Monro (MNRO) 10-Q 9 Aug 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2018	Jul. 27, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	MONRO, INC.
Entity Central Index Key	876,427
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--03-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		32,885,752

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018
Current assets:
Cash and equivalents	$ 12,662	$ 1,909
Trade receivables	16,979	11,582
Federal and state income taxes receivable	728	4,185
Inventories	158,049	152,367
Other current assets	38,473	37,213
Total current assets	226,891	207,256
Property, plant and equipment	785,731	767,864
Less - Accumulated depreciation and amortization	(360,858)	(351,195)
Net property, plant and equipment	424,873	416,669
Goodwill	533,507	522,892
Intangible assets	55,877	49,143
Other non-current assets	10,681	10,997
Long-term deferred income tax assets	10,454	11,475
Total assets	1,262,283	1,218,432
Current liabilities:
Current portion of long-term debt, capital leases and financing obligations	20,128	18,989
Trade payables	90,683	84,568
Accrued payroll, payroll taxes and other payroll benefits	25,917	20,197
Accrued insurance	37,383	36,739
Warranty reserves	12,354	12,381
Other current liabilities	20,957	21,131
Total current liabilities	207,422	194,005
Long-term debt	158,040	148,068
Long-term capital leases and financing obligations	232,625	227,220
Accrued rent expense	4,183	4,530
Other long-term liabilities	13,604	14,141
Long-term income taxes payable	2,190	1,992
Total liabilities	618,064	589,956
Commitments and contingencies
Shareholders' equity:
Class C Convertible Preferred Stock, $1.50 par value, $.064 conversion value; 150,000 shares authorized; 21,802 shares issued and outstanding	33	33
Common Stock, $.01 par value, 65,000,000 shares authorized; 39,204,404 and 39,166,392 shares issued at June 30, 2018 and March 31, 2018, respectively	392	392
Treasury Stock, 6,337,747 and 6,330,008 shares at June 30, 2018 and March 31, 2018, respectively, at cost	(107,008)	(106,563)
Additional paid-in capital	201,883	199,576
Accumulated other comprehensive loss	(4,325)	(4,248)
Retained earnings	553,244	539,286
Total shareholders' equity	644,219	628,476
Total liabilities and shareholders' equity	$ 1,262,283	$ 1,218,432

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Mar. 31, 2018
Consolidated Balance Sheets [Abstract]
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 authorized	150,000	150,000
Class C convertible preferred stock shares issued	21,802	21,802
Class C convertible preferred stock shares outstanding	21,802	21,802
Common stock par value	$ 0.01	$ 0.01
Common stock shares authorized	65,000,000	65,000,000
Common stock shares issued	39,204,404	39,166,392
Treasury stock shares	6,337,747	6,330,008

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2018	Jun. 24, 2017
Consolidated Statements Of Comprehensive Income [Abstract]
Sales	$ 295,811	$ 278,491
Cost of sales, including distribution and occupancy costs	178,573	165,607
Gross profit	117,238	112,884
Operating, selling, general and administrative expenses	84,166	79,135
Operating income	33,072	33,749
Interest expense, net of interest income	6,580	5,742
Other income, net	(227)	(11)
Income before provision for income taxes	26,719	28,018
Provision for income taxes	6,075	10,433
Net income	20,644	17,585
Other comprehensive loss, net of tax:
Changes in pension, net of tax benefit	(77)	(50)
Comprehensive income	$ 20,567	$ 17,535
Earnings per share:
Basic	$ 0.63	$ 0.53
Diluted	$ 0.62	$ 0.53
Weighted average number of common shares outstanding used in computing earnings per share:
Basic	32,853	32,704
Diluted	33,457	33,292

Consolidated Statement Of Chang

Consolidated Statement Of Changes in Shareholders' Equity - 3 months ended Jun. 30, 2018 - 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. 31, 2018		$ 33	$ 392	$ (106,563)	$ 199,576	$ (4,248)	$ 539,286	$ 628,476
Beginning balance, preferred shares at Mar. 31, 2018		21,802						21,802
Beginning balance, common shares at Mar. 31, 2018			39,166,000	6,330,000
Net income							20,644	$ 20,644
Other comprehensive loss:
Pension liability adjustment [($101) pre-tax]						(77)		(77)
Cash dividends:
Preferred dividends	[1]						(102)	(102)
Common dividends	[1]						(6,572)	(6,572)
Dividend payable							(12)	(12)
Exercise of stock options				$ (445)	1,223			778
Exercise of stock options, shares			38,000	8,000
Stock-based compensation					1,084			1,084
Balance ending at Jun. 30, 2018		$ 33	$ 392	$ (107,008)	$ 201,883	$ (4,325)	$ 553,244	$ 644,219
Ending balance, preferred shares at Jun. 30, 2018		21,802						21,802
Ending balance, common shares at Jun. 30, 2018			39,204,000	6,338,000
[1]	First quarter fiscal year 2019 dividend payment of $.20 per common share or common share equivalent paid on June 14, 2018.

