our 2013 performance demonstrated progress on our turnaround plan and our objective to achieve sustainable , long-term profitability as we hired a new chief executive , executed a significant real estate strategy and implemented stringent cost controls throughout the organization . in 2012 , our results were negatively impacted by the declining sales in the uk . in north america , the 2012 results reflected the early results of turnaround efforts , increased costs for marketing , store remodels and openings and store closings . 18 our 2015 plan builds on the progress we made in 2014 and 2013 in implementing our key strategies , with a combination of continuous improvement of these initiatives and strategic expansion into additive opportunities . we plan to continue to improve our real estate model through selective new high-potential openings , a systematic refresh of our store base and strategic international expansion . we plan to continue to drive core consumer business and strategically expand our business with consumers over 12 years old . we expect to do this more profitably as we continue to improve the value engineering of products and implementing new systems that facilitate sales growth and increase efficiency . additionally , we intend to develop more proprietary products along with re-launching an out-bound licensing program . we ended fiscal 2014 with no borrowings under our bank loan agreement and with $ 65.4 million in cash and cash equivalents after investing $ 10.9 million in capital projects . throughout the year , we spent $ 3.4 million repurchasing shares of our common stock . following is a description and discussion of the major components of our statement of operations : revenues net retail sales : net retail sales are revenues from retail sales ( including our web store and other non-store locations ) , are net of discounts , exclude sales tax , include shipping and handling costs billed to customers , and are recognized at the time of sale . revenues from gift cards are recognized at the time of redemption . our guests use cash , checks , gift cards and third party credit cards to make purchases . we classify stores as new , non-comparable and comparable stores . stores enter the comparable store calculation in their thirteenth full month of operation . our web store and temporary and seasonal locations are not included in our comparable store calculations . non-comparable stores also result from a store relocation or remodel that results in a significant change in square footage or temporary closure . the net retail sales for that location are excluded from comparable store sales calculations until the thirteenth full month of operation after the date of the change . we have a loyalty program with a frequent shopper reward feature , the stuff fur stuff® club . members of the program receive one point for every dollar spent and receive awards after reaching certain point thresholds . on a quarterly basis , an estimate of the obligation related to the program , based on actual points , awards outstanding and historical point conversion and award redemption patterns , is recorded as an adjustment to the deferred revenue liability and net retail sales . as the awards can be earned or redeemed at any of our store locations , we account for changes in the deferred revenue account at the total company level only . therefore , when we refer to net retail sales by location , such as comparable stores or new stores , these amounts do not include any changes in deferred revenue . see “ -critical accounting estimates ” for additional details on the accounting for the deferred revenue related to our customer loyalty program . we use net retail sales per square foot and comparable store sales as performance measures for our business . the following table details net retail sales per square foot for the periods presented : replace_table_token_3_th ( 1 ) net retail sales per gross square foot in north america represents net retail sales from stores open throughout the entire period in north america divided by the total gross square footage of such stores . ( 2 ) excludes our web stores and temporary and seasonal locations . ( 3 ) net retail sales per selling square foot in europe represents net retail sales from stores open throughout the entire period in europe divided by the total selling square footage of such stores . 19 the percentage increase ( or decrease ) in comparable store sales for the periods presented below is as follows : replace_table_token_4_th ( 1 ) comparable store sales percentage changes are based on net retail sales and stores are considered comparable beginning in their thirteenth full month of operation . ( 2 ) excludes our web stores and temporary and seasonal locations . fiscal 2014 consolidated comparable store sales for the full year are compared to the 53-week period ended january 4 , 2014. we believe the increase in comparable store sales for fiscal 2014 was primarily driven by : ● high-impact product launches supported by well-executed , elevated marketing programs which led to robust sales of key licensed products , continued strength in our core collections and successful proprietary launches ; ● improvement in key operational levers as we saw increases in dollars per transaction , units per transaction and average unit selling price for the year ; and ● strategic store closures , primarily in north american multi-store markets , which have transferred approximately 15 % of their sales to remaining stores in the market . ● additionally , we believe fiscal 2014 was negatively impacted by a decrease in traffic partially attributable to the extreme weather patterns in the first quarter of 2014 in north america and its lingering effects . in the first quarter of 2014 , extreme weather decreased overall mall traffic for many markets in north america impacting the retail sector overall . story_separator_special_tag 26 the following table sets forth a reconciliation of store contribution to net income for our company-owned stores located in the united states , canada and puerto rico ( north america ) , stores located in the united kingdom and ireland ( europe ) and for our consolidated store base ( dollars in thousands ) : replace_table_token_13_th replace_table_token_14_th ( 1 ) general and administrative expenses consist of non-store , central office general and administrative functions such as management payroll and related benefits , travel , information systems , accounting , purchasing and legal costs as well as the depreciation of central office assets as well as the amortization of intellectual property and other assets , store closing and pre-opening expenses . certain intercompany charges are included in general and administrative expenses in europe . general and administrative expenses also include a central office marketing department , primarily payroll and related benefits expense , but exclude advertising expenses , which are included in store contribution . ( 2 ) other retail activities are comprised primarily of our web stores , stores not open for the full year and adjustments to deferred revenue . ( 3 ) other contribution includes franchising , commercial revenues and intercompany revenues and all expenses attributable to the international franchising and commercial segments , excluding interest expense/income and income tax expense/benefit . interest expense/income and income tax expense/benefit related to franchising and commercial activities are included in their respective captions . ( 4 ) other revenues from external customers are comprised of international franchising and commercial revenues . ( 5 ) goodwill impairment represents the write-off of the goodwill associated with the uk reporting unit . 27 seasonality and quarterly results the following is a summary of certain unaudited quarterly results of operations data for each of the last two fiscal years . replace_table_token_15_th ( 1 ) retail gross margin represents net retail sales less cost of retail merchandise sold . our operating results for one period may not be indicative of results for other periods , and may fluctuate significantly because of a variety of factors , including , but not limited to : ( 1 ) changes in general economic conditions and consumer spending patterns ; ( 2 ) increases or decreases in our comparable store sales ; ( 3 ) fluctuations in the profitability of our stores ; ( 4 ) changes in foreign currency exchange rates ; ( 5 ) the timing and frequency of our marketing initiatives , including national media and other public relations events ; ( 6 ) the timing of our store openings and closings and related expenses ; ( 7 ) changes in consumer preferences ; ( 8 ) the effectiveness of our inventory management ; ( 9 ) the actions of our competitors or mall anchors and co-tenants ; ( 10 ) seasonal shopping patterns and holiday and vacation schedules ; and ( 11 ) weather conditions . the timing of store openings , closures and remodels may result in fluctuations in quarterly results as a result of the revenues and expenses associated with each store location . we typically incur most preopening costs for a new store in the three months immediately preceding the store 's opening . expenses related to store closings are typically incurred in stages : when the decision is made to close the store , when the closure is communicated to store associates and at the time of closure . as a toy retailer , our sales are highest in our fourth quarter , followed by the first quarter . the timing of holidays and school vacations can impact our quarterly results . we can not ensure that this will continue to be the case . in addition , for accounting purposes , the quarters of each fiscal year consist of 13 weeks , although we will have a 14-week quarter approximately once every six years . the 2014 fiscal fourth quarter had 14 weeks . liquidity and capital resources our cash requirements are primarily for the opening of new stores , installation and upgrades of information systems and working capital . over the past several years , we have met these requirements through capital generated from cash flow provided by operations . we have access to additional cash through a revolving line of credit that has been in place since 2000. operating activities . cash flows provided by operating activities were $ 34.9 million in fiscal 2014 , $ 19.1 million in fiscal 2013 and $ 16.5 million in fiscal 2012. cash flows from operating activities increased in fiscal 2014 as compared to 2013 primarily due to increased store contribution . cash