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EXHIBIT 11.0

IHOP CORP. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share data)
(Unaudited)

		Three Months Ended September 30,				Nine Months Ended September 30,
		2001		2000		2001		2000
NET INCOME PER COMMON SHARE BASIC
	Weighted average shares outstanding		20,572		20,004		20,297		20,019
	Net income available to common shareholders	$	11,076	$	10,079	$	28,718	$	25,602
	Net income per share-basic	$	0.54	$	0.50	$	1.41	$	1.28
NET INCOME PER COMMON SHARE DILUTED
	Weighted average shares outstanding		20,572		20,004		20,297		20,019
	Net effect of dilutive stock options based on the treasury stock method using the average market Price		376		264		367		219
	Total		20,948		20,268		20,664		20,238
	Net income available to common shareholders	$	11,076	$	10,079	$	28,718	$	25,602
	Net income per share-diluted	$	0.53	$	0.50	$	1.39	$	1.27

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EXHIBIT 11.0
IHOP CORP. AND SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share data) (Unaudited)