we opened an asian headquarters in singapore and realigned our organization into three distinct geographic regions : europe , middle east and africa ( emea ) , asia pacific , and north america . the company will reevaluate during the first quarter of 2019 our operating segments and reporting units as a result of this change . 14 store and operations profile replace_table_token_3_th we operated 3,221 stores as of the end of 2018. the following is a brief description of each of our banners : foot locker — foot locker is a leading global youth culture brand that connects the sneaker obsessed consumer with the most innovative and culturally relevant sneakers and apparel . across all our consumer touchpoints , foot locker enables consumers to fulfill their desire to be part of sneaker and youth culture . we curate special product assortments and marketing content that supports our premium position – from leading global brands such as nike , jordan , adidas , and puma , as well as new and emerging brands in the athletic and lifestyle space . we connect emotionally with our consumers through a combination of global brand events and highly targeted and personalized experiences in local markets . foot locker 's 1,734 stores are located in 27 countries including 886 in the united states , puerto rico , u.s. virgin islands , and guam , 107 in canada , 642 in europe , a combined 94 in australia and new zealand , and 5 in asia . our domestic stores have an average of 2,700 selling square feet and our international stores have an average of 1,700 selling square feet . kids foot locker — kids foot locker offers the largest selection of brand-name athletic footwear , apparel and accessories for children . we feature products , content and experiences geared toward youth sneaker culture . of our 428 stores , 369 are located in the united states , puerto rico , and the u.s. virgin islands , 38 in europe , 19 in canada , and a combined 2 in australia and new zealand . these stores have an average of 1,700 selling square feet . lady foot locker — lady foot locker is a u.s. retailer of athletic footwear , apparel , and accessories dedicated to sneaker-obsessed young women . our stores provide premium sneakers and apparel , carefully selected to reflect the latest styles . lady foot locker operates 57 stores that are located in the united states and puerto rico . these stores have an average of 1,400 selling square feet . champs sports — champs sports is one of the largest mall-based specialty athletic footwear and apparel retailers in north america . with a focus on the lifestyle expression of sport , champs sports ' product categories include athletic footwear and apparel , and sport-lifestyle inspired accessories . this assortment allows champs sports to offer the best head-to-toe fashion stories representing the most powerful athletic brands , sports teams , and athletes in north america . of our 535 stores , 504 are located in the united states , puerto rico , and the u.s. virgin islands and 31 in canada . the champs sports stores have an average of 3,600 selling square feet . footaction — footaction is a north american athletic footwear and apparel retailer that offers the freshest , best edited selection of athletic lifestyle brands and looks . this banner is uniquely positioned at the intersection of sport and style , with a focus on authentic , premium product . the primary consumer is a style-obsessed , confident , influential young male who is always dressed to impress . of our 250 stores , 246 are located in the united states and puerto rico and 4 are in canada . the footaction stores have an average of 3,200 selling square feet . 15 runners point — runners point specializes in running footwear , apparel , and equipment for both performance and lifestyle purposes . this banner offers athletically inspired premium products and personalized service . runners point also caters to local running communities providing technical products , training tips and access to local running and group events , while also serving their lifestyle running needs . our 107 stores are located in germany , austria , and switzerland . runners point stores have an average of 1,300 selling square feet . sidestep — sidestep is a predominantly athletic fashion footwear banner . our 80 stores are located in germany , austria , netherlands , and switzerland . sidestep caters to a more discerning , fashion forward consumer . sidestep stores have an average of 900 selling square feet . six:02 — six:02 operates 30 stores in the united states and have an average of 2,000 selling square feet . the company has decided to close the six:02 banner during the early part of 2019 and will focus on its women 's business through our other banners . eastbay eastbay is a sporting goods direct marketer operating in the united states , providing serious high school and other athletes with a complete sports solution including athletic footwear , apparel , equipment , and team licensed merchandise for a broad range of sports . with 150 sales professionals serving the