flows from operating activities increased in fiscal 2013 as compared to 2012 primarily due to increased store contribution partially offset by the timing of inventory receipts and payments and the increase in receivables . investing activities . cash flows used in investing activities were $ 11.8 million in fiscal 2014 , $ 19.4 million in fiscal 2013 and $ 15.1 million in fiscal 2012. cash used in investing activities in 2014 related primarily to the opening of five new traditional stores and 11 non-traditional stores , the continued installation and upgrades of central office information technology systems and the purchase of short-term investments . cash used in investing activities in 2013 related primarily to the continued installation and upgrades of central office information technology systems , the remodeling or relocation of 20 stores and the opening of nine new locations . cash used in investing activities in 2012 related primarily to the continued installation and upgrades of central office information technology systems , the opening of five new stores , the remodeling or relocation of 14 stores , offset by the maturity of short-term investments . 28 financing activities . financing activities used cash of $ 1.8 million and $ 2.9 million in 2014 and 2012 , respectively , and provided cash of $ 0.1 million in 2013. purchases

capital resources . as of january 3 , 2015 , we had a cash balance of $ 65.4 million , more than half of which was domiciled outside of the united states . we also have a line of credit , which we can use to finance capital expenditures and working capital needs throughout the year . the bank line provides availability of up to $ 35 million . borrowings under the credit agreement are secured by our assets and a pledge of 65 % of our ownership interest in our foreign subsidiaries . the credit agreement expires on december 31 , 2016 and contains various restrictions on indebtedness , liens , guarantees , redemptions , mergers , acquisitions or sale of assets , loans , transactions with affiliates and investments . it also prohibits us from declaring dividends without the bank 's prior consent , unless such payment of dividends would not violate any terms of the credit agreement . we are also prohibited from repurchasing shares of our common stock unless such repurchase of shares would not violate any terms of the credit agreement ; we may not use the proceeds of the line of credit to repurchase shares . borrowings bear interest at libor plus 1.8 % . financial covenants include maintaining a minimum tangible net worth , maintaining a minimum fixed charge coverage ratio ( as defined in the credit agreement ) and not exceeding a maximum funded debt to earnings before interest , depreciation and amortization ratio . as of january 3 , 2015 : ( i ) we were in compliance with these covenants ; ( ii ) there were no borrowings under our line of credit ; ( iii ) there was a standby letter of credit of approximately $ 1.1 million outstanding under the credit agreement . giving effect to this standby letter of credit , there was approximately $ 33.9 million available for borrowing under the line of credit . most of our retail stores are located within shopping malls and all are operated under leases classified as operating leases .


 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.
     ```capital resources . as of january 3 , 2015 , we had a cash balance of $ 65.4 million , more than half of which was domiciled outside of the united states . we also have a line of credit , which we can use to finance capital expenditures and working capital needs throughout the year . the bank line provides availability of up to $ 35 million . borrowings under the credit agreement are secured by our assets and a pledge of 65 % of our ownership interest in our foreign subsidiaries . the credit agreement expires on december 31 , 2016 and contains various restrictions on indebtedness , liens , guarantees , redemptions , mergers , acquisitions or sale of assets , loans , transactions with affiliates and investments . it also prohibits us from declaring dividends without the bank 's prior consent , unless such payment of dividends would not violate any terms of the credit agreement . we are also prohibited from repurchasing shares of our common stock unless such repurchase of shares would not violate any terms of the credit agreement ; we may not use the proceeds of the line of credit to repurchase shares . borrowings bear interest at libor plus 1.8 % . financial covenants include maintaining a minimum tangible net worth , maintaining a minimum fixed charge coverage ratio ( as defined in the credit agreement ) and not exceeding a maximum funded debt to earnings before interest , depreciation and amortization ratio . as of january 3 , 2015 : ( i ) we were in compliance with these covenants ; ( ii ) there were no borrowings under our line of credit ; ( iii ) there was a standby letter of credit of approximately $ 1.1 million outstanding under the credit agreement . giving effect to this standby letter of credit , there was approximately $ 33.9 million available for borrowing under the line of credit . most of our retail stores are located within shopping malls and all are operated under leases classified as operating leases .
