Monro (MNRO) 10-Q 6 Nov 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 27, 2014	Oct. 24, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Document Period End Date	27-Sep-14	'
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	'--03-28	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Well Known Seasoned Issuer	'Yes	'
Entity Common Stock Shares Outstanding	'	31,575,114
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 27, 2014	Mar. 29, 2014
In Thousands, unless otherwise specified
Current assets	'	'
Cash and equivalents	$7,763	$1,205
Trade receivables	3,153	2,728
Federal and state income taxes receivable	0	2,171
Inventories	142,775	124,920
Deferred income tax assets	13,971	13,710
Other current assets	30,153	23,382
Total current assets	197,815	168,116
Property, plant and equipment	569,862	531,505
Less - Accumulated depreciation and amortization	-259,214	-249,622
Net property, plant and equipment	310,648	281,883
Goodwill	334,649	270,039
Intangible assets	35,012	29,371
Other non-current assets	11,031	10,547
Long-term deferred income tax assets	14,936	0
Total assets	904,091	759,956
Current liabilities	'	'
Current portion of long-term debt, capital leases and financing obligations	9,302	7,552
Trade payables	70,968	53,321
Federal and state income taxes payable	1,677	0
Accrued payroll, payroll taxes and other payroll benefits	19,071	20,206
Accrued insurance	33,750	32,353
Warranty reserves	10,205	9,557
Other current liabilities	13,434	13,752
Total current liabilities	158,407	136,741
Long-term capital leases and financing obligations	128,283	81,199
Long-term debt	151,017	105,841
Accrued rent expense	5,441	5,700
Other long-term liabilities	12,476	11,558
Deferred income tax liabilities	0	140
Long-term income taxes payable	3,129	2,793
Total liabilities	458,753	343,972
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; 37,649,070 and 37,567,902 shares issued at September 27, 2014 and March 29, 2014, respectively	376	376
Treasury Stock, 6,076,951 shares at cost	-90,241	-90,241
Additional paid-in capital	145,980	141,365
Accumulated other comprehensive loss	-3,258	-3,135
Retained earnings	392,432	367,570
Total shareholders' equity	445,338	415,984
Total liabilities and shareholders' equity	$904,091	$759,956

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (Unaudited) (USD $)	Sep. 27, 2014	Mar. 29, 2014
Common stock par value	$0.01	$0.01
Common stock authorized	65,000,000	65,000,000
Common shares issued	37,649,070	37,567,902
Treasury stock	6,076,951	6,076,951
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. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Statements of Comprehensive Income	'	'	'	'
Sales	$221,299	$205,321	$438,806	$411,492
Cost of sales, including distribution and occupancy costs	131,827	123,573	259,311	250,866
Gross profit	89,472	81,748	179,495	160,626
Operating, selling, general and administrative expenses	60,545	57,837	121,158	113,607
Operating income	28,927	23,911	58,337	47,019
Interest expense, net of interest income	2,772	2,048	4,908	3,858
Other income, net	-227	-179	-305	-231
Income before provision for income taxes	26,382	22,042	53,734	43,392
Provision for income taxes	10,052	8,392	20,472	16,171
Net income	16,330	13,650	33,262	27,221
Other comprehensive loss:	'	'	'	'
Changes in pension, net of tax benefit	-62	-177	-123	-177
Comprehensive income	$16,268	$13,473	$33,139	$27,044
Earnings per share	'	'	'	'
Basic	$0.51	$0.43	$1.05	$0.86
Diluted	$0.50	$0.42	$1.01	$0.84

