we believe that the stronger relative sales gains of the off-price retailers during 2012 and 2011 were driven mainly by continued focus on value by consumers over the past few years . our sales and earnings gains in 2012 continued to benefit from efficient execution of our off-price model throughout all areas of our business . our merchandise and operational strategies are designed to take advantage of the expanding market share of the off-price industry as well as the ongoing customer demand for name brand fashions for the family and home at compelling everyday discounts . looking ahead to 2013 , we are planning further reductions in average store inventory levels while continuing to maintain strict controls on operating expenses as part of our strategy to maximize our profitability . we refer to our fiscal years ended february 2 , 2013 , january 28 , 2012 , and january 29 , 2011 as fiscal 2012 , fiscal 2011 , and fiscal 2010 , respectively . fiscal 2012 was a 53-week year . fiscal 2011 and 2010 were each 52 weeks . results of operations the following table summarizes the financial results for fiscal 2012 , 2011 , and 2010 : replace_table_token_4_th 16 stores . total stores open at the end of fiscal 2012 , 2011 , and 2010 were 1,199 , 1,125 , and 1,055 , respectively . the number of stores at the end of fiscal 2012 , 2011 , and 2010 increased by 7 % , 7 % , and 5 % from the respective prior years . our expansion strategy is to open additional stores based on market penetration , local demographic characteristics , competition , expected store profitability , and the ability to leverage overhead expenses . we continually evaluate opportunistic real estate acquisitions and opportunities for potential new store locations . we also evaluate our current store locations and determine store closures based on similar criteria . replace_table_token_5_th sales . sales for fiscal 2012 increased $ 1.1 billion , or 12.9 % , compared to the prior year due to the opening of 74 net new stores during 2012 and a 6 % increase in comparable store sales ( defined as stores that have been open for more than 14 complete months ) . sales for fiscal 2011 increased $ 742.2 million , or 9.4 % , compared to the prior year due to the opening of 70 net new stores during 2011 and a 5 % increase in sales from comparable stores . our sales mix is shown below for fiscal 2012 , 2011 , and 2010 : replace_table_token_6_th we intend to address the competitive climate for off-price apparel and home goods by pursuing and refining our existing strategies and by continuing to strengthen our organization , diversify our merchandise mix , and more fully develop our organization and systems to improve regional and local merchandise offerings . although our strategies and store expansion program contributed to sales gains in fiscal 2012 , 2011 , and 2010 , we can not be sure that they will result in a continuation of sales growth or in an increase in net earnings . cost of goods sold . cost of goods sold in fiscal 2012 increased $ 770.7 million compared to the prior year mainly due to increased sales from the opening of 74 net new stores during the year and a 6 % increase in sales from comparable stores . cost of goods sold as a percentage of sales for fiscal 2012 decreased approximately 40 basis points from the prior year . this improvement was due primarily to a 40 basis point increase in merchandise gross margin . in addition , occupancy leveraged 25 basis points and distribution expenses as a percent of sales also declined approximately 15 basis points . these favorable items were partially offset by increases in buying and freight costs of 25 and 10 basis points , respectively , and 5 basis points related to the year over year true-up in our shortage reserve . cost of goods sold in fiscal 2011 increased $ 511.0 million compared to the prior year mainly due to increased sales from the opening of 70 net new stores during the year and a 5 % increase in sales from comparable stores . cost of goods sold as a percentage of sales for fiscal 2011 decreased approximately 35 basis points from the prior year . this improvement was mainly the result of a 50 basis point increase in merchandise gross margin , which included a 15 basis point benefit from lower shortage . in addition , occupancy leveraged 20 basis points . these improvements 17 were partially offset by increases in freight costs of about 20 basis points , distribution expenses of about 10 basis points , and buying costs of about five basis points . we can not be sure that the gross profit margins realized in fiscal 2012 , 2011 , and 2010 will continue in future years . selling , general and administrative expenses . for fiscal 2012 , selling , general and administrative expenses ( “ sg & a ” ) increased $ 133.8 million compared to the prior year , mainly due to increased store operating costs reflecting the opening of 74 net new stores during the year . sg & a as a percentage of sales for fiscal 2012 decreased by approximately 35 basis points compared to the prior year primarily due to leverage on store operating expenses . for fiscal 2011 , sg & a increased $ 74.3 million compared to the prior year , mainly due to increased store operating costs reflecting the opening of 70 net new stores during the year . story_separator_special_tag the standby letters of credit are collateralized by restricted cash and cash equivalents , and the collateral trust consists of restricted cash , cash equivalents , and investments . trade letters of credit . we had $ 38.0 million and $ 39.9 million in trade letters of credit outstanding at february 2 , 2013 and january 28 , 2012 , respectively . 