net operating results from october 30 , 2011 to november 1 , 2011 were not material . the liquidation basis of accounting is appropriate when the liquidation of a company appears imminent and the net realizable value of its assets is reasonably determinable . under this basis of accounting , assets and liabilities are stated at their net realizable value and estimated costs through the liquidation date are provided to the extent reasonably determinable . the consolidated financial statements for the periods ended october 29 , 2011 and february 26 , 2011 were prepared on the going concern basis of accounting , which contemplated realization of assets and satisfaction of liabilities in the normal course of business . in the opinion of management , the accompanying consolidated statements of operations , shareholders ' equity and cash flows contain all adjustments , including normal recurring adjustments , necessary to present fairly the financial position of the company as of october 29 , 2011 and february 26 , 2011. critical accounting policies and estimates the preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the appropriate application of certain accounting policies , many of which require us to make estimates and assumptions about future events and their impact on amounts reported in the financial statements and related notes . since future events and their impact can not be determined with certainty , the actual results will inevitably differ from the company 's estimates . such differences could be material to the financial statements . the company believes that its application of accounting policies , and the estimates inherently required by the policies , are reasonable . these accounting policies and estimates are reevaluated periodically , and adjustments are made when facts and circumstances dictate a change . historically , the company has found the application of accounting policies to be appropriate , and actual results have not differed materially from those determined using necessary estimates . the company has identified certain critical accounting policies that applied to the company 's financial reporting until the adoption of the liquidation basis of accounting on october 30 , 2011. these policies are described below . 9 merchandise inventory – merchandise inventories were stated at the lower of cost or market on a first-in , first-out ( fifo ) basis , as determined by the retail inventory method . under the retail method , inventory cost and the resulting gross margins were calculated by applying a cost to retail ratio between the costs of goods available for sale and the retail value of inventories . for a brief period , from october 4 , 2009 through october 2 , 2010 , the syms stores utilized a different method , the moving weighted average cost method . under the moving weighted average cost method , inventory cost and the resulting gross margins were calculated by applying an average cost based on the cost of goods available for sale divided by the number of units available for sale . the change in the method of recording syms inventory in the third quarter of fiscal 2009 and the third quarter of fiscal 2010 did not have a material impact on reported results of operations . the significant estimates used were for markdowns and shrinkage . factors considered in the determination of permanent markdowns included current and anticipated demand , customer preferences , age of the merchandise , fashion trends and weather conditions . in addition , inventory is also evaluated against corporate pre-determined historical markdown trends . when a decision was made to permanently markdown merchandise , the resulting gross margin reduction was recognized in the period the markdown was recorded . shrinkage was estimated as a percentage of sales for the period from the date of the last physical inventory to the end of the fiscal year . physical inventories were taken at least annually for all stores and inventory records were adjusted accordingly . the shrinkage rate from the most recent physical inventory , in combination with historical experience , was used as the standard for the shrinkage accrual following the physical inventory . long-lived assets - in evaluating and measuring an impairment loss , the company considered individual retail locations to be the appropriate asset group , since the store level was the lowest level at which identifiable cash flows were independent of the cash flows of other assets and liabilities . the company evaluated long-lived assets for impairment at all of its retail locations on at least an annual basis at the end of each fiscal year , after the holiday selling season , when the company had the most visibility into the operations of the individual store . the company also tested an asset group for impairment during the year if any impairment indicators were identified that could result in a potential impairment . if it was determined that such indicators were present and the review disclosed that the assets would not be fully recoverable , based on undiscounted estimated cash flows over the remaining useful lives , their carrying values were reduced to estimated fair value . various factors , including future sales growth and profit margins , were included in this analysis . deferred tax valuation allowance – the company considered future taxable income and prudent and feasible tax planning strategies that could produce additional future taxable income in assessing the need for a valuation allowance . story_separator_special_tag depreciation and amortization expense was $ 9.8 million and $ 14.6 million for the thirty-five weeks ended october 29 , 2011 and for the twelve months ended february 26 , 2011 , respectively . gain on disposition of assets for the thirty-five weeks ended october 29 , 2011 was $ 7.6 million due primarily to the gain on the sale and leaseback of the tampa , fl location , the sale of the store located in rockville , md and the proceeds of a partial condemnation of the property adjacent to the marietta , ga store , offset by the loss from the sale of the north randall , oh location . loss on disposition of assets for fiscal 2010 was $ 0.5 million , which was the net result of closing four stores , selling three stores and downsizing one store . the company recorded no asset impairment charge during the thirty-five weeks ended october 29 , 2011. asset impairment charges for fiscal 2010 were $ 4.3 million or 1.0 % of net sales . during fiscal 