as we became aware of this issue , we pulled what we believe to be all of the affected items from our stores , showrooms 22 and e-commerce sites and began working with our supplier to replace the fabric and with our other manufacturers to replace these items as quickly as possible . the lost revenue , additional costs expected to be incurred and the write down of affected product on hand from this issue will negatively impact our results from operations in fiscal 2013. we believe that our brand is recognized as premium in our offerings of run and yoga assortment , as well as a leader in technical fabrics and functionality . this has made our product desirable to our consumers and has driven demand , which we are able to meet given our increased product depth compared to last year . delivering quality to our customers is a critical factor in our market place differentiation and removing items that do not meet our standards is key to maintaining our brand reputation . in fiscal 2013 , we plan on investing in new and legacy information technology systems to develop new capabilities in our vertical retail strategy . we have recently added strong leadership in quality control , our liason office and our commercialization and development teams , and expect these people and other investments to solidify our quality consistency and our delivery capabilities . we believe our strong cash flow generation , solid balance sheet and healthy liquidity provide us with the financial flexibility to continue executing the initiatives which we believe will lead to quality growth . operating segment overview lululemon is a designer and retailer of technical athletic apparel operating primarily in north america and australia . our yoga-inspired apparel is marketed under the lululemon athletica and ivivva athletica brand names . we offer a comprehensive line of apparel and accessories including fitness pants , shorts , tops and jackets designed for athletic pursuits such as yoga , running and general fitness , and dance-inspired apparel for female youth . as of february 3 , 2013 , our branded apparel was principally sold through 211 corporate-owned stores that are located in the united states , canada , australia and new zealand and via our e-commerce websites through our direct to consumer sales channel . we believe our vertical retail strategy allows us to interact more directly with and gain insights from our customers while providing us with greater control of our brand . in fiscal 2012 , 61 % of our net revenue was derived from sales of our products in the united states , 34 % of our net revenue was derived from the sales of our products in canada and 5 % of our net revenue was derived from sales of our products outside of north america . in fiscal 2011 , 53 % of our net revenue was derived from sales of our products in the united states , 43 % of our net revenue was derived from the sales of our products in canada and 4 % of our net revenue was derived from sales of our products outside of north america . in fiscal 2010 , 46 % of our net revenue was derived from sales of our products in the united states , 52 % of our net revenue was derived from the sales of our products in canada and 2 % of our net revenue was derived from sales of our products outside of north america . our net revenue increased from $ 1,000.8 million in fiscal 2011 to $ 1,370.4 million in fiscal 2012 , representing a 37 % increase . our increase in net revenue from fiscal 2011 to fiscal 2012 resulted from the addition of 37 retail locations , and comparable store sales growth of 16 % in fiscal 2012 , excluding the impact of the 53rd week . our ability to open new stores and grow sales in existing stores has been driven by increasing demand for our technical athletic apparel and a growing recognition of the lululemon athletica brand . we believe our superior products , strategic store locations , inviting store environment , grassroots marketing approach and distinctive corporate culture are responsible for our strong financial performance . we have three reportable segments : corporate-owned stores , direct to consumer and other . we report our segments based on the financial information we use in managing our businesses . while we receive financial information for each corporate-owned store , we have aggregated all of the corporate-owned stores into one reportable segment due to the similarities in the economic and other characteristics of these stores . our corporate-owned stores segment accounted for 80 % of our net revenue in fiscal 2012 , 82 % in fiscal 2011 and 83 % in fiscal 2010. our direct to consumer segment accounted for 14 % of our net revenue in fiscal 2012 , 11 % in fiscal 2011 and 8 % in fiscal 2010. our other segment , consisting of franchise sales , wholesale accounts , sales from company-operated showrooms , warehouse sales and outlets , each accounted for less than 10 % of our net revenue in each of fiscal 2012 , fiscal 2011 and fiscal 2010. we previously reported our franchise channel as an operating segment ; however , we reacquired our remaining four franchised stores in fiscal 2011 and opening new franchise stores is not part of our growth strategy . 