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Shareholders' Equity (USD $)	Total	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
In Thousands, unless otherwise specified
Balance beginning at Mar. 29, 2014	$415,984	$49	$376	($90,241)	$141,365	($3,135)	$367,570
Net income	33,262	'	'	'	'	'	33,262
Other comprehensive loss:	'	'	'	'	'	'	'
Pension liability adjustment (($198) pre-tax)	-123	'	'	'	'	-123	'
Cash dividends:	'	'	'	'	'	'	'
Preferred stock cash dividends	-198	'	'	'	'	'	-198
Common stock cash dividends	-8,202	'	'	'	'	'	-8,202
Stock issuance costs	-14	'	'	'	-14	'	'
Tax benefit from exercise of stock options	546	'	'	'	546	'	'
Exercise of stock options	1,783	'	'	'	1,783	'	'
Stock-based compensation	2,300	'	'	'	2,300	'	'
Balance ending at Sep. 27, 2014	$445,338	$49	$376	($90,241)	$145,980	($3,258)	$392,432

Consolidated_Statement_of_Chan1

Consolidated Statement of Changes in Shareholders' Equity (Parentheticals) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 27, 2014	Jun. 28, 2014	Sep. 27, 2014
DividendsCashAbstract	'	'	'
Preferred stock cash dividends per common stock equivalent	$0.13	$0.13	'
Common stock cash dividends per share	$0.13	$0.13	'
Pension liability adjustment - pre-tax	'	'	'
Pension liability adjustment - pre-tax	'	'	($198)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013
Cash flows from operating activities	'	'
Net income	$33,262	$27,221
Adjustments to reconcile net income to net cash provided by operating activities -	'	'
Depreciation and amortization	17,074	15,331
Loss (gain) on disposal of assets	354	-121
Stock-based compensation expense	2,300	2,253
Excess tax benefits from share-based payment arrangements	-49	-97
Net change in deferred income taxes	542	907
Change in operating assets and liabilities:	'	'
Trade receivables	-420	-257
Inventories	-13,506	-2,426
Other current assets	-6,331	-312
Other non-current assets	95	816
Trade payables	17,647	-1,301
Accrued expenses	1,415	2,675
Federal and state income taxes payable	2,717	2,726
Other long-term liabilities	-760	-118
Long-term income taxes payable	336	-377
Total adjustments	21,414	19,699
Net cash provided by operating activities	54,676	46,920
Cash flows from investing activiites:	'	'
Capital expenditures	-18,720	-13,913
Acquisitions, net of cash acquired	-64,157	-17,013
Proceeds from the disposal of assets	172	74
Net cash used for investing activities	-82,705	-30,852
Cash flows from financing activities:	'	'
Proceeds from borrowings	194,150	168,099
Principal payments on long-term debt, capital leases and financing obligations	-152,995	-179,411
Exercise of stock options	1,783	2,818
Excess tax benefits from share-based payment arrangements	49	97
Dividends to shareholders	-8,400	-7,067
Net cash provided by (used for) financing activities	34,587	-15,464
Increase in cash	6,558	604
Cash at beginning of period	1,205	1,463
Cash at end of period	$7,763	$2,067

