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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. All share data have
been restated to reflect the 5% stock dividend paid August 5, 1996. (See Note 1
of Notes to Consolidated Financial Statements).
QUARTER ENDED NINE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
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1996 1995 1996 1995
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(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
EARNINGS
Net Income $1,609 $1,194 $8,730 $6,333
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SHARES
Weighted average number of shares of Common
Stock 7,470 7,201 7,412 7,201
Assumed conversion of Class C Convertible
Preferred Stock 576 576 576 576
Dilutive effect of outstanding options 112 295 179 302
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Weighted average number of common and common
equivalent shares 8,158 8,072 8,167 8,079
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EARNINGS PER SHARE $ .20 $ .15 $ 1.07 $ .78
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