2010 , the company determined that six stores ' long-lived assets had been impaired . in addition , the company shifted most of its merchandise processing from its new jersey distribution center to its massachusetts distribution center , in order to reduce distribution costs . this shift resulted in a partial impairment of the new jersey facility . in conjunction with this move , an office in massachusetts was closed giving rise to a further impairment charge . other expenses for the thirty-five weeks ended october 29 , 2011 was $ 4.8 million , of which $ 1.5 million were estimated costs associated with the retro-fit of the park avenue , ny store , the settlement of the fulton , ny store lease obligation of $ 1.1 million and the settlement of the fifth avenue , ny store lease obligation of $ 2.6 million . the fifth avenue , ny store obligation of $ 2.6 million was subsequently reimbursed to the company and was later adjusted as part of the liquidation leases adjustment . the company recorded no restructuring charges during the thirty-five weeks ended october 29 , 2011. during fiscal 2010 , the company recorded $ 9.3 million of restructuring charges . the company opened one store and closed four stores during fiscal 2010. the company was required to continue to make lease payments on two of these closed stores , one through may 2012 and the other through september 2017. the company had recorded the present value of these payments as a restructuring charge , totaling approximately $ 7.2 million . in addition , as part of the integration of the syms and filene 's operations , a total of $ 2.1 million of information technology related professional fees , legal fees and severance costs associated with staffing level reductions , which were incurred and were recorded as restructuring charges in fiscal 2010. interest expense for the thirty-five weeks ended october 29 , 2011 and the twelve months ended february 26 , 2011 was $ 1.1 million and $ 1.4 million , respectively . these expenses were the result of borrowings on the company 's revolving credit facility during these periods . as a result of the above-noted items , the loss before income taxes for the thirty-five week period ended october 29 , 2011 was $ 29.6 million compared with $ 51.7 million for the twelve-month period ended february 26 , 2011. for the thirty-five weeks period ended october 29 , 2011 , the company wrote off its short-term and long-term deferred tax assets of approximately $ 46.3 million as a result of management making the determination that the recovery of the assets was not likely . the effective income tax rate for the thirty-five week period ended october 29 , 2011 was ( 156.7 % ) . for fiscal 2010 , the effective income tax rate was 36.5 % . in fiscal 2010 , the difference between the effective income tax rate and the federal statutory rate resulted primarily from state income taxes , adjustments related to prior year income taxes , and to a lesser extent permanent differences in the deductibility of expenses for book and tax . story_separator_special_tag justify `` > item 9a . controls and procedures ( a ) evaluation of disclosure controls and procedures the company maintains disclosure controls and procedures that are designed to ensure ( i ) that information required to be disclosed in its reports filed or submitted pursuant to the securities exchange act of 1934 , as amended ( the “ exchange act ” ) , is recorded , processed , summarized and reported within the time periods specified in the sec rules and forms , and ( ii ) that information required to be disclosed by the company in its exchange act reports is accumulated and communicated to management including the company 's principal executive officer and principal financial officer , to allow timely decisions regarding required disclosure . under the supervision and with the participation of our management , including the principal executive officer of the company and the principal financial officer of the company , we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as required by rule 13a-15 ( b ) of the exchange act , as of the end of the period covered by this report . based upon that evaluation , the company 's principal executive officer and principal financial officer concluded that the company 's disclosure controls and procedures were effective as of such date . 13 ( b ) management 's report on internal control over financial reporting the company 's management is responsible for establishing and maintaining adequate internal control over financial reporting , as such term is defined in rule 13a-15 ( f ) under the securities exchange act of 1934. under the supervision and with the participation of the company 's principal

liquidity and capital resources as of march 2 , 2013 , the company had cash and cash equivalents of $ 13.5 million . prior to september 14 , 2012 , the company used its cash and cash equivalents primarily for the payment of professional fees related to the chapter 11 cases , as well as its daily operations . after september 14 , 2012 , the company used its cash and equivalents primarily for the payment of professional fees and claims related to the chapter 11 cases , as well as its daily operations and to fund reserves under the plan . the company believes that it will be able to fund its operations through its cash flows from property sales , but as noted above , the plan imposes restrictions on the amount of operating expenses that the company is allowed to incur and pay from cash flows . if the company requires additional funds beyond those reserved to pay for its operating expenses , it may seek equity or debt financing , or it may seek relief from the holder of the series a preferred stock , who has the right to consent to an increase in the operating reserves . as noted above , the company has asked the holder of the series a preferred stock for an increase in its operating reserves , and the company is awaiting a response . pursuant to the plan , with limited exceptions , any excess cash not applied to fund operating expenses must be distributed in accordance with the priorities established in the plan . 12 until october 29 , 2011 , the company purchased first-quality , in-season designer and brand name merchandise from more than 900 vendors at prices believed to be below those generally available to major department and specialty stores . the company no longer makes merchandise purchases .


 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.
