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, -------------------------------- 2006 2005 2004 -------- -------- ------- Basic Earnings per Share: - ------------------------- Net (loss) income.................... $(144.1) $274.3 $301.8 ======== ======== ======= Weighted average number of shares outstanding.......................... 110.6 118.0 123.6 ======== ======== ======= Basic (loss) earnings per share...... $(1.30) $2.33 $2.44 ======== ======== ======= Diluted Earnings per Share: - --------------------------- Net (loss) income.................... $(144.1) $274.3 $301.8 Add: interest expense associated with convertible notes, net of tax benefit.............. - - 0.8 -------- -------- ------- (Loss) income available to common shareholders....................... $(144.1) $274.3 $302.6 ======== ======== ======= Weighted average number of shares outstanding........................ 110.6 118.0 123.6 Effect of dilutive securities: Employee stock options............. - 1.2 2.2 Assumed conversion of convertible notes............................ - - 0.7 -------- -------- ------- 110.6 119.2 126.5 ======== ======== ======= Diluted (loss) earnings per share.... $(1.30) $2.30 $2.39 ======== ======== =======