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 Suspicious Activity Report : our 2013 performance demonstrated progress on our turnaround plan and our objective to achieve sustainable , long-term profitability as we hired a new chief executive , executed a significant real estate strategy and implemented stringent cost controls throughout the organization . in 2012 , our results were negatively impacted by the declining sales in the uk . in north america , the 2012 results reflected the early results of turnaround efforts , increased costs for marketing , store remodels and openings and store closings . 18 our 2015 plan builds on the progress we made in 2014 and 2013 in implementing our key strategies , with a combination of continuous improvement of these initiatives and strategic expansion into additive opportunities . we plan to continue to improve our real estate model through selective new high-potential openings , a systematic refresh of our store base and strategic international expansion . we plan to continue to drive core consumer business and strategically expand our business with consumers over 12 years old . we expect to do this more profitably as we continue to improve the value engineering of products and implementing new systems that facilitate sales growth and increase efficiency . additionally , we intend to develop more proprietary products along with re-launching an out-bound licensing program . we ended fiscal 2014 with no borrowings under our bank loan agreement and with $ 65.4 million in cash and cash equivalents after investing $ 10.9 million in capital projects . throughout the year , we spent $ 3.4 million repurchasing shares of our common stock . following is a description and discussion of the major components of our statement of operations : revenues net retail sales : net retail sales are revenues from retail sales ( including our web store and other non-store locations ) , are net of discounts , exclude sales tax , include shipping and handling costs billed to customers , and are recognized at the time of sale . revenues from gift cards are recognized at the time of redemption . our guests use cash , checks , gift cards and third party credit cards to make purchases . we classify stores as new , non-comparable and comparable stores . stores enter the comparable store calculation in their thirteenth full month of operation . our web store and temporary and seasonal locations are not included in our comparable store calculations . non-comparable stores also result from a store relocation or remodel that results in a significant change in square footage or temporary closure . the net retail sales for that location are excluded from comparable store sales calculations until the thirteenth full month of operation after the date of the change . we have a loyalty program with a frequent shopper reward feature , the stuff fur stuff® club . members of the program receive one point for every dollar spent and receive awards after reaching certain point thresholds . on a quarterly basis , an estimate of the obligation related to the program , based on actual points , awards outstanding and historical point conversion and award redemption patterns , is recorded as an adjustment to the deferred revenue liability and net retail sales . as the awards can be earned or redeemed at any of our store locations , we account for changes in the deferred revenue account at the total company level only . therefore , when we refer to net retail sales by location , such as comparable stores or new stores , these amounts do not include any changes in deferred revenue . see “ -critical accounting estimates ” for additional details on the accounting for the deferred revenue related to our customer loyalty program . we use net retail sales per square foot and comparable store sales as performance measures for our business . the following table details net retail sales per square foot for the periods presented : replace_table_token_3_th ( 1 ) net retail sales per gross square foot in north america represents net retail sales from stores open throughout the entire period in north america divided by the total gross square footage of such stores . ( 2 ) excludes our web stores and temporary and seasonal locations . ( 3 ) net retail sales per selling square foot in europe represents net retail sales from stores open throughout the entire period in europe divided by the total selling square footage of such stores . 19 the percentage increase ( or decrease ) in comparable store sales for the periods presented below is as follows : replace_table_token_4_th ( 1 ) comparable store sales percentage changes are based on net retail sales and stores are considered comparable beginning in their thirteenth full month of operation . ( 2 ) excludes our web stores and temporary and seasonal locations . fiscal 2014 consolidated comparable store sales for the full year are compared to the 53-week period ended january 4 , 2014. we believe the increase in comparable store sales for fiscal 2014 was primarily driven by : ● high-impact product launches supported by well-executed , elevated marketing programs which led to robust sales of key licensed products , continued strength in our core collections and successful proprietary launches ; ● improvement in key operational levers as we saw increases in dollars per transaction , units per transaction and average unit selling price for the year ; and ● strategic store closures , primarily in north american multi-store markets , which have transferred approximately 15 % of their sales to remaining stores in the market . ● additionally , we believe fiscal 2014 was negatively impacted by a decrease in traffic partially attributable to the extreme weather patterns in the first quarter of 2014 in north america and its lingering effects . in the first quarter of 2014 , extreme weather decreased overall mall traffic for many markets in north america impacting the retail sector overall . story_separator_special_tag 