º coach closed three net retail stores and opened 24 new factory stores including 10 men 's , bringing the total number of retail and factory stores to 351 and 193 , respectively , at the end of fiscal 2013. international sales rose 9.9 % to $ 1.54 billion , reflecting new and expanded stores . º coach opened 30 net locations in china and 11 net locations in japan . as of the end of fiscal 2013 , the company operated 191 locations in japan , 126 in china , 48 in korea , 27 in taiwan , 10 in malaysia , and seven in singapore . º international benefited from the results of the company-operated korea ( 47 retail and department stores ) and malaysia ( 10 retail stores ) businesses acquired during the first quarter of fiscal 2013 , and the taiwan ( 26 retail and department stores ) business , acquired during the third quarter of fiscal 2012. operating income increased 0.8 % to $ 1.52 billion . net income decreased 0.4 % to $ 1.03 billion . earnings per diluted share increased 2.3 % to $ 3.61. coach 's board increased the company 's cash dividend by 12.5 % to an expected annual rate of $ 1.35 per share starting with the dividend paid on july 1 , 2013. on a non-gaap basis , the key metrics for fiscal 2013 were : operating income increased 1.7 % to $ 1.58 billion . net income increased 2.7 % to $ 1.07 billion . earnings per diluted share increased 5.5 % to $ 3.73 . 30 fiscal 2013 compared to fiscal 2012 the following table summarizes results of operations for fiscal 2013 compared to fiscal 2012 : replace_table_token_15_th 31 items affecting comparability the company 's reported results are presented in accordance with accounting principles generally accepted in the united states of america ( gaap ) . the reported gross profit , selling , general and administrative expenses , operating income , income before provision for income taxes , provision for income taxes , net income and earnings per diluted share in fiscal 2013 and 2012 reflect certain items which affect the comparability of our results , as noted in the following tables . refer to page 39 for a discussion on the non-gaap measures . coach , inc. gaap to non-gaap reconciliation for the years ended june 29 , 2013 and june 30 , 2012 ( in millions , except per share data ) replace_table_token_16_th replace_table_token_17_th fiscal 2013 items restructuring and transformation in fiscal 2013 , the company incurred restructuring and transformation related charges of $ 53.2 million . the charges recorded in selling , general and administrative expenses and cost of sales were $ 48.4 million and $ 4.8 million , respectively . the charges include the strategic reassessment of the reed krakoff business , streamlining our organizational model and reassessing the fleet of our retail stores and inventories . additional actions are expected to continue into the first quarter of fiscal 2014 , primarily related to the reed krakoff business . fiscal 2012 items charitable contributions and tax adjustments during fiscal 2012 , the company decreased the provision for income taxes by $ 23.9 million , primarily as a result of recording the effect of a revaluation of certain deferred tax asset balances due to a change in 32 japan 's corporate tax laws and the favorable settlement of a multi-year transfer pricing agreement with japan . the company used the net income favorability to contribute an aggregate $ 39.2 million to the coach foundation . currency fluctuation effects the percentage increase in sales in fiscal 2013 for coach japan have been presented both including and excluding currency fluctuation effects from translating these foreign-denominated amounts into u.s. dollars and comparing these figures to the same periods in the prior fiscal year . we believe that presenting coach japan sales increases , including and excluding currency fluctuation effects , will help investors and analysts to understand the effect on these valuable performance measures of significant year-over-year currency fluctuations . net sales the following table presents net sales by reportable segment for fiscal 2013 compared to fiscal 2012 : replace_table_token_18_th ( 1 ) prior year segment data has been restated to reflect the company 's revised reportable segment structure . see note segment information for a discussion of the change in reportable segments . ( 2 ) net sales in the other category , which is not a reportable segment , consists of sales generated in ancillary channels including licensing and disposition . comparable store sales measure sales performance at stores that have been open for at least 12 months , and includes sales from the internet . coach excludes new locations from the comparable store base for the first year of operation . similarly , stores that are expanded by 15 % or more are also excluded from the comparable store base until the first anniversary of their reopening . beginning in fiscal 2014 , comparable store sales will not be adjusted for store expansions given our planned transformation related to capital investments . north america net sales increased 4.9 % to $ 3.48 billion during fiscal 2013 from $ 