EXHIBIT 11
JONES APPAREL GROUP, INC. AND SUBSIDIARIES
Computation of Primary and Fully Diluted Earnings per Share
(In thousands except per share amounts)
For the Year Ended December 31,
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1996 1995(1) 1994(1)
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Primary Earnings per Share:
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Net income........................... $80,874 $63,485 $54,920
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Weighted average number of shares
outstanding.......................... 52,333 52,130 51,656
Assumed issuances under exercise
of stock options..................... 1,332 916 1,268
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53,665 53,046 52,924
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Primary earnings per share........... $1.51 $1.20 $1.04
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Fully Diluted Earnings per Share:
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Net income........................... $80,874 $63,485 $54,920
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Weighted average number of shares
outstanding.......................... 52,333 52,130 51,656
Assumed issuances under exercise
of stock options..................... 1,744 1,328 1,269
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54,077 53,458 52,925
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Fully diluted earnings per
share................................ $1.50 $1.19 $1.04
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(1) Adjusted for 2-for-1 stock split effective October 2, 1996.