EXHIBIT 11
JONES APPAREL GROUP, INC.
Computation of Basic and Diluted Earnings per Share
(In thousands except per share amounts)
For the Quarter Ended For the Six Months Ended
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June 28, June 29, June 28, June 29,
1998 1997<F1> 1998 1997<F1>
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Basic Earnings per Share:
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Net income.................... $25,038 $19,280 $63,348 $48,819
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Weighted average number of
shares outstanding............ 100,841 103,934 100,788 103,999
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Basic earnings per share...... $0.25 $0.19 $0.63 $0.47
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Diluted Earnings per Share:
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Net income.................... $25,038 $19,280 $63,348 $48,819
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Weighted average number of
shares outstanding............ 100,841 103,934 100,788 103,999
Assumed issuances under
exercise of stock options..... 4,244 8,339 3,919 3,958
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105,085 108,029 104,707 107,957
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Diluted earnings per share.... $0.24 $0.18 $0.61 $0.45
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<F1> Adjusted for 2-for-1 stock split effective June 28, 1998.