the 2009 foreign currency loss includes a realized gain of $ 21.5 million due to the strengthening of the euro between the date we purchased shares in tele atlas n.v. in october 2007 and the tender of shares in february , march , and june 2009. to date , we have not entered into hedging transactions related to any currency , and we do not currently plan to utilize hedging transactions in the future . critical accounting policies and estimates general garmin 's discussion and analysis of its financial condition and results of operations are based upon garmin 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . the presentation of these financial statements requires garmin to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . on an on-going basis , garmin evaluates its estimates , including those related to customer sales programs and incentives , product returns , bad debts , inventories , investments , intangible assets , income taxes , warranty obligations , and contingencies and litigation . garmin bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . revenue recognition garmin recognizes revenue when persuasive evidence of an arrangement exists , delivery has occurred , the sales price is fixed or determinable , and collection is probable . for the large majority of garmin 's sales , these criteria are met once product has shipped and title and risk of loss have transferred to the customer . the company recognizes revenue from the sale of hardware products and software bundled with hardware that is essential to the functionality of the hardware in accordance with general revenue recognition accounting guidance . the company recognizes revenue in accordance with industry specific software accounting guidance for standalone sales of software products and sales of software bundled with hardware not essential to the functionality of the hardware . the company generally does not offer specified or unspecified upgrade rights to its customers in connection with software sales . 45 garmin introduced nümaps lifetime in january 2009 , which is a single fee program that , subject to the program 's terms and conditions , enables customers to download the latest map and point of interest information every quarter for the useful life of their pnd . the revenue and associated cost of royalties for sales of nümaps lifetime products are deferred at the time of sale and recognized ratably on a straight-line basis over the estimated 36-month life of the products . with the acquisition of navigon ag in 2011 , products marketed under the navigon brand have a freshmaps program that enables customers to download the latest map and point of interest information for two years . the revenue and associated cost of royalties for sales of freshmaps products are deferred at the time of sale and recognized ratably on a straight-line basis over the two year period . for multiple-element arrangements that include tangible products that contain software essential to the tangible product 's functionality and undelivered software elements that relate to the tangible product 's essential software , the company allocates revenue to all deliverables based on their relative selling prices . in such circumstances , the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables as follows : ( i ) vendor-specific objective evidence of fair value ( “ vsoe ” ) , ( ii ) third-party evidence of selling price ( “ tpe ” ) , and ( iii ) best estimate of the selling price ( “ esp ” ) . vsoe generally exists only when the company sells the deliverable separately , on more than a limited basis , at prices within a relatively narrow range . in addition to the products listed below , the company has offered certain other products that involve multiple-element arrangements that are immaterial . in 2010 , garmin began offering pnds with lifetime map updates ( lmus ) bundled in the original purchase price . similar to nümaps lifetime , lmus enable customers to download the latest map and point of interest information every quarter for the useful life of their pnd . in addition , garmin offers pnds with premium traffic service bundled in the original purchase price in the european market . the company has identified two deliverables contained in arrangements involving the sale of pnds which include either the lmu or premium traffic service . the first deliverable is the hardware along with the software essential to the functionality of the hardware device delivered at the time of sale . the second deliverable is either the lmu or premium traffic service . the company has allocated revenue between these two deliverables using the relative selling price method . amounts allocated to the delivered hardware and the related essential software are recognized at