IHOP 2011 Annual Report Download - page 41

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23
failure or material weakness in internal control over financial reporting could cause a loss of investor confidence and decline in
the market price of our common stock.
A change in accounting standards can have a significant effect on our reported results and may affect our reporting of
transactions before the change is effective. New pronouncements and varying interpretations of pronouncements have occurred
and may occur in the future. Changes to existing accounting rules or the questioning of current accounting practices may adversely
affect our reported financial results. Additionally, our assumptions, estimates and judgments related to complex accounting matters
could significantly affect our financial results. Generally accepted accounting principles and related accounting pronouncements,
implementation guidelines and interpretations are highly complex and involve many subjective assumptions, estimates and
judgments by us. Changes in these rules or their interpretation or changes in underlying assumptions, estimates or judgments by
us could significantly change our reported or expected financial performance.
Item 1B. Unresolved Staff Comments.
None.
Item 2. Properties.
The table below shows the location and status of Applebee's and IHOP restaurants as of December 31, 2011:
United States
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Applebee's
Franchise
30
2
33
9
114
27
8
12
—
110
69
—
12
61
59
27
19
32
18
11
26
29
21
59
15
28
8
19
Company-
Operated
—
—
—
2
—
—
—
—
—
—
—
—
—
4
7
—
15
5
—
—
—
—
65
—
3
33
—
—
Total
30
2
33
11
114
27
8
12
—
110
69
—
12
65
66
27
34
37
18
11
26
29
86
59
18
61
8
19
IHOP
Franchise
19
4
39
15
230
29
7
7
2
—
74
6
9
53
22
8
18
5
27
1
33
18
20
12
10
28
5
5
Company-
Operated
—
—
—
—
—
1
—
—
—
—
—
—
—
—
—
1
1
1
—
—
—
—
—
—
—
—
—
—
Area
License
—
—
—
—
—
—
—
—
—
149
4
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
*
Total
19
4
39
15
230
30
7
7
2
149
78
6
9
53
22
9
19
6
27
1
33
18
20
12
10
28
5
5