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EXHIBIT 11.01
RED ROOF INNS, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE AMOUNTS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
1994 1995 1996
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Net income $ 16,860 $ 18,322 $ 24,064
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Weighted average number of historical common
shares outstanding during the year 18,400 18,400 27,362
Add - common equivalent shares (determined
using the "treasury stock" method) representing
shares issuable upon exercise of employee stock options 216 260 211
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Weighted average number of shares used in
calculation of income per share 18,616 18,660 27,573
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Net income per share $ .91 $ .98 $ .87
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