the time of sale provided the other conditions for revenue recognition have been met . the revenue and associated cost of royalties allocated to the lmu or the subscription for premium traffic service are deferred and recognized on a straight-line basis over the estimated 36-month life of the products . story_separator_special_tag customers our top ten customers have contributed between 29 % and 36 % of net sales since 2009. we have experienced average sales days in our customer accounts receivable of between 71 and 78 days since 2009. we experienced an increase in the level of customer accounts receivable days in 2010 due to changes in product mix , longer payment terms , and macroeconomic conditions but this was reduced in 2011. we expect the level of customer accounts receivable days to be relatively stable in 2012 . 50 income taxes we have experienced a relatively low effective corporate tax rate due to the proportion of our revenue generated by entities in tax jurisdictions with low statutory rates . in particular , the profit entitlement afforded our swiss-based companies based on their intellectual property rights ownership of our consumer products along with substantial tax incentives offered by the taiwanese government on certain high-technology capital investments have continued to reduce our tax rate . as a result , our consolidated effective tax rate was approximately 10.8 % during 2011. this is a decrease from an effective rate of 15.8 % , excluding certain one-time tax benefits , in 2010. the decrease in 2011 resulted primarily from the release of reserves related to the expiration of certain statutes for the company 's united kingdom subsidiary , garmin ( europe ) ltd. , a reduction in the statutory tax rate in taiwan from 25 % to 17 % , and improved operating profitability in lower tax jurisdictions . we have taken advantage of the tax benefit in taiwan since our inception and we expect to continue to benefit from lower effective tax rates at least through 2015. management believes that due to slightly lower operating margins predicted for fiscal 2012 , there may be less revenue recognized by entities in lower tax rate jurisdictions . therefore , the effective tax rate for fiscal 2012 is expected to be higher than fiscal 2011. the actual effective tax rate will be dependent upon the operating margins , production volume , additional capital investments made during fiscal 2012 , the resolution of uncertain tax positions and the composition of our earnings . results of operations the following table sets forth our results of operations as a percentage of net sales during the periods shown ( the table may not foot due to rounding ) : replace_table_token_4_th the following table sets forth our results of operations through income before income taxes for each of our five segments during the period shown . for each line item in the table the total of the segments ' amounts equals the amount in the consolidated statements of income data included in item 6 . 51 replace_table_token_5_th replace_table_token_6_th replace_table_token_7_th 52 comparison of 53-weeks ended december 31 , 2011 and 52-weeks ended december 25 , 2010 net sales replace_table_token_8_th net sales increased 3 % in 2011 when compared to the year-ago period . the increase occurred in all segments excluding automotive/mobile . the fitness segment experienced the greatest increase at 24 % with outdoor contributing 14 % growth . automotive/mobile revenue remains the largest portion of our revenue mix , but declined from 62 % in 2010 to 58 % in 2011. total unit sales decreased 1 % to 15.8 million units in 2011 from 16.0 million units in 2010. the declining unit sales volume in 2011 was attributable to a decline in automotive/mobile units as the north american pnd market slowed due to penetration rates and competing technologies partially offset by increasing volumes in the outdoor , fitness , and marine segments . automotive/mobile segment revenue declined 5 % in 2011 , as the average selling price ( asp ) was flat and volumes declined 5 % . asp was stable due to the substantial increase in our bundled product offerings , which include lifetime map updates and premium traffic services , as a percentage of total units sold , offset by a decrease in the asp of comparable models from the previous year . the increase in product mix toward bundled offerings required us to defer $ 179.3 million of net sales in 2011 compared to $ 131.3 million of net sales in 2010. this year-over-year impact did lessen in the back half of 2011 due to a change in accounting estimate . as bundled products increased significantly as a percentage of total product sales in 2011 , including the impact of new product introductions , market conditions also caused