competitive pressures also may limit our ability to quickly raise prices in response to rising costs . we expect minimal cost decreases for raw materials in the market place during 2013 and are currently locked into our supply and prices for a majority of our most significant commodities ( excluding , among others , maple syrup ) through 2013 at a cost decrease of approximately $ 1.0 million . during fiscal 2012 , we had cost increases ( net of cost savings ) for raw materials of less than 2 % of cost of goods sold , which were more than offset by our sales price increases . to the extent we are unable to avoid or offset present and future cost increases by locking in our costs , implementing cost saving measures or increasing prices to our customers , our operating results could be materially adversely affected . in addition , should input costs begin to further decline , customers may look for price reductions in situations where we have locked into purchases at higher costs . consolidation in the retail trade and consequent inventory reductions : as the retail grocery trade continues to consolidate and our retail customers grow larger and become more sophisticated , our retail customers may demand lower pricing and increased promotional programs . these customers are also reducing their inventories and increasing their emphasis on private label products . changing customer preferences : consumers in the market categories in which we compete frequently change their taste preferences , dietary habits and product packaging preferences . consumer concern regarding food safety , quality and health : the food industry is subject to consumer concerns regarding the safety and quality of certain food products . if consumers in our principal markets lose confidence in the safety and quality of our food products , even as a result of a product liability claim or a product recall by a food industry competitor , our business could be adversely affected . fluctuations in currency exchange rates : we purchase the majority of our maple syrup requirements from suppliers located in québec , canada . any weakening of the u.s. dollar against the canadian dollar , could significantly increase our costs relating to the production of our maple syrup products to the extent we have not purchased canadian dollars in advance of any such weakening of the u.s. dollar . to confront these challenges , we continue to take steps to build the value of our brands , to improve our existing portfolio of products with new product and marketing initiatives , to reduce costs through improved productivity , to address consumer concerns about food safety , quality and health and to favorably manage currency fluctuations . critical accounting policies ; use of estimates the preparation of financial statements in accordance with accounting principles generally accepted in the united states requires our management to make a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period . some of the more significant estimates and assumptions made by management involve trade and consumer promotion expenses ; allowances for excess , obsolete and unsaleable inventories ; pension benefits ; acquisition accounting allocations ; the recoverability of goodwill , other intangible assets , property , plant and equipment , and deferred tax assets ; the determination of the useful life of customer relationship intangibles ; and the accounting for share-based compensation expense . actual results could differ significantly from these estimates and assumptions . 30 our significant accounting policies are described more fully in note 2 to our consolidated financial statements included elsewhere in this report . we believe the following critical accounting policies involve the most significant judgments and estimates used in the preparation of our consolidated financial statements . trade and consumer promotion expenses we offer various sales incentive programs to customers and consumers , such as price discounts , in-store display incentives , slotting fees and coupons . the recognition of expense for these programs involves the use of judgment related to performance and redemption estimates . estimates are made based on historical experience and other factors . actual expenses may differ if the level of redemption rates and performance vary from our estimates . inventories inventories are stated at the lower of cost or market . cost is determined using the first in , first out and average cost methods . inventories have been reduced by an allowance for excess , obsolete and unsaleable inventories . the allowance is an estimate based on our management 's review of inventories on hand compared to estimated future usage and sales . long-lived assets long-lived assets , such as property , plant and equipment , and intangibles with estimated useful lives are depreciated or amortized over their respective estimated useful lives to their estimated residual values , and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable . recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset . if the carrying amount of an asset exceeds its estimated undiscounted future cash flows , an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset . recoverability of assets held for sale is measured by a comparison of the carrying amount of an asset or asset group to their fair value less estimated costs to sell . estimating future cash flows and calculating fair value of assets requires significant estimates and assumptions by management . story_separator_special_tag net cash provided by financing activities was reduced by $ 130.0 million due to the repayment of all term loan borrowings under our prior credit agreement , $ 38.2 million of dividend payments , $ 16.3 million for the payment of deferred financing costs , $ 3.7 million for the repurchase of common stock and $ 2.2 million for the payment of tax withholding on behalf of employees for net share settlement of share-based compensation . for fiscal 2010 , net cash used in financing activities includes $ 320.3 million in payments for the repurchase and redemption of $ 69.5 million principal amount of our 12 % senior subordinated notes and $ 240.0 million principal amount of our 8 % senior notes , $ 32.3 million of dividend payments , $ 8.2 million of deferred financing costs and $ 1.5 million for the payment of tax withholding on behalf of 37 employees for net share settlement of share-based compensation . net cash used in financing activities was reduced by net proceeds of $ 347.4 million from the issuance of our 7.625 % senior notes and $ 0.3 million of excess tax benefits from share-based compensation . cash income tax payments . based on a number of factors , including our trademark , goodwill and other intangible assets amortization for tax purposes from our prior acquisitions , we realized a significant reduction in cash taxes in fiscal 2012 , 2011 and 2010 as compared to our tax expense for financial reporting purposes . we believe that we will realize a benefit to our cash taxes payable from amortization of our trademarks , goodwill and other intangible assets for the taxable years 2013 through 2027. if there is a change in u.s. federal tax policy that reduces any of these available deductions or results in an increase in our corporate tax rate , our cash taxes payable may increase further , which could significantly reduce our future cash and impact our ability to make interest and dividend payments . dividend policy for a discussion of our dividend policy , see the information set forth under the heading `` dividend policy `` in part ii , item 5 of this report . acquisitions our liquidity and capital resources have been significantly impacted by acquisitions and may be impacted in the foreseeable future by additional acquisitions . as discussed elsewhere in this report , as part of our growth strategy we plan to expand our brand portfolio with disciplined acquisitions of complementary brands . we have historically financed acquisitions with borrowings and cash flows from operating activities . as a result , our interest expense has in the past increased as a result of additional indebtedness we have incurred in connection with acquisitions , including in connection with the culver specialty brands acquisition , and will increase with any additional indebtedness we may incur to finance future acquisitions . the impact of future acquisitions , whether financed with additional indebtedness or otherwise , may have a material impact on our liquidity . debt senior secured credit agreement . on december 12 , 2012 , we amended and restated our credit agreement dated as of november 30 , 2011. the amendment , among other things , reduced the interest rate payable on the tranche b term loans by 0.5 percentage points , fixed the maximum permissible consolidated leverage ratio at 6.0 to 1.0 and increased the maximum size of any potential incremental term loan facility to an unlimited amount provided that certain conditions are met , including our senior secured leverage ratio being less than or equal to 4.0 to 1.0 after giving effect to borrowings under the incremental term loan facility . at december 29 , 2012 , there were $ 144.4 million of tranche a term loans , $ 223.3 million of tranche b term loans and $ 25.0 million of revolving loans outstanding . at december 29 , 2012 , the available borrowing capacity under our revolving credit facility , net of outstanding letters of credit of $ 0.5 million , was $ 174.5 million . the credit agreement is secured by substantially all of our and our domestic subsidiaries ' assets except our and our domestic subsidiaries ' real property . the tranche a term loans are subject to principal amortization at the following rates : 5 % in the first year , 10 % in the second year and 15 % in each of the third and fourth years . the balance of all borrowings under the tranche a term loan facility are due and payable at maturity on november 30 , 2016. the tranche b term loans are subject to principal amortization at the rate of 1 % annually with the balance due at maturity on november 30 , 2018. the revolving credit facility matures on november 30 , 2016 . 