22 other critical accounting policies the preparation of our consolidated financial statements requires our management to make estimates and assumptions that affect the reported amounts . these estimates and assumptions are evaluated on an ongoing basis and are based on historical experience and on various other factors that management believes to be reasonable . we believe the following critical accounting policies describe the more significant judgments and estimates used in the preparation of our consolidated financial statements . merchandise inventory . our merchandise inventory is stated at the lower of cost ( determined using a weighted average basis ) or net realizable value . we purchase manufacturer overruns and canceled orders both during and at the end of a season which are referred to as `` packaway `` inventory . packaway inventory is purchased with the intent that it will be stored in our warehouses until a later date . the timing of the release of packaway inventory to our stores is principally driven by the product mix and seasonality of the merchandise , and its relation to the company 's store merchandise assortment plans . as such , the aging of packaway varies by merchandise category and seasonality of purchase , but typically packaway remains in storage less than six months . packaway inventory accounted for approximately 47 % , 49 % , and 47 % of total inventories as of february 2 , 2013 , january 28 , 2012 , and january 29 , 2011 . merchandise inventory includes acquisition , processing , and storage costs related to packaway inventory . included in the carrying value of our merchandise inventory is a provision for shortage . the shortage reserve is based on historical shortage rates as evaluated through our annual physical merchandise inventory counts and cycle counts . if actual market conditions , markdowns , or shortage are less favorable than those projected by us , or if sales of the merchandise inventory are more difficult than anticipated , additional merchandise inventory write-downs may be required . long-lived assets . we record a long-lived asset impairment charge when events or changes in circumstances indicate that the carrying amount of a long-lived asset may not be recoverable based on estimated future cash flows . an impairment loss would be recognized if analysis of the undiscounted cash flow of an asset group was less than the carrying value of the asset group . if our actual results differ materially from projected results , an impairment charge may be required in the future . in the course of performing our annual analysis , we determined that no long-lived asset impairment charge was required for fiscal 2012 , 2011 , or 2010 . depreciation and amortization expense . property and equipment are stated at cost , less accumulated depreciation and amortization . depreciation is calculated using the straight-line method over the estimated useful life of the asset , typically ranging from three to 12 years for equipment and 20 to 40 years for land improvements and buildings . the cost of leasehold improvements is amortized over the lesser of the useful life of the asset or the applicable lease term . lease accounting . when a lease contains “ rent holidays ” or requires fixed escalations of the minimum lease payments , we record rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent . we begin recording rent expense on the lease possession date . tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term . changes in tenant improvement allowances are included as a component of operating activities in the consolidated statements of cash flows . insurance obligations . we use a combination of insurance and self-insurance for a number of risk management activities , including workers ' compensation , general liability , and employee-related health care benefits . our self-insurance and deductible liability is determined actuarially , based on claims filed and an estimate of claims incurred but not reported . should a greater amount of claims occur compared to what is estimated or the costs of medical care increase beyond what was anticipated , our recorded reserves may not be sufficient and additional charges could be required . stock-based compensation . we recognize compensation expense