23 as of february 3 , 2013 , we sold our products through 211 corporate-owned stores located in , the united states , canada , australia , and new zealand . we plan to increase our net revenue in north america and australia by opening additional corporate-owned stores in new and existing markets . story_separator_special_tag income from operations before general corporate expenses for fiscal 2012 and fiscal 2011 are expressed in dollar amounts as well as percentages , presented as a percentage of net revenue of their respective operating segments below . replace_table_token_10_th 29 corporate-owned stores . income from operations from our corporate-owned stores segment increased $ 81.9 million , or 27 % , to $ 379.7 million for fiscal 2012 from $ 297.8 million for fiscal 2011 primarily due to an increase of $ 137.1 million in gross profit , which was offset partially by a natural increase in selling , general and administrative expenses related to employee costs as well as operating expenses associated with new stores and net revenue growth at existing stores . income from operations as a percentage of corporate-owned stores revenue decreased by 170 basis points primarily from a decrease in gross margin related to increased product costs . direct to consumer . income from operations from our direct to consumer segment increased $ 38.8 million , or 88 % , to $ 82.9 million in fiscal 2012 from $ 44.2 million in fiscal 2011 due to increased sales through our e-commerce website and the addition of regional websites , with gross profit increasing $ 56.2 over fiscal 2011. income from operations as a percentage of direct to consumer revenue increased by 50 basis points in fiscal 2012 compared to fiscal 2011 due to leverage on fixed costs . other . income from operations from our other segment decreased $ 3.7 million , or 18 % , to $ 17.4 million in fiscal 2012 from $ 21.1 million in fiscal 2011. the decrease was primarily the result of our reacquisition of our four remaining franchise stores during fiscal 2011 , as revenue from these stores is now included in our corporate-owned stores segment . we continue to employ our other segment strategy to increase interest in our product in markets we have not otherwise entered with corporate-owned stores . general corporate expense . general corporate expenses increased $ 27.4 million , or 36 % , to $ 103.5 million in fiscal 2012 from $ 76.1 million in fiscal 2011. this increase was primarily due to an increase in expenses related to our head office growth of $ 19.4 million , which was largely related to the growth of our information technology department for systems implementations and infrastructure investments , our human resources department as a result of the overall growth of our business , and increased professional fees related to investment in strategic initiatives and projects . general corporate expenses also increased as a result of increased stock-based compensation expense of $ 4.7 million and increased depreciation and amortization expense of $ 3.3 million . general corporate expenses are expected to continue to increase in future years as we grow our overall business and require increased efforts at our head office to support our corporate-owned stores , direct to consumer and other segments . other income ( expense ) , net other income ( expense ) , net increased $ 2.5 million , to $ 5.0 million in fiscal 2012 from $ 2.5 million in fiscal 2011. the increase was primarily a result of increased interest income earned in fiscal 2012 compared to fiscal 2011 on our increased cash balances . provision for income taxes provision for income taxes increased $ 5.5 million , or 5 % , to $ 110.0 million in fiscal 2012 from $ 104.5 million in fiscal 2011. in fiscal 2012 , our effective tax rate was 28.8 % compared to 36.1 % in fiscal 2011. the lower effective tax rate was due to the ongoing impact of revised intercompany pricing agreements . we have not recorded deferred taxes on undistributed earnings and other temporary differences of our canadian subsidiary which are considered to be indefinitely reinvested . if management 's intentions with respect to these undistributed earnings and other temporary differences were to change in the future , deferred taxes may need to be provided that could materially impact our financial results . net income net income increased $ 86.5 million , or 47 % , to $ 270.6 million in fiscal 2012 from $ 184.1 million in fiscal 2011. the increase in net income in fiscal 2012 was primarily due to a $ 193.5 million increase in gross profit resulting from sales growth at existing and additional corporate-owned stores opened during fiscal 2012 and 30 increasing traffic on our e-commerce website and the addition of regional websites and a $ 2.5 million increase in other income ( expense ) , net , offset by an increase of $ 104.0 million in selling , general and administrative expenses , and an increase of $ 5.5 million in provision for income taxes . comparison of fiscal 2011 to fiscal 2010 net revenue net revenue increased $ 289.1 million , or 41 % , to $ 1,000.8 million in fiscal 2011 from $ 711.7 million