
                                                                    EXHIBIT 11.1
                                                                
                            APS HOLDING CORPORATION
                      (Operating as Debtor-In-Possession)
                                                                
                     COMPUTATION OF INCOME (LOSS) PER SHARE
                      (in thousands, except per share data)
                                                                
<TABLE>
<CAPTION>
                                                                         Three months ended                    Six months ended     
                                                                              July 25,                              July 25,        
                                                                     --------------------------        ---------------------------- 
                                                                       1998               1997             1998              1997
                                                                     ------------    ----------        -------------     ---------- 
<S>                                                                    <C>               <C>               <C>               <C>   
Shares for basic and diluted computations:                                                              
                                                                
Basic weighted average shares outstanding ..................           13,790            13,780            13,790            13,775
Dilutive impact stock options ..............................               -- *              -- *              --                -- 
                                                                     --------        ----------        ----------        ---------- 

Dilutive weighted average shares outstanding ...............           13,790            13,780            13,790            13,775
                                                                     ========        ==========        ==========        ========== 
Net loss for basic and diluted computations:

Loss before extraordinary item .............................         $(25,484)          $(9,650)       $  (47,022)       $  (10,586)
Extraordinary item - charges resulting from                                             
 extinguishment of debt, net of income taxes ...............               --                --                --                -- 
                                                                     --------        ----------        ----------        ---------- 
     Net loss ..............................................         $(25,484)          $(9,650)       $  (47,022)       $  (10,586)
                                                                     ========        ==========        ==========        ========== 
Basic net loss per share:                                                               
                                                                                        
Loss before extraordinary item .............................         $  (1.85)          $ (0.70)       $    (3.41)       $    (0.77)
Extraordinary item - charges resulting from                                                                              
 extinguishment of debt, net of income taxes ...............               --                --                --                -- 
                                                                     --------        ----------        ----------        ---------- 
     Basic net loss per share ..............................         $  (1.85)          $ (0.70)       $    (3.41)       $    (0.77)
                                                                     ========        ==========        ==========        ========== 
                                                                                                                         
Diluted net loss per share:                                                                                              
                                                                                                                         
Loss before extraordinary item .............................         $  (1.85)          $ (0.70)       $    (3.41)       $    (0.77)
Extraordinary item - charges resulting from                                                                              
 extinguishment of debt, net of income taxes ...............               --                --                --                -- 
                                                                     --------        ----------        ----------        ---------- 
     Diluted net loss per share ............................         $  (1.85)          $ (0.70)       $    (3.41)       $    (0.77)
                                                                     ========        ==========        ==========        ========== 
                                                                                                                         
</TABLE>
                                                                                
   * Due to the anti-dilutive effect of the stock options on loss per share
("LPS"), such amounts have been excluded from the diluted LPS computation.
                                                
                                                
