EXHIBIT 11.0 IHOP CORP. AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) THREE MONTHS ENDED MARCH 31, ------------------- 2001 2000 -------- -------- NET INCOME PER COMMON SHARE BASIC Weighted average shares outstanding....................... 20,048 20,076 ======= ======= Net income available to common shareholders............... $ 7,474 $ 7,229 ======= ======= Net income per share--basic............................... $ 0.37 $ 0.36 ======= ======= NET INCOME PER COMMON SHARE DILUTED Weighted average shares outstanding....................... 20,048 20,076 Net effect of dilutive stock options based on the treasury stock method using the average market price............. 372 179 ------- ------- Total....................................................... 20,420 20,255 ======= ======= Net income available to common shareholders................. $ 7,474 $ 7,229 ======= ======= Net income per share--diluted............................... $ 0.37 $ 0.36 ======= =======