Consolidated Statement Of Chan6

Consolidated Statement Of Changes in Shareholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	Jun. 30, 2018USD ($)$ / shares
Consolidated Statement of Changes in Shareholders' Equity [Abstract]
Common stock cash dividends per share | $ / shares	$ 0.20
Pension liability adjustment - pre-tax | $	$ (101)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2018	Jun. 24, 2017
Cash flows from operating activities:
Net income	$ 20,644	$ 17,585
Adjustments to reconcile net income to net cash provided by operating activities -
Depreciation and amortization	13,227	11,839
Loss (gain) on disposal of assets	397	(121)
Stock-based compensation expense	1,084	488
Net change in deferred income taxes	2,082	2,190
Change in operating assets and liabilities (excluding acquisitions):
Trade receivables	(3,562)	(896)
Inventories	2,275	(3,300)
Other current assets	(1,465)	(2,398)
Other non-current assets	887	997
Trade payables	6,115	12,113
Accrued expenses	5,756	(5,149)
Federal and state income taxes payable	3,457	7,910
Other long-term liabilities	(924)	(45)
Long-term income taxes payable	198	228
Total adjustments	29,527	23,856
Net cash provided by operating activities	50,171	41,441
Cash flows from investing activities:
Capital expenditures	(11,440)	(6,736)
Acquisitions, net of cash acquired	(27,518)	(3,971)
Proceeds from the disposal of assets	303	93
Net cash used for investing activities	(38,655)	(10,614)
Cash flows from financing activities:
Proceeds from borrowings	108,668	80,310
Principal payments on long-term debt, capital leases and financing obligations	(103,535)	(108,250)
Exercise of stock options	778	653
Dividends paid	(6,674)	(5,982)
Net cash used for financing activities	(763)	(33,269)
Increase (decrease) in cash	10,753	(2,442)
Cash at beginning of period	1,909	8,995
Cash at end of year	$ 12,662	$ 6,553

Condensed Consolidated Financia

Condensed Consolidated Financial Statements	3 Months Ended
	Jun. 30, 2018
Condensed Consolidated Financial Statements [Abstract]
Condensed Consolidated Financial Statements	Note 1 – Condensed Consolidated Financial Statements  The consolidated balance sheets as of June 30, 2018 and March 31, 2018, the consolidated statements of comprehensive income and cash flows for the quarters ended June 30, 2018 and June 24, 2017, and the consolidated statement of changes in shareholders’ equity for the quarter ended June 30, 2018, include financial information for Monro, Inc. and its wholly-owned subsidiaries, Monro Service Corporation and Car-X, LLC (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 Quarterly Report on 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 fiscal year ended March 31, 2018.  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 June 2018” April 1, 2018 – June 30, 2018 (13 weeks) “Quarter Ended Fiscal June 2017” March 26, 2017 – June 24, 2017 (13 weeks)  Fiscal 2019, ending March 30, 2019, is a 52 week year.  Monro’s operations are organized and managed in one operating segment. The internal management financial reporting that is the basis for evaluation in order to assess performance and allocate resources by our chief operating decision maker consists of consolidated data that includes the results of our retail, commercial and wholesale locations. As such, our one operating segment reflects how our operations are managed, how resources are allocated, how operating performance is evaluated by senior management and the structure of our internal financial reporting.  Recent Accounting Pronouncements  In May 2014, the Financial Accounting Standards Board (“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. Additional guidance has subsequently been issued to amend or clarify the reporting of revenue from contracts with customers. The guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted. We adopted this guidance and all related amendments during the first quarter of fiscal 2019 using the modified retrospective approach. The adoption of the guidance did not have a material impact on our Consolidated Financial Statements. See Note 7 for additional information.  In February 2016, the FASB issued new accounting guidance related to leases. This guidance establishes a right of use (“ROU”) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Additional guidance has subsequently been issued in order to provide an additional transition method as well as an additional practical expedient to be available upon adoption. We are required to adopt the new lease guidance utilizing one of two methods: retrospective restatement for each reporting period presented at time of adoption, or a modified retrospective approach with the cumulative effect of initially applying this guidance recognized at the date of initial application. Under the modified retrospective approach, prior periods would not be restated. Early adoption is permitted, but we have not early adopted this guidance. We expect that the new lease standard will have a material impact on our Consolidated Financial Statements. While we are continuing to assess the effects of adoption, we currently believe the most significant changes relate to the recognition of new ROU assets and lease liabilities on the Consolidated Balance Sheet for real property operating leases as approximately 50% of our store leases and all of our land leases are currently not recorded on our balance sheet. We expect that substantially all of our operating lease commitments will be subject to the new guidance and will be recognized as operating lease liabilities and ROU assets upon adoption. Absent potential acquisitions, we do not anticipate any significant changes in the volume of our leasing activity until the period of adoption.  In August 2016, the FASB issued new accounting guidance related to cash flow classification. This guidance clarifies and provides specific guidance on eight cash flow classification issues that are not addressed by current generally accepted accounting principles (“GAAP”) and thereby reduce the current diversity in practice. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted. We adopted this guidance during the first quarter of fiscal 2019. The adoption of the guidance did not have a material impact on our Consolidated Financial Statements.  In January 2017, the FASB issued new accounting guidance which clarifies the definition of a business, particularly when evaluating whether transactions should be accounted for as acquisitions or dispositions of assets or businesses. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted for certain transactions. We adopted this guidance during the first quarter of fiscal 2019. The adoption of the guidance did not have a material impact on our Consolidated Financial Statements. In January 2017, the FASB issued new accounting guidance simplifying the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test, which required the determination of an implied fair value of goodwill. Under this guidance, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. This guidance is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We have not early adopted this guidance. This guidance is not expected to have a material impact on our Consolidated Financial Statements.  In March 2017, the FASB issued accounting guidance that amends how employers present the net benefit cost in the income statement. The new guidance requires employers to disaggregate and present separately the current service cost component from the other components of the net benefit cost within the Consolidated Statement of Comprehensive Income. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017, and should be applied retrospectively. Early adoption was permitted. We adopted this guidance during the first quarter of fiscal 2019. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements.  In May 2017, the FASB issued new accounting guidance which clarifies when to account for a change to the terms or conditions of a share based payment award as a modification. Under this guidance, modification is required only if the fair value, the vesting conditions, or the classification of an award as equity or liability changes as a result of the change in terms or conditions. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted. We adopted this guidance during the first quarter of fiscal 2019. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements.  In June 2018, the FASB issued new accounting guidance that amends the accounting for nonemployee share-based awards. Under the new guidance, the existing guidance related to the accounting for employee share-based awards will apply to nonemployee share-based transactions, with certain exceptions. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2018. Early adoption is permitted. We are currently evaluating the potential impact 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 our Consolidated Financial Statements.  Guarantees  At the time we issue a guarantee, we recognize an initial liability for the fair value, or market value, of the obligation we assume under that guarantee. Monro has guaranteed certain lease payments, primarily related to franchisees, amounting to $3.1 million. This amount represents the maximum potential amount of future payments under the guarantees as of June 30, 2018. The leases are guaranteed through April 2020. In the event of default by the franchise owner, Monro generally retains the right to assume the lease of the related store, enabling Monro to re-franchise the location or to operate that location as a Company-operated store. We have recorded a liability related to anticipated defaults under the foregoing leases of $.1 million and $.2 million as of June 30, 2018 and March 31, 2018, respectively.