Condensed_Consolidated_Financi

Condensed Consolidated Financial Statements	6 Months Ended
	Sep. 27, 2014
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 27, 2014 and March 29, 2014, the consolidated statements of comprehensive income for the quarters and six months ended September 27, 2014 and September 28, 2013, the consolidated statement of changes in shareholders' equity for the six months ended September 27, 2014, and the consolidated statements of cash flows for the six months ended September 27, 2014 and 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 consolidated 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 29, 2014.
	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 2014”               June 29, 2014 – September 27, 2014 (13 weeks)
	“Quarter Ended Fiscal September 2013”               June 30, 2013 – September 28, 2013 (13 weeks)
	“Six Months Ended Fiscal September 2014”              March 30, 2014 – September 27, 2014 (26 weeks)
	“Six Months Ended Fiscal September 2013”              March 31, 2013 – September 28, 2013 (26 weeks)
	Fiscal year 2015, ending March 28, 2015, is a 52 week year.
	Recent Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance for the reporting of discontinued operations. This guidance eliminates certain exceptions from reporting discontinued operations that exist under current guidance, and also requires several new disclosures about disposals that qualify as discontinued operations. This guidance is effective for fiscal years and interim periods within those years beginning on or after December 15, 2014, with early adoption permitted. The adoption of this guidance is not anticipated to have a material effect on Monro's Consolidated Financial Statements.
	In May 2014, the FASB issued new accounting guidance for the reporting of revenue from contracts with customers. This guidance provides guidelines a company will apply to determine the measurement of revenue and timing of when it is recognized. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2016 and early adoption is not permitted. We are currently evaluating the potential effect of the adoption of this guidance on our 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. 27, 2014
Business Combinations [Abstract]	'
Mergers Acquisitions And Dispositions Disclosures [Text Block]	'
	Note 2 – Acquisitions
	Acquisitions are strategic moves in our plan designed, among other things, to fill in and expand our presence in existing and contiguous markets, and leverage fixed operating costs such as distribution and advertising.
	Subsequent Event
	On September 28, 2014, we acquired nine retail tire and automotive repair stores located in Georgia from Wood & Fullerton Stores, LLC. These stores operate under the Mr. Tire name. The acquisition was financed through our existing credit facility.
	Fiscal 2015
	On August 8, 2014, we acquired 35 retail tire and automotive repair stores located in Florida from Hennelly Tire & Auto, Inc. These stores operate under The Tire Choice name. The acquisition was financed through our existing credit facility.
	On June 15, 2014, we acquired ten and nine retail tire and automotive repair stores located in Michigan from Lentz U.S.A. Service Centers, Inc. and Kan Rock Tire Company, Inc., respectively. These stores operate under the Monro Brake & Tire name.
	On April 13, 2014, we acquired two retail tire and automotive repair stores located in New Hampshire from Bald Tire & Auto, Inc. These stores were previously Tire Warehouse franchise locations and continue to operate under the Tire Warehouse name.
	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 trade names, 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 27, 2014. The total costs related to the acquisitions were $.3 million and $.7 million for the three and six months ended September 27, 2014, 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 preliminarily 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 27,
		2014
		(Dollars in thousands)
	Inventories		$	4,384
	Other current assets			437
	Property, plant and equipment			24,588
	Intangible assets			7,755
	Long-term deferred income tax assets			15,167
	Other non-current assets			17
	Total assets acquired			52,348
	Warranty reserves			702
	Other current liabilities			2,468
	Long-term capital leases and financing obligations			48,064
	Other long-term liabilities			1,122
	Total liabilities assumed			52,356
	Total net identifiable assets acquired		$	-8
	Total consideration transferred		$	64,192
	Less: total net identifiable assets acquired			-8
	Goodwill		$	64,200
	The following are the intangible assets acquired and their respective fair values and weighted average useful lives:
				As of
				Acquisition
				Date
				Weighted
			Dollars in	Average
			thousands	Useful Life
	Trade names		$3,548	14 years
	Customer relationships		2,612	7 years
	Favorable leases		1,595	17 years
	Total		$7,755	12 years
	Sales for the fiscal 2015 acquired entities for the three and six months ended September 27, 2014 totaled $9.7 million and $10.6 million, respectively, for the period from acquisition date through September 27, 2014.
	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.
	Fiscal 2014
	As part of the acquisition process, we finalized the purchase accounting for the following fiscal 2014 acquisitions during the second quarter of fiscal 2015:
	Curry's Automotive Group, involving ten retail tire and automotive repair stores located in the Washington D.C. metropolitan area, which were acquired on August 18, 2013, and
	Mitchell Tire Service, involving one retail tire and automotive repair store located in New Jersey which were acquired on August 11, 2013.
	The resulting adjustments were not material to the Consolidated Financial Statements.
	The aggregated fiscal 2014 acquisitions are not material to the Consolidated Financial Statements. Additionally, 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 entity was not owned by Monro.
	We continue to refine the valuation data and estimates primarily related to road hazard warranty, intangible assets, real estate and real property leases for all other fiscal 2014 acquisitions and all fiscal 2015 acquisitions, 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. 27, 2014
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
				2014		2013		2014		2013
			(Dollars in thousands,
			except per share data)
	Numerator for earnings per common share calculation:
	Net Income		$	16,330	$	13,650	$	33,262	$	27,221
	Preferred stock dividends			-99		-83		-198		-167
	Income available to common stockholders		$	16,231	$	13,567	$	33,064	$	27,054
	Denominator for earnings per common share calculation:
	Weighted average common shares, basic			31,561		31,390		31,539		31,346
	Effect of dilutive securities:
		Preferred stock		760		760		760		760
		Stock options		457		403		484		417
	Weighted average common shares, diluted			32,778		32,553		32,783		32,523
	Basic Earnings per common share:		$	0.51	$	0.43	$	1.05	$	0.86
	Diluted Earnings per common share:		$	0.5	$	0.42	$	1.01	$	0.84
	The computation of diluted EPS excludes the effect of the assumed exercise of approximately 126,000 and 125,000 stock options for the three and six months ended fiscal September 27, 2014, respectively, and 95,000 and 149,000 for the three and six months ended September 28, 2013, respectively. 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. 27, 2014
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 $6.2 million and $5.9 million at September 27, 2014 and March 29, 2014, respectively, the majority of which, if recognized, would affect the effective tax rate. As of September 27, 2014, we had approximately $.3 million of interest and penalties accrued related to unrecognized tax benefits.
	We file U.S. federal income tax returns and income tax returns in various state jurisdictions. Our fiscal 2011 through fiscal 2013 U.S. federal tax years and various state tax years remain subject to income tax examinations by tax authorities.

