EXHIBIT 11.0 IHOP CORP. AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share data) (Unaudited) Three Months Six Months Ended Ended June 30, June 30, ------------------------ ------------------------- 2000 1999 2000 1999 -------- -------- ---------- -------- NET INCOME PER COMMON SHARE BASIC Weighted average shares outstanding................................. 19,988 19,935 20,026 19,876 ======= ======= ======= ======= Net income available to common shareholders......................... 8,294 $ 7,852 $15,523 $14,437 ======= ======= ======= ======= Net income per share-basic.......................................... $ 0.41 $ 0.39 $ 0.78 $ 0.73 ======= ======= ======= ======= NET INCOME PER COMMON SHARE DILUTED Weighted average shares outstanding................................. 19,988 19,935 20,026 19,876 Net effect of dilutive stock options based on the treasury stock method using the average market price............................ 214 450 197 421 ------- ------- ------- ------- Total............................................................... 20,202 20,385 20,223 20,297 ======= ======= ======= ======= Net income available to common shareholders......................... $ 8,294 $ 7,852 $15,523 $14,437 ======= ======= ======= ======= Net income per share-diluted........................................ $ 0.41 $ 0.39 $ 0.77 $ 0.71 ======= ========= ======= =======