38 interest under the revolving credit facility , including any outstanding letters of credit , and under the tranche a term loan facility , is determined based on alternative rates that we may choose in accordance with the credit agreement , including a base rate per annum plus an applicable margin ranging from 1.50 % to 2.00 % , and libor plus an applicable margin ranging from 2.50 % to 3.00 % , in each case depending on our consolidated leverage ratio . interest under the tranche b term loan facility is determined based on alternative rates that we may choose in accordance with the credit agreement , including a base rate per annum plus an applicable margin of 2.00 % , and libor plus an applicable margin of 3.00 % , in each case subject to a 1.0 % libor floor . for further information regarding our senior secured credit agreement , including a description of optional and mandatory prepayment terms and financial and restrictive covenants , see note 6 , `` long-term debt `` to our consolidated financial statements in part ii , item 8 of

loss on extinguishment of debt . loss on extinguishment of debt includes costs relating to the retirement of indebtedness , including any repurchase premium and write-off of deferred debt financing costs and unamortized discount . fiscal 2012 compared to fiscal 2011 net sales . net sales increased $ 89.9 million or 16.5 % to $ 633.8 million for fiscal 2012 from $ 543.9 million for fiscal 2011. net sales of the culver specialty brands , which we acquired at the end of november 2011 , contributed $ 81.0 million to the overall increase , and net sales of the new york style and old london brands , which we acquired at the end of october 2012 , contributed $ 8.4 million to the overall increase . net sales for our base business increased $ 0.5 million , attributable to sales price increases of $ 13.1 million offset by a unit volume decline of $ 12.6 million . net sales of our ortega , las palmas , maple grove farms of vermont , b & m and ac'cent products increased by $ 3.8 million , $ 1.8 million , $ 1.2 million , $ 1.0 million and $ 0.9 million or 2.9 % , 5.2 % , 1.6 % , 4.8 % and 4.8 % , respectively . these increases were offset by a reduction in net sales of b & g , cream of wheat , don pepino and underwood products of $ 4.2 million , $ 2.5 million , $ 0.8 million and $ 0.7 million or 12.7 % , 3.8 % , 5.2 % and 3.3 % , respectively . in the aggregate , net sales for all other brands remained consistent . gross profit . gross profit increased $ 45.6 million or 25.6 % to $ 223.3 million in fiscal 2012 from $ 177.8 million in fiscal 2011. gross profit expressed as a percentage of net sales increased 2.5 percentage points to 35.2 % for fiscal 2012 from 32.7 % in fiscal 2011 , attributable to a sales mix shift to 34 higher margin products ( primarily due to the culver specialty brands acquisition ) and pricing gains of $ 13.1 million , partially offset by commodity and packaging cost increases . selling , general and administrative expenses .


 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.
     ```loss on extinguishment of debt . loss on extinguishment of debt includes costs relating to the retirement of indebtedness , including any repurchase premium and write-off of deferred debt financing costs and unamortized discount . fiscal 2012 compared to fiscal 2011 net sales . net sales increased $ 89.9 million or 16.5 % to $ 633.8 million for fiscal 2012 from $ 543.9 million for fiscal 2011. net sales of the culver specialty brands , which we acquired at the end of november 2011 , contributed $ 81.0 million to the overall increase , and net sales of the new york style and old london brands , which we acquired at the end of october 2012 , contributed $ 8.4 million to the overall increase . net sales for our base business increased $ 0.5 million , attributable to sales price increases of $ 13.1 million offset by a unit volume decline of $ 12.6 million . net sales of our ortega , las palmas , maple grove farms of vermont , b & m and ac'cent products increased by $ 3.8 million , $ 1.8 million , $ 1.2 million , $ 1.0 million and $ 0.9 million or 2.9 % , 5.2 % , 1.6 % , 4.8 % and 4.8 % , respectively . these increases were offset by a reduction in net sales of b & g , cream of wheat , don pepino and underwood products of $ 4.2 million , $ 2.5 million , $ 0.8 million and $ 0.7 million or 12.7 % , 3.8 % , 5.2 % and 3.3 % , respectively . in the aggregate , net sales for all other brands remained consistent . gross profit . gross profit increased $ 45.6 million or 25.6 % to $ 223.3 million in fiscal 2012 from $ 177.8 million in fiscal 2011. gross profit expressed as a percentage of net sales increased 2.5 percentage points to 35.2 % for fiscal 2012 from 32.7 % in fiscal 2011 , attributable to a sales mix shift to 34 higher margin products ( primarily due to the culver specialty brands acquisition ) and pricing gains of $ 13.1 million , partially offset by commodity and packaging cost increases . selling , general and administrative expenses .
