net sales are historically higher in the fourth quarter due primarily to the impact of our annual elfa® sale , which begins on december 24 th and traditionally runs into february . gross profit and gross margin gross profit is equal to our net sales less cost of sales . gross profit as a percentage of net sales is referred to as gross margin . cost of sales in our tcs segment includes the purchase cost of inventory less vendor rebates , in-bound freight , as well as inventory shrinkage . costs incurred to ship or deliver merchandise to customers , as well as direct installation costs , are also included in cost of sales in our tcs segment . elfa segment cost of sales from manufacturing operations includes costs associated with production , primarily material , wages , freight and other variable costs , and applicable manufacturing overhead . the components of our cost of sales may not be comparable to the components of cost of sales or similar measures by other retailers . as a result , data in this report regarding our gross profit and gross margin may not be comparable to similar data made available by other retailers . our gross profit is variable in nature and generally follows changes in net sales . our gross margin can be impacted by changes in the mix of products sold . for example , sales from our tcs segment typically provide a higher gross margin than sales to third parties from our elfa segment . gross margin for our tcs segment is also susceptible to foreign currency risk as purchases of elfa® products from our elfa segment are in swedish krona , while sales of these products are in u.s. dollars . we mitigate this risk through the use of forward contracts , whereby we hedge purchases of inventory by locking in foreign currency exchange rates in advance . similarly , gross margin for our elfa segment is susceptible to foreign currency risk as certain purchases of raw materials are transacted in currencies other than swedish krona , which is the functional currency of elfa . 41 selling , general and administrative expenses selling , general and administrative expenses include all operating costs not included in cost of sales , stock-based compensation , and pre-opening costs . for our tcs segment , these include all payroll and payroll-related expenses , marketing expenses , all occupancy expenses ( which include rent , real estate taxes , common area maintenance , utilities , telephone , property insurance , and repairs and maintenance ) , costs to ship product from the distribution center to our stores , and supplies expenses . we also incur costs for our distribution and corporate office operations . for our elfa segment , these include sales and marketing expenses , product development costs , and all expenses related to operations at headquarters . depreciation and amortization are excluded from both gross profit and selling , general and administrative expenses . selling , general and administrative expenses include both fixed and variable components and , therefore , is not directly correlated with net sales . the components of our selling , general and administrative expenses may not be comparable to the components of similar measures of other retailers . we expect that our selling , general and administrative expenses will increase in future periods with expected future store growth . pre-opening costs non-capital expenditures associated with opening new stores and relocating stores , including rent , marketing expenses , travel and relocation costs , and training costs , are expensed as incurred and are included in pre-opening costs in the consolidated statement of operations . comparable store sales a store is included in the comparable store sales calculation on the first day of the sixteenth full fiscal month following the store 's opening . when a store is relocated , we continue to consider sales from that store to be comparable store sales . net sales from our website and call center are also included in calculations of comparable store sales . the comparable store sales growth operating measure in a given period is based on merchandise orders placed in that period , which may not always reflect when the merchandise is delivered to the customer . comparable store sales allow us to evaluate how our retail store base is performing by measuring the change in period-over-period net sales in stores that have been open for fifteen months or more . the comparable store sales growth metric is an operating measure intended only as supplemental information and is not a substitute for net sales presented in accordance with generally accepted accounting principles . various factors affect comparable store sales , including : national and regional economic trends in the united states ; changes in our merchandise mix ; changes in pricing ; changes in timing of promotional events or holidays ; and weather . opening new stores is an important part of our growth strategy . as we continue to pursue our growth strategy , we anticipate that a significant percentage of our net sales will come from stores not included in our comparable store sales calculation . accordingly , comparable store sales is only one measure we use to assess the success of our growth strategy . 