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2018
Acquisitions [Abstract]
Acquisitions	Note 2 – Acquisitions  Monro’s 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, advertising and administration. Acquisitions in this footnote include acquisitions of five or more locations as well as acquisitions of one to four locations that are part of the Company’s greenfield store growth strategy.  Subsequent Events  We have signed definitive asset purchase agreements to complete the acquisition of 12 retail/commercial tire and automotive repair stores located primarily within our existing markets. These transactions are expected to close during the second quarter of fiscal 2019 and are expected to be financed through our existing credit facility.  On July 15, 2018 , we acquired one retail tire and automotive repair store located in Pennsylvania from Mayfair Tire & Service Center, Inc. This store operates under the Mr. Tire name. The acquisition was financed through our existing credit facility.  On July 8, 2018 , we acquired eight retail tire and automotive repair stores in Missouri from Sawyer Tire, Inc. These stores operate under the Car-X name. The acquisition was financed through our existing credit facility.  Fiscal 2019  During the first quarter of fiscal 2019, we acquired the following businesses for an aggregate purchase price of $27.3 million. The acquisitions were financed through our existing credit facility. The results of operations for these acquisitions are included in our financial results from the respective acquisition dates.  · On May 13, 2018 , we acquired 12 retail/commercial tire and automotive repair stores and one retread facility located in Tennessee, as well as four wholesale locations in North Carolina, Tennessee and Virginia, from Free Service Tire Company, Incorporated. These locations operate under the Free Service Tire name.  · On April 1, 2018 , we acquired four retail tire and automotive repair stores located in Minnesota from Liberty Auto Group, Inc. These stores operate under the Car-X name.  These acquisitions resulted in goodwill related to, among other things, growth opportunities, synergies and economies of scale expected from combining these businesses with ours, as well as 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 lists, favorable leases and a trade name.  We expensed all costs related to acquisitions in the quarter ended June 30, 2018. The total costs related to completed acquisitions were $.2 million for the quarter ended June 30, 2018. These costs are included in the Consolidated Statements of Comprehensive Income primarily under operating, selling, general and administrative expenses.  Sales for the fiscal 2019 acquired entities for the quarter ended June 30, 2018 totaled $5.4 million for the period from acquisition date through June 30, 2018.  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.  The preliminary fair values of identifiable assets acquired and liabilities assumed were based on preliminary valuations and estimates. The excess of the net purchase price over net identifiable assets acquired was recorded as goodwill. The preliminary allocation of the aggregate purchase price as of June 30, 2018 was as follows:      As of Acquisition Date  (Dollars in thousands)  Trade receivables $ 1,834  Inventories 7,949  Other current assets 138  Property, plant and equipment 5,015  Intangible assets 8,677  Long-term deferred income tax assets 1,036  Total assets acquired 24,649  Warranty reserves 115  Other current liabilities 985  Long-term capital leases and financing obligations 6,320  Other long-term liabilities 189  Total liabilities assumed 7,609  Total net identifiable assets acquired $ 17,040  Total consideration transferred $ 27,313  Less: total net identifiable assets acquired 17,040  Goodwill $ 10,273  The following are the intangible assets acquired and their respective fair values and weighted average useful lives:      As of Acquisition Date  Dollars in thousands Weighted Average Useful Life  Customer lists $ 7,047 15 years  Favorable leases 1,230 10 years  Trade name 400 2 years  Total $ 8,677 14 years  Fiscal 2018  During the first quarter of fiscal 2018, we acquired the following businesses for an aggregate purchase price of $3.7 million. The acquisitions were financed through our existing credit facility. The results of operations for these acquisitions are included in our financial results from the respective acquisition dates.  · On June 11, 2017 , we acquired two retail tire and automotive repair stores located in Minnesota and Wisconsin from J & R Diversified, Inc. These stores operate under the Car-X name.  · On June 11, 2017 , we acquired one retail tire and automotive repair store located in Ohio from Michael N. McGroarty, Inc. This store operates under the Mr. Tire name.  · On June 2, 2017 , we acquired one retail tire and automotive repair store located in Connecticut from Tires Plus LLC. This store operates under the Monro name.  · On May 21, 2017 , we acquired one retail tire and automotive repair store located in Ohio from Bob Sumerel Tire Co., Inc. This store operates under the Mr. Tire name.  · On April 23, 2017 , we acquired one retail tire and automotive repair store located in Florida from Collier Automotive Group, Inc. This store operates under The Tire Choice name.  These acquisitions resulted in goodwill related to, among other things, growth opportunities, synergies and economies of scale expected from combining these businesses with ours, as well as 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 favorable leases and customer lists.  We expensed all costs related to acquisitions in the quarter ended June 24, 2017. The total costs related to completed acquisitions were immaterial for the quarter ended June 24, 2017. These costs are included in the Consolidated Statements of Comprehensive Income primarily under operating, selling, general and administrative expenses.  Sales for the fiscal 2018 acquired entities for the quarter ended June 24, 2017 totaled $.5 million for the period from acquisition date through June 24, 2017.  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 have recorded the identifiable assets acquired and liabilities assumed at their fair values as of their respective acquisition dates (including any measurement period adjustments), with the remainder recorded as goodwill as follows:      As of Acquisition Date  (Dollars in thousands)  Inventories $ 181  Other current assets 20  Property, plant and equipment 1,295  Intangible assets 436  Other non-current assets 7  Long-term deferred income tax assets 625  Total assets acquired 2,564  Warranty reserves 29  Other current liabilities 252  Long-term capital leases and financing obligations 2,482  Other long-term liabilities 22  Total liabilities assumed 2,785  Total net identifiable liabilities assumed $ (221)  Total consideration transferred $ 3,728  Less: total net identifiable liabilities assumed (221)  Goodwill $ 3,949  The following are the intangible assets acquired and their respective fair values and weighted average useful lives:     As of Acquisition Date  Dollars in thousands Weighted Average Useful Life  Favorable leases $ 270 10 years  Customer lists 166 7 years  Total $ 436 9 years  As a result of the updated purchase price allocations for the entities acquired during the fiscal year ended March 31, 2018, certain of the fair value amounts previously estimated were adjusted during the measurement period. These measurement period adjustments related to updated valuation reports and appraisals received from our external valuation specialists, as well as revisions to internal estimates. The changes in estimates include a decrease in inventories of $.1 million and a decrease in property, plant and equipment of $.2 million. The measurement period adjustments resulted in an increase of goodwill of $.3 million.  The measurement period adjustments were not material to the Consolidated Statement of Comprehensive Income for the quarter ended June 24, 2017.  We continue to refine the valuation data and estimates primarily related to inventory, road hazard warranty, intangible assets, real estate, and real property leases for fiscal 2018 acquisitions which closed subsequent to June 24, 2017 and the fiscal 2019 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 Common Share