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 Suspicious Activity Report : competitive pressures also may limit our ability to quickly raise prices in response to rising costs . we expect minimal cost decreases for raw materials in the market place during 2013 and are currently locked into our supply and prices for a majority of our most significant commodities ( excluding , among others , maple syrup ) through 2013 at a cost decrease of approximately $ 1.0 million . during fiscal 2012 , we had cost increases ( net of cost savings ) for raw materials of less than 2 % of cost of goods sold , which were more than offset by our sales price increases . to the extent we are unable to avoid or offset present and future cost increases by locking in our costs , implementing cost saving measures or increasing prices to our customers , our operating results could be materially adversely affected . in addition , should input costs begin to further decline , customers may look for price reductions in situations where we have locked into purchases at higher costs . consolidation in the retail trade and consequent inventory reductions : as the retail grocery trade continues to consolidate and our retail customers grow larger and become more sophisticated , our retail customers may demand lower pricing and increased promotional programs . these customers are also reducing their inventories and increasing their emphasis on private label products . changing customer preferences : consumers in the market categories in which we compete frequently change their taste preferences , dietary habits and product packaging preferences . consumer concern regarding food safety , quality and health : the food industry is subject to consumer concerns regarding the safety and quality of certain food products . if consumers in our principal markets lose confidence in the safety and quality of our food products , even as a result of a product liability claim or a product recall by a food industry competitor , our business could be adversely affected . fluctuations in currency exchange rates : we purchase the majority of our maple syrup requirements from suppliers located in québec , canada . any weakening of the u.s. dollar against the canadian dollar , could significantly increase our costs relating to the production of our maple syrup products to the extent we have not purchased canadian dollars in advance of any such weakening of the u.s. dollar . to confront these challenges , we continue to take steps to build the value of our brands , to improve our existing portfolio of products with new product and marketing initiatives , to reduce costs through improved productivity , to address consumer concerns about food safety , quality and health and to favorably manage currency fluctuations . critical accounting policies ; use of estimates the preparation of financial statements in accordance with accounting principles generally accepted in the united states requires our management to make a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period . some of the more significant estimates and assumptions made by management involve trade and consumer promotion expenses ; allowances for excess , obsolete and unsaleable inventories ; pension benefits ; acquisition accounting allocations ; the recoverability of goodwill , other intangible assets , property , plant and equipment , and deferred tax assets ; the determination of the useful life of customer relationship intangibles ; and the accounting for share-based compensation expense . actual results could differ significantly from these estimates and assumptions . 30 our significant accounting policies are described more fully in note 2 to our consolidated financial statements included elsewhere in this report . we believe the following critical accounting policies involve the most significant judgments and estimates used in the preparation of our consolidated financial statements . trade and consumer promotion expenses we offer various sales incentive programs to customers and consumers , such as price discounts , in-store display incentives , slotting fees and coupons . the recognition of expense for these programs involves the use of judgment related to performance and redemption estimates . estimates are made based on historical experience and other factors . actual expenses may differ if the level of redemption rates and performance vary from our estimates . inventories inventories are stated at the lower of cost or market . cost is determined using the first in , first out and average cost methods . inventories have been reduced by an allowance for excess , obsolete and unsaleable inventories . the allowance is an estimate based on our management 's review of inventories on hand compared to estimated future usage and sales . long-lived assets long-lived assets , such as property , plant and equipment , and intangibles with estimated useful lives are depreciated or amortized over their respective estimated useful lives to their estimated residual values , and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable . recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset . if the carrying amount of an asset exceeds its estimated undiscounted future cash flows , an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset . recoverability of assets held for sale is measured by a comparison of the carrying amount of an asset or asset group to their fair value less estimated costs to sell . estimating future cash flows and calculating fair value of assets requires significant estimates and assumptions by management . story_separator_special_tag net cash provided by