42 average ticket average ticket for all periods is calculated by dividing ( a ) sales of merchandise by our tcs segment for that period ( regardless of whether such sales are included in comparable store sales for such period ) by ( b ) the number of transactions for that period comprising such sales . historically , the average ticket for our elfa® department has been significantly higher than our overall average ticket . average ticket is an operating measure intended only as supplemental information and is not a substitute for net sales presented in accordance with generally accepted accounting principles . story_separator_special_tag gross profit and gross margin gross profit in fiscal 2013 increased by $ 24,172 , or 5.8 % , compared to fiscal 2012. the increase in gross profit was primarily the result of increased sales . the following table summarizes the gross margin for fiscal 2013 and fiscal 2012 by segment and total . the segment margins include the impact of inter-segment sales from the elfa segment to the tcs segment : replace_table_token_17_th tcs gross margin declined by 80 basis points , primarily due to the appreciation of the swedish krona against the u.s. dollar . elfa gross margin improved primarily due to lower direct material costs compared to the same time period in fiscal 2012. on a consolidated basis , gross margin remained consistent due to a larger percentage of net sales coming from the more profitable tcs segment . selling , general and administrative expenses selling , general and administrative expenses in fiscal 2013 increased by $ 23,174 , or 7.0 % , compared to the fiscal 2012. the increase in selling , general and administrative expenses was primarily due to the increase in sales . the following table summarizes selling , general and administrative expenses as a percentage of consolidated net sales for fiscal 2013 and fiscal 2012 : replace_table_token_18_th selling , general and administrative expenses increased by 50 basis points as a percentage of total net sales . the increase was primarily due to a larger percentage of net sales coming from the tcs segment , whose selling , general , and administrative expenses are higher as a percentage of net sales than the elfa segment . on a stand-alone basis , selling , general , and administrative expenses for the tcs segment and elfa segment remained consistent as a percentage of each segment 's net sales year over year . stock-based compensation we recorded $ 15,137 of stock-based compensation expense in fiscal 2013 , primarily related to stock options granted under the 2013 equity plan which immediately vested upon closing of our ipo , as well as the modification of outstanding stock options granted under the 2012 equity plan to provide for immediate vesting as of october 31 , 2013 . 50 pre-opening costs pre-opening costs decreased $ 890 , or 11.8 % in fiscal 2013 to $ 6,672 , as compared to $ 7,562 in fiscal 2012. we incurred pre-opening costs for eight stores in fiscal 2013 , six of which opened in fiscal 2013 ( five new stores and one relocation ) , and two of which will open in the first quarter of fiscal 2014. these costs were less than those incurred in fiscal 2012 for eight stores , as savings were realized in costs associated with the store openings in the current fiscal year . trade name impairment trade name impairment expense was zero in fiscal 2013 as compared to $ 15,533 in fiscal 2012. all impairment expense incurred in fiscal 2012 was related to the elfa segment . during fiscal 2012 , elfa was experiencing a challenging economic climate in europe , which resulted in elfa not achieving its third party sales and profit forecasts in fiscal 2012. the impairment expense in fiscal 2012 was related to the elfa trade name and was calculated using a relief from royalty discounted cash flow analysis . restructuring charges restructuring charges decreased $ 5,837 , or 91.6 % in fiscal 2013 to $ 532 as compared to $ 6,369 in fiscal 2012. during fiscal 2012 , elfa implemented a plan to restructure its business operations to improve efficiency . in conjunction with these efforts , a subsidiary in germany was sold and a manufacturing facility in norway was shut down and consolidated into a like facility in sweden . additionally , certain head office functions in sales and marketing were relocated from the västervik , sweden , manufacturing location to the group headquarters in malmö , sweden . most of the costs associated with these restructuring efforts were incurred in fiscal 2012 and the first half of fiscal 2013. other expenses other expenses increased $ 598 , or 60.6 % in fiscal 2013 to $ 1,585 as compared to $ 987 in fiscal 2012. the increase is primarily due to costs incurred in conjunction with our ipo . interest expense interest expense remained consistent in fiscal 2013 at $ 21,185 as compared to $ 21,388 in fiscal 2012 , primarily due to additional borrowings on the senior secured term loan facility , offset by lower interest rates . in april 2013 , the container store , inc. executed an amendment to the senior secured term loan facility ( the `` increase and repricing transactions `` ) , whereby borrowings under the senior secured term loan