 2021 $ 16,712 Deferral of revenue 15,441 Deferral of revenue from acquisitions 2,181 Recognition of revenue (14,237)Balance at December 25, 2021 $ 20,097

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Dec. 25, 2021
Commitments and Contingencies [Abstract]
Schedule Of Payments Due By Period	Commitments Due by Period Within 2 to 4 to After(thousands) Total 1 Year 3 Years 5 Years 5 YearsPrincipal payments on long-term debt $ 195,000  $ 195,000  Finance lease commitments/financing obligations (a) 507,093  $ 58,201  113,145  $ 101,795  $ 233,952 Operating lease commitments (a) 271,396  41,202  75,114  60,941  94,139 Accrued rent 786  686  38  26  36 Other liabilities 533  533  — — —Total $ 974,808  $ 100,622  $ 383,297  $ 162,762  $ 328,127  (a)Finance and operating lease commitments represent future undiscounted lease payments and include $104.3 million and $69.9 million, respectively, related to options to extend lease terms that are reasonably certain of being exercised.

Description Of Business And B_3

Description Of Business And Basis Of Presentation (Narrative) (Details) $ in Millions	9 Months Ended
	Dec. 25, 2021USD ($)storepropertyitemstatesegment	Mar. 27, 2021USD ($)
Description Of Business And Basis Of Presentation [Abstract]
Company operated retail stores | store	1,303
Number of states in which entity operates | state	32
Number of franchised locations | item	81
Number of wholesale locations	7
Number of retread facilities	3
Property and equipment accumulated depreciation | $	$ 405.2	$ 382.7
Number of operating segments | segment	1

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Thousands	Dec. 06, 2021store	Nov. 14, 2021store	Apr. 25, 2021item	Dec. 06, 2020USD ($)store	Dec. 25, 2021USD ($)	Dec. 26, 2020USD ($)	Dec. 25, 2021USD ($)propertystore	Dec. 26, 2020USD ($)
Business Acquisition [Line Items]
Store acquisitions related to acquisition growth strategy | property							5
Customer List and Trade Name [Member]
Business Acquisition [Line Items]
Weighted average useful life							8 years
Maximum [Member]
Business Acquisition [Line Items]
Store acquisitions related to greenfield store growth strategy | property							4
Minimum [Member]
Business Acquisition [Line Items]
Store acquisitions related to greenfield store growth strategy | property							1
KR Jones Enterprises, Inc. [Member]
Business Acquisition [Line Items]
Number of repair stores acquired | store	11
Acquisition date	Dec. 6, 2021
Bud's Tire and Wheel, Inc. [Member]
Business Acquisition [Line Items]
Number of repair stores acquired | store		3
Acquisition date		Nov. 14, 2021
Eagle Auto & Tire, Inc. [Member]
Business Acquisition [Line Items]
Number of repair stores acquired | store		2
Acquisition date		Nov. 14, 2021
Golden Reflections [Member]
Business Acquisition [Line Items]
Number of repair stores acquired | store		1
Acquisition date		Nov. 14, 2021
Mountain View Tire And Service [Member]
Business Acquisition [Line Items]
Number of repair stores acquired | item			30
Acquisition date			Apr. 25, 2021
Costs related to completed acquisitions					$ 200		$ 600
Sales for acquired entities					13,700		$ 33,100
Fred Allen Enterprises, Inc. [Member]
Business Acquisition [Line Items]
Number of repair stores acquired | store				17
Total consideration transferred				$ 17,100
Acquisition date				Dec. 6, 2020
Costs related to completed acquisitions						$ 100
Sales for acquired entities						$ 900
Fred Allen Enterprises, Inc. [Member] | Customer List [Member]
Business Acquisition [Line Items]
Intangible assets				$ 400
Weighted average useful life							7 years
Fiscal 2021 Acquisitions [Member]
Business Acquisition [Line Items]
Total consideration transferred								$ 17,112
Total consideration transferred, portion in cash							$ 800
Number of store lease assignment finalized | store							1
Fiscal 2022 Acquisitions [Member]
Business Acquisition [Line Items]
Total consideration transferred							$ 83,175
Total consideration transferred, portion in cash							81,700
Payable to a seller							1,500
Fiscal 2022 Acquisitions [Member] | Customer List and Trade Name [Member]
Business Acquisition [Line Items]
Intangible assets					$ 3,100		3,100
Fiscal 2022 Acquisitions [Member] | Due Upon Finalization Of Certain Lease Assignment Terms For One Store Location [Member]
Business Acquisition [Line Items]
Payable to a seller							$ 1,100