financing activities was reduced by $ 130.0 million due to the repayment of all term loan borrowings under our prior credit agreement , $ 38.2 million of dividend payments , $ 16.3 million for the payment of deferred financing costs , $ 3.7 million for the repurchase of common stock and $ 2.2 million for the payment of tax withholding on behalf of employees for net share settlement of share-based compensation . for fiscal 2010 , net cash used in financing activities includes $ 320.3 million in payments for the repurchase and redemption of $ 69.5 million principal amount of our 12 % senior subordinated notes and $ 240.0 million principal amount of our 8 % senior notes , $ 32.3 million of dividend payments , $ 8.2 million of deferred financing costs and $ 1.5 million for the payment of tax withholding on behalf of 37 employees for net share settlement of share-based compensation . net cash used in financing activities was reduced by net proceeds of $ 347.4 million from the issuance of our 7.625 % senior notes and $ 0.3 million of excess tax benefits from share-based compensation . cash income tax payments . based on a number of factors , including our trademark , goodwill and other intangible assets amortization for tax purposes from our prior acquisitions , we realized a significant reduction in cash taxes in fiscal 2012 , 2011 and 2010 as compared to our tax expense for financial reporting purposes . we believe that we will realize a benefit to our cash taxes payable from amortization of our trademarks , goodwill and other intangible assets for the taxable years 2013 through 2027. if there is a change in u.s. federal tax policy that reduces any of these available deductions or results in an increase in our corporate tax rate , our cash taxes payable may increase further , which could significantly reduce our future cash and impact our ability to make interest and dividend payments . dividend policy for a discussion of our dividend policy , see the information set forth under the heading `` dividend policy `` in part ii , item 5 of this report . acquisitions our liquidity and capital resources have been significantly impacted by acquisitions and may be impacted in the foreseeable future by additional acquisitions . as discussed elsewhere in this report , as part of our growth strategy we plan to expand our brand portfolio with disciplined acquisitions of complementary brands . we have historically financed acquisitions with borrowings and cash flows from operating activities . as a result , our interest expense has in the past increased as a result of additional indebtedness we have incurred in connection with acquisitions , including in connection with the culver specialty brands acquisition , and will increase with any additional indebtedness we may incur to finance future acquisitions . the impact of future acquisitions , whether financed with additional indebtedness or otherwise , may have a material impact on our liquidity . debt senior secured credit agreement . on december 12 , 2012 , we amended and restated our credit agreement dated as of november 30 , 2011. the amendment , among other things , reduced the interest rate payable on the tranche b term loans by 0.5 percentage points , fixed the maximum permissible consolidated leverage ratio at 6.0 to 1.0 and increased the maximum size of any potential incremental term loan facility to an unlimited amount provided that certain conditions are met , including our senior secured leverage ratio being less than or equal to 4.0 to 1.0 after giving effect to borrowings under the incremental term loan facility . at december 29 , 2012 , there were $ 144.4 million of tranche a term loans , $ 223.3 million of tranche b term loans and $ 25.0 million of revolving loans outstanding . at december 29 , 2012 , the available borrowing capacity under our revolving credit facility , net of outstanding letters of credit of $ 0.5 million , was $ 174.5 million . the credit agreement is secured by substantially all of our and our domestic subsidiaries ' assets except our and our domestic subsidiaries ' real property . the tranche a term loans are subject to principal amortization at the following rates : 5 % in the first year , 10 % in the second year and 15 % in each of the third and fourth years . the balance of all borrowings under the tranche a term loan facility are due and payable at maturity on november 30 , 2016. the tranche b term loans are subject to principal amortization at the rate of 1 % annually with the balance due at maturity on november 30 , 2018. the revolving credit facility matures on november 30 , 2016 . 38 interest under the revolving credit facility , including any outstanding letters of credit , and under the tranche a term loan facility , is determined based on alternative rates that we may choose in accordance with the credit agreement , including a base rate per annum plus an applicable margin ranging from 1.50 % to 2.00 % , and libor plus an applicable margin ranging from 2.50 % to 3.00 % , in each case depending on our consolidated leverage ratio . interest under the tranche b term loan facility is determined based on alternative rates that we may choose in accordance with the credit agreement , including a base rate per annum plus an applicable margin of 2.00 % , and libor plus an applicable margin of 3.00 % , in each case subject to a 1.0 % libor floor . for further information regarding our senior secured credit agreement , including a description of optional and mandatory prepayment terms and financial and restrictive covenants , see note 6 , `` long-term debt `` to our consolidated financial statements in part ii , item 8 of

