Monro (MNRO) 10-Q 31 Oct 13 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

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	28-Sep-13	'	'
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	'	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 28, 2013	Mar. 30, 2013
In Thousands, unless otherwise specified
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

Consolidated_Balance_Sheets_Pa

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	$0.06	$0.06
Preferred stock shares authorized	150,000	150,000
Preferred stock shares issued	32,500	32,500
Preferred stock shares outstanding	32,500	32,500

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	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

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parentheticals) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	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

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Shareholders' Equity (Unaudited) (USD $)	Total	Preferred Stock	Common Stock [Member]	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
In Thousands
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

Consolidated_Statement_of_Chan1

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

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	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

Condensed_Consolidated_Financi

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 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.

Acquisitions

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 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.
	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.

Earnings_Per_Share

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:		$	0.43	$	0.37	$	0.86	$	0.74
	Diluted Earnings per common share:		$	0.42	$	0.36	$	0.84	$	0.72
	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.

Income_Taxes

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 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.

Fair_Value

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.

Supplemental_Disclosure_of_Cas

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.

Cash_Dividend

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.

Subsequent_Events

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.

Acquisitions_Tables

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

Earnings_Per_Share_Tables

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:		$	0.43	$	0.37	$	0.86	$	0.74
	Diluted Earnings per common share:		$	0.42	$	0.36	$	0.84	$	0.72

Supplemental_Disclosure_of_Cas1

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

Condensed_Consolidated_Financi1

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

Acquisitions_Details

Acquisitions (Details) (USD $)	3 Months Ended	6 Months Ended		6 Months Ended
	Sep. 29, 2012	Sep. 29, 2012	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013
				Kramer Acquisition	Colony Acquisition	Tuffy Acquisition	Curry Acquisition	Fiscal Year 2014-Quarter Two Acquisitions	Fiscal Year 2014-Quarter Three Acquisitions	Fiscal Year 2014 - Quarter Two and Three Acquisitions
				numberofstores	numberofstores	numberofstores	numberofstores	numberofstores	numberofstores
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	'	'	'	'	'	'	'	'

Acquisitions_Additional_Inform

Acquisitions Additional Information (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	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

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	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

Income_Taxes_Details

Income Taxes (Details) (USD $)	Sep. 28, 2013	Mar. 30, 2013
In Millions, unless otherwise specified
Income Tax Uncertainties	'	'
Unrecognized tax benefits	$5.50	$5.70
Interest and penalties accrued related to unrecognized tax benefits	$0.40	'

Fair_Value_Details

Fair Value (Details) (USD $)	Sep. 28, 2013	Mar. 30, 2013
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'
Carrying amount of long-term debt ( including current portion)	$119.40	$127.80
Fair value of long-term debt (including current portion)	$119.40	$127.80

Supplemental_Disclosure_of_Cas2

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

Cash_Dividends_Details

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