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,
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1999 1998 1999 1998
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NET INCOME PER COMMON SHARE--BASIC
Weighted average shares outstanding................................. 19,935 19,675 19,876 19,587
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Net income available to common shareholders......................... $ 7,852 $ 6,463 $ 14,437 $ 11,164
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Net income per share--basic......................................... $ .39 $ .33 $ .73 $ .57
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NET INCOME PER COMMON SHARE--DILUTED
Weighted average shares outstanding................................. 19,935 19,675 19,876 19,587
Net effect of dilutive stock options based on the treasury stock
method using the average market price............................. 450 418 421 376
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Total............................................................. 20,385 20,093 20,297 19,963
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Net income available to common shareholders......................... $ 7,852 $ 6,463 $ 14,437 $ 11,164
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Net income per share--diluted....................................... $ .39 $ .32 $ .71 $ .56
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