EX-11 11 exhibit11.htm EXHIBIT 11 Exhibit 11
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,
                                        --------------------------------
                                            2002        2001        2000
                                        --------    --------     -------
Basic Earnings per Share:
-------------------------
Net income...........................     $318.5      $236.2      $301.9
                                        ========    ========     =======

Weighted average number of shares
outstanding..........................      128.2       123.2       119.0
                                        ========    ========     =======

Basic earnings per share.............      $2.48       $1.92       $2.54
                                        ========    ========     =======


Diluted Earnings per Share:
---------------------------
Net income...........................     $318.5      $236.2      $301.9
Add: interest expense associated
     with convertible notes,
     net of tax benefit..............        9.1         7.7           -
                                        --------    --------     -------
Income available to common
  shareholders.......................     $327.6      $243.9      $301.9
                                        ========    ========     =======

Weighted average number of shares
  outstanding........................      128.2       123.2       119.0
Effect of dilutive securities:
  Employee stock options.............        2.9         3.3         2.9
  Assumed conversion of convertible
    notes............................        7.9         7.2           -
                                        --------    --------     -------
                                           139.0       133.7       121.9
                                        ========    ========     =======
Diluted earnings per share..........       $2.36       $1.82       $2.48
                                        ========    ========     =======