EXHIBIT 11.0
IHOP CORP. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
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1998 1997 1998 1997
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NET INCOME PER COMMON SHARE - BASIC
Weighted average shares outstanding 9,855 9,645 9,814 9,563
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Net income available to common shareholders $ 7,245 $5,733 $18,409 $14,321
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Net income per share - basic $ 0.74 $ .59 $ 1.88 $ 1.50
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NET INCOME PER COMMON SHARE - DILUTED
Weighted average shares outstanding 9,855 9,645 9,814 9,563
Net effect of dilutive stock options based on the
Treasury stock method using the average market
price. 196 215 191 139
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Total 10,051 9,860 10,005 9,702
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Net income available to common shareholders $ 7,245 $5,733 $18,409 $14,321
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Net income per share - diluted $ 0.72 $ .58 $ 1.84 $ 1.48
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