Earnings Per Common Share	3 Months Ended
	Jun. 30, 2018
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 3 – Earnings per Common Share  Basic earnings per common share amounts are computed by dividing income available to common shareholders, after deducting preferred stock dividends, by the average number of common shares outstanding. Diluted earnings per common share amounts assume the issuance of common stock for all potentially dilutive equivalent securities outstanding.  The following is a reconciliation of basic and diluted earnings per common share for the respective periods:      Quarter Ended  Fiscal June  2018 2017  (Dollars in thousands,  except per share data)  Numerator for earnings per common share calculation:  Net income $ 20,644 $ 17,585  Less: Preferred stock dividends (102) (92)  Income available to common stockholders $ 20,542 $ 17,493  Denominator for earnings per common share calculation:  Weighted average common shares, basic 32,853 32,704  Effect of dilutive securities:  Preferred stock 510 510  Stock options 68 78  Restricted stock 26 —  Weighted average number of common shares, diluted 33,457 33,292  Basic earnings per common share: $ .63 $ .53  Diluted earnings per common share: $ .62 $ .53  The computation of diluted earnings per common share excludes the effect of the assumed exercise of approximately 486,000 and 655,000 stock options for the three months ended fiscal June 30, 2018 and June 24, 2017, respectively. Such amounts were excluded as the exercise price of these stock options was greater than the average market value of our common stock for those periods, resulting in an anti-dilutive effect on diluted earnings per common share.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2018
Income Taxes [Abstract]
Income Taxes	Note 4 – Income Taxes  On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was signed into law. The Tax Act significantly changes U.S. corporate income taxes. Additionally, in December 2017, the SEC issued guidance related to the income tax accounting implications of the Tax Act. This guidance provides a measurement period, which extends no longer than one year from the enactment date of the Tax Act, during which a company may complete its accounting for the income tax accounting implications of the Tax Act. In accordance with this guidance, we recorded a provisional net tax expense adjustment for the year ended March 31, 2018. See Note 7 of our Consolidated Financial Statements included in our 2018 Annual Report on Form 10-K for further information.  We did not record any material adjustments to this provisional amount for the three months ended June 30, 2018. However, as we complete our analysis of the Tax Act and incorporate additional guidance that may be issued by the U.S. Treasury Department, the IRS and other standard-setting bodies, we may adjust the recorded provisional amounts in subsequent reporting periods. Those adjustments may materially impact our provision for income taxes and effective tax rate in the period in which the adjustments are made.  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 $6.4 million and $6.2 million at June 30, 2018 and March 31, 2018, respectively, the majority of which, if recognized, would affect our effective tax rate. Additionally, we have accrued interest and penalties related to unrecognized tax benefits of approximately $.4 million as of June 30, 2018 and March 31, 2018.  We file U.S. federal income tax returns and income tax returns in various state jurisdictions. Our fiscal 2015 and fiscal 2017 U.S. federal tax years and various state tax years remain subject to income tax examinations by tax authorities. We are currently under audit by the Internal Revenue Service for the fiscal 2016 tax year.