united states , eastbay team sales connects directly with thousands of high school coaches and athletic directors in offering the best performance product and premium level of service . franchise operations the company operates franchised foot locker stores located within the middle east , as well as franchised stores in germany under the runners point banner . in addition , we entered into a franchise agreement during 2017 with fox-wizel ltd for franchised stores operating in israel . a total of 122 franchised stores were operating as of february 2 , 2019 , 10 in germany and 112 in the middle east , of which 41 are in israel . story_separator_special_tag division profit for 2017 also included a non-cash impairment charge of $ 20 million related to the write-down of primarily store fixtures and leasehold improvements . six:02 recorded a charge of $ 16 million and our runners point and sidestep stores recorded a charge of $ 4 million . the effect of the impairment charges decreased the division profit rate by 30 basis points . most of the remaining decline in the division profit rate when comparing 2017 to 2016 was related to a decrease in the merchandise margin rate reflecting higher markdowns coupled with an increase in the sg & a rate . the division profit decline in 2017 was most pronounced in our european business . the 53 rd week did not have a significant effect on the overall division profit rate . 23 litigation and other charges litigation and other charges recorded totaled $ 37 million , $ 211 million , and $ 6 million for 2018 , 2017 , and 2016 , respectively . included in division profit are non-cash impairment charges recorded during 2018 , 2017 , and 2016 of $ 4 million , $ 20 million , and $ 6 million , respectively . these charges related to the write-down of store fixtures and leasehold improvements of our runners point , sidestep , and six:02 stores . additionally , in 2018 we recorded a charge of $ 15 million to write down the value of the runners point tradename . related to our pension litigation , we recorded charges totaling $ 18 million during 2018. this amount included charges of $ 13 million , which represented adjustments to the estimated cost of reformation and interest . professional fees in connection with the plan reformation were incurred totaling $ 5 million . during 2017 , the company recorded charges totaling $ 178 million related to the same matter . we reduced and reorganized our division and corporate staff during 2017 , which resulted in a charge of $ 13 million . the substantial majority of which was for severance and related costs . corporate expense replace_table_token_13_th corporate expense consists of unallocated general and administrative expenses as well as depreciation and amortization related to the company 's corporate headquarters , centrally managed departments , unallocated insurance and benefit programs , certain foreign exchange transaction gains and losses , and other items . depreciation and amortization included in corporate expense was $ 18 million , $ 16 million , and $ 14 million in 2018 , 2017 , and 2016 , respectively . the allocation of corporate expense to the operating divisions is adjusted annually based upon an internal study ; accordingly , the allocation increased by $ 40 million in 2018 , thus reducing corporate expense . excluding the corporate allocation change , corporate expense increased by $ 64 million as compared with 2017. this increase was primarily due to technology spending related to our various technology initiatives and higher incentive compensation , including the portion of share-based compensation that is tied to the company 's performance . share-based compensation increased by $ 7 million as compared with the prior year . corporate expense decreased by $ 22 million in 2017 as compared with 2016. the annual adjustment of the allocation of corporate expense to the operating divisions reduced corporate expense by $ 4 million . the remaining $ 18 million decline was primarily due to a $ 13 million decline in incentive compensation , which reflected the company 's underperformance relative to its plan . share-based compensation declined by $ 7 million and is also primarily related to the portion of share-based compensation that is tied directly to the company 's performance . additionally , the decline in corporate expense also reflected a decrease of $ 4 million relating to the 2016 corporate headquarters relocation costs . these decreases were partially offset by a $ 2 million litigation charge , increased corporate support costs , such as information technology and real estate management , and increased depreciation and amortization expense . the effect of the 53 rd week on corporate expense was not significant . interest ( income ) / expense , net replace_table_token_14_th 24 the changes during 2018 and 2017 primarily relate to the amounts earned as interest income . interest income increased by $ 6 million in 2018 as compared with 2017 and increased $ 5 million in 2017 as compared with 2016. the increase for both periods