based upon the grant date fair value of all stock-based awards . we use historical data to estimate pre-vesting forfeitures and to recognize stock-based compensation expense . all stock-based compensation awards are expensed over the service or performance periods of the awards . income taxes . we account for our uncertain tax positions in accordance with accounting standards codification ( “ asc ” ) 740. we are required to make assumptions and judgments regarding our income tax exposures . our policy is to recognize interest and or penalties related to all tax positions in income tax expense . to the extent that accrued interest and penalties do not ultimately become payable , amounts accrued will be reduced and reflected as a reduction of the overall income tax provision in the period that such determination is made . 23 the critical accounting policies noted above are not intended to be a comprehensive list of all of our accounting policies . in many cases , the accounting treatment of a particular transaction is specifically dictated by generally accepted accounting principles ( “ gaap ” ) , with no need for management 's judgment in their application . there are also areas in

net cash used in financing activities was $ 557.0 million , $ 532.4 million , and $ 410.6 million in fiscal 2012 , 2011 , and 2010 , respectively . during fiscal 2012 , 2011 , and 2010 , our liquidity and capital requirements were provided by available cash and cash flows from operations . we repurchased 7.5 million , 11.3 million , and 13.5 million shares of common stock for aggregate purchase prices of approximately $ 450 million , $ 450 million , and $ 375 million in fiscal 2012 , 2011 , and 2010 , respectively . in january 2013 , our board of directors approved a two-year $ 1.1 billion stock repurchase program for fiscal 2013 and 2014. in january 2013 , our board of directors declared a quarterly cash dividend of $ 0.17 per common share , payable on march 29 , 2013 . our board of directors declared cash dividends of $ 0.14 per common share in january , may , august , and november 2012 , cash dividends of $ 0.11 per common share in january , may , august , and november 2011 , and cash dividends of $ 0.08 per common share in january , may , august , and november 2010 . during fiscal 2012 , 2011 , and 2010 , we paid dividends of $ 125.7 million , $ 102.0 million , and $ 77.3 million , respectively . short-term trade credit represents a significant source of financing for merchandise inventory . trade credit arises from customary payment terms and trade practices with our vendors . we regularly review the adequacy of credit available to us from all sources and expect to be able to maintain adequate trade , bank , and other credit lines to meet our capital and liquidity requirements , including lease payment obligations in 2013 . in june 2012 , we amended our existing $ 600 million unsecured revolving credit facility . the amended credit facility expires in june 2017 and contains a $ 300 million sublimit for issuance of standby letters of credit .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash used in financing activities was $ 557.0 million , $ 532.4 million , and $ 410.6 million in fiscal 2012 , 2011 , and 2010 , respectively . during fiscal 2012 , 2011 , and 2010 , our liquidity and capital requirements were provided by available cash and cash flows from operations . we repurchased 7.5 million , 11.3 million , and 13.5 million shares of common stock for aggregate purchase prices of approximately $ 450 million , $ 450 million , and $ 375 million in fiscal 2012 , 2011 , and 2010 , respectively . in january 2013 , our board of directors approved a two-year $ 1.1 billion stock repurchase program for fiscal 2013 and 2014. in january 2013 , our board of directors declared a quarterly cash dividend of $ 0.17 per common share , payable on march 29 , 2013 . our board of directors declared cash dividends of $ 0.14 per common share in january , may , august , and november 2012 , cash dividends of $ 0.11 per common share in january , may , august , and november 2011 , and cash dividends of $ 0.08 per common share in january , may , august , and november 2010 . during fiscal 2012 , 2011 , and 2010 , we paid dividends of $ 125.7 million , $ 102.0 million , and $ 77.3 million , respectively . short-term trade credit represents a significant source of financing for merchandise inventory . trade credit arises from customary payment terms and trade practices with our vendors . we regularly review the adequacy of credit available to us from all sources and expect to be able to maintain adequate trade , bank , and other credit lines to meet our capital and liquidity requirements , including lease payment obligations in 2013 . in june 2012 , we amended our existing $ 600 million unsecured revolving credit facility . the amended credit facility expires in june 2017 and contains a $ 300 million sublimit for issuance of standby letters of credit .
