with this we are able to provide broader offerings to our customers using off-the-shelf blanks combined with our decoration and retail packaging services . this has allowed us to gain market share with retail licensing customers , who previously had to dual source products . we anticipate the convenience and wider range of offerings will continue to gain traction with customers , driving continued growth in the basics segment . during the year we also completed the move of our print development offshore and have doubled the size of our el salvador screen printing operations . the resources that we have invested in printing provide us with new technologies and printing techniques that should enable us to satisfy the growing demand for decoration services . our manufacturing expansion project is also currently underway . we are expanding textile operations at our ceiba textile plant in honduras , as well as expanding sewing operations in that country . as output from these facilities is increased , it will leverage our fixed costs driving lower product costs and improved margins . in january 2013 , we opened a third-party operated distribution center in canada to support the growing customer base in that country . we are taking a further step to broaden our footprint with a distribution center in dallas , texas . the dallas distribution facility will be third-party operated , minimizing the need for capital investment on our part . serving key markets throughout texas and surrounding states , it will enable us to offer one day shipping to customers as well as serving as a customer pick-up point in that location . in addition to better serving our existing customer base and providing a platform to attract new customers , the new distribution center should also lower our overall freight cost to customers in the southwest . we expect to begin shipping from the facility by december 2013 and be fully functional for the spring selling season . on august 27 , 2013 we completed the acquisition of the assets of salt life holdings , llc , including all domestic and international trademark rights to the salt life brand . we are excited to add this fast-growing lifestyle brand to our portfolio of brands . the purchase price consisted of $ 15 million of cash , two promissory notes in the aggregate amount of $ 22 million , and a contingent payment if certain performance targets are met with respect to sales levels in calendar 2019. we financed the cash portion of the purchase price through an amendment to our u.s. asset-based secured revolving credit facility . having worked with salt life under a license agreement for the past two years , we have grown the geographic distribution of the brand from a single market in florida , to more than 1,500 retail doors from texas up the coast to the northeast . the acquisition of salt life continues our strategy of building lifestyle brands that take advantage of our creative capabilities , vertical manufacturing platform and international sourcing competencies . we are excited about the opportunities we have as owners of the salt life brand . we plan to greatly increase the investment in consumer advertising and point of sale branding to further build core consumer appeal for each of the groups of salt life enthusiasts - surfers , divers , fishermen and beach goers , and the millions of other consumers who long to live the salt life . while this acquisition will have minimal impact on our revenue and earnings in the upcoming year , we expect it to be a key growth catalyst in the future . we look forward to the many opportunities we will build upon for strong continued growth with the salt life brand . we have also decided to change our fiscal year-end from june to september . this move will better align our planning , financial and reporting functions with the seasonality of the business and should provide investors with more timely information that better reflects the operations of the business . from now on , our fiscal year will end on the saturday closest to september 30. we will have a three-month bridge period ending on september 28 , 2013. our fiscal 2014 will then begin on september 29 , 2013 and end on september 27 , 2014. earnings guidance for the three month bridge period ending september 28 , 2013 , we expect sales in the range of $ 130 million to $ 132 million . we are expecting continued sales growth in each of our business units except soffe , which is expected to have continued softness through the fall . earnings are expected to be $ 0.30 to $ 0.35 per share in this three month period . this includes approximately $ 0.14 per share of one-time costs , comprising $ 0.11 related to the wendell closing and $ 0.03 related to the salt life acquisition . for the new fiscal year ending september 27 , 2014 , we anticipate revenue to be in the $ 500 to $ 510 million range and earnings to come in at $ 2.00 to $ 2.10 per diluted share . 