26 the following table sets forth a reconciliation of store contribution to net income for our company-owned stores located in the united states , canada and puerto rico ( north america ) , stores located in the united kingdom and ireland ( europe ) and for our consolidated store base ( dollars in thousands ) : replace_table_token_13_th replace_table_token_14_th ( 1 ) general and administrative expenses consist of non-store , central office general and administrative functions such as management payroll and related benefits , travel , information systems , accounting , purchasing and legal costs as well as the depreciation of central office assets as well as the amortization of intellectual property and other assets , store closing and pre-opening expenses . certain intercompany charges are included in general and administrative expenses in europe . general and administrative expenses also include a central office marketing department , primarily payroll and related benefits expense , but exclude advertising expenses , which are included in store contribution . ( 2 ) other retail activities are comprised primarily of our web stores , stores not open for the full year and adjustments to deferred revenue . ( 3 ) other contribution includes franchising , commercial revenues and intercompany revenues and all expenses attributable to the international franchising and commercial segments , excluding interest expense/income and income tax expense/benefit . interest expense/income and income tax expense/benefit related to franchising and commercial activities are included in their respective captions . ( 4 ) other revenues from external customers are comprised of international franchising and commercial revenues . ( 5 ) goodwill impairment represents the write-off of the goodwill associated with the uk reporting unit . 27 seasonality and quarterly results the following is a summary of certain unaudited quarterly results of operations data for each of the last two fiscal years . replace_table_token_15_th ( 1 ) retail gross margin represents net retail sales less cost of retail merchandise sold . our operating results for one period may not be indicative of results for other periods , and may fluctuate significantly because of a variety of factors , including , but not limited to : ( 1 ) changes in general economic conditions and consumer spending patterns ; ( 2 ) increases or decreases in our comparable store sales ; ( 3 ) fluctuations in the profitability of our stores ; ( 4 ) changes in foreign currency exchange rates ; ( 5 ) the timing and frequency of our marketing initiatives , including national media and other public relations events ; ( 6 ) the timing of our store openings and closings and related expenses ; ( 7 ) changes in consumer preferences ; ( 8 ) the effectiveness of our inventory management ; ( 9 ) the actions of our competitors or mall anchors and co-tenants ; ( 10 ) seasonal shopping patterns and holiday and vacation schedules ; and ( 11 ) weather conditions . the timing of store openings , closures and remodels may result in fluctuations in quarterly results as a result of the revenues and expenses associated with each store location . we typically incur most preopening costs for a new store in the three months immediately preceding the store 's opening . expenses related to store closings are typically incurred in stages : when the decision is made to close the store , when the closure is communicated to store associates and at the time of closure . as a toy retailer , our sales are highest in our fourth quarter , followed by the first quarter . the timing of holidays and school vacations can impact our quarterly results . we can not ensure that this will continue to be the case . in addition , for accounting purposes , the quarters of each fiscal year consist of 13 weeks , although we will have a 14-week quarter approximately once every six years . the 2014 fiscal fourth quarter had 14 weeks . liquidity and capital resources our cash requirements are primarily for the opening of new stores , installation and upgrades of information systems and working capital . over the past several years , we have met these requirements through capital generated from cash flow provided by operations . we have access to additional cash through a revolving line of credit that has been in place since 2000. operating activities . cash flows provided by operating activities were $ 34.9 million in fiscal 2014 , $ 19.1 million in fiscal 2013 and $ 16.5 million in fiscal 2012. cash flows from operating activities increased in fiscal 2014 as compared to 2013 primarily due to increased store contribution . cash flows from operating activities increased in fiscal 2013 as compared to 2012 primarily due to increased store contribution partially offset by the timing of inventory receipts and payments and the increase in receivables . investing activities . cash flows used in investing activities were $ 11.8 million in fiscal 2014 , $ 19.4 million in fiscal 2013 and $ 15.1 million in fiscal 2012. cash used in investing activities in 2014 related primarily to the opening of five new traditional stores and 11 non-traditional stores , the continued installation and upgrades of central office information technology systems and the purchase of short-term investments . cash used in investing activities in 2013 related primarily to the continued installation and upgrades of central office information technology systems , the remodeling or relocation of 20 stores and the opening of nine new locations . cash used in investing activities in 2012 related primarily to the continued installation and upgrades of central office information technology systems , the opening of five new stores , the remodeling or relocation of 14 stores , offset by the maturity of short-term investments . 28 financing activities . financing activities used cash of $ 1.8 million and $ 2.9 million in 2014 and 2012 , respectively , and provided cash of $ 0.1 million in 2013. purchases

