1 MONRO MUFFLER BRAKE, INC. AND SUBSIDIARY Exhibit 11.01 COMPUTATION OF PER SHARE EARNINGS Net income per share was computed by dividing net income by the weighted average number of common and common equivalent shares outstanding. YEAR ENDED MARCH 31, 1996 1995 1994 ---- ---- ---- (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) EARNINGS Net income available to common shares $7,614 $9,084 $7,351 =================== =================== ================== SHARES Weighted average number of common shares 6,867 6,744 6,537 Assuming conversion of Class C Convertible Preferred Stock 549 549 549 Dilutive effect of outstanding options 277 406 567 ------------------- ------------------- ------------------ Total common and common equivalent shares 7,693 7,699 7,653 =================== =================== ================== EARNINGS PER SHARE $ .99 $ 1.18 $ .96 =================== =================== ==================