primarily represented increased income due to higher average interest rates on our cash investments . the increase in interest income during 2018 also reflected the effects of cash repatriation to the u.s. , where we earned a higher average interest rate . we did not have any short-term borrowings , other than small amounts related to capital leases , for any of the periods presented . income taxes public law 115-97 , informally known as the tax cuts and jobs act ( the “ tax act ” ) , was enacted on december 22 , 2017. the tax act significantly revised the u.s. corporate income tax by , among other things , lowering the statutory corporate tax rate from 35 percent to 21 percent , eliminating certain deductions , imposing a mandatory one-time tax on accumulated earnings of foreign subsidiaries , introducing new tax regimes , and changing how foreign earnings are subject to u.s. tax . the company made estimates of the effects and recorded provisional amounts in its 2017 financial statements as permitted under staff accounting bulletin no . 118 , income tax accounting implications of the tax cuts and jobs act ( “ sab 118 ” ) , which provided guidance on accounting for the tax act 's effects . during the fourth quarter of 2018 , we completed our accounting for the tax act based on the current facts and regulatory guidance available at the end of the sab 118 measurement period . ﻿ our effective tax rate for 2018 was

liquidity and capital resources ” section . 16 reconciliation : replace_table_token_4_th 17 notes on non-gaap adjustments : ( 1 ) litigation and other charges for 2018 includes pension-related litigation charges ( $ 18 million , or $ 13 million after-tax ) and impairment charges ( $ 19 million , or $ 18 million after-tax ) . the 2017 amount represented pension-related litigation charges ( $ 178 million , or $ 111 million after-tax ) , impairment charges ( $ 20 million , or $ 14 million after-tax ) , and severance and related costs ( $ 13 million , or $ 8 million after-tax ) . the 2016 amount represented impairment charges of $ 6 million , or $ 5 million after-tax . pension litigation - the company recorded pre-tax charges $ 18 million during 2018 , in connection with its u.s. retirement plan litigation and required plan reformation . the charge reflected $ 13 million of adjustments to the estimated cost of the reformation and interest . additionally , professional fees of $ 5 million were incurred during 2018 in connection with the plan reformation . impairment charges – the company recognized pre-tax impairment charges totaling $ 19 million , $ 20 million , and $ 6 million during the fourth quarters of 2018 , 2017 , and 2016 , respectively . these charges were associated with our six:02 , runners point , and sidestep businesses and primarily represented the write-down of the runners point tradename , store fixtures , and leasehold improvements . severance and related costs – during the third quarter of 2017 , the company recorded a pre-tax charge of $ 13 million associated with the reorganization and the reduction of staff taken to improve efficiency . ( 2 ) on december 22 , 2017 , the united states enacted tax reform legislation that included a broad range of business tax provisions .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources ” section . 16 reconciliation : replace_table_token_4_th 17 notes on non-gaap adjustments : ( 1 ) litigation and other charges for 2018 includes pension-related litigation charges ( $ 18 million , or $ 13 million after-tax ) and impairment charges ( $ 19 million , or $ 18 million after-tax ) . the 2017 amount represented pension-related litigation charges ( $ 178 million , or $ 111 million after-tax ) , impairment charges ( $ 20 million , or $ 14 million after-tax ) , and severance and related costs ( $ 13 million , or $ 8 million after-tax ) . the 2016 amount represented impairment charges of $ 6 million , or $ 5 million after-tax . pension litigation - the company recorded pre-tax charges $ 18 million during 2018 , in connection with its u.s. retirement plan litigation and required plan reformation . the charge reflected $ 13 million of adjustments to the estimated cost of the reformation and interest . additionally , professional fees of $ 5 million were incurred during 2018 in connection with the plan reformation . impairment charges – the company recognized pre-tax impairment charges totaling $ 19 million , $ 20 million , and $ 6 million during the fourth quarters of 2018 , 2017 , and 2016 , respectively . these charges were associated with our six:02 , runners point , and sidestep businesses and primarily represented the write-down of the runners point tradename , store fixtures , and leasehold improvements . severance and related costs – during the third quarter of 2017 , the company recorded a pre-tax charge of $ 13 million associated with the reorganization and the reduction of staff taken to improve efficiency . ( 2 ) on december 22 , 2017 , the united states enacted tax reform legislation that included a broad range of business tax provisions .
