1
Exhibit 11
MONRO MUFFLER BRAKE, INC.
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
Earnings per share for each period was computed by dividing net income for such
period by the weighted average number of shares of Common Stock and Common Stock
equivalents outstanding during such period.
QUARTER ENDED
JUNE 30,
--------
2001 2000
---- ----
(DOLLARS IN THOUSANDS,
EXCEPT PER SHARE DATA)
DILUTED
- -------
EARNINGS
Net income available to common shares $ 3,853 $ 3,447
======= =======
SHARES
Weighted average number of common shares 8,376 8,322
Treasury Stock (217) (119)
Assuming conversion of Class C Convertible
Preferred Stock 636 636
Dilutive effect of outstanding options 190 43
------- -------
Total common and common equivalent shares 8,985 8,882
======= =======
DILUTED EARNINGS PER SHARE $ .43 $ .39
======= =======
BASIC
- -----
EARNINGS
Net income available to common shares $ 3,853 $ 3,447
======= =======
SHARES
Weighted average number of common shares 8,159 8,203
======= =======
BASIC EARNINGS PER SHARE $ .47 $ .42
======= =======
-16-