     ```liquidity and capital resources as of march 2 , 2013 , the company had cash and cash equivalents of $ 13.5 million . prior to september 14 , 2012 , the company used its cash and cash equivalents primarily for the payment of professional fees related to the chapter 11 cases , as well as its daily operations . after september 14 , 2012 , the company used its cash and equivalents primarily for the payment of professional fees and claims related to the chapter 11 cases , as well as its daily operations and to fund reserves under the plan . the company believes that it will be able to fund its operations through its cash flows from property sales , but as noted above , the plan imposes restrictions on the amount of operating expenses that the company is allowed to incur and pay from cash flows . if the company requires additional funds beyond those reserved to pay for its operating expenses , it may seek equity or debt financing , or it may seek relief from the holder of the series a preferred stock , who has the right to consent to an increase in the operating reserves . as noted above , the company has asked the holder of the series a preferred stock for an increase in its operating reserves , and the company is awaiting a response . pursuant to the plan , with limited exceptions , any excess cash not applied to fund operating expenses must be distributed in accordance with the priorities established in the plan . 12 until october 29 , 2011 , the company purchased first-quality , in-season designer and brand name merchandise from more than 900 vendors at prices believed to be below those generally available to major department and specialty stores . the company no longer makes merchandise purchases .
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 Suspicious Activity Report : net operating results from october 30 , 2011 to november 1 , 2011 were not material . the liquidation basis of accounting is appropriate when the liquidation of a company appears imminent and the net realizable value of its assets is reasonably determinable . under this basis of accounting , assets and liabilities are stated at their net realizable value and estimated costs through the liquidation date are provided to the extent reasonably determinable . the consolidated financial statements for the periods ended october 29 , 2011 and february 26 , 2011 were prepared on the going concern basis of accounting , which contemplated realization of assets and satisfaction of liabilities in the normal course of business . in the opinion of management , the accompanying consolidated statements of operations , shareholders ' equity and cash flows contain all adjustments , including normal recurring adjustments , necessary to present fairly the financial position of the company as of october 29 , 2011 and february 26 , 2011. critical accounting policies and estimates the preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the appropriate application of certain accounting policies , many of which require us to make estimates and assumptions about future events and their impact on amounts reported in the financial statements and related notes . since future events and their impact can not be determined with certainty , the actual results will inevitably differ from the company 's estimates . such differences could be material to the financial statements . the company believes that its application of accounting policies , and the estimates inherently required by the policies , are reasonable . these accounting policies and estimates are reevaluated periodically , and adjustments are made when facts and circumstances dictate a change . historically , the company has found the application of accounting policies to be appropriate , and actual results have not differed materially from those determined using necessary estimates . the company has identified certain critical accounting policies that applied to the company 's financial reporting until the adoption of the liquidation basis of accounting on october 30 , 2011. these policies are described below . 9 merchandise inventory – merchandise inventories were stated at the lower of cost or market on a first-in , first-out ( fifo ) basis , as determined by the retail inventory method . under the retail method , inventory cost and the resulting gross margins were calculated by applying a cost to retail ratio between the costs of goods available for sale and the retail value of inventories . for a brief period , from october 4 , 2009 through october 2 , 2010 , the syms stores utilized a different method , the moving weighted average cost method . under the moving weighted average cost method , inventory cost and the resulting gross margins were calculated by applying an average cost based on the cost of goods available for sale divided by the number of units available for sale . the change in the method of recording syms inventory in the third quarter of fiscal 2009 and the third quarter of fiscal 2010 did not have a material impact on reported results of operations . the significant estimates used were for markdowns and shrinkage . factors considered in the determination of permanent markdowns included current and anticipated demand , customer preferences , age of the merchandise , fashion trends and weather conditions . in addition , inventory is also evaluated against corporate pre-determined historical markdown trends . when a decision was made to permanently markdown merchandise , the resulting gross margin reduction was recognized in the period the markdown was recorded . shrinkage was estimated as a percentage of sales for the period from the date of the last physical inventory to the end of the fiscal year . physical inventories were taken at least annually for all stores and inventory records were adjusted accordingly . the shrinkage rate from the most recent physical inventory , in combination with historical experience , was used as the standard for the shrinkage accrual following the physical inventory . long-lived assets - in evaluating and measuring an impairment loss , the company considered individual retail locations to be the appropriate asset group , since the store level was the lowest level at which identifiable cash flows were independent of the cash flows of other assets and liabilities . the company evaluated long-lived assets for impairment at all of its retail locations on at least an annual basis at the end of each fiscal year , after the holiday selling season , when the company had the