facility were increased by $ 90,000 and accrued interest at a lower rate of libor plus 4.25 % , subject to a libor floor of 1.25 % . prior to the increase and repricing transactions , the senior secured term loan facility accrued interest at a rate of libor plus 5.0 % , subject to a libor floor of 1.25 % . further , in november 2013 , a second amendment was executed to the senior secured term loan facility ( the `` repricing transaction `` ) . the senior secured term loan facility now accrues interest at a rate of libor + 3.25 % , subject to a libor floor of 1.00 % . additionally , a $ 31,000 repayment on the senior secured term loan facility was made in november 2013. loss on extinguishment of debt loss on extinguishment of debt decreased $ 6,104 , or 83.2 % , to $ 1,229 in fiscal 2013 as compared to $ 7,333 in fiscal 2012. in fiscal 2013 , we recorded expenses of $ 1,229 associated with the increase and repricing transactions in april 2013 and the repricing transaction in november 2013 , including the acceleration of deferred financing costs , legal fees , and other associated costs

net cash used in investing activities investing activities consist primarily of capital expenditures for new store openings , existing store remodels , infrastructure , information systems , and our distribution center . our total capital expenditures for the fiscal year ended february 28 , 2015 were $ 48,740 with new store openings and existing store remodels accounting for the majority of spending at $ 30,299. the remaining capital expenditures of $ 18,441 were primarily for investments in infrastructure to support growth and strategic initiatives , as well as elfa manufacturing facility enhancements . additionally , the company received net proceeds of $ 4,796 during fiscal 2014 , of which $ 3,846 related to the sale of a norwegian subsidiary , whose primary asset was a manufacturing facility that was shut down and consolidated into a like facility in sweden as part of elfa 's restructuring efforts in fiscal 2012 , and $ 912 related to the sale of a building at elfa . our total capital expenditures for the fiscal year ended march 1 , 2014 were $ 48,408 with new store openings and existing store remodels accounting for the majority of spending at $ 30,872. the remaining capital expenditures of $ 17,536 were primarily for investments in infrastructure to support growth and strategic initiatives , as well as elfa manufacturing facility enhancements . 53 our total capital expenditures for the fiscal year ended march 2 , 2013 were $ 49,219 with new store openings and existing store remodels accounting for the majority of spending at $ 29,481. the remaining capital expenditures of $ 19,738 were primarily for investments in infrastructure to support growth and strategic initiatives , as well as elfa manufacturing facility enhancements . net cash used in financing activities financing activities consist primarily of borrowings and payments under the senior secured term loan facility , the revolving credit facility , the elfa senior secured credit facilities , and the 2014 elfa senior secured credit facilities .


 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.
     ```net cash used in investing activities investing activities consist primarily of capital expenditures for new store openings , existing store remodels , infrastructure , information systems , and our distribution center . our total capital expenditures for the fiscal year ended february 28 , 2015 were $ 48,740 with new store openings and existing store remodels accounting for the majority of spending at $ 30,299. the remaining capital expenditures of $ 18,441 were primarily for investments in infrastructure to support growth and strategic initiatives , as well as elfa manufacturing facility enhancements . additionally , the company received net proceeds of $ 4,796 during fiscal 2014 , of which $ 3,846 related to the sale of a norwegian subsidiary , whose primary asset was a manufacturing facility that was shut down and consolidated into a like facility in sweden as part of elfa 's restructuring efforts in fiscal 2012 , and $ 912 related to the sale of a building at elfa . our total capital expenditures for the fiscal year ended march 1 , 2014 were $ 48,408 with new store openings and existing store remodels accounting for the majority of spending at $ 30,872. the remaining capital expenditures of $ 17,536 were primarily for investments in infrastructure to support growth and strategic initiatives , as well as elfa manufacturing facility enhancements . 53 our total capital expenditures for the fiscal year ended march 2 , 2013 were $ 49,219 with new store openings and existing store remodels accounting for the majority of spending at $ 29,481. the remaining capital expenditures of $ 19,738 were primarily for investments in infrastructure to support growth and strategic initiatives , as well as elfa manufacturing facility enhancements . net cash used in financing activities financing activities consist primarily of borrowings and payments under the senior secured term loan facility , the revolving credit facility , the elfa senior secured credit facilities , and the 2014 elfa senior secured credit facilities .