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 Suspicious Activity Report : we believe that the stronger relative sales gains of the off-price retailers during 2012 and 2011 were driven mainly by continued focus on value by consumers over the past few years . our sales and earnings gains in 2012 continued to benefit from efficient execution of our off-price model throughout all areas of our business . our merchandise and operational strategies are designed to take advantage of the expanding market share of the off-price industry as well as the ongoing customer demand for name brand fashions for the family and home at compelling everyday discounts . looking ahead to 2013 , we are planning further reductions in average store inventory levels while continuing to maintain strict controls on operating expenses as part of our strategy to maximize our profitability . we refer to our fiscal years ended february 2 , 2013 , january 28 , 2012 , and january 29 , 2011 as fiscal 2012 , fiscal 2011 , and fiscal 2010 , respectively . fiscal 2012 was a 53-week year . fiscal 2011 and 2010 were each 52 weeks . results of operations the following table summarizes the financial results for fiscal 2012 , 2011 , and 2010 : replace_table_token_4_th 16 stores . total stores open at the end of fiscal 2012 , 2011 , and 2010 were 1,199 , 1,125 , and 1,055 , respectively . the number of stores at the end of fiscal 2012 , 2011 , and 2010 increased by 7 % , 7 % , and 5 % from the respective prior years . our expansion strategy is to open additional stores based on market penetration , local demographic characteristics , competition , expected store profitability , and the ability to leverage overhead expenses . we continually evaluate opportunistic real estate acquisitions and opportunities for potential new store locations . we also evaluate our current store locations and determine store closures based on similar criteria . replace_table_token_5_th sales . sales for fiscal 2012 increased $ 1.1 billion , or 12.9 % , compared to the prior year due to the opening of 74 net new stores during 2012 and a 6 % increase in comparable store sales ( defined as stores that have been open for more than 14 complete months ) . sales for fiscal 2011 increased $ 742.2 million , or 9.4 % , compared to the prior year due to the opening of 70 net new stores during 2011 and a 5 % increase in sales from comparable stores . our sales mix is shown below for fiscal 2012 , 2011 , and 2010 : replace_table_token_6_th we intend to address the competitive climate for off-price apparel and home goods by pursuing and refining our existing strategies and by continuing to strengthen our organization , diversify our merchandise mix , and more fully develop our organization and systems to improve regional and local merchandise offerings . although our strategies and store expansion program contributed to sales gains in fiscal 2012 , 2011 , and 2010 , we can not be sure that they will result in a continuation of sales growth or in an increase in net earnings . cost of goods sold . cost of goods sold in fiscal 2012 increased $ 770.7 million compared to the prior year mainly due to increased sales from the opening of 74 net new stores during the year and a 6 % increase in sales from comparable stores . cost of goods sold as a percentage of sales for fiscal 2012 decreased approximately 40 basis points from the prior year . this improvement was due primarily to a 40 basis point increase in merchandise gross margin . in addition , occupancy leveraged 25 basis points and distribution expenses as a percent of sales also declined approximately 15 basis points . these favorable items were partially offset by increases in buying and freight costs of 25 and 10 basis points , respectively , and 5 basis points related to the year over year true-up in our shortage reserve . cost of goods sold in fiscal 2011 increased $ 511.0 million compared to the prior year mainly due to increased sales from the opening of 70 net new stores during the year and a 5 % increase in sales from comparable stores . cost of goods sold as a percentage of sales for fiscal 2011 decreased approximately 35 basis points from the prior year . this improvement was mainly the result of a 50 basis point increase in merchandise gross margin , which included a 15 basis point benefit from lower shortage . in addition , occupancy leveraged 20 basis points . these improvements 17 were partially offset by increases in freight costs of about 20 basis points , distribution expenses of about 10 basis points , and buying costs of about five basis points . we can not be sure that the gross profit margins realized in fiscal 2012 , 2011 , and 2010 will continue in future years . selling , general and administrative expenses . for fiscal 2012 , selling , general and administrative expenses ( “ sg & a ” ) increased $ 133.8 million compared to the prior year , mainly due to increased store operating costs reflecting the opening of 74 net new stores during the year . sg & a as a percentage of sales for fiscal 2012 decreased by approximately 35 basis points compared to the prior year primarily due to leverage on store operating expenses . for fiscal 2011 , sg & a increased $ 74.3 million compared to the prior year , mainly due to increased store operating costs reflecting the opening of 70 net new stores during the year . story_separator_special_tag the standby letters of credit are collateralized by restricted cash and cash equivalents , and the collateral trust consists of restricted cash , cash equivalents , and investments . trade letters of credit . we had $ 38.0 million and $ 39.9 million in trade letters of credit outstanding at february 2 , 2013 and january 28 , 2012 , respectively . 