Fair_Value

Fair Value	6 Months Ended
	Sep. 27, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	Note 5 – Fair Value
	Long-term debt, including current portion, had a carrying amount and a fair value of $151.7 million as of September 27, 2014, as compared to a carrying amount and a fair value of $106.5 million as of March 29, 2014. 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. 27, 2014
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 27, 2014:
	In connection with the fiscal 2015 acquisitions, liabilities were assumed as follows:
	Fair value of assets acquired	$	52,348,000
	Goodwill acquired		64,200,000
	Cash paid, net of cash acquired		-64,192,000
	Liabilities assumed	$	52,356,000
	Six Months Ended September 28, 2013:
	In connection with the fiscal 2014 acquisitions, liabilities were assumed as follows:
	Fair value of assets acquired	$	6,511,000
	Goodwill acquired		14,577,000
	Gain on bargain purchase		-217,000
	Cash paid, net of cash acquired		-17,015,000
	Liabilities assumed	$	3,856,000
	These amounts reflect final purchase accounting adjustments for the fiscal 2014 acquisitions. (See Note 2).
	Purchase accounting adjustments related to the fiscal 2014 acquisitions increased goodwill by $.4 million in fiscal 2015.

Cash_Dividend

Cash Dividend	6 Months Ended
	Sep. 27, 2014
DividendsCashAbstract	'
Cash Dividends [Text Block]	'
	Note 7 – Cash Dividend
	In May 2014, our Board of Directors declared its intention to pay a regular quarterly cash dividend during fiscal 2015 of $.13 per common share or common share equivalent to be paid beginning with the first quarter of fiscal 2015. 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. 27, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Note 8 – Subsequent Events
	See Note 2 for a discussion of an acquisition we completed subsequent to September 27, 2014.

