EXHIBIT 11
JONES APPAREL GROUP, INC. Computation of Basic and Diluted Earnings per Share (In millions except per share amounts)
For the Year Ended December 31, -------------------------------- 2000 1999 1998 -------- -------- ------- Basic Earnings per Share: - ------------------------- Net income........................... $301.9 $188.4 $154.9 ======== ======== ======= Weighted average number of shares outstanding.......................... 119.0 114.1 101.6 ======== ======== ======= Basic earnings per share............. $2.54 $1.65 $1.52 ======== ======== ======= Diluted Earnings per Share: - --------------------------- Net income........................... $301.9 $188.4 $154.9 ======== ======== ======= Weighted average number of shares outstanding.......................... 119.0 114.1 101.6 Assumed issuances under exercise of stock options..................... 2.9 3.9 3.5 -------- -------- ------- 121.9 118.0 105.1 ======== ======== ======= Diluted earnings per share........... $2.48 $1.60 $1.47 ======== ======== =======