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 Suspicious Activity Report : we opened an asian headquarters in singapore and realigned our organization into three distinct geographic regions : europe , middle east and africa ( emea ) , asia pacific , and north america . the company will reevaluate during the first quarter of 2019 our operating segments and reporting units as a result of this change . 14 store and operations profile replace_table_token_3_th we operated 3,221 stores as of the end of 2018. the following is a brief description of each of our banners : foot locker — foot locker is a leading global youth culture brand that connects the sneaker obsessed consumer with the most innovative and culturally relevant sneakers and apparel . across all our consumer touchpoints , foot locker enables consumers to fulfill their desire to be part of sneaker and youth culture . we curate special product assortments and marketing content that supports our premium position – from leading global brands such as nike , jordan , adidas , and puma , as well as new and emerging brands in the athletic and lifestyle space . we connect emotionally with our consumers through a combination of global brand events and highly targeted and personalized experiences in local markets . foot locker 's 1,734 stores are located in 27 countries including 886 in the united states , puerto rico , u.s. virgin islands , and guam , 107 in canada , 642 in europe , a combined 94 in australia and new zealand , and 5 in asia . our domestic stores have an average of 2,700 selling square feet and our international stores have an average of 1,700 selling square feet . kids foot locker — kids foot locker offers the largest selection of brand-name athletic footwear , apparel and accessories for children . we feature products , content and experiences geared toward youth sneaker culture . of our 428 stores , 369 are located in the united states , puerto rico , and the u.s. virgin islands , 38 in europe , 19 in canada , and a combined 2 in australia and new zealand . these stores have an average of 1,700 selling square feet . lady foot locker — lady foot locker is a u.s. retailer of athletic footwear , apparel , and accessories dedicated to sneaker-obsessed young women . our stores provide premium sneakers and apparel , carefully selected to reflect the latest styles . lady foot locker operates 57 stores that are located in the united states and puerto rico . these stores have an average of 1,400 selling square feet . champs sports — champs sports is one of the largest mall-based specialty athletic footwear and apparel retailers in north america . with a focus on the lifestyle expression of sport , champs sports ' product categories include athletic footwear and apparel , and sport-lifestyle inspired accessories . this assortment allows champs sports to offer the best head-to-toe fashion stories representing the most powerful athletic brands , sports teams , and athletes in north america . of our 535 stores , 504 are located in the united states , puerto rico , and the u.s. virgin islands and 31 in canada . the champs sports stores have an average of 3,600 selling square feet . footaction — footaction is a north american athletic footwear and apparel retailer that offers the freshest , best edited selection of athletic lifestyle brands and looks . this banner is uniquely positioned at the intersection of sport and style , with a focus on authentic , premium product . the primary consumer is a style-obsessed , confident , influential young male who is always dressed to impress . of our 250 stores , 246 are located in the united states and puerto rico and 4 are in canada . the footaction stores have an average of 3,200 selling square feet . 15 runners point — runners point specializes in running footwear , apparel , and equipment for both performance and lifestyle purposes . this banner offers athletically inspired premium products and personalized service . runners point also caters to local running communities providing technical products , training tips and access to local running and group events , while also serving their lifestyle running needs . our 107 stores are located in germany , austria , and switzerland . runners point stores have an average of 1,300 selling square feet . sidestep — sidestep is a predominantly athletic fashion footwear banner . our 80 stores are located in germany , austria , netherlands , and switzerland . sidestep caters to a more discerning , fashion forward consumer . sidestep stores have an average of 900 selling square feet . six:02 — six:02 operates 30 stores in the united states and have an average of 2,000 selling square feet . the company has decided to close the six:02 banner during the early part of 2019 and will focus on its women 's business through our other banners . eastbay eastbay is a sporting goods direct marketer operating in the united states , providing serious high school and other athletes with a complete sports solution including athletic footwear , apparel , equipment , and team licensed merchandise for a broad range of sports . with 150 sales professionals serving the united states , eastbay team sales connects directly with thousands of high school coaches and athletic directors in offering the best performance product and premium level of service . franchise operations the company operates franchised foot locker stores located within the middle east , as well as franchised stores in germany under the runners point banner . in addition , we entered into a franchise agreement during 2017 with fox-wizel ltd for franchised stores operating in israel . a total of 122 franchised stores were operating as of february 2 , 2019 , 10 in germany and 112 in the middle east , of which 41 are in israel . story_separator_special_tag division profit for 2017 also included a non-cash impairment charge of $ 20 million related to the write-down of primarily store fixtures and leasehold improvements . six:02 recorded a charge of $ 16 million and our runners point and sidestep stores recorded a charge of $ 4 million . the effect of the impairment charges decreased the division profit rate by 30 basis points . most of the remaining decline in the division profit rate when comparing 2017 to 2016 was related to a decrease in the merchandise margin rate reflecting higher markdowns coupled with an increase in the sg & a rate . the division profit decline in 2017 was most pronounced in our european business . the 53 rd week did not have a significant effect on the overall division profit rate . 