3.32 billion during fiscal 2012 , primarily driven by sales from new and expanded stores and a 0.3 % increase in comparable store sales , partially offset by decreased shipments into wholesale stores . significant traffic improvement in the north american internet business drove the slight comparable store sales increase . since the end of fiscal 2012 , coach opened 24 factory stores , including 10 men 's , closed three net retail stores , and expanded six factory and one retail store in north america . international net sales increased 9.9 % to $ 1.54 billion during fiscal 2013 from $ 1.40 billion during fiscal 2012 , primarily driven by sales from new and acquisition-related stores . story_separator_special_tag provision for income taxes the effective tax rate was 31.0 % in fiscal 2012 compared to 32.3 % in fiscal 2011. during the second quarter of fiscal 2012 , the company recorded the effect of a revaluation of certain deferred tax asset balances due to a change in japan 's corporate tax laws and the favorable completion of a multi-year transfer pricing agreement with japan . also , during the fourth quarter of fiscal 2012 , the company recognized a favorable tax settlement . as a result , it made charitable contributions which precisely offset the benefit of the tax settlement to net income and earnings per share . during the third quarter of fiscal 2011 , the company decreased the provision for income taxes primarily as a result of a favorable settlement of a multi-year tax return examination . excluding the benefit from these items affecting comparability , the effective tax rate was 32.8 % in fiscal 2012 and 33.6 % in fiscal 2011. the decrease in the effective tax rate is also attributable to higher profitability in lower tax rate jurisdictions in which income is earned , due to the increased globalization of the company , and a lower effective state tax rate . net income net income was $ 1.04 billion in fiscal 2012 compared to $ 880.8 million in fiscal 2011. the increase was due to the higher operating income and a reduction of the effective tax rate . net income per diluted share net income per diluted share grew 20.9 % to $ 3.53 in fiscal 2012 as compared to $ 2.92 in fiscal 2011. this growth primarily reflected the higher net income . 38 fiscal 2013 , fiscal 2012 and fiscal 2011 items affecting comparability of our financial results non-gaap measures the company 's reported results are presented in accordance with gaap . the reported gross profit , sg & a expenses , operating income , provision for income taxes , net income and earnings per diluted share in fiscal 2013 reflect certain items which affect the comparability of our results . similarly , the reported sg & a expenses , operating income , and provision for income taxes in fiscal 2012 and 2011 reflect certain items which affect the comparability of our results . these metrics are also reported on a non-gaap basis for these fiscal years to exclude the impact of these items . these non-gaap performance measures were used by management to conduct and evaluate its business during its regular review of operating results for the periods affected . management and the company 's board utilized these non-gaap measures to make decisions about the uses of company resources , analyze performance between periods , develop internal projections and measure management performance . the company 's primary internal financial reporting excluded these items affecting comparability . in addition , the compensation committee of the company 's board used these non-gaap measures when setting and assessing achievement of incentive compensation goals . we believe these non-gaap measures are useful to investors in evaluating the company 's ongoing operating and financial results and understanding how such results compare with the company 's historical performance . in addition , we believe excluding the items affecting comparability assists investors in developing expectations of future performance . by providing the non-gaap measures , as a supplement to gaap information , we believe we are enhancing investors ' understanding of our business and our results of operations . the non-gaap financial measures are limited in their usefulness and should be considered in addition to , and not in lieu of , u.s. gaap financial measures . further , these non-gaap measures may be unique to the company , as they may be different from non-gaap measures used by other companies . for a detailed discussion on these non-gaap measures , see the results of operations section within item 7. management 's discussion and analysis . 39 the comparisons of our financial results are affected by the following items included in our reported results : replace_table_token_23_th ( 1 ) charges primarily related to corporate restructuring severance related expenses and impairment charges related to retail stores and inventory . ( 2 ) charitable contributions precisely offset the benefit of tax settlements and in fiscal 2012 , a revaluation of certain japan related deferred tax asset balances due to a change in japan 's corporate tax laws . 