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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 March 31
		2002		2001
NET INCOME PER COMMON SHARE BASIC
	Weighted average shares outstanding		20,771		20,048
	Net income available to common shareholders	$	9,756	$	7,474
	Net income per share-basic	$	0.47	$	0.37
NET INCOME PER COMMON SHARE DILUTED
	Weighted average shares outstanding		20,771		20,048
	Net effect of dilutive stock options based on the treasury stock method using the average market price		398		372
	Total		21,169		20,420
	Net income available to common shareholders	$	9,756	$	7,474
	Net income per share-diluted	$	0.46	$	0.37

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EXHIBIT 11.0

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS