30 we expect significant cost increases for raw materials in the market place during 2012. however , we are currently locked into our supply and prices for a majority of our most significant commodities ( excluding , among others , maple syrup ) through 2012 at a cost increase of less than 2.0 % of projected 2012 cost of goods sold . during fiscal 2010 and 2011 , our sales price increases and our cost saving measures more than offset our cost 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 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 . 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 . 31 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 . goodwill and other intangible assets goodwill and indefinite-lived intangible assets ( trademarks ) are tested for impairment at least annually and whenever events or circumstances occur indicating that goodwill or indefinite-lived intangibles might be impaired . story_separator_special_tag for fiscal 2011 , net cash provided by financing activities includes $ 372.0 million of net proceeds from borrowings under our credit agreement ( net of $ 25.0 million of borrowings and repayments of revolving loans ) and $ 1.0 million of excess tax benefits from share-based compensation . 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 employees for net share settlement of share-based compensation . net cash used in financing activities were 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 . for fiscal 2009 , net cash used in financing activities includes $ 102.0 million dollars for the repurchase and redemption of $ 96.3 million principal amount of senior subordinated notes , $ 2.3 million 38 for common stock repurchases , $ 26.4 million for dividend payments and $ 0.7 million of deferred financing costs , partially offset by net proceeds of $ 86.6 million from our public offering of common stock . 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 2011 , 2010 and 2009 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 2012 through 2026. 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 any 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 november 30 , 2011 , in connection with the culver specialty brands acquisition , we entered into a new senior secured credit agreement , which includes a $ 200.0 million revolving credit facility , $ 150.0 million of tranche a term loans and $ 225.0 million of tranche b term loans . the proceeds of the term loan borrowings , $ 25.0 million of revolving loans , and cash on hand were used to repay all $ 130.0 million of outstanding borrowings under our prior credit agreement , fund the acquisition purchase price and pay related transaction fees and expenses . at december 31 , 2011 , all revolving loans had been repaid and the available borrowing capacity under our revolving credit facility , net of outstanding letters of credit , was $ 199.5 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 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 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. 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 39 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

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 . fiscal 2011 compared to fiscal 2010 net sales . net sales increased $ 30.5 million or 6.0 % to $ 543.9 million for fiscal 2011 from $ 513.3 million for fiscal 2010. the increase was attributable to unit volume and sales price increases of $ 29.6 million and $ 1.7 million , respectively , offset by an increase in coupon and slotting expenses of $ 0.8 million . net sales of our don pepino and sclafani brands , which we acquired in late november 2010 , contributed $ 12.5 million to the overall increase and net sales of the culver specialty brands , which we acquired at the end of november 2011 , contributed $ 6.5 million to the overall increase . net sales of our ortega , maple grove farms of vermont , cream of wheat , las palmas and underwood products increased by $ 5.1 million , $ 5.0 million , $ 3.1 million , $ 2.5 million and $ 0.7 million or 4.0 % , 7.2 % , 4.8 % , 8.0 % and 3.0 % , respectively . these increases were offset by a reduction in net sales of b & g , joan of arc , trappey 's , grandma 's and emeril 's products of $ 1.2 million , $ 0.8 million , $ 0.7 million , 0.7 million and $ 0.7 million or 3.4 % , 6.6 % , 4.4 % , 5.0 % and 3.6 % , respectively . in the aggregate , net sales for all other brands decreased $ 0.8 million or 0.6 % . gross profit . gross profit increased $ 10.1 million or 6.0 % to $ 177.8 million in fiscal 2011 from $ 167.7 million in fiscal 2010. gross profit expressed as a percentage of net sales remained consistent at 32.7 % in fiscal 2011 and fiscal 2010 , attributable to pricing gains of $ 1.7 million and a sales mix shift to higher margin products offset by higher input and distribution costs . 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 . fiscal 2011 compared to fiscal 2010 net sales . net sales increased $ 30.5 million or 6.0 % to $ 543.9 million for fiscal 2011 from $ 513.3 million for fiscal 2010. the increase was attributable to unit volume and sales price increases of $ 29.6 million and $ 1.7 million , respectively , offset by an increase in coupon and slotting expenses of $ 0.8 million . net sales of our don pepino and sclafani brands , which we acquired in late november 2010 , contributed $ 12.5 million to the overall increase and net sales of the culver specialty brands , which we acquired at the end of november 2011 , contributed $ 6.5 million to the overall increase . net sales of our ortega , maple grove farms of vermont , cream of wheat , las palmas and underwood products increased by $ 5.1 million , $ 5.0 million , $ 3.1 million , $ 2.5 million and $ 0.7 million or 4.0 % , 7.2 % , 4.8 % , 8.0 % and 3.0 % , respectively . these increases were offset by a reduction in net sales of b & g , joan of arc , trappey 's , grandma 's and emeril 's products of $ 1.2 million , $ 0.8 million , $ 0.7 million , 0.7 million and $ 0.7 million or 3.4 % , 6.6 % , 4.4 % , 5.0 % and 3.6 % , respectively . in the aggregate , net sales for all other brands decreased $ 0.8 million or 0.6 % . gross profit . gross profit increased $ 10.1 million or 6.0 % to $ 177.8 million in fiscal 2011 from $ 167.7 million in fiscal 2010. gross profit expressed as a percentage of net sales remained consistent at 32.7 % in fiscal 2011 and fiscal 2010 , attributable to pricing gains of $ 1.7 million and a sales mix shift to higher margin products offset by higher input and distribution costs . selling , general and administrative expenses .
```    
 Suspicious Activity Report : 30 we expect significant cost increases for raw materials in the market place during 2012. however , we are currently locked into our supply and prices for a majority of our most significant commodities ( excluding , among others , maple syrup ) through 2012 at a cost increase of less than 2.0 % of projected 2012 cost of goods sold . during fiscal 2010 and 2011 , our sales price increases and our cost saving measures more than offset our cost 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 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 . 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 . 31 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 . goodwill and other intangible assets goodwill and indefinite-lived intangible assets ( trademarks ) are tested for impairment at least annually and whenever events or circumstances occur indicating that goodwill or indefinite-lived intangibles might be impaired . story_separator_special_tag for fiscal 2011 , net cash provided by financing activities includes $ 372.0 million of net proceeds from borrowings under our credit agreement ( net of $ 25.0 million of borrowings and repayments of revolving loans ) and $ 1.0 million of excess tax benefits from share-based compensation . 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 employees for net share settlement of share-based compensation . net cash used in financing activities were 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 . for fiscal 2009 , net cash used in financing activities includes $ 102.0 million dollars for the repurchase and redemption of $ 96.3 million principal amount of senior subordinated notes , $ 2.3 million 38 for common stock repurchases , $ 26.4 million for dividend payments and $ 0.7 million of deferred financing costs , partially offset by net proceeds of $ 86.6 million from our public offering of common stock . 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 2011 , 2010 and 2009 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 2012 through 2026. 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 any 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 november 30 , 2011 , in connection with the culver specialty brands acquisition , we entered into a new senior secured credit agreement , which includes a $ 200.0 million revolving credit facility , $ 150.0 million of tranche a term loans and $ 225.0 million of tranche b term loans . the proceeds of the term loan borrowings , $ 25.0 million of revolving loans , and cash on hand were used to repay all $ 130.0 million of outstanding borrowings under our prior credit agreement , fund the acquisition purchase price and pay related transaction fees and expenses . at december 31 , 2011 , all revolving loans had been repaid and the available borrowing capacity under our revolving credit facility , net of outstanding letters of credit , was $ 199.5 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 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 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. 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 39 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

