v3.26.1
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 28, 2026
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments

Changes in Consolidated Statement of Cash Flows

Year Ended March 29, 2025

(thousands)

As Reported

Adjustment

As Revised

Principal payments on long-term debt, net borrowings

$

(40,750)

$

40,750

$

Proceeds from borrowings on long-term debt

$

$

204,974

$

204,974

Principal payments on long-term debt

$

$

(245,724)

$

(245,724)

Cash used for financing activities

$

(40,750)

$

$

(40,750)

Changes in Consolidated Statement of Cash Flows

Year Ended March 30, 2024

(thousands)

As Reported

Adjustment

As Revised

Principal payments on long-term debt, net borrowings

$

(3,000)

$

3,000

$

Proceeds from borrowings on long-term debt

$

$

155,568

$

155,568

Principal payments on long-term debt

$

$

(158,568)

$

(158,568)

Cash used for financing activities

$

(3,000)

$

$

(3,000)

Schedule of Estimated Useful Lives

Estimated Useful Lives

Life (Years)

Buildings and improvements

5 - 39

Equipment, signage, and fixtures

3 - 15

Vehicles

5 - 10

Schedule of Changes in Our Closed Stores Reserves by Activity

Closed Stores Reserves

(thousands)

March 28, 2026

Reserve balance at the beginning of the year

$

Expenses recorded

10,652

Payments made

(6,388)

Other adjustments

(543)

Reserve balance at the end of the year

$

3,721

Schedule of Share-Based Compensation Valuation Assumptions

Black-Scholes Valuation Model Assumptions

(weighted average)

2026 (e)

2025

2024

Risk-free interest rate (a)

N/A

%

5.04

%

4.22

%

Expected term (years) (b)

N/A

4

4

Expected volatility (c)

N/A

%

35.28

%

40.60

%

Dividend yield (d)

N/A

%

4.16

%

3.07

%

(a)Risk-free interest rates are yields for zero coupon U.S. Treasury notes maturing approximately at the end of the expected option term.

(b)Expected term is based on historical exercise behavior and on the terms and conditions of the stock option award.

(c)Expected volatility is based on a combination of historical volatility, using Monro stock prices over a period equal to the expected term, and implied market volatility.

(d)Dividend yield is based on historical dividend experience and expected future changes, if any.

(e)There were no non-qualified stock options issued in fiscal 2026.