Fair Value

Fair Value	3 Months Ended
	Jun. 30, 2018
Fair Value [Abstract]
Fair Value	Note 5 – Fair Value  Long-term debt had a carrying amount and a fair value of $158.1 million as of June 30, 2018 , as compared to a carrying amount and a fair value of $148.1 million as of March 31, 2018 . 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.

Cash Dividend

Cash Dividend	3 Months Ended
	Jun. 30, 2018
Cash Dividend [Abstract]
Cash Dividend	Note 6 – Cash Dividend  In May 2018, our Board of Directors declared its intention to pay a regular quarterly cash dividend during fiscal 2019 of $.20 per common share or common share equivalent beginning with the first quarter of fiscal 2019. We paid dividends of $6.7 million during the three months ended June 30, 2018. 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.

Revenues

Revenues	3 Months Ended
	Jun. 30, 2018
Revenues [Abstract]
Revenues	Note 7 – Revenues  Automotive undercar repair, tire sales and tire 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 sales and tire 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.  Revenue from the sale of tire road hazard warranty agreements (included in the Tires product group in the table below) 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.  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. (Included in the Tires product group in the table below.)  The following table summarizes disaggregated revenue by product group:      Quarter Ended  Fiscal June  2018 2017  (Dollars in thousands)  Revenues:  Brakes $ 42,748 $ 38,555  Exhaust 7,076 6,934  Steering 25,059 23,854  Tires 141,103 132,509  Maintenance 79,010 75,722  Other 815 917  Total $ 295,811 $ 278,491

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 8 – Subsequent Events  See Note 2 for a discussion of acquisitions subsequent to June 30, 2018.

