EXHIBIT 11
IHOP CORP. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(Unaudited and in thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
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1996 1995 1996 1995
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NET INCOME PER COMMON SHARE - PRIMARY
Weighted average shares outstanding 9,436 9,350 9,466 9,303
Net effect of dilutive stock options
based on the treasury stock method
using average market price 148 171 134 175
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Total 9,584 9,521 9,600 9,478
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Net income available to common
shareholders $5,389 $4,741 $12,820 $10,586
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Net income per share - primary $ .56 $ .50 $ 1.34 $ 1.12
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NET INCOME PER COMMON SHARE - FULLY DILUTED
Weighted average shares outstanding 9,436 9,350 9,466 9,303
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 148 171 134 175
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9,584 9,521 9,600 9,478
Total ====== ====== ======= =======
Net income available to common
shareholders $5,389 $4,741 $12,820 $10,586
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Net income per share - fully diluted $ .56 $ .50 $ 1.34 $ 1.12
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