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                                                                   EXHIBIT 11.1

                            APS HOLDING CORPORATION
                        COMPUTATION OF INCOME PER SHARE
                     (IN THOUSANDS, EXCEPT PER SHARE DATA)


<TABLE>
<CAPTION>
                                                                      YEAR ENDED        YEAR ENDED       YEAR ENDED  
                                                                      JANUARY 25,       JANUARY 27,      JANUARY 28, 
                                                                         1997              1996             1995       
                                                                      -----------       -----------      ----------- 
<S>                                                                     <C>               <C>              <C>       
SHARES FOR PRIMARY AND FULLY DILUTIVE COMPUTATIONS:                                                                  
                                                                                                                     
Weighted average shares of common stock outstanding                     13,741            13,725           13,523    
Shares issuable on assumed exercise of stock options                         0*              176              198    
                                                                      --------          --------         --------    
                                                                                                                     
     Weighted average shares for primary net income per share           13,741            13,901           13,721    
                                                                                                                     
Incremental shares issuable on assumed exercise of stock                                                             
    options to reflect maximum dilutive effect                               0*                3                1    
                                                                      --------          --------         --------    
                                                                                                                     
     Weighted average shares for fully diluted net income per share     13,741            13,904           13,722    
                                                                      ========          ========         ========    
                                                                                                                     
                                                                                                                     
NET INCOME (LOSS) FOR PRIMARY AND FULLY DILUTIVE COMPUTATIONS:                                                       
                                                                                                                     
Income (loss) before extraordinary item                               $(10,836)         $  9,236         $ 32,367    
Extraordinary item - charges resulting from extinguishment                                                           
  of debt, net of income taxes                                              --            (2,468)              --    
                                                                      --------          --------         --------    
                                                                                                                     
     Net income (loss)                                                $(10,836)         $  6,768         $ 32,367    
                                                                      ========          ========         ========    
                                                                                                                     
                                                                                                                     
PRIMARY NET INCOME (LOSS) PER SHARE:                                                                                 
                                                                                                                     
Income (loss) before extraordinary item                               $  (0.79)         $   0.67         $   2.36    
Extraordinary item - charges resulting from extinguishment                                                           
  of debt, net of income taxes                                              --             (0.18)              --    
                                                                      --------          --------         --------    
                                                                                                                     
     Primary net income (loss) per share                              $  (0.79)         $   0.49         $   2.36    
                                                                      ========          ========         ========    
                                                                                                                     
                                                                                                                     
FULLY DILUTIVE NET INCOME (LOSS) PER SHARE:                                                                          
                                                                                                                     
Income (loss) before extraordinary item                               $  (0.79)         $   0.67         $   2.36    
Extraordinary item - charges resulting from extinguishment                                                           
  of debt, net of income taxes                                              --             (0.18)              --    
                                                                      --------          --------         --------    
                                                                                                                     
     Fully dilutive net income (loss) per share                       $  (0.79)         $   0.49         $   2.36    
                                                                      ========          ========         ========    
</TABLE>

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* Due to the anti-dilutive effect of the stock options on both primary and
  fully dilutive loss per share ("LPS"), such amounts have been excluded 
  from LPS.