Condensed Consolidated Financ16

Condensed Consolidated Financial Statements (Policy)	3 Months Ended
	Jun. 30, 2018
Condensed Consolidated Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements  In May 2014, the Financial Accounting Standards Board (“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. Additional guidance has subsequently been issued to amend or clarify the reporting of revenue from contracts with customers. The guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted. We adopted this guidance and all related amendments during the first quarter of fiscal 2019 using the modified retrospective approach. The adoption of the guidance did not have a material impact on our Consolidated Financial Statements. See Note 7 for additional information.  In February 2016, the FASB issued new accounting guidance related to leases. This guidance establishes a right of use (“ROU”) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Additional guidance has subsequently been issued in order to provide an additional transition method as well as an additional practical expedient to be available upon adoption. We are required to adopt the new lease guidance utilizing one of two methods: retrospective restatement for each reporting period presented at time of adoption, or a modified retrospective approach with the cumulative effect of initially applying this guidance recognized at the date of initial application. Under the modified retrospective approach, prior periods would not be restated. Early adoption is permitted, but we have not early adopted this guidance. We expect that the new lease standard will have a material impact on our Consolidated Financial Statements. While we are continuing to assess the effects of adoption, we currently believe the most significant changes relate to the recognition of new ROU assets and lease liabilities on the Consolidated Balance Sheet for real property operating leases as approximately 50% of our store leases and all of our land leases are currently not recorded on our balance sheet. We expect that substantially all of our operating lease commitments will be subject to the new guidance and will be recognized as operating lease liabilities and ROU assets upon adoption. Absent potential acquisitions, we do not anticipate any significant changes in the volume of our leasing activity until the period of adoption.  In August 2016, the FASB issued new accounting guidance related to cash flow classification. This guidance clarifies and provides specific guidance on eight cash flow classification issues that are not addressed by current generally accepted accounting principles (“GAAP”) and thereby reduce the current diversity in practice. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted. We adopted this guidance during the first quarter of fiscal 2019. The adoption of the guidance did not have a material impact on our Consolidated Financial Statements.  In January 2017, the FASB issued new accounting guidance which clarifies the definition of a business, particularly when evaluating whether transactions should be accounted for as acquisitions or dispositions of assets or businesses. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted for certain transactions. We adopted this guidance during the first quarter of fiscal 2019. The adoption of the guidance did not have a material impact on our Consolidated Financial Statements. In January 2017, the FASB issued new accounting guidance simplifying the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test, which required the determination of an implied fair value of goodwill. Under this guidance, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. This guidance is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We have not early adopted this guidance. This guidance is not expected to have a material impact on our Consolidated Financial Statements.  In March 2017, the FASB issued accounting guidance that amends how employers present the net benefit cost in the income statement. The new guidance requires employers to disaggregate and present separately the current service cost component from the other components of the net benefit cost within the Consolidated Statement of Comprehensive Income. This guidance is effective for fiscal years and interim periods beginning after December 15, 2017, and should be applied retrospectively. Early adoption was permitted. We adopted this guidance during the first quarter of fiscal 2019. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements.  In May 2017, the FASB issued new accounting guidance which clarifies when to account for a change to the terms or conditions of a share based payment award as a modification. Under this guidance, modification is required only if the fair value, the vesting conditions, or the classification of an award as equity or liability changes as a result of the change in terms or conditions. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption was permitted. We adopted this guidance during the first quarter of fiscal 2019. The adoption of this guidance did not have a material impact on our Consolidated Financial Statements.  In June 2018, the FASB issued new accounting guidance that amends the accounting for nonemployee share-based awards. Under the new guidance, the existing guidance related to the accounting for employee share-based awards will apply to nonemployee share-based transactions, with certain exceptions. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2018. Early adoption is permitted. We are currently evaluating the potential impact 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 our Consolidated Financial Statements. 
Guarantees	Guarantees  At the time we issue a guarantee, we recognize an initial liability for the fair value, or market value, of the obligation we assume under that guarantee. Monro has guaranteed certain lease payments, primarily related to franchisees, amounting to $3.1 million. This amount represents the maximum potential amount of future payments under the guarantees as of June 30, 2018. The leases are guaranteed through April 2020. In the event of default by the franchise owner, Monro generally retains the right to assume the lease of the related store, enabling Monro to re-franchise the location or to operate that location as a Company-operated store. We have recorded a liability related to anticipated defaults under the foregoing leases of $.1 million and $.2 million as of June 30, 2018 and March 31, 2018, respectively.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Jun. 30, 2018
Fiscal 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Schedule Of Purchase Price Allocation	   As of Acquisition Date  (Dollars in thousands)  Inventories $ 181  Other current assets 20  Property, plant and equipment 1,295  Intangible assets 436  Other non-current assets 7  Long-term deferred income tax assets 625  Total assets acquired 2,564  Warranty reserves 29  Other current liabilities 252  Long-term capital leases and financing obligations 2,482  Other long-term liabilities 22  Total liabilities assumed 2,785  Total net identifiable liabilities assumed $ (221)  Total consideration transferred $ 3,728  Less: total net identifiable liabilities assumed (221)  Goodwill $ 3,949 
Schedule Of Intangible Assets Acquired	   As of Acquisition Date  Dollars in thousands Weighted Average Useful Life  Favorable leases $ 270 10 years  Customer lists 166 7 years  Total $ 436 9 years 
Fiscal 2019 Acquisitions [Member]
Business Acquisition [Line Items]
Schedule Of Purchase Price Allocation	   As of Acquisition Date  (Dollars in thousands)  Trade receivables $ 1,834  Inventories 7,949  Other current assets 138  Property, plant and equipment 5,015  Intangible assets 8,677  Long-term deferred income tax assets 1,036  Total assets acquired 24,649  Warranty reserves 115  Other current liabilities 985  Long-term capital leases and financing obligations 6,320  Other long-term liabilities 189  Total liabilities assumed 7,609  Total net identifiable assets acquired $ 17,040  Total consideration transferred $ 27,313  Less: total net identifiable assets acquired 17,040  Goodwill $ 10,273 
Schedule Of Intangible Assets Acquired	   As of Acquisition Date  Dollars in thousands Weighted Average Useful Life  Customer lists $ 7,047 15 years  Favorable leases 1,230 10 years  Trade name 400 2 years  Total $ 8,677 14 years 