16 our fiscal year 2014 guidance is based on the following assumptions : organic sales growth in each of our business units . the sales growth is expected to come from higher volumes , which in some cases will be offsetting lower average selling prices . cotton remains at the current prices in the mid-80 cent range with basic tee prices remain level . while cotton prices have moderated considerably from the volatility experienced in the past two years , speculators in the market and potential changes in china 's cotton policy continue to make cotton prices quite volatile . story_separator_special_tag we estimate returns and allowances on an ongoing basis by considering historical and current trends . royalty revenue is primarily derived from royalties paid to us by licensees of our intellectual property rights , which include , among other things , trademarks and copyrights . we execute license agreements with our licensees detailing the terms of the licensing arrangement . royalties are generally recognized upon receipt of the licensees ' royalty report , in accordance with the terms of the executed license agreement , and when all other revenue recognition criteria have been met . accounts receivable and related reserves in the normal course of business , we extend credit to our customers based upon defined credit criteria . accounts receivable , as shown on our consolidated balance sheets , are net of related reserves . we estimate the net collectibility of our accounts receivable and establish an allowance for doubtful accounts based upon this assessment . in situations where we are aware of a specific customer 's inability to meet its financial obligation , such as in the case of a bankruptcy filing , a specific reserve for bad debts is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . for all other customers , reserves are determined through analysis of the aging of accounts receivable balances , historical bad debts , customer concentrations , customer credit-worthiness , current economic trends and changes in customer payment terms . in addition , reserves are established for other concessions that have been extended to customers , including advertising , markdowns and other accommodations , net of historical recoveries . these reserves are determined based upon historical deduction trends and evaluation of current market conditions . significant changes in customer concentration or payment terms , deterioration of customer credit-worthiness or further weakening in economic trends could have a significant impact on the collectibility of receivables and our operating results . inventories and related reserves we state inventories at the lower of cost or market using the first-in , first-out method . inventory cost includes materials , labor and manufacturing overhead on manufactured inventory , and all direct and associated costs , including inbound freight , to acquire sourced products . we regularly review inventory quantities on hand and record reserves for obsolescence , excess quantities , irregulars and slow moving inventory based on historical selling prices , current market conditions , and forecasted product demand to reduce inventory to its net realizable value . if actual selling prices are less favorable than those projected , or if sell-through of the inventory is more difficult than anticipated , additional inventory reserves may be required . during the second quarter of fiscal year 2012 , we recorded a $ 16.2 million lower of cost or market write-down on the inventory in the basics segment and its firm purchase commitments for yarn resulting from historically high cotton prices in its inventory costs combined with declining selling prices . the estimation of the total write-down involved management judgments and assumptions including assumptions regarding future selling price forecasts , the allocation of raw materials between business units , the estimated costs to complete , disposal costs and a normal profit margin . the inventory and yarn firm purchase commitments associated with this inventory write-down was sold during our fiscal year 2012 . 21 goodwill and contingent consideration goodwill and definite-lived intangibles were recorded in conjunction with our acquisitions of junkfood clothing company and art gun . we did not record any separately identifiable indefinite-lived intangibles associated with either of these acquisitions . goodwill represents the excess of the purchase price and related costs over the value assigned to net tangible and identifiable intangible assets of businesses acquired . goodwill must be tested for impairment at least annually , or more frequently if events or changes in circumstances indicate that the carrying amount may be impaired , and is required to be written down when impaired . the goodwill impairment testing process involves the use of significant assumptions , estimates and judgments with respect to a variety of factors , including sales , gross margins , selling , general and administrative expenses , capital expenditures , cash flows and the selection of an appropriate discount rate , all of which are subject to inherent uncertainties and subjectivity . when we perform goodwill impairment testing , our assumptions are based on annual business plans and other forecasted results , which we