Exhibit 11.0

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2005		2004		2005		2004
NET INCOME PER COMMON SHARE BASIC
Weighted average shares outstanding	19,764		20,958		19,877		21,182
Net income available to common shareholders	$	11,929	$	4,366	$	22,004	$	15,276
Net income per share—basic	$	0.60	$	0.21	$	1.11	$	0.72
NET INCOME PER COMMON SHARE DILUTED
Weighted average shares outstanding	19,764		20,958		19,877		21,182
Net effect of dilutive stock options based on the treasury stock method using the average market price	204		176		213		191
Total	19,968		21,134		20,090		21,373
Net income available to common shareholders	$	11,929	$	4,366	$	22,004	$	15,276
Net income per share—diluted	$	0.60	$	0.21	$	1.10	$	0.71