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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.
QUARTER ENDED SIX MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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1999 1998 1999 1998
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(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
DILUTED
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EARNINGS
Net Income $3,213 $2,411 $5,906 $6,268
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SHARES
Weighted average number of common shares 8,322 8,317 8,322 8,311
Assuming conversion of Class C Convertible
Preferred Stock 636 636 636 636
Dilutive effect of outstanding options 17 34 18 66
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Total common and common equivalent shares 8,975 8,987 8,976 9,013
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DILUTED EARNINGS PER SHARE $ .36 $ .27 $ .66 $ .70
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BASIC
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EARNINGS
Net Income $3,213 $2,411 $5,906 $6,268
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SHARES
Weighted average number of common shares 8,322 8,317 8,322 8,311
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BASIC EARNINGS PER SHARE $ .39 $ .29 $ .71 $ .75
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