decreases in the asp and margins of comparable models year over year . in addition , the difference in pricing of such bundled units and comparable unbundled models decreased considerably since 2010. due to the impact of these and other factors , the company changed its estimate of the per unit revenue and cost deferrals during the third quarter of 2011. the impact of the change in estimate was an increase in net sales of $ 77.8 million in 2011. fitness segment revenue increased 24 % on the strength of recent product introductions and ongoing global penetration . outdoor revenue increased 14 % driven by new product introductions and market share gains in the gps-enabled golf category . marine revenues increased 12 % due to shipments to new oem partners and market share gains . aviation revenues increased 9 % as the company 's retrofit business began to recover on the strength of new panel mount avionics products . the company anticipates revenue of $ 2.7 - $ 2.8 billion in 2012 driven by growth in the outdoor , fitness , aviation and marine segments offset by ongoing declines in the automotive/mobile segment . in general , management believes that continuous innovation and the introduction of new products are essential for future revenue growth . 53 cost of goods sold replace_table_token_9_th cost of goods sold increased 6 % in 2011 when compared to the year-ago period . cost of goods sold in 2010 was positively impacted by 160 basis points due

liquidity and capital resources net cash generated by operations was $ 822.3 million , $ 770.6 million , and $ 1,094.5 million for fiscal years 2011 , 2010 , and 2009 , respectively . primary drivers of the cash generation in 2011 included : $ 520.9 million of net income with non-cash adjustments for depreciation/amortization of $ 94.5 million and stock compensation expense of $ 40.2 million ; $ 169.5 million related to decreased accounts receivable due to increased cash collections resulting from the 53-week year in 2011 and improved payment terms with customers ; and $ 179.4 million of deferred revenue as required by our revenue recognition policies . this cash generation was partially offset by uses of cash including a $ 61.1 million reduction in other current and noncurrent liabilities related primarily to a decrease in accrued sales program costs due to the impact of reduced channel inventory , $ 51.4 million increase in other current assets related primarily to a receivable due from the swiss federal tax authority that has subsequently been received , and $ 36.1 million of net deferred costs associated with bundled products . the increase in cash flow from operations over 2010 levels was due to improved working capital gains in accounts payable , inventories and accounts receivable offset by reduced working capital from other current assets and reduced net income . we expect to generate cash flow from operations in 2012 with ongoing net income , as well as working capital . cash flow used in investing activities was $ 488.2 million , $ 72.9 million , and $ 547.9 million for fiscal 2011 , 2010 and 2009 , respectively .


 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 net cash generated by operations was $ 822.3 million , $ 770.6 million , and $ 1,094.5 million for fiscal years 2011 , 2010 , and 2009 , respectively . primary drivers of the cash generation in 2011 included : $ 520.9 million of net income with non-cash adjustments for depreciation/amortization of $ 94.5 million and stock compensation expense of $ 40.2 million ; $ 169.5 million related to decreased accounts receivable due to increased cash collections resulting from the 53-week year in 2011 and improved payment terms with customers ; and $ 179.4 million of deferred revenue as required by our revenue recognition policies . this cash generation was partially offset by uses of cash including a $ 61.1 million reduction in other current and noncurrent liabilities related primarily to a decrease in accrued sales program costs due to the impact of reduced channel inventory , $ 51.4 million increase in other current assets related primarily to a receivable due from the swiss federal tax authority that has subsequently been received , and $ 36.1 million of net deferred costs associated with bundled products . the increase in cash flow from operations over 2010 levels was due to improved working capital gains in accounts payable , inventories and accounts receivable offset by reduced working capital from other current assets and reduced net income . we expect to generate cash flow from operations in 2012 with ongoing net income , as well as working capital . cash flow used in investing activities was $ 488.2 million , $ 72.9 million , and $ 547.9 million for fiscal 2011 , 2010 and 2009 , respectively .