Acquisitions (Schedule Of Purch

Acquisitions (Schedule Of Purchase Price Allocation) (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Mar. 27, 2021
Purchase price of acquisitions allocation
Goodwill	$ 779,091		$ 689,524
Fiscal 2021 Acquisitions [Member]
Purchase price of acquisitions allocation
Inventory		$ 1,017
Other current assets		172
Property and equipment		796
Finance lease and financing obligation assets		5,089
Operating lease assets		8,980
Intangible assets		418
Other non-current assets		31
Long-term deferred income tax assets		1,336
Total assets acquired		17,839
Current portion of finance leases and financing obligations		748
Current portion of operating lease liabilities		976
Deferred revenue		697
Other current liabilities		4
Long-term finance leases and financing obligations		7,911
Long-term operating lease liabilities		7,433
Other long-term liabilities		548
Total liabilities assumed		18,317
Total net identifiable liabilities assumed		(478)
Total consideration transferred		17,112
Less: total net identifiable liabilities assumed		(478)
Goodwill		$ 17,590
Fiscal 2022 Acquisitions [Member]
Purchase price of acquisitions allocation
Inventory	1,208
Other current assets	424
Property and equipment	1,455
Finance lease and financing obligation assets	15,568
Operating lease assets	35,815
Intangible assets	3,120
Other non-current assets	79
Long-term deferred income tax assets	4,332
Total assets acquired	62,001
Current portion of finance leases and financing obligations	1,569
Current portion of operating lease liabilities	3,324
Deferred revenue	1,273
Other current liabilities	273
Long-term finance leases and financing obligations	21,584
Long-term operating lease liabilities	39,401
Other long-term liabilities	1,055
Total liabilities assumed	68,479
Total net identifiable liabilities assumed	(6,478)
Total consideration transferred	83,175
Less: total net identifiable liabilities assumed	(6,478)
Goodwill	$ 89,653

Earnings Per Common Share (Reco

Earnings Per Common Share (Reconciliation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 25, 2021	Dec. 26, 2020
Numerator for earnings per common share calculation:
Net income	$ 16,287	$ 6,683	$ 52,953	$ 22,516
Less: Preferred stock dividends	(120)	(112)	(350)	(337)
Income available to common shareholders	$ 16,167	$ 6,571	$ 52,603	$ 22,179
Denominator for earnings per common share calculation:
Weighted average common shares - basic	33,542	33,307	33,521	33,296
Effect of dilutive securities:
Preferred stock	460	510	460	510
Weighted average common shares - diluted	34,056	33,827	34,036	33,840
Basic earnings per common share	$ 0.48	$ 0.20	$ 1.57	$ 0.67
Diluted earnings per common share	$ 0.48	$ 0.20	$ 1.56	$ 0.67
Stock Options [Member]
Effect of dilutive securities:
Share based payment arrangements (in shares)	13		17	16
Restricted Stock [Member]
Effect of dilutive securities:
Share based payment arrangements (in shares)	41	10	38	18

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended		9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 25, 2021	Dec. 26, 2020
Income Taxes [Abstract]
Effective income tax rate	25.30%	25.20%	25.50%	25.20%

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Millions	Dec. 25, 2021	Mar. 27, 2021
Fair Value [Abstract]
Carrying amount of long-term debt ( including current portion)	$ 195	$ 190

Cash Dividend (Narrative) (Deta

Cash Dividend (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020
Dividends to shareholders	$ 25,713	$ 22,315
First Amendment To Credit Facility [Member]
Debt instrument, Allowable dividend or distribution in next year	$ 38,500

Revenues (Narrative) (Details)

Revenues (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 25, 2021	Mar. 27, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 20,097	$ 16,712
Deferred revenue, current	13,833	11,956
Deferred revenue, noncurrent	$ 6,300	$ 4,700
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment term	15 days
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment term	45 days
Tire Road Hazard Warranty [Member] | Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognition, contract term	21 months
Tire Road Hazard Warranty [Member] | Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognition, contract term	36 months

Revenues (Performance Obligatio

Revenues (Performance Obligation) (Narrative) (Details) $ in Millions	Dec. 25, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-06-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, performance obligation	$ 4.5
Deferred revenue, timing of satisfaction	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-03-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, performance obligation	$ 11.2
Deferred revenue, timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-03-25
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, performance obligation	$ 4.4
Deferred revenue, timing of satisfaction	1 year

