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, -------------------------------- 2005 2004 2003 -------- -------- ------- Basic Earnings per Share: - ------------------------- Net income........................... $274.3 $301.8 $328.6 ======== ======== ======= Weighted average number of shares outstanding.......................... 118.0 123.6 127.3 ======== ======== ======= Basic earnings per share............. $2.33 $2.44 $2.58 ======== ======== ======= Diluted Earnings per Share: - --------------------------- Net income........................... $274.3 $301.8 $328.6 Add: interest expense associated with convertible notes, net of tax benefit.............. - 0.8 9.5 -------- -------- ------- Income available to common shareholders....................... $274.3 $302.6 $338.1 ======== ======== ======= Weighted average number of shares outstanding........................ 118.0 123.6 127.3 Effect of dilutive securities: Employee stock options............. 1.2 2.2 1.3 Assumed conversion of convertible notes............................ - 0.7 7.9 -------- -------- ------- 119.2 126.5 136.5 ======== ======== ======= Diluted earnings per share.......... $2.30 $2.39 $2.48 ======== ======== =======