23 litigation and other charges litigation and other charges recorded totaled $ 37 million , $ 211 million , and $ 6 million for 2018 , 2017 , and 2016 , respectively . included in division profit are non-cash impairment charges recorded during 2018 , 2017 , and 2016 of $ 4 million , $ 20 million , and $ 6 million , respectively . these charges related to the write-down of store fixtures and leasehold improvements of our runners point , sidestep , and six:02 stores . additionally , in 2018 we recorded a charge of $ 15 million to write down the value of the runners point tradename . related to our pension litigation , we recorded charges totaling $ 18 million during 2018. this amount included charges of $ 13 million , which represented adjustments to the estimated cost of reformation and interest . professional fees in connection with the plan reformation were incurred totaling $ 5 million . during 2017 , the company recorded charges totaling $ 178 million related to the same matter . we reduced and reorganized our division and corporate staff during 2017 , which resulted in a charge of $ 13 million . the substantial majority of which was for severance and related costs . corporate expense replace_table_token_13_th corporate expense consists of unallocated general and administrative expenses as well as depreciation and amortization related to the company 's corporate headquarters , centrally managed departments , unallocated insurance and benefit programs , certain foreign exchange transaction gains and losses , and other items . depreciation and amortization included in corporate expense was $ 18 million , $ 16 million , and $ 14 million in 2018 , 2017 , and 2016 , respectively . the allocation of corporate expense to the operating divisions is adjusted annually based upon an internal study ; accordingly , the allocation increased by $ 40 million in 2018 , thus reducing corporate expense . excluding the corporate allocation change , corporate expense increased by $ 64 million as compared with 2017. this increase was primarily due to technology spending related to our various technology initiatives and higher incentive compensation , including the portion of share-based compensation that is tied to the company 's performance . share-based compensation increased by $ 7 million as compared with the prior year . corporate expense decreased by $ 22 million in 2017 as compared with 2016. the annual adjustment of the allocation of corporate expense to the operating divisions reduced corporate expense by $ 4 million . the remaining $ 18 million decline was primarily due to a $ 13 million decline in incentive compensation , which reflected the company 's underperformance relative to its plan . share-based compensation declined by $ 7 million and is also primarily related to the portion of share-based compensation that is tied directly to the company 's performance . additionally , the decline in corporate expense also reflected a decrease of $ 4 million relating to the 2016 corporate headquarters relocation costs . these decreases were partially offset by a $ 2 million litigation charge , increased corporate support costs , such as information technology and real estate management , and increased depreciation and amortization expense . the effect of the 53 rd week on corporate expense was not significant . interest ( income ) / expense , net replace_table_token_14_th 24 the changes during 2018 and 2017 primarily relate to the amounts earned as interest income . interest income increased by $ 6 million in 2018 as compared with 2017 and increased $ 5 million in 2017 as compared with 2016. the increase for both periods primarily represented increased income due to higher average interest rates on our cash investments . the increase in interest income during 2018 also reflected the effects of cash repatriation to the u.s. , where we earned a higher average interest rate . we did not have any short-term borrowings , other than small amounts related to capital leases , for any of the periods presented . income taxes public law 115-97 , informally known as the tax cuts and jobs act ( the “ tax act ” ) , was enacted on december 22 , 2017. the tax act significantly revised the u.s. corporate income tax by , among other things , lowering the statutory corporate tax rate from 35 percent to 21 percent , eliminating certain deductions , imposing a mandatory one-time tax on accumulated earnings of foreign subsidiaries , introducing new tax regimes , and changing how foreign earnings are subject to u.s. tax . the company made estimates of the effects and recorded provisional amounts in its 2017 financial statements as permitted under staff accounting bulletin no . 118 , income tax accounting implications of the tax cuts and jobs act ( “ sab 118 ” ) , which provided guidance on accounting for the tax act 's effects . during the fourth quarter of 2018 , we completed our accounting for the tax act based on the current facts and regulatory guidance available at the end of the sab 118 measurement period . ﻿ our effective tax rate for 2018 was

