EXHIBIT 11.1

                             APS HOLDING CORPORATION
                     COMPUTATION OF INCOME (LOSS) PER SHARE
                      (IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
                                                                 YEAR ENDED  YEAR ENDED  YEAR ENDED
                                                                 JANUARY 31, JANUARY 25, JANUARY 27,
                                                                    1998        1997        1996
                                                                 --------    --------     --------
<S>                                                                <C>          <C>         <C>    
SHARES FOR BASIC AND DILUTED COMPUTATIONS:

Basic weighted average shares outstanding ...................      13,782       13,741      13,725 
Dilutive impact of stock options ............................           0*           0*        176
                                                                 --------     --------    --------
Dilutive weighted average shares outstanding.................      13,782       13,741      13,901
                                                                 ========     ========    ========
NET INCOME (LOSS) FOR BASIC AND DILUTED COMPUTATIONS:                                    
                                                                                         
Income (loss) before extraordinary item .....................    ($95,293)    ($10,836)   $  9,236
Extraordinary item - charges resulting from extinguishment                               
  of debt, net of income taxes ..............................        --           --        (2,468)
                                                                 --------     --------    --------
     Net income (loss) ......................................    ($95,293)    ($10,836)   $  6,768
                                                                 ========     ========    ========
BASIC NET INCOME (LOSS) PER SHARE:                                                       
                                                                                         
Income (loss) before extraordinary item .....................    ($  6.91)    ($  0.79)   $   0.67
Extraordinary item - charges resulting from extinguishment                               
  of debt, net of income taxes ..............................        --           --         (0.18)
                                                                 --------     --------    --------
     Basic net income (loss) per share ......................    ($  6.91)    ($  0.79)   $   0.49
                                                                 ========     ========    ========
DILUTED NET INCOME (LOSS) PER SHARE:                                                     
                                                                                         
Income (loss) before extraordinary item .....................    ($  6.91)    ($  0.79)   $   0.66
Extraordinary item - charges resulting from extinguishment                               
  of debt, net of income taxes ..............................         --         --          (0.18)
                                                                 --------     --------    --------
     Diluted net income (loss) per share ....................    ($  6.91)    ($  0.79)   $   0.48
                                                                 ========     ========    ========
</TABLE>
*   Due to the anti-dilutive effect of the stock options on both basic and
    diluted loss per share ("LPS"), such amounts have been excluded from LPS.