40 financial condition cash flows replace_table_token_24_th net increase in cash and cash equivalents the net increase in cash and cash equivalents declined $ 71.9 million in fiscal 2013 compared to fiscal 2012 primarily due to purchases of investments , lower proceeds and excess tax benefits related to share based awards , our investment in the hudson yards joint venture in fiscal year 2013 , higher dividend payments , and higher capital expenditures . these were partially offset by lower share repurchases and increased cash provided by operations . net cash provided by operating activities net cash provided by operating activities increased $ 192.3 million primarily due to a $ 121.1 million year-over-year improvement in operating assets and liabilities , lower excess tax benefit related to share-based compensation of $ 41.2 million in fiscal 2013 , and higher non-cash expense items of $ 34.5 million . the change in operating assets and liabilities benefitted primarily from the fiscal 2013 collection of an income tax refund and a year-over-year reduction in the growth of inventory and accounts receivable . the inventory benefit was due to lapping the significant growth in fiscal 2012 inventory , when compared to an unusually low balance at the end of fiscal 2011. the increase in non-cash expenses reflected higher depreciation and the non-cash portion of the fiscal 2013 restructuring charges , partially offset by the year-over-year change in the deferred income tax provision . story_separator_special_tag 0pt ; margin-left : 0pt ; margin-bottom : 0pt `` > common stock repurchase program in january 2011 , the board approved a common stock

net cash used in investing activities net cash used in investing activities was $ 570.5 in fiscal 2013 compared to $ 259.4 million in fiscal 2012 , with the increase of $ 311.1 million driven by purchases of investments , investment in the hudson yards joint venture and higher planned capital investment . during fiscal 2013 , the company invested $ 100.8 million in a corporate debt securities portfolio through one of its subsidiaries outside of the u.s. , consisting of high-credit quality u.s. and non-u.s. issued corporate debt securities , and $ 70.0 million in time deposits , with no similar investment activity in the prior fiscal year period . during fiscal 2013 , the company invested $ 93.9 million in a joint venture agreement with related parties , l.p. to develop a new office tower in manhattan , known as hudson yards , that will serve as the company 's headquarters . purchases of property and equipment were $ 241.4 million in fiscal 2013 , or $ 57.0 million higher than fiscal 2013 , primarily reflecting store related capital expenditures , and $ 24.8 million of direct capital for our new corporate headquarters . net cash used in financing activities net cash used in financing activities was $ 689.1 million in fiscal 2013 , or a decrease of $ 52.8 million as compared to the prior fiscal year period . this net decrease was primarily attributable to $ 300.0 million lower expenditures for common stock repurchases partially offset by $ 104.6 million lower net proceeds from share-based awards , $ 79.4 million higher dividend payments , and $ 41.2 million of lower excess tax benefits from share-based awards . the higher dividend payments were due to an increased dividend rate per share .


 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 investing activities net cash used in investing activities was $ 570.5 in fiscal 2013 compared to $ 259.4 million in fiscal 2012 , with the increase of $ 311.1 million driven by purchases of investments , investment in the hudson yards joint venture and higher planned capital investment . during fiscal 2013 , the company invested $ 100.8 million in a corporate debt securities portfolio through one of its subsidiaries outside of the u.s. , consisting of high-credit quality u.s. and non-u.s. issued corporate debt securities , and $ 70.0 million in time deposits , with no similar investment activity in the prior fiscal year period . during fiscal 2013 , the company invested $ 93.9 million in a joint venture agreement with related parties , l.p. to develop a new office tower in manhattan , known as hudson yards , that will serve as the company 's headquarters . purchases of property and equipment were $ 241.4 million in fiscal 2013 , or $ 57.0 million higher than fiscal 2013 , primarily reflecting store related capital expenditures , and $ 24.8 million of direct capital for our new corporate headquarters . net cash used in financing activities net cash used in financing activities was $ 689.1 million in fiscal 2013 , or a decrease of $ 52.8 million as compared to the prior fiscal year period . this net decrease was primarily attributable to $ 300.0 million lower expenditures for common stock repurchases partially offset by $ 104.6 million lower net proceeds from share-based awards , $ 79.4 million higher dividend payments , and $ 41.2 million of lower excess tax benefits from share-based awards . the higher dividend payments were due to an increased dividend rate per share .
