EXHIBIT 11.0
IHOP CORP. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
----------------------------- ----------------------------
1998 1997 1998 1997
------------- -------------- ------------- -------------
NET INCOME PER COMMON SHARE - BASIC
Weighted average shares outstanding 9,838 9,558 9,794 9,522
======= ====== ======= ======
Net income available to common shareholders $ 6,463 $5,038 $11,164 $8,588
======= ====== ======= ======
Net income per share - basic $ .66 $ .53 $ 1.14 $ .90
======= ====== ======= ======
NET INCOME PER COMMON SHARE - DILUTED
Weighted average shares outstanding 9,838 9,558 9,794 9,522
Net effect of dilutive stock options based on the
treasury stock method using the average market
price. 209 118 187 101
------- ------ ------- ------
Total 10,047 9,676 9,981 9,623
======= ====== ======= ======
Net income available to common shareholders $ 6,463 $5,038 $11,164 $8,588
======= ====== ======= ======
Net income per share - diluted $ .64 $ .52 $ 1.12 $ .89
======= ====== ======= ======