22 other critical accounting policies the preparation of our consolidated financial statements requires our management to make estimates and assumptions that affect the reported amounts . these estimates and assumptions are evaluated on an ongoing basis and are based on historical experience and on various other factors that management believes to be reasonable . we believe the following critical accounting policies describe the more significant judgments and estimates used in the preparation of our consolidated financial statements . merchandise inventory . our merchandise inventory is stated at the lower of cost ( determined using a weighted average basis ) or net realizable value . we purchase manufacturer overruns and canceled orders both during and at the end of a season which are referred to as `` packaway `` inventory . packaway inventory is purchased with the intent that it will be stored in our warehouses until a later date . the timing of the release of packaway inventory to our stores is principally driven by the product mix and seasonality of the merchandise , and its relation to the company 's store merchandise assortment plans . as such , the aging of packaway varies by merchandise category and seasonality of purchase , but typically packaway remains in storage less than six months . packaway inventory accounted for approximately 47 % , 49 % , and 47 % of total inventories as of february 2 , 2013 , january 28 , 2012 , and january 29 , 2011 . merchandise inventory includes acquisition , processing , and storage costs related to packaway inventory . included in the carrying value of our merchandise inventory is a provision for shortage . the shortage reserve is based on historical shortage rates as evaluated through our annual physical merchandise inventory counts and cycle counts . if actual market conditions , markdowns , or shortage are less favorable than those projected by us , or if sales of the merchandise inventory are more difficult than anticipated , additional merchandise inventory write-downs may be required . long-lived assets . we record a long-lived asset impairment charge when events or changes in circumstances indicate that the carrying amount of a long-lived asset may not be recoverable based on estimated future cash flows . an impairment loss would be recognized if analysis of the undiscounted cash flow of an asset group was less than the carrying value of the asset group . if our actual results differ materially from projected results , an impairment charge may be required in the future . in the course of performing our annual analysis , we determined that no long-lived asset impairment charge was required for fiscal 2012 , 2011 , or 2010 . depreciation and amortization expense . property and equipment are stated at cost , less accumulated depreciation and amortization . depreciation is calculated using the straight-line method over the estimated useful life of the asset , typically ranging from three to 12 years for equipment and 20 to 40 years for land improvements and buildings . the cost of leasehold improvements is amortized over the lesser of the useful life of the asset or the applicable lease term . lease accounting . when a lease contains “ rent holidays ” or requires fixed escalations of the minimum lease payments , we record rental expense on a straight-line basis over the term of the lease and the difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent . we begin recording rent expense on the lease possession date . tenant improvement allowances are included in other long-term liabilities and are amortized over the lease term . changes in tenant improvement allowances are included as a component of operating activities in the consolidated statements of cash flows . insurance obligations . we use a combination of insurance and self-insurance for a number of risk management activities , including workers ' compensation , general liability , and employee-related health care benefits . our self-insurance and deductible liability is determined actuarially , based on claims filed and an estimate of claims incurred but not reported . should a greater amount of claims occur compared to what is estimated or the costs of medical care increase beyond what was anticipated , our recorded reserves may not be sufficient and additional charges could be required . stock-based compensation . we recognize compensation expense based upon the grant date fair value of all stock-based awards . we use historical data to estimate pre-vesting forfeitures and to recognize stock-based compensation expense . all stock-based compensation awards are expensed over the service or performance periods of the awards . income taxes . we account for our uncertain tax positions in accordance with accounting standards codification ( “ asc ” ) 740. we are required to make assumptions and judgments regarding our income tax exposures . our policy is to recognize interest and or penalties related to all tax positions in income tax expense . to the extent that accrued interest and penalties do not ultimately become payable , amounts accrued will be reduced and reflected as a reduction of the overall income tax provision in the period that such determination is made . 23 the critical accounting policies noted above are not intended to be a comprehensive list of all of our accounting policies . in many cases , the accounting treatment of a particular transaction is specifically dictated by generally accepted accounting principles ( “ gaap ” ) , with no need for management 's judgment in their application . there are also areas in