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 Suspicious Activity Report : º coach closed three net retail stores and opened 24 new factory stores including 10 men 's , bringing the total number of retail and factory stores to 351 and 193 , respectively , at the end of fiscal 2013. international sales rose 9.9 % to $ 1.54 billion , reflecting new and expanded stores . º coach opened 30 net locations in china and 11 net locations in japan . as of the end of fiscal 2013 , the company operated 191 locations in japan , 126 in china , 48 in korea , 27 in taiwan , 10 in malaysia , and seven in singapore . º international benefited from the results of the company-operated korea ( 47 retail and department stores ) and malaysia ( 10 retail stores ) businesses acquired during the first quarter of fiscal 2013 , and the taiwan ( 26 retail and department stores ) business , acquired during the third quarter of fiscal 2012. operating income increased 0.8 % to $ 1.52 billion . net income decreased 0.4 % to $ 1.03 billion . earnings per diluted share increased 2.3 % to $ 3.61. coach 's board increased the company 's cash dividend by 12.5 % to an expected annual rate of $ 1.35 per share starting with the dividend paid on july 1 , 2013. on a non-gaap basis , the key metrics for fiscal 2013 were : operating income increased 1.7 % to $ 1.58 billion . net income increased 2.7 % to $ 1.07 billion . earnings per diluted share increased 5.5 % to $ 3.73 . 30 fiscal 2013 compared to fiscal 2012 the following table summarizes results of operations for fiscal 2013 compared to fiscal 2012 : replace_table_token_15_th 31 items affecting comparability the company 's reported results are presented in accordance with accounting principles generally accepted in the united states of america ( gaap ) . the reported gross profit , selling , general and administrative expenses , operating income , income before provision for income taxes , provision for income taxes , net income and earnings per diluted share in fiscal 2013 and 2012 reflect certain items which affect the comparability of our results , as noted in the following tables . refer to page 39 for a discussion on the non-gaap measures . coach , inc. gaap to non-gaap reconciliation for the years ended june 29 , 2013 and june 30 , 2012 ( in millions , except per share data ) replace_table_token_16_th replace_table_token_17_th fiscal 2013 items restructuring and transformation in fiscal 2013 , the company incurred restructuring and transformation related charges of $ 53.2 million . the charges recorded in selling , general and administrative expenses and cost of sales were $ 48.4 million and $ 4.8 million , respectively . the charges include the strategic reassessment of the reed krakoff business , streamlining our organizational model and reassessing the fleet of our retail stores and inventories . additional actions are expected to continue into the first quarter of fiscal 2014 , primarily related to the reed krakoff business . fiscal 2012 items charitable contributions and tax adjustments during fiscal 2012 , the company decreased the provision for income taxes by $ 23.9 million , primarily as a result of recording the effect of a revaluation of certain deferred tax asset balances due to a change in 32 japan 's corporate tax laws and the favorable settlement of a multi-year transfer pricing agreement with japan . the company used the net income favorability to contribute an aggregate $ 39.2 million to the coach foundation . currency fluctuation effects the percentage increase in sales in fiscal 2013 for coach japan have been presented both including and excluding currency fluctuation effects from translating these foreign-denominated amounts into u.s. dollars and comparing these figures to the same periods in the prior fiscal year . we believe that presenting coach japan sales increases , including and excluding currency fluctuation effects , will help investors and analysts to understand the effect on these valuable performance measures of significant year-over-year currency fluctuations . net sales the following table presents net sales by reportable segment for fiscal 2013 compared to fiscal 2012 : replace_table_token_18_th ( 1 ) prior year segment data has been restated to reflect the company 's revised reportable segment structure . see note segment information for a discussion of the change in reportable segments . ( 2 ) net sales in the other category , which is not a reportable segment , consists of sales generated in ancillary channels including licensing and disposition . comparable store sales measure sales performance at stores that have been open for at least 12 months , and includes sales from the internet . coach excludes new locations from the comparable store base for the first year of operation . similarly , stores that are expanded by 15 % or more are also excluded from the comparable store base until the first anniversary of their reopening . beginning in fiscal 2014 , comparable store sales will not be adjusted for store expansions given our planned transformation related to capital investments . north america net sales increased 4.9 % to $ 3.48 billion during fiscal 2013 from $ 3.32 billion during fiscal 2012 , primarily driven by sales from new and expanded stores and a 0.3 % increase in comparable store sales , partially offset by decreased shipments into wholesale stores . significant traffic improvement in the north american internet business drove the slight comparable store sales increase . since the end of fiscal 2012 , coach opened 24 factory stores , including 10 men 's , closed three net retail stores , and expanded six factory and one retail store in north america . international net sales increased 9.9 % to $ 1.54 billion during fiscal 2013 from $ 1.40 billion during fiscal 2012 , primarily driven by sales from new and acquisition-related stores . story_separator_special_tag provision for income taxes the effective tax rate was 31.0 % in fiscal 