in fiscal 2010. assuming the average exchange rate between the canadian and united states dollars and the australian and united states dollars in fiscal 2010 remained constant , our net revenue would have increased $ 274.7 million , or 39 % , in fiscal 2011. the net revenue increase was driven by increased sales at locations in our comparable stores base , sales from new stores opened , sales from franchised stores that were reacquired during fiscal 2011 and the growth of our direct to consumer segment . the constant dollar increase in comparable store sales was driven primarily by the strength of our existing product lines , successful introduction of new products and increasing recognition of the lululemon athletica brand name , especially at our u.s. stores . our net revenue on a segment basis for fiscal 2011 and fiscal 2010 are expressed in dollar amounts as well as relevant percentages , presented as a percentage of total net revenue below . replace_table_token_11_th corporate-owned stores . net revenue from our

liquidity and capital resources our primary sources of liquidity are our current balances of cash and cash equivalents , cash flows from operations and borrowings available under our revolving credit facility . our primary cash needs are capital expenditures for opening new stores and remodeling existing stores , making information technology system enhancements and funding working capital requirements . cash and cash equivalents in excess of our needs are held in interest bearing accounts with financial institutions . as of february 3 , 2013 , our working capital ( excluding cash and cash equivalents ) was $ 63.5 million and our cash and cash equivalents were $ 590.2 million . the following table summarizes our net cash flows provided by and used in operating , investing and financing activities for the periods indicated : replace_table_token_13_th operating activities operating activities consist primarily of net income adjusted for certain non-cash items , including depreciation and amortization , deferred income taxes , realized gains and losses on disposal of property and equipment , stock-based compensation expense and the effect of the changes in non-cash working capital items , principally accounts receivable , inventories , accounts payable and accrued expenses . in fiscal 2012 , cash provided by operating activities increased $ 76.5 million , to $ 280.1 million compared to cash provided by operating activities of $ 203.6 million in fiscal 2011. the increase was primarily a result of increased net income , an increase in items not affecting cash , and an increase in income taxes payable , offset by decreased accounts payable . the net increase in items not affecting cash was primarily due to an increase in depreciation and amortization related to our increased store base , and an increase in stock-based compensation . depreciation and amortization relate almost entirely to leasehold improvements , furniture and fixtures , computer hardware and software , equipment and vehicles in our stores and other corporate buildings .


 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 our primary sources of liquidity are our current balances of cash and cash equivalents , cash flows from operations and borrowings available under our revolving credit facility . our primary cash needs are capital expenditures for opening new stores and remodeling existing stores , making information technology system enhancements and funding working capital requirements . cash and cash equivalents in excess of our needs are held in interest bearing accounts with financial institutions . as of february 3 , 2013 , our working capital ( excluding cash and cash equivalents ) was $ 63.5 million and our cash and cash equivalents were $ 590.2 million . the following table summarizes our net cash flows provided by and used in operating , investing and financing activities for the periods indicated : replace_table_token_13_th operating activities operating activities consist primarily of net income adjusted for certain non-cash items , including depreciation and amortization , deferred income taxes , realized gains and losses on disposal of property and equipment , stock-based compensation expense and the effect of the changes in non-cash working capital items , principally accounts receivable , inventories , accounts payable and accrued expenses . in fiscal 2012 , cash provided by operating activities increased $ 76.5 million , to $ 280.1 million compared to cash provided by operating activities of $ 203.6 million in fiscal 2011. the increase was primarily a result of increased net income , an increase in items not affecting cash , and an increase in income taxes payable , offset by decreased accounts payable . the net increase in items not affecting cash was primarily due to an increase in depreciation and amortization related to our increased store base , and an increase in stock-based compensation . depreciation and amortization relate almost entirely to leasehold improvements , furniture and fixtures , computer hardware and software , equipment and vehicles in our stores and other corporate buildings .