Revenues (Schedule Of Disaggreg

Revenues (Schedule Of Disaggregated Revenue By Product Group) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 25, 2021	Dec. 26, 2020	Dec. 25, 2021	Dec. 26, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 341,781	$ 284,591	$ 1,031,298	$ 820,237
Tires [Member]
Disaggregation of Revenue [Line Items]
Revenues	190,086	162,442	544,395	454,217
Maintenance [Member]
Disaggregation of Revenue [Line Items]
Revenues	78,363	65,648	248,793	193,754
Brakes [Member]
Disaggregation of Revenue [Line Items]
Revenues	41,556	29,962	135,704	94,015
Steering [Member]
Disaggregation of Revenue [Line Items]
Revenues	25,894	20,464	82,246	60,497
Exhaust [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,107	5,391	17,477	15,533
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 775	$ 684	$ 2,683	$ 2,221

Revenues (Schedule Of Changes I

Revenues (Schedule Of Changes In Deferred Revenue) (Details) $ in Thousands	9 Months Ended
	Dec. 25, 2021USD ($)
Revenues [Abstract]
Balance	$ 16,712
Deferral of revenue	15,441
Deferral of revenue from acquisitions	2,181
Recognition of revenue	(14,237)
Balance	$ 20,097

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details)	9 Months Ended
	Dec. 25, 2021USD ($)entity
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility term	5 years
Revolving credit facility agreement	$ 600,000,000
Number of banks involved in credit facility | entity	8
Credit facility, Potential increased availability	$ 250,000,000
Net availability under the credit facility	375,400,000
Amount outstanding under credit facility	195,000,000
First Amendment To Credit Facility [Member]
Debt Instrument [Line Items]
Allowable dividend or distribution	38,500,000
Allowable acquisitions	$ 100,000,000
Interest rate	0.75%
Second Amendment To Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate	0.00%
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Revolving credit facility agreement	$ 80,000,000
Letters of credit outstanding	$ 29,600,000
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Percentage of fees on amount available	0.125%
Minimum [Member] | Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate over LIBOR on the facility	0.75%
Minimum [Member] | First Amendment To Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate over LIBOR on the facility	2.25%
Minimum [Member] | Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Percentage of fees on amount available	0.875%
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Percentage of fees on amount available	0.35%
Maximum [Member] | Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate over LIBOR on the facility	2.00%
Maximum [Member] | Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Percentage of fees on amount available	2.125%

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Millions	9 Months Ended
	Dec. 25, 2021USD ($)
Mark Cerini [Member] | Settled Litigation [Member]
Potential settlement amount included in OSG&A expenses	$ 3.7

Commitments and Contingencies_3

Commitments and Contingencies (Schedule Of Payments Due By Period) (Details) $ in Thousands	9 Months Ended
	Dec. 25, 2021USD ($)
Commitments and Contingencies [Abstract]
Principal payments on long-term debt, Total	$ 195,000
Principal payments on long-term debt, 2 to 3 years	195,000
Finance lease commitments/financing obligations, Total	507,093	[1]
Finance lease commitments/financing obligations, Within 1 Year	58,201	[1]
Finance lease commitments/financing obligations, 2 to 3 Years	113,145	[1]
Finance lease commitments/financing obligations, 4 to 5 Years	101,795	[1]
Finance lease commitments/financing obligations, After 5 Years	233,952	[1]
Operating lease commitments, Total	271,396	[1]
Operating lease commitments, Within 1 year	41,202	[1]
Operating lease commitments, 2 to 3 years	75,114	[1]
Operating lease commitments, 4 to 5 years	60,941	[1]
Operating lease commitments, After 5 years	94,139	[1]
Accrued rent, Total	786
Accrued rent, Within 1 year	686
Accrued rent, 2 to 3 Years	38
Accrued rent, 4 to 5 Years	26
Accrued rent, After 5 Years	36
Other liabilities, Total	533
Other liabilities, Within 1 year	533
Other liabilities, 4 to 5 years
Other liabilities, After 5 years
Contractual commitments, Total	974,808
Contractual commitments, Within 1 year	100,622
Contractual commitments, 2 to 3 years	383,297
Contractual commitments, 4 to 5 years	162,762
Contractual commitments, After 5 years	328,127
Finance lease payments, related to options to extend, reasonable certain of being exercised	104,300
Operating lease payments, related to options to extend, reasonably certain of being exercised	$ 69,900
[1]	Finance and operating lease commitments represent future undiscounted lease payments and include $ 104.3 million and $ 69.9 million, respectively, related to options to extend lease terms that are reasonably certain of being exercised.