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 appropriate weighted average number of common shares
outstanding during such period.
QUARTER ENDED NINE MONTHS ENDED
FISCAL DECEMBER FISCAL DECEMBER
--------------- ---------------
2003 2002 2003 2002
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RESTATED
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
DILUTED
EARNINGS
Net Income $ 3,031 $ 2,413 $ 14,847 $ 11,274
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SHARES
Weighted average number of common shares 13,301 13,089 13,269 12,981
Treasury Stock (325) (325) (325) (325)
Assuming conversion of Class C Convertible
Preferred Stock 675 675 675 752
Dilutive effect of outstanding options 961 598 918 673
----------- ----------- ------------ ------------
Weighted average number of common shares 14,612 14,037 14,537 14,081
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DILUTED EARNINGS PER SHARE $ .21 $ .17 $ 1.02 $ .80
=========== =========== ============ ============
BASIC
EARNINGS
Net Income $ 3,031 $ 2,413 $ 14,847 $ 11,274
=========== =========== ============ ============
SHARES
Weighted average number of common shares
(net of treasury stock) 12,976 12,764 12,944 12,656
=========== =========== ============ ============
BASIC EARNINGS PER SHARE $ .23 $ .19 $ 1.15 $ .89
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