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 Suspicious Activity Report : net sales are historically higher in the fourth quarter due primarily to the impact of our annual elfa® sale , which begins on december 24 th and traditionally runs into february . gross profit and gross margin gross profit is equal to our net sales less cost of sales . gross profit as a percentage of net sales is referred to as gross margin . cost of sales in our tcs segment includes the purchase cost of inventory less vendor rebates , in-bound freight , as well as inventory shrinkage . costs incurred to ship or deliver merchandise to customers , as well as direct installation costs , are also included in cost of sales in our tcs segment . elfa segment cost of sales from manufacturing operations includes costs associated with production , primarily material , wages , freight and other variable costs , and applicable manufacturing overhead . the components of our cost of sales may not be comparable to the components of cost of sales or similar measures by other retailers . as a result , data in this report regarding our gross profit and gross margin may not be comparable to similar data made available by other retailers . our gross profit is variable in nature and generally follows changes in net sales . our gross margin can be impacted by changes in the mix of products sold . for example , sales from our tcs segment typically provide a higher gross margin than sales to third parties from our elfa segment . gross margin for our tcs segment is also susceptible to foreign currency risk as purchases of elfa® products from our elfa segment are in swedish krona , while sales of these products are in u.s. dollars . we mitigate this risk through the use of forward contracts , whereby we hedge purchases of inventory by locking in foreign currency exchange rates in advance . similarly , gross margin for our elfa segment is susceptible to foreign currency risk as certain purchases of raw materials are transacted in currencies other than swedish krona , which is the functional currency of elfa . 41 selling , general and administrative expenses selling , general and administrative expenses include all operating costs not included in cost of sales , stock-based compensation , and pre-opening costs . for our tcs segment , these include all payroll and payroll-related expenses , marketing expenses , all occupancy expenses ( which include rent , real estate taxes , common area maintenance , utilities , telephone , property insurance , and repairs and maintenance ) , costs to ship product from the distribution center to our stores , and supplies expenses . we also incur costs for our distribution and corporate office operations . for our elfa segment , these include sales and marketing expenses , product development costs , and all expenses related to operations at headquarters . depreciation and amortization are excluded from both gross profit and selling , general and administrative expenses . selling , general and administrative expenses include both fixed and variable components and , therefore , is not directly correlated with net sales . the components of our selling , general and administrative expenses may not be comparable to the components of similar measures of other retailers . we expect that our selling , general and administrative expenses will increase in future periods with expected future store growth . pre-opening costs non-capital expenditures associated with opening new stores and relocating stores , including rent , marketing expenses , travel and relocation costs , and training costs , are expensed as incurred and are included in pre-opening costs in the consolidated statement of operations . comparable store sales a store is included in the comparable store sales calculation on the first day of the sixteenth full fiscal month following the store 's opening . when a store is relocated , we continue to consider sales from that store to be comparable store sales . net sales from our website and call center are also included in calculations of comparable store sales . the comparable store sales growth operating measure in a given period is based on merchandise orders placed in that period , which may not always reflect when the merchandise is delivered to the customer . comparable store sales allow us to evaluate how our retail store base is performing by measuring the change in period-over-period net sales in stores that have been open for fifteen months or more . the comparable store sales growth metric is an operating measure intended only as supplemental information and is not a substitute for net sales presented in accordance with generally accepted accounting principles . various factors affect comparable store sales , including : national and regional economic trends in the united states ; changes in our merchandise mix ; changes in pricing ; changes in timing of promotional events or holidays ; and weather . opening new stores is an important part of our growth strategy . as we continue to pursue our growth strategy , we anticipate that a significant percentage of our net sales will come from stores not included in our comparable store sales calculation . accordingly , comparable store sales is only one measure we use to assess the success of our growth strategy . 