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 Suspicious Activity Report : the 2009 foreign currency loss includes a realized gain of $ 21.5 million due to the strengthening of the euro between the date we purchased shares in tele atlas n.v. in october 2007 and the tender of shares in february , march , and june 2009. to date , we have not entered into hedging transactions related to any currency , and we do not currently plan to utilize hedging transactions in the future . critical accounting policies and estimates general garmin 's discussion and analysis of its financial condition and results of operations are based upon garmin 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . the presentation of these financial statements requires garmin to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . on an on-going basis , garmin evaluates its estimates , including those related to customer sales programs and incentives , product returns , bad debts , inventories , investments , intangible assets , income taxes , warranty obligations , and contingencies and litigation . garmin bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . revenue recognition garmin recognizes revenue when persuasive evidence of an arrangement exists , delivery has occurred , the sales price is fixed or determinable , and collection is probable . for the large majority of garmin 's sales , these criteria are met once product has shipped and title and risk of loss have transferred to the customer . the company recognizes revenue from the sale of hardware products and software bundled with hardware that is essential to the functionality of the hardware in accordance with general revenue recognition accounting guidance . the company recognizes revenue in accordance with industry specific software accounting guidance for standalone sales of software products and sales of software bundled with hardware not essential to the functionality of the hardware . the company generally does not offer specified or unspecified upgrade rights to its customers in connection with software sales . 45 garmin introduced nümaps lifetime in january 2009 , which is a single fee program that , subject to the program 's terms and conditions , enables customers to download the latest map and point of interest information every quarter for the useful life of their pnd . the revenue and associated cost of royalties for sales of nümaps lifetime products are deferred at the time of sale and recognized ratably on a straight-line basis over the estimated 36-month life of the products . with the acquisition of navigon ag in 2011 , products marketed under the navigon brand have a freshmaps program that enables customers to download the latest map and point of interest information for two years . the revenue and associated cost of royalties for sales of freshmaps products are deferred at the time of sale and recognized ratably on a straight-line basis over the two year period . for multiple-element arrangements that include tangible products that contain software essential to the tangible product 's functionality and undelivered software elements that relate to the tangible product 's essential software , the company allocates revenue to all deliverables based on their relative selling prices . in such circumstances , the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables as follows : ( i ) vendor-specific objective evidence of fair value ( “ vsoe ” ) , ( ii ) third-party evidence of selling price ( “ tpe ” ) , and ( iii ) best estimate of the selling price ( “ esp ” ) . vsoe generally exists only when the company sells the deliverable separately , on more than a limited basis , at prices within a relatively narrow range . in addition to the products listed below , the company has offered certain other products that involve multiple-element arrangements that are immaterial . in 2010 , garmin began offering pnds with lifetime map updates ( lmus ) bundled in the original purchase price . similar to nümaps lifetime , lmus enable customers to download the latest map and point of interest information every quarter for the useful life of their pnd . in addition , garmin offers pnds with premium traffic service bundled in the original purchase price in the european market . the company has identified two deliverables contained in arrangements involving the sale of pnds which include either the lmu or premium traffic service . the first deliverable is the hardware along with the software essential to the functionality of the hardware device delivered at the time of sale . the second deliverable is either the lmu or premium traffic service . the company has allocated revenue between these two deliverables using the relative selling price method . amounts allocated to the delivered hardware and the related essential software are recognized at the time of sale provided the other conditions for revenue recognition have been met . the revenue and associated cost of royalties allocated to the lmu or the subscription for premium traffic service are deferred and recognized on a straight-line basis over the estimated 36-month life of the products . story_separator_special_tag customers our top ten customers have contributed between 29 % and 36 % of net sales since 2009. we have experienced average sales days in our customer accounts receivable of between 71 and 78 days since 2009. we experienced an increase in the level of customer accounts receivable days in 2010 due to changes in product mix , longer payment terms , and macroeconomic conditions but this was reduced in 2011. we expect the level of customer accounts receivable days to be relatively stable in 2012 . 50 income taxes we have experienced a relatively low effective corporate tax rate due to the proportion of our revenue generated by entities in tax jurisdictions with low statutory rates . in particular , the profit entitlement afforded our swiss-based companies based on their intellectual property rights ownership of our consumer products along with substantial tax incentives offered by the taiwanese government on certain high-technology capital investments have continued to reduce our tax rate . as a result , our consolidated effective tax rate was approximately 10.8 % during 2011. this is a decrease from an effective rate of 15.8 % , excluding certain one-time tax benefits , in 2010. the decrease in 2011 resulted primarily from the release of reserves related to the expiration of certain statutes for the company 's united kingdom subsidiary