Acquisitions_Tables

Acquisitions (Tables)	6 Months Ended
	Sep. 27, 2014
Business Combinations [Abstract]	'
Schedule Of Purchase Price [Table Text Block]	'
		As of September 27,
		2014
		(Dollars in thousands)
	Inventories		$	4,384
	Other current assets			437
	Property, plant and equipment			24,588
	Intangible assets			7,755
	Long-term deferred income tax assets			15,167
	Other non-current assets			17
	Total assets acquired			52,348
	Warranty reserves			702
	Other current liabilities			2,468
	Long-term capital leases and financing obligations			48,064
	Other long-term liabilities			1,122
	Total liabilities assumed			52,356
	Total net identifiable assets acquired		$	-8
	Total consideration transferred		$	64,192
	Less: total net identifiable assets acquired			-8
	Goodwill		$	64,200
ScheduleOfIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock	'
				As of
				Acquisition
				Date
				Weighted
			Dollars in	Average
			thousands	Useful Life
	Trade names		$3,548	14 years
	Customer relationships		2,612	7 years
	Favorable leases		1,595	17 years
	Total		$7,755	12 years

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Sep. 27, 2014
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
				2014		2013		2014		2013
			(Dollars in thousands,
			except per share data)
	Numerator for earnings per common share calculation:
	Net Income		$	16,330	$	13,650	$	33,262	$	27,221
	Preferred stock dividends			-99		-83		-198		-167
	Income available to common stockholders		$	16,231	$	13,567	$	33,064	$	27,054
	Denominator for earnings per common share calculation:
	Weighted average common shares, basic			31,561		31,390		31,539		31,346
	Effect of dilutive securities:
		Preferred stock		760		760		760		760
		Stock options		457		403		484		417
	Weighted average common shares, diluted			32,778		32,553		32,783		32,523
	Basic Earnings per common share:		$	0.51	$	0.43	$	1.05	$	0.86
	Diluted Earnings per common share:		$	0.5	$	0.42	$	1.01	$	0.84

Supplemental_Disclosure_of_Cas1

Supplemental Disclosure of Cash Flow Information (Tables)	6 Months Ended
	Sep. 27, 2014
Supplemental Cash Flow Information Abstract	'
ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock	'
	Fair value of assets acquired	$	52,348,000
	Goodwill acquired		64,200,000
	Cash paid, net of cash acquired		-64,192,000
	Liabilities assumed	$	52,356,000
	Fair value of assets acquired	$	6,511,000
	Goodwill acquired		14,577,000
	Gain on bargain purchase		-217,000
	Cash paid, net of cash acquired		-17,015,000
	Liabilities assumed	$	3,856,000

Condensed_Consolidated_Financi1

Condensed Consolidated Financial Statements (Details)	6 Months Ended
	Sep. 27, 2014
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. 27, 2014	Sep. 27, 2014	Sep. 28, 2013	Sep. 28, 2013	Sep. 27, 2014	Sep. 27, 2014	Sep. 27, 2014	Sep. 27, 2014	Sep. 27, 2014	Sep. 28, 2013
				Curry Acquisition	Hennelly Acquistion [Member]	Lentz Acquisition [Member]	Kan Rock Acquisition [Member]	Bald Tire Acquisition [Member]	Wood & Fullerton Acquisition [Member]	Mitchell Acquisition [Member]
				numberofstores	numberofstores	numberofstores	numberofstores	numberofstores	numberofstores	numberofstores
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'	'
Number of stores acquired	'	'	'	10	35	10	9	2	9	1
Total costs related to acquisitions	$200,000	$600,000	'	'	'	'	'	'	'	'
Sales for the fiscal 2015 acquired entities	9,700,000	10,600,000	'	'	'	'	'	'	'	'
Schedule Of Business Acquisitions Purchase Price Allocation [Line Items]	'	'	'	'	'	'	'	'	'	'
Inventories	4,384,000	4,384,000	'	'	'	'	'	'	'	'
Other current assets	437,000	437,000	'	'	'	'	'	'	'	'
Property, plant and equipment	24,588,000	24,588,000	'	'	'	'	'	'	'	'
Intangible assets	7,755,000	7,755,000	'	'	'	'	'	'	'	'
Long-term deferred income tax assets	15,167,000	15,167,000	'	'	'	'	'	'	'	'
Other non-current assets	17,000	17,000	'	'	'	'	'	'	'	'
Total assets acquired	52,348,000	52,348,000	6,511,000	'	'	'	'	'	'	'
Warranty reserves	702,000	702,000	'	'	'	'	'	'	'	'
Other current liabilities	2,468,000	2,468,000	'	'	'	'	'	'	'	'
Long-term capital leases and financing obligations	48,064,000	48,064,000	'	'	'	'	'	'	'	'
Other long-term liabilities	1,122,000	1,122,000	'	'	'	'	'	'	'	'
Total liabilities assumed	52,356,000	52,356,000	3,856,000	'	'	'	'	'	'	'
Total net identifiable assets acquied	-8,000	-8,000	'	'	'	'	'	'	'	'
Total consideration transferred	64,192,000	64,192,000	'	'	'	'	'	'	'	'
Less: total net identifiable assets acquired	-8,000	-8,000	'	'	'	'	'	'	'	'
Goodwill	$64,200,000	$64,200,000	$14,577,000	'	'	'	'	'	'	'

