EXHIBIT 11
IHOP CORP. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(Amounts in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
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1996 1995 1996 1995
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NET INCOME PER COMMON SHARE - PRIMARY
Weighted average shares outstanding 9,447 9,330 9,421 9,279
Net effect of dilutive stock options
based on the treasury stock method
using average market price 145 172 149 187
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Total 9,592 9,502 9,570 9,466
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Net income available to common
shareholders $4,369 $4,069 $7,431 5,845
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Net income per share - primary $ .46 $ .43 $ .78 $ .62
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NET INCOME PER COMMON SHARE - FULLY
DILUTED
Weighted average shares outstanding 9,447 9,330 9,421 9,279
Net effect of dilutive stock options
based on the treasury
stock method using the period-end
market price,
if higher than the average market
price 145 176 154 189
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Total 9,592 9,506 9,575 9,468
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Net income available to common
shareholders $4,369 $4,069 $7,431 $4,069
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Net income per share - fully diluted
$ .46 $ .43 $ .78 $ .62
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