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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
		2002		2001		2002		2001
NET INCOME PER COMMON SHARE BASIC
	Weighted average shares outstanding		20,958		20,572		20,878		20,297
	Net income available to common shareholders	$	9,838	$	11,076	$	28,894	$	28,718
	Net income per share-basic	$	0.47	$	0.54	$	1.38	$	1.41
NET INCOME PER COMMON SHARE DILUTED
	Weighted average shares outstanding		20,958		20,572		20,878		20,297
	Net effect of dilutive stock options based on the treasury stock method using the average market price		277		376		370		367
Total			21,235		20,948		21,248		20,664
Net income available to common shareholders		$	9,838	$	11,076	$	28,894	$	28,718
Net income per share-diluted		$	0.46	$	0.53	$	1.36	$	1.39

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Exhibit 11.0