most visibility into the operations of the individual store . the company also tested an asset group for impairment during the year if any impairment indicators were identified that could result in a potential impairment . if it was determined that such indicators were present and the review disclosed that the assets would not be fully recoverable , based on undiscounted estimated cash flows over the remaining useful lives , their carrying values were reduced to estimated fair value . various factors , including future sales growth and profit margins , were included in this analysis . deferred tax valuation allowance – the company considered future taxable income and prudent and feasible tax planning strategies that could produce additional future taxable income in assessing the need for a valuation allowance . story_separator_special_tag depreciation and amortization expense was $ 9.8 million and $ 14.6 million for the thirty-five weeks ended october 29 , 2011 and for the twelve months ended february 26 , 2011 , respectively . gain on disposition of assets for the thirty-five weeks ended october 29 , 2011 was $ 7.6 million due primarily to the gain on the sale and leaseback of the tampa , fl location , the sale of the store located in rockville , md and the proceeds of a partial condemnation of the property adjacent to the marietta , ga store , offset by the loss from the sale of the north randall , oh location . loss on disposition of assets for fiscal 2010 was $ 0.5 million , which was the net result of closing four stores , selling three stores and downsizing one store . the company recorded no asset impairment charge during the thirty-five weeks ended october 29 , 2011. asset impairment charges for fiscal 2010 were $ 4.3 million or 1.0 % of net sales . during fiscal 2010 , the company determined that six stores ' long-lived assets had been impaired . in addition , the company shifted most of its merchandise processing from its new jersey distribution center to its massachusetts distribution center , in order to reduce distribution costs . this shift resulted in a partial impairment of the new jersey facility . in conjunction with this move , an office in massachusetts was closed giving rise to a further impairment charge . other expenses for the thirty-five weeks ended october 29 , 2011 was $ 4.8 million , of which $ 1.5 million were estimated costs associated with the retro-fit of the park avenue , ny store , the settlement of the fulton , ny store lease obligation of $ 1.1 million and the settlement of the fifth avenue , ny store lease obligation of $ 2.6 million . the fifth avenue , ny store obligation of $ 2.6 million was subsequently reimbursed to the company and was later adjusted as part of the liquidation leases adjustment . the company recorded no restructuring charges during the thirty-five weeks ended october 29 , 2011. during fiscal 2010 , the company recorded $ 9.3 million of restructuring charges . the company opened one store and closed four stores during fiscal 2010. the company was required to continue to make lease payments on two of these closed stores , one through may 2012 and the other through september 2017. the company had recorded the present value of these payments as a restructuring charge , totaling approximately $ 7.2 million . in addition , as part of the integration of the syms and filene 's operations , a total of $ 2.1 million of information technology related professional fees , legal fees and severance costs associated with staffing level reductions , which were incurred and were recorded as restructuring charges in fiscal 2010. interest expense for the thirty-five weeks ended october 29 , 2011 and the twelve months ended february 26 , 2011 was $ 1.1 million and $ 1.4 million , respectively . these expenses were the result of borrowings on the company 's revolving credit facility during these periods . as a result of the above-noted items , the loss before income taxes for the thirty-five week period ended october 29 , 2011 was $ 29.6 million compared with $ 51.7 million for the twelve-month period ended february 26 , 2011. for the thirty-five weeks period ended october 29 , 2011 , the company wrote off its short-term and long-term deferred tax assets of approximately $ 46.3 million as a result of management making the determination that the recovery of the assets was not likely . the effective income tax rate for the thirty-five week period ended october 29 , 2011 was ( 156.7 % ) . for fiscal 2010 , the effective income tax rate was 36.5 % . in fiscal 2010 , the difference between the effective income tax rate and the federal statutory rate resulted primarily from state income taxes , adjustments related to prior year income taxes , and to a lesser extent permanent differences in the deductibility of expenses for book and tax . story_separator_special_tag justify `` > item 9a . controls and procedures ( a ) evaluation of disclosure controls and procedures the company maintains disclosure controls and procedures that are designed to ensure ( i ) that information required to be disclosed in its reports filed or submitted pursuant to the securities exchange act of 1934 , as amended ( the “ exchange act ” ) , is recorded , processed , summarized and reported within the time periods specified in the sec rules and forms , and ( ii ) that information required to be disclosed by the company in its exchange act reports is accumulated and communicated to management including the company 's principal executive officer and principal financial officer , to allow timely decisions regarding required disclosure . under the supervision and with the participation of our management , including the principal executive officer of the company and the principal financial officer of the company , we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as required by rule 13a-15 ( b ) of the exchange act , as of the end of the period covered by this report . based upon that evaluation , the company 's principal executive officer and principal financial officer concluded that the company 's disclosure controls and procedures were effective as of such date . 13 ( b ) management 's report on internal control over financial reporting the company 's management is responsible for establishing and maintaining adequate internal control over financial reporting , as such term is defined in rule 13a-15 ( f ) under the securities exchange act of 1934. under the supervision and with the participation of the company 's principal

