MONRO MUFFLER BRAKE, INC. Exhibit 11
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
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.
FOR THE QUARTER ENDED FOR THE NINE MONTHS
FISCAL DECEMBER ENDED FISCAL DECEMBER
--------------- ---------------------
2001 2000 2001 2000
---- ---- ---- ----
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
DILUTED
- -------
EARNINGS
Net Income $ 1,781 $ 1,368 $ 9,327 $ 8,287
========= ========= ========= =========
SHARES
Weighted average number of shares of common shares 8,426 8,332 8,405 8,325
Treasury stock (217) (155) (217) (133)
Assuming conversion of Class C Convertible
Preferred Stock 636 636 636 636
Dilutive effect of outstanding options 198 71 196 71
--------- --------- --------- ---------
Total common and common equivalent shares 9,043 8,884 9,020 8,899
========= ========= ========= =========
DILUTED EARNINGS PER SHARE $ .20 $ .15 $ 1.03 $ 0.93
========= ========= ========= =========
BASIC
- ------
EARNINGS
Net Income $ 1,781 $ 1,368 $ 9,327 $ 8,287
========= ========= ========= =========
SHARES
Weighted average number of common shares 8,209 8,177 8,188 8,192
========= ========= ========= =========
BASIC EARNINGS PER SHARE $ .22 $ .17 $ 1.14 $ 1.01
========= ========= ========= =========
- 16 -