Acquisitions_Additional_Inform

Acquisitions Additional Information (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014
All finite lived intangible assets	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles	$7,755
Weighted average useful life	'12 years
Trade names	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles	3,548
Weighted average useful life	'14 years
Customer relationships	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles	2,612
Weighted average useful life	'7 years
Favorable leases	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles	$1,595
Weighted average useful life	'17 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. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Numerator For Earnings Per Share Calculation [Abstract]	'	'	'	'
Net income	$16,330	$13,650	$33,262	$27,221
Preferred stock dividends	-99	-83	-198	-167
Income available to common shareholders	$16,231	$13,567	$33,064	$27,054
Denominator for earnings per common share calculation:	'	'	'	'
Weighted average common shares, basic	31,561,000	31,390,000	31,539,000	31,346,000
Effect of dilutive securities:	'	'	'	'
Preferred stock	760,000	760,000	760,000	760,000
Stock options	457,000	403,000	484,000	417,000
Weighted average number of common shares, diluted	32,778,000	32,553,000	32,783,000	32,523,000
Basic Earnings per common share:	$0.51	$0.43	$1.05	$0.86
Diluted Earnings per common share:	$0.50	$0.42	$1.01	$0.84
Antidilutive securities excluded from computation of earnings per share	126,000	95,000	125,000	149,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	Sep. 27, 2014	Mar. 29, 2014
In Millions, unless otherwise specified
Income Tax Uncertainties	'	'
Unrecognized tax benefits	$6.20	$5.90
Interest and penalties accrued related to unrecognized tax benefits	$0.30	'

Fair_Value_Details

Fair Value (Details) (USD $)	Sep. 27, 2014	Mar. 29, 2014
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'
Carrying amount of long-term debt ( including current portion)	$151.70	$106.50
Fair value of long-term debt (including current portion)	$151.70	$106.50

Supplemental_Disclosure_of_Cas2

Supplemental Disclosure of Cash Flow Information (Details) (USD $)	6 Months Ended
	Sep. 28, 2013	Sep. 27, 2014
Supplemental Cash Flow [Line Items]	'	'
Fair value of assets acquired	$6,511,000	$52,348,000
Goodwill acquired	14,577,000	64,200,000
Cash paid, net of cash acquired	-17,015,000	-64,192,000
Gain on bargain purchase	-217,000	'
Liabilities assumed	3,856,000	52,356,000
Goodwill Purchase Price Adjustment	'	$400,000

Cash_Dividends_Details

Cash Dividends (Details) (USD $)	3 Months Ended
	Mar. 28, 2015	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014
DividendsCashAbstract	'	'	'	'
Common stock cash dividends per share declared	$0.13	$0.13	$0.13	$0.13