believe represent those of a market participant . we select a discount rate , which is used to reflect market-based estimates of the risks associated with the projected cash flows , based on the best information available as of the date of the impairment assessment . in our second quarter of fiscal year 2011 , we identified indicators of impairment on the art gun goodwill . the test of impairment indicated that the goodwill at art gun was fully impaired , resulting in a $ 0.6 million impairment charge recorded in the fiscal quarter ended january 1 , 2011. see note 2 ( m ) - significant accounting policies to the consolidated financial statements for further information regarding our remeasurement of contingent consideration and testing for goodwill impairment , which information is herein incorporated by reference . given the current macro-economic environment and the uncertainties regarding its potential impact on our business , there can be no assurance that our estimates and assumptions used in our impairment tests will prove to be accurate predictions of the future . if our assumptions regarding forecasted cash flows are not achieved , it is possible that an impairment review may be triggered and goodwill may be determined to be impaired . income taxes we account for income taxes under the liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their

cash used by financing activities was $ 24.2 million in fiscal year 2013 compared to cash provided by financing activities of $ 25.5 million in fiscal year 2012. in fiscal year 2013 , we used cash to reduce our outstanding debt and for the purchase of our common stock . in fiscal year 2012 , the cash was primarily provided from our u.s. revolving credit facility and used for working capital , for capital expenditures and for the purchase of our common stock . 19 future liquidity and capital resources based on our expectations , we believe that our credit facility should be sufficient to satisfy our foreseeable working capital needs , and that the cash flow generated by our operations and funds available under our credit line should be sufficient to service our debt payment requirements , to satisfy our day-to-day working capital needs and to fund our planned capital expenditures . any material deterioration in our results of operations , however , may result in our losing the ability to borrow under our revolving credit facility and to issue letters of credit to suppliers , or may cause the borrowing availability under our facility to be insufficient for our needs . the following table summarizes our contractual cash obligations , as of june 29 , 2013 , by future period . replace_table_token_4_th ( a ) we exclude interest payments from these amounts because the cash outlay for the interest is unknown and can not be reliably estimated because the majority of the debt is under a revolving credit facility . interest payments will be determined based upon the daily outstanding balance of the revolving credit facility and the prevailing interest rate during that time . ( b ) we excluded deferred income tax liabilities of $ 4.5 million from the contractual cash obligations table because we believe inclusion would not be meaningful .


 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.
     ```cash used by financing activities was $ 24.2 million in fiscal year 2013 compared to cash provided by financing activities of $ 25.5 million in fiscal year 2012. in fiscal year 2013 , we used cash to reduce our outstanding debt and for the purchase of our common stock . in fiscal year 2012 , the cash was primarily provided from our u.s. revolving credit facility and used for working capital , for capital expenditures and for the purchase of our common stock . 19 future liquidity and capital resources based on our expectations , we believe that our credit facility should be sufficient to satisfy our foreseeable working capital needs , and that the cash flow generated by our operations and funds available under our credit line should be sufficient to service our debt payment requirements , to satisfy our day-to-day working capital needs and to fund our planned capital expenditures . any material deterioration in our results of operations , however , may result in our losing the ability to borrow under our revolving credit facility and to issue letters of credit to suppliers , or may cause the borrowing availability under our facility to be insufficient for our needs . the following table summarizes our contractual cash obligations , as of june 29 , 2013 , by future period . replace_table_token_4_th ( a ) we exclude interest payments from these amounts because the cash outlay for the interest is unknown and can not be reliably estimated because the majority of the debt is under a revolving credit facility . interest payments will be determined based upon the daily outstanding balance of the revolving credit facility and the prevailing interest rate during that time . ( b ) we excluded deferred income tax liabilities of $ 4.5 million from the contractual cash obligations table because we believe inclusion would not be meaningful .