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Jun. 30, 2018
Earnings Per Common Share [Abstract]
Reconciliation Of Basic And Diluted Earnings Per Share	   Quarter Ended  Fiscal June  2018 2017  (Dollars in thousands,  except per share data)  Numerator for earnings per common share calculation:  Net income $ 20,644 $ 17,585  Less: Preferred stock dividends (102) (92)  Income available to common stockholders $ 20,542 $ 17,493  Denominator for earnings per common share calculation:  Weighted average common shares, basic 32,853 32,704  Effect of dilutive securities:  Preferred stock 510 510  Stock options 68 78  Restricted stock 26 —  Weighted average number of common shares, diluted 33,457 33,292  Basic earnings per common share: $ .63 $ .53  Diluted earnings per common share: $ .62 $ .53 

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Jun. 30, 2018
Revenues [Abstract]
Schedule Of Disaggregated Revenue By Product Group	   Quarter Ended  Fiscal June  2018 2017  (Dollars in thousands)  Revenues:  Brakes $ 42,748 $ 38,555  Exhaust 7,076 6,934  Steering 25,059 23,854  Tires 141,103 132,509  Maintenance 79,010 75,722  Other 815 917  Total $ 295,811 $ 278,491 

Condensed Consolidated Financ20

Condensed Consolidated Financial Statements (Details) $ in Millions	3 Months Ended
	Jun. 30, 2018USD ($)segment	Mar. 31, 2018USD ($)
Financial Statement [Line Items]
Number of operating segments | segment	1
Liability for anticipated lease defaults	$ 0.1	$ 0.2
Property Lease Guarantee [Member] | Maximum [Member]
Financial Statement [Line Items]
Maximum potential guarantee payments	$ 3.1

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Thousands	Jul. 15, 2018store	Jul. 08, 2018store	Sep. 29, 2018entity	Jun. 30, 2018USD ($)storeproperty	Jun. 24, 2017USD ($)
Business Acquisition [Line Items]
Costs related to completed acquisitions | $				$ 200
Sales for acquired entities | $				5,400	$ 500
Change in estimates, inventories | $				(100)
Change in estimates, property, plant and equipment | $				(200)
Adjustments to goodwill related to purchase accounting | $				$ 300
Scenario, Forecast [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Number of acquisitions | entity			12
Free Service Tire Company, Inc. [Member]
Business Acquisition [Line Items]
Acquisition date				May 13, 2018
Number of stores acquired				12
Number of retread centers acquired | property				1
Number of wholesale centers acquired | property				4
Liberty Auto Group, Inc. [Member]
Business Acquisition [Line Items]
Acquisition date				Apr. 1, 2018
Number of stores acquired				4
Mayfair Tire & Service Center, Inc. [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Acquisition date	Jul. 15, 2018
Number of stores acquired	1
Sawyer Tire, Inc. [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Acquisition date		Jul. 8, 2018
Number of stores acquired		8
J & R Diversified, Inc. [Member]
Business Acquisition [Line Items]
Acquisition date				Jun. 11, 2017
Number of stores acquired				2
Michael N. McGroarty, Inc. [Member]
Business Acquisition [Line Items]
Acquisition date				Jun. 11, 2017
Number of stores acquired				1
Tires Plus LLC. [Member]
Business Acquisition [Line Items]
Acquisition date				Jun. 2, 2017
Number of stores acquired				1
Bob Sumerel Tire Co., Inc. [Member]
Business Acquisition [Line Items]
Acquisition date				May 21, 2017
Number of stores acquired				1
Collier Automotive Group, Inc. [Member]
Business Acquisition [Line Items]
Acquisition date				Apr. 23, 2017
Number of stores acquired				1
Fiscal 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Total consideration transferred | $					$ 3,728
Fiscal 2019 Acquisitions [Member]
Business Acquisition [Line Items]
Total consideration transferred | $				$ 27,313