2012 compared to 32.3 % in fiscal 2011. during the second quarter of fiscal 2012 , the company recorded the effect of a revaluation of certain deferred tax asset balances due to a change in japan 's corporate tax laws and the favorable completion of a multi-year transfer pricing agreement with japan . also , during the fourth quarter of fiscal 2012 , the company recognized a favorable tax settlement . as a result , it made charitable contributions which precisely offset the benefit of the tax settlement to net income and earnings per share . during the third quarter of fiscal 2011 , the company decreased the provision for income taxes primarily as a result of a favorable settlement of a multi-year tax return examination . excluding the benefit from these items affecting comparability , the effective tax rate was 32.8 % in fiscal 2012 and 33.6 % in fiscal 2011. the decrease in the effective tax rate is also attributable to higher profitability in lower tax rate jurisdictions in which income is earned , due to the increased globalization of the company , and a lower effective state tax rate . net income net income was $ 1.04 billion in fiscal 2012 compared to $ 880.8 million in fiscal 2011. the increase was due to the higher operating income and a reduction of the effective tax rate . net income per diluted share net income per diluted share grew 20.9 % to $ 3.53 in fiscal 2012 as compared to $ 2.92 in fiscal 2011. this growth primarily reflected the higher net income . 38 fiscal 2013 , fiscal 2012 and fiscal 2011 items affecting comparability of our financial results non-gaap measures the company 's reported results are presented in accordance with gaap . the reported gross profit , sg & a expenses , operating income , provision for income taxes , net income and earnings per diluted share in fiscal 2013 reflect certain items which affect the comparability of our results . similarly , the reported sg & a expenses , operating income , and provision for income taxes in fiscal 2012 and 2011 reflect certain items which affect the comparability of our results . these metrics are also reported on a non-gaap basis for these fiscal years to exclude the impact of these items . these non-gaap performance measures were used by management to conduct and evaluate its business during its regular review of operating results for the periods affected . management and the company 's board utilized these non-gaap measures to make decisions about the uses of company resources , analyze performance between periods , develop internal projections and measure management performance . the company 's primary internal financial reporting excluded these items affecting comparability . in addition , the compensation committee of the company 's board used these non-gaap measures when setting and assessing achievement of incentive compensation goals . we believe these non-gaap measures are useful to investors in evaluating the company 's ongoing operating and financial results and understanding how such results compare with the company 's historical performance . in addition , we believe excluding the items affecting comparability assists investors in developing expectations of future performance . by providing the non-gaap measures , as a supplement to gaap information , we believe we are enhancing investors ' understanding of our business and our results of operations . the non-gaap financial measures are limited in their usefulness and should be considered in addition to , and not in lieu of , u.s. gaap financial measures . further , these non-gaap measures may be unique to the company , as they may be different from non-gaap measures used by other companies . for a detailed discussion on these non-gaap measures , see the results of operations section within item 7. management 's discussion and analysis . 39 the comparisons of our financial results are affected by the following items included in our reported results : replace_table_token_23_th ( 1 ) charges primarily related to corporate restructuring severance related expenses and impairment charges related to retail stores and inventory . ( 2 ) charitable contributions precisely offset the benefit of tax settlements and in fiscal 2012 , a revaluation of certain japan related deferred tax asset balances due to a change in japan 's corporate tax laws . 40 financial condition cash flows replace_table_token_24_th net increase in cash and cash equivalents the net increase in cash and cash equivalents declined $ 71.9 million in fiscal 2013 compared to fiscal 2012 primarily due to purchases of investments , lower proceeds and excess tax benefits related to share based awards , our investment in the hudson yards joint venture in fiscal year 2013 , higher dividend payments , and higher capital expenditures . these were partially offset by lower share repurchases and increased cash provided by operations . net cash provided by operating activities net cash provided by operating activities increased $ 192.3 million primarily due to a $ 121.1 million year-over-year improvement in operating assets and liabilities , lower excess tax benefit related to share-based compensation of $ 41.2 million in fiscal 2013 , and higher non-cash expense items of $ 34.5 million . the change in operating assets and liabilities benefitted primarily from the fiscal 2013 collection of an income tax refund and a year-over-year reduction in the growth of inventory and accounts receivable . the inventory benefit was due to lapping the significant growth in fiscal 2012 inventory , when compared to an unusually low balance at the end of fiscal 2011. the increase in non-cash expenses reflected higher depreciation and the non-cash portion of the fiscal 2013 restructuring charges , partially offset by the year-over-year change in the deferred income tax provision . story_separator_special_tag 0pt ; margin-left : 0pt ; margin-bottom : 0pt `` > common stock repurchase program in january 2011 , the board approved a common stock