```    
 Suspicious Activity Report : with this we are able to provide broader offerings to our customers using off-the-shelf blanks combined with our decoration and retail packaging services . this has allowed us to gain market share with retail licensing customers , who previously had to dual source products . we anticipate the convenience and wider range of offerings will continue to gain traction with customers , driving continued growth in the basics segment . during the year we also completed the move of our print development offshore and have doubled the size of our el salvador screen printing operations . the resources that we have invested in printing provide us with new technologies and printing techniques that should enable us to satisfy the growing demand for decoration services . our manufacturing expansion project is also currently underway . we are expanding textile operations at our ceiba textile plant in honduras , as well as expanding sewing operations in that country . as output from these facilities is increased , it will leverage our fixed costs driving lower product costs and improved margins . in january 2013 , we opened a third-party operated distribution center in canada to support the growing customer base in that country . we are taking a further step to broaden our footprint with a distribution center in dallas , texas . the dallas distribution facility will be third-party operated , minimizing the need for capital investment on our part . serving key markets throughout texas and surrounding states , it will enable us to offer one day shipping to customers as well as serving as a customer pick-up point in that location . in addition to better serving our existing customer base and providing a platform to attract new customers , the new distribution center should also lower our overall freight cost to customers in the southwest . we expect to begin shipping from the facility by december 2013 and be fully functional for the spring selling season . on august 27 , 2013 we completed the acquisition of the assets of salt life holdings , llc , including all domestic and international trademark rights to the salt life brand . we are excited to add this fast-growing lifestyle brand to our portfolio of brands . the purchase price consisted of $ 15 million of cash , two promissory notes in the aggregate amount of $ 22 million , and a contingent payment if certain performance targets are met with respect to sales levels in calendar 2019. we financed the cash portion of the purchase price through an amendment to our u.s. asset-based secured revolving credit facility . having worked with salt life under a license agreement for the past two years , we have grown the geographic distribution of the brand from a single market in florida , to more than 1,500 retail doors from texas up the coast to the northeast . the acquisition of salt life continues our strategy of building lifestyle brands that take advantage of our creative capabilities , vertical manufacturing platform and international sourcing competencies . we are excited about the opportunities we have as owners of the salt life brand . we plan to greatly increase the investment in consumer advertising and point of sale branding to further build core consumer appeal for each of the groups of salt life enthusiasts - surfers , divers , fishermen and beach goers , and the millions of other consumers who long to live the salt life . while this acquisition will have minimal impact on our revenue and earnings in the upcoming year , we expect it to be a key growth catalyst in the future . we look forward to the many opportunities we will build upon for strong continued growth with the salt life brand . we have also decided to change our fiscal year-end from june to september . this move will better align our planning , financial and reporting functions with the seasonality of the business and should provide investors with more timely information that better reflects the operations of the business . from now on , our fiscal year will end on the saturday closest to september 30. we will have a three-month bridge period ending on september 28 , 2013. our fiscal 2014 will then begin on september 29 , 2013 and end on september 27 , 2014. earnings guidance for the three month bridge period ending september 28 , 2013 , we expect sales in the range of $ 130 million to $ 132 million . we are expecting continued sales growth in each of our business units except soffe , which is expected to have continued softness through the fall . earnings are expected to be $ 0.30 to $ 0.35 per share in this three month period . this includes approximately $ 0.14 per share of one-time costs , comprising $ 0.11 related to the wendell closing and $ 0.03 related to the salt life acquisition . for the new fiscal year ending september 27 , 2014 , we anticipate revenue to be in the $ 500 to $ 510 million range and earnings to come in at $ 2.00 to $ 2.10 per diluted share . 