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EXHIBIT 11.01
RED ROOF INNS, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE AMOUNTS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
1995 1996 1997
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Net income $ 18,322 $ 24,064 $ 25,358
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Weighted average number of historical common shares
outstanding during the year - basic 18,400 27,362 27,982
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Add - common equivalent shares (determined using the
"treasury stock" method) representing shares issuable
upon exercise of employee stock options 121 187 185
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Weighted average number of shares used in calculation of
income per share - diluted 18,521 27,549 28,167
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Net income per share:
Basic $ 1.00 $ .88 $ .91
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Diluted $ .99 $ .87 $ .90
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50