Acquisitions (Schedule Of Purch

Acquisitions (Schedule Of Purchase Price Allocation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2018	Jun. 24, 2017	Mar. 31, 2018
Purchase price of acquisitions allocation
Goodwill	$ 533,507		$ 522,892
Fiscal 2018 Acquisitions [Member]
Purchase price of acquisitions allocation
Inventories		$ 181
Other current assets		20
Property, plant and equipment		1,295
Intangible assets		436
Other non-current assets		7
Long-term deferred income tax assets		625
Total assets acquired		2,564
Warranty reserves		29
Other current liabilities		252
Long-term capital leases and financing obligations		2,482
Other long-term liabilities		22
Total liabilities assumed		2,785
Total net identifiable assets acquired		(221)
Total consideration transferred		3,728
Less: total net identifiable assets acquired (liabilities assumed)		(221)
Goodwill		$ 3,949
Fiscal 2019 Acquisitions [Member]
Purchase price of acquisitions allocation
Trade receivables	1,834
Inventories	7,949
Other current assets	138
Property, plant and equipment	5,015
Intangible assets	8,677
Long-term deferred income tax assets	1,036
Total assets acquired	24,649
Warranty reserves	115
Other current liabilities	985
Long-term capital leases and financing obligations	6,320
Other long-term liabilities	189
Total liabilities assumed	7,609
Total net identifiable assets acquired	17,040
Total consideration transferred	27,313
Less: total net identifiable assets acquired (liabilities assumed)	17,040
Goodwill	$ 10,273

Acquisitions (Schedule Of Intan

Acquisitions (Schedule Of Intangible Assets Acquired) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2018	Jun. 24, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 8,677	$ 436
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	14 years
Customer Lists [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 7,047	166
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	15 years
Favorable Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 1,230	$ 270
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	10 years
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 400
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	2 years
Fiscal 2018 Acquisitions [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	9 years
Fiscal 2018 Acquisitions [Member] | Customer Lists [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	7 years
Fiscal 2018 Acquisitions [Member] | Favorable Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Asset, Weighted Average Useful Life	10 years

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended
	Jun. 30, 2018	Jun. 24, 2017
Earnings Per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	486,000	655,000

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
	Jun. 30, 2018		Jun. 24, 2017
Numerator for earnings per common share calculation:
Net income	$ 20,644		$ 17,585
Less: Preferred stock dividends	(102)	[1]	(92)
Income available to common stockholders	$ 20,542		$ 17,493
Denominator for earnings per common share calculation:
Weighted average common shares, basic	32,853		32,704
Effect of dilutive securities:
Preferred stock	510		510
Weighted average number of common shares, diluted	33,457		33,292
Basic earnings per common share:	$ 0.63		$ 0.53
Diluted earnings per common share:	$ 0.62		$ 0.53
Stock Options [Member]
Effect of dilutive securities:
Share based payment arrangements (in shares)	68		78
Restricted Stock [Member]
Effect of dilutive securities:
Share based payment arrangements (in shares)	26
[1]	First quarter fiscal year 2019 dividend payment of $.20 per common share or common share equivalent paid on June 14, 2018.

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018
Income Taxes [Abstract]
Unrecognized tax benefits	$ 6.4	$ 6.2
Interest and penalties accrued related to unrecognized tax benefits	$ 0.4	$ 0.4

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018
Fair Value [Abstract]
Carrying amount of long-term debt ( including current portion)	$ 158.1	$ 148.1
Fair value of long-term debt (including current portion)	$ 158.1	$ 148.1

Cash Dividend (Details)

Cash Dividend (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	May 31, 2018	Jun. 30, 2018	Jun. 24, 2017
Cash Dividend [Abstract]
Common stock cash dividends per share declared	$ 0.20
Dividends to shareholders		$ 6,674	$ 5,982

Revenues (Narrrative) (Details)

Revenues (Narrrative) (Details)	3 Months Ended
	Jun. 30, 2018
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]
Service contract term	21 months
Tire Road Hazard Warranty [Member] | Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Service contract term	36 months

Revenues (Schedule Of Disaggreg

Revenues (Schedule Of Disaggregated Revenue By Product Group) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2018	Jun. 24, 2017
Disaggregation of Revenue [Line Items]
Revenue	$ 295,811	$ 278,491
Brakes [Member]
Disaggregation of Revenue [Line Items]
Revenue	42,748	38,555
Exhaust [Member]
Disaggregation of Revenue [Line Items]
Revenue	7,076	6,934
Steering [Member]
Disaggregation of Revenue [Line Items]
Revenue	25,059	23,854
Tires [Member]
Disaggregation of Revenue [Line Items]
Revenue	141,103	132,509
Maintenance [Member]
Disaggregation of Revenue [Line Items]
Revenue	79,010	75,722
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 815	$ 917