42 average ticket average ticket for all periods is calculated by dividing ( a ) sales of merchandise by our tcs segment for that period ( regardless of whether such sales are included in comparable store sales for such period ) by ( b ) the number of transactions for that period comprising such sales . historically , the average ticket for our elfa® department has been significantly higher than our overall average ticket . average ticket is an operating measure intended only as supplemental information and is not a substitute for net sales presented in accordance with generally accepted accounting principles . story_separator_special_tag gross profit and gross margin gross profit in fiscal 2013 increased by $ 24,172 , or 5.8 % , compared to fiscal 2012. the increase in gross profit was primarily the result of increased sales . the following table summarizes the gross margin for fiscal 2013 and fiscal 2012 by segment and total . the segment margins include the impact of inter-segment sales from the elfa segment to the tcs segment : replace_table_token_17_th tcs gross margin declined by 80 basis points , primarily due to the appreciation of the swedish krona against the u.s. dollar . elfa gross margin improved primarily due to lower direct material costs compared to the same time period in fiscal 2012. on a consolidated basis , gross margin remained consistent due to a larger percentage of net sales coming from the more profitable tcs segment . selling , general and administrative expenses selling , general and administrative expenses in fiscal 2013 increased by $ 23,174 , or 7.0 % , compared to the fiscal 2012. the increase in selling , general and administrative expenses was primarily due to the increase in sales . the following table summarizes selling , general and administrative expenses as a percentage of consolidated net sales for fiscal 2013 and fiscal 2012 : replace_table_token_18_th selling , general and administrative expenses increased by 50 basis points as a percentage of total net sales . the increase was primarily due to a larger percentage of net sales coming from the tcs segment , whose selling , general , and administrative expenses are higher as a percentage of net sales than the elfa segment . on a stand-alone basis , selling , general , and administrative expenses for the tcs segment and elfa segment remained consistent as a percentage of each segment 's net sales year over year . stock-based compensation we recorded $ 15,137 of stock-based compensation expense in fiscal 2013 , primarily related to stock options granted under the 2013 equity plan which immediately vested upon closing of our ipo , as well as the modification of outstanding stock options granted under the 2012 equity plan to provide for immediate vesting as of october 31 , 2013 . 50 pre-opening costs pre-opening costs decreased $ 890 , or 11.8 % in fiscal 2013 to $ 6,672 , as compared to $ 7,562 in fiscal 2012. we incurred pre-opening costs for eight stores in fiscal 2013 , six of which opened in fiscal 2013 ( five new stores and one relocation ) , and two of which will open in the first quarter of fiscal 2014. these costs were less than those incurred in fiscal 2012 for eight stores , as savings were realized in costs associated with the store openings in the current fiscal year . trade name impairment trade name impairment expense was zero in fiscal 2013 as compared to $ 15,533 in fiscal 2012. all impairment expense incurred in fiscal 2012 was related to the elfa segment . during fiscal 2012 , elfa was experiencing a challenging economic climate in europe , which resulted in elfa not achieving its third party sales and profit forecasts in fiscal 2012. the impairment expense in fiscal 2012 was related to the elfa trade name and was calculated using a relief from royalty discounted cash flow analysis . restructuring charges restructuring charges decreased $ 5,837 , or 91.6 % in fiscal 2013 to $ 532 as compared to $ 6,369 in fiscal 2012. during fiscal 2012 , elfa implemented a plan to restructure its business operations to improve efficiency . in conjunction with these efforts , a subsidiary in germany was sold and a manufacturing facility in norway was shut down and consolidated into a like facility in sweden . additionally , certain head office functions in sales and marketing were relocated from the västervik , sweden , manufacturing location to the group headquarters in malmö , sweden . most of the costs associated with these restructuring efforts were incurred in fiscal 2012 and the first half of fiscal 2013. other expenses other expenses increased $ 598 , or 60.6 % in fiscal 2013 to $ 1,585 as compared to $ 987 in fiscal 2012. the increase is primarily due to costs incurred in conjunction with our ipo . interest expense interest expense remained consistent in fiscal 2013 at $ 21,185 as compared to $ 21,388 in fiscal 2012 , primarily due to additional borrowings on the senior secured term loan facility , offset by lower interest rates . in april 2013 , the container store , inc. executed an amendment to the senior secured term loan facility ( the `` increase and repricing transactions `` ) , whereby borrowings under the senior secured term loan facility were increased by $ 90,000 and accrued interest at a lower rate of libor plus 4.25 % , subject to a libor floor of 1.25 % . prior to the increase and repricing transactions , the senior secured term loan facility accrued interest at a rate of libor plus 5.0 % , subject to a libor floor of 1.25 % . further , in november 2013 , a second amendment was executed to the senior secured term loan facility ( the `` repricing transaction `` ) . the senior secured term loan facility now accrues interest at a rate of libor + 3.25 % , subject to a libor floor of 1.00 % . additionally , a $ 31,000 repayment on the senior secured term loan facility was made in november 2013. loss on extinguishment of debt loss on extinguishment of debt decreased $ 6,104 , or 83.2 % , to $ 1,229 in fiscal 2013 as compared to $ 7,333 in fiscal 2012. in fiscal 2013 , we recorded expenses of $ 1,229 associated with the increase and repricing transactions in april 2013 and the repricing transaction in november 2013 , including the acceleration of deferred financing costs , legal fees , and other associated costs

