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Irwin Financial Corp – ‘10-K’ for 12/31/07 – ‘EX-11.1’

On:  Thursday, 3/13/08, at 7:36pm ET   ·   As of:  3/14/08   ·   For:  12/31/07   ·   Accession #:  950137-8-3652   ·   File #:  1-16691

Previous ‘10-K’:  ‘10-K’ on 3/9/07 for 12/31/06   ·   Next & Latest:  ‘10-K’ on 3/31/09 for 12/31/08

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/14/08  Irwin Financial Corp              10-K       12/31/07   13:2.6M                                   Bowne Boc/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.84M 
 3: EX-10.12    Notice of Restricted Stock Unit Award               HTML     21K 
 2: EX-10.4     Business Development Board Compensation Program     HTML     23K 
 6: EX-14.1     Code of Conduct                                     HTML    125K 
 7: EX-21.1     Subsidiaries                                        HTML     13K 
 8: EX-23.1     Consent of Independent Registered Public            HTML     15K 
                          Accounting Firm                                        
 9: EX-23.2     Consent of Independent Registered Public            HTML     12K 
                          Accounting Firm                                        
 4: EX-11.1     Computation or Earnings Per Share                   HTML     22K 
 5: EX-12.1     Computation of Ratio of Earnings to Fixed Charges   HTML     20K 
10: EX-31.1     Certification by the CEO                            HTML     12K 
11: EX-31.2     Certification by the CFO                            HTML     12K 
12: EX-32.1     Section 906 Certification by the CEO                HTML      9K 
13: EX-32.2     Section 906 Certification by the CFO                HTML      9K 


EX-11.1   —   Computation or Earnings Per Share


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  exv11w1  

 

Exhibit 11.1
IRWIN FINANCIAL CORPORATION AND SUBSIDIARIES
EXHIBIT 11(a) — COMPUTATION OF EARNINGS PER SHARE
 C:  C:  C:  C: 
                         
  Year Ended December 31,   2007     2006     2005  
 
Basic earnings per share calculation:
                       
Average number of shares outstanding
    29,347       29,501       28,518  
 
                 
Net (loss) income from continuing operations
  $ (14,387 )   $ 37,401     $ 36,247  
 
                   
Payment of preferred dividends
    (1,335 )                
 
                     
Net loss from continuing operations, adjusted
  $ (15,722 )                
 
                     
 
                       
Basic earnings per share from continuing operations
  $ (0.54 )   $ 1.27     $ 1.27  
 
                 
Net (loss) income from all operations
  $ (44,930 )   $ 1,727     $ 18,987  
 
                   
Payment of preferred dividends
    (1,335 )                
 
                     
Net loss from all operations, adjusted
  $ (46,265 )                
 
                     
 
                       
Basic earnings per share from all operations
  $ (1.58 )   $ 0.06     $ 0.67  
 
                 
Diluted earnings per share calculation:
                       
Diluted shares outstanding
                       
Average number of shares outstanding
    29,347       29,501       28,518  
Assumed exercise of stock options (1)
    6       189       323  
 
                 
Total shares
    29,353       29,690       28,841  
 
                 
 
                       
Net (loss) income from continuing operations, adjusted
  $ (15,722 )   $ 37,401     $ 36,247  
Effect of stock options
    (1,019 )     (303 )      
 
                 
Net (loss) income from continuing operations
  $ (16,741 )   $ 37,098     $ 36,247  
 
                 
 
                       
Diluted earnings per share from continuing operations
  $ (0.57 )   $ 1.25     $ 1.26  
 
                 
Net (loss) income from all operations, adjusted
  $ (46,265 )   $ 1,727     $ 18,987  
Effect of stock options
    (1,019 )     (303 )      
 
                 
Net (loss) income from all operations
  $ (47,284 )   $ 1,424     $ 18,987  
 
                 
 
                       
Diluted earnings per share from all operations
  $ (1.61 )   $ 0.05     $ 0.66  
 
                 
 
(1)   The dilutive effect of stock options is based on the Treasury Stock method.

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:3/14/088-K
Filed on:3/13/08
For Period End:12/31/075
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Filing Submission 0000950137-08-003652   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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