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 Suspicious Activity Report : as we became aware of this issue , we pulled what we believe to be all of the affected items from our stores , showrooms 22 and e-commerce sites and began working with our supplier to replace the fabric and with our other manufacturers to replace these items as quickly as possible . the lost revenue , additional costs expected to be incurred and the write down of affected product on hand from this issue will negatively impact our results from operations in fiscal 2013. we believe that our brand is recognized as premium in our offerings of run and yoga assortment , as well as a leader in technical fabrics and functionality . this has made our product desirable to our consumers and has driven demand , which we are able to meet given our increased product depth compared to last year . delivering quality to our customers is a critical factor in our market place differentiation and removing items that do not meet our standards is key to maintaining our brand reputation . in fiscal 2013 , we plan on investing in new and legacy information technology systems to develop new capabilities in our vertical retail strategy . we have recently added strong leadership in quality control , our liason office and our commercialization and development teams , and expect these people and other investments to solidify our quality consistency and our delivery capabilities . we believe our strong cash flow generation , solid balance sheet and healthy liquidity provide us with the financial flexibility to continue executing the initiatives which we believe will lead to quality growth . operating segment overview lululemon is a designer and retailer of technical athletic apparel operating primarily in north america and australia . our yoga-inspired apparel is marketed under the lululemon athletica and ivivva athletica brand names . we offer a comprehensive line of apparel and accessories including fitness pants , shorts , tops and jackets designed for athletic pursuits such as yoga , running and general fitness , and dance-inspired apparel for female youth . as of february 3 , 2013 , our branded apparel was principally sold through 211 corporate-owned stores that are located in the united states , canada , australia and new zealand and via our e-commerce websites through our direct to consumer sales channel . we believe our vertical retail strategy allows us to interact more directly with and gain insights from our customers while providing us with greater control of our brand . in fiscal 2012 , 61 % of our net revenue was derived from sales of our products in the united states , 34 % of our net revenue was derived from the sales of our products in canada and 5 % of our net revenue was derived from sales of our products outside of north america . in fiscal 2011 , 53 % of our net revenue was derived from sales of our products in the united states , 43 % of our net revenue was derived from the sales of our products in canada and 4 % of our net revenue was derived from sales of our products outside of north america . in fiscal 2010 , 46 % of our net revenue was derived from sales of our products in the united states , 52 % of our net revenue was derived from the sales of our products in canada and 2 % of our net revenue was derived from sales of our products outside of north america . our net revenue increased from $ 1,000.8 million in fiscal 2011 to $ 1,370.4 million in fiscal 2012 , representing a 37 % increase . our increase in net revenue from fiscal 2011 to fiscal 2012 resulted from the addition of 37 retail locations , and comparable store sales growth of 16 % in fiscal 2012 , excluding the impact of the 53rd week . our ability to open new stores and grow sales in existing stores has been driven by increasing demand for our technical athletic apparel and a growing recognition of the lululemon athletica brand . we believe our superior products , strategic store locations , inviting store environment , grassroots marketing approach and distinctive corporate culture are responsible for our strong financial performance . we have three reportable segments : corporate-owned stores , direct to consumer and other . we report our segments based on the financial information we use in managing our businesses . while we receive financial information for each corporate-owned store , we have aggregated all of the corporate-owned stores into one reportable segment due to the similarities in the economic and other characteristics of these stores . our corporate-owned stores segment accounted for 80 % of our net revenue in fiscal 2012 , 82 % in fiscal 2011 and 83 % in fiscal 2010. our direct to consumer segment accounted for 14 % of our net revenue in fiscal 2012 , 11 % in fiscal 2011 and 8 % in fiscal 2010. our other segment , consisting of franchise sales , wholesale accounts , sales from company-operated showrooms , warehouse sales and outlets , each accounted for less than 10 % of our net revenue in each of fiscal 2012 , fiscal 2011 and fiscal 2010. we previously reported our franchise channel as an operating segment ; however , we reacquired our remaining four franchised stores in fiscal 2011 and opening new franchise stores is not part of our growth strategy . 