16 our fiscal year 2014 guidance is based on the following assumptions : organic sales growth in each of our business units . the sales growth is expected to come from higher volumes , which in some cases will be offsetting lower average selling prices . cotton remains at the current prices in the mid-80 cent range with basic tee prices remain level . while cotton prices have moderated considerably from the volatility experienced in the past two years , speculators in the market and potential changes in china 's cotton policy continue to make cotton prices quite volatile . story_separator_special_tag we estimate returns and allowances on an ongoing basis by considering historical and current trends . royalty revenue is primarily derived from royalties paid to us by licensees of our intellectual property rights , which include , among other things , trademarks and copyrights . we execute license agreements with our licensees detailing the terms of the licensing arrangement . royalties are generally recognized upon receipt of the licensees ' royalty report , in accordance with the terms of the executed license agreement , and when all other revenue recognition criteria have been met . accounts receivable and related reserves in the normal course of business , we extend credit to our customers based upon defined credit criteria . accounts receivable , as shown on our consolidated balance sheets , are net of related reserves . we estimate the net collectibility of our accounts receivable and establish an allowance for doubtful accounts based upon this assessment . in situations where we are aware of a specific customer 's inability to meet its financial obligation , such as in the case of a bankruptcy filing , a specific reserve for bad debts is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . for all other customers , reserves are determined through analysis of the aging of accounts receivable balances , historical bad debts , customer concentrations , customer credit-worthiness , current economic trends and changes in customer payment terms . in addition , reserves are established for other concessions that have been extended to customers , including advertising , markdowns and other accommodations , net of historical recoveries . these reserves are determined based upon historical deduction trends and evaluation of current market conditions . significant changes in customer concentration or payment terms , deterioration of customer credit-worthiness or further weakening in economic trends could have a significant impact on the collectibility of receivables and our operating results . inventories and related reserves we state inventories at the lower of cost or market using the first-in , first-out method . inventory cost includes materials , labor and manufacturing overhead on manufactured inventory , and all direct and associated costs , including inbound freight , to acquire sourced products . we regularly review inventory quantities on hand and record reserves for obsolescence , excess quantities , irregulars and slow moving inventory based on historical selling prices , current market conditions , and forecasted product demand to reduce inventory to its net realizable value . if actual selling prices are less favorable than those projected , or if sell-through of the inventory is more difficult than anticipated , additional inventory reserves may be required . during the second quarter of fiscal year 2012 , we recorded a $ 16.2 million lower of cost or market write-down on the inventory in the basics segment and its firm purchase commitments for yarn resulting from historically high cotton prices in its inventory costs combined with declining selling prices . the estimation of the total write-down involved management judgments and assumptions including assumptions regarding future selling price forecasts , the allocation of raw materials between business units , the estimated costs to complete , disposal costs and a normal profit margin . the inventory and yarn firm purchase commitments associated with this inventory write-down was sold during our fiscal year 2012 . 21 goodwill and contingent consideration goodwill and definite-lived intangibles were recorded in conjunction with our acquisitions of junkfood clothing company and art gun . we did not record any separately identifiable indefinite-lived intangibles associated with either of these acquisitions . goodwill represents the excess of the purchase price and related costs over the value assigned to net tangible and identifiable intangible assets of businesses acquired . goodwill must be tested for impairment at least annually , or more frequently if events or changes in circumstances indicate that the carrying amount may be impaired , and is required to be written down when impaired . the goodwill impairment testing process involves the use of significant assumptions , estimates and judgments with respect to a variety of factors , including sales , gross margins , selling , general and administrative expenses , capital expenditures , cash flows and the selection of an appropriate discount rate , all of which are subject to inherent uncertainties and subjectivity . when we perform goodwill impairment testing , our assumptions are based on annual business plans and other forecasted results , which we believe represent those of a market participant . we select a discount rate , which is used to reflect market-based estimates of the risks associated with the projected cash flows , based on the best information available as of the date of the impairment assessment . in our second quarter of fiscal year 2011 , we identified indicators of impairment on the art gun goodwill . the test of impairment indicated that the goodwill at art gun was fully impaired , resulting in a $ 0.6 million impairment charge recorded in the fiscal quarter ended january 1 , 2011. see note 2 ( m ) - significant accounting policies to the consolidated financial statements for further information regarding our remeasurement of contingent consideration and testing for goodwill impairment , which information is herein incorporated by reference . given the current macro-economic environment and the uncertainties regarding its potential impact on our business , there can be no assurance that our estimates and assumptions used in our impairment tests will prove to be accurate predictions of the future . if our assumptions regarding forecasted cash flows are not achieved , it is possible that an impairment review may be triggered and goodwill may be determined to be impaired . income taxes we account for income taxes under the liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their