23 as of february 3 , 2013 , we sold our products through 211 corporate-owned stores located in , the united states , canada , australia , and new zealand . we plan to increase our net revenue in north america and australia by opening additional corporate-owned stores in new and existing markets . story_separator_special_tag income from operations before general corporate expenses for fiscal 2012 and fiscal 2011 are expressed in dollar amounts as well as percentages , presented as a percentage of net revenue of their respective operating segments below . replace_table_token_10_th 29 corporate-owned stores . income from operations from our corporate-owned stores segment increased $ 81.9 million , or 27 % , to $ 379.7 million for fiscal 2012 from $ 297.8 million for fiscal 2011 primarily due to an increase of $ 137.1 million in gross profit , which was offset partially by a natural increase in selling , general and administrative expenses related to employee costs as well as operating expenses associated with new stores and net revenue growth at existing stores . income from operations as a percentage of corporate-owned stores revenue decreased by 170 basis points primarily from a decrease in gross margin related to increased product costs . direct to consumer . income from operations from our direct to consumer segment increased $ 38.8 million , or 88 % , to $ 82.9 million in fiscal 2012 from $ 44.2 million in fiscal 2011 due to increased sales through our e-commerce website and the addition of regional websites , with gross profit increasing $ 56.2 over fiscal 2011. income from operations as a percentage of direct to consumer revenue increased by 50 basis points in fiscal 2012 compared to fiscal 2011 due to leverage on fixed costs . other . income from operations from our other segment decreased $ 3.7 million , or 18 % , to $ 17.4 million in fiscal 2012 from $ 21.1 million in fiscal 2011. the decrease was primarily the result of our reacquisition of our four remaining franchise stores during fiscal 2011 , as revenue from these stores is now included in our corporate-owned stores segment . we continue to employ our other segment strategy to increase interest in our product in markets we have not otherwise entered with corporate-owned stores . general corporate expense . general corporate expenses increased $ 27.4 million , or 36 % , to $ 103.5 million in fiscal 2012 from $ 76.1 million in fiscal 2011. this increase was primarily due to an increase in expenses related to our head office growth of $ 19.4 million , which was largely related to the growth of our information technology department for systems implementations and infrastructure investments , our human resources department as a result of the overall growth of our business , and increased professional fees related to investment in strategic initiatives and projects . general corporate expenses also increased as a result of increased stock-based compensation expense of $ 4.7 million and increased depreciation and amortization expense of $ 3.3 million . general corporate expenses are expected to continue to increase in future years as we grow our overall business and require increased efforts at our head office to support our corporate-owned stores , direct to consumer and other segments . other income ( expense ) , net other income ( expense ) , net increased $ 2.5 million , to $ 5.0 million in fiscal 2012 from $ 2.5 million in fiscal 2011. the increase was primarily a result of increased interest income earned in fiscal 2012 compared to fiscal 2011 on our increased cash balances . provision for income taxes provision for income taxes increased $ 5.5 million , or 5 % , to $ 110.0 million in fiscal 2012 from $ 104.5 million in fiscal 2011. in fiscal 2012 , our effective tax rate was 28.8 % compared to 36.1 % in fiscal 2011. the lower effective tax rate was due to the ongoing impact of revised intercompany pricing agreements . we have not recorded deferred taxes on undistributed earnings and other temporary differences of our canadian subsidiary which are considered to be indefinitely reinvested . if management 's intentions with respect to these undistributed earnings and other temporary differences were to change in the future , deferred taxes may need to be provided that could materially impact our financial results . net income net income increased $ 86.5 million , or 47 % , to $ 270.6 million in fiscal 2012 from $ 184.1 million in fiscal 2011. the increase in net income in fiscal 2012 was primarily due to a $ 193.5 million increase in gross profit resulting from sales growth at existing and additional corporate-owned stores opened during fiscal 2012 and 30 increasing traffic on our e-commerce website and the addition of regional websites and a $ 2.5 million increase in other income ( expense ) , net , offset by an increase of $ 104.0 million in selling , general and administrative expenses , and an increase of $ 5.5 million in provision for income taxes . comparison of fiscal 2011 to fiscal 2010 net revenue net revenue increased $ 289.1 million , or 41 % , to $ 1,000.8 million in fiscal 2011 from $ 711.7 million in fiscal 2010. assuming the average exchange rate between the canadian and united states dollars and the australian and united states dollars in fiscal 2010 remained constant , our net revenue would have increased $ 274.7 million , or 39 % , in fiscal 2011. the net revenue increase was driven by increased sales at locations in our comparable stores base , sales from new stores opened , sales from franchised stores that were reacquired during fiscal 2011 and the growth of our direct to consumer segment . the constant dollar increase in comparable store sales was driven primarily by the strength of our existing product lines , successful introduction of new products and increasing recognition of the lululemon athletica brand name , especially at our u.s. stores . our net revenue on a segment basis for fiscal 2011 and fiscal 2010 are expressed in dollar amounts as well as relevant percentages , presented as a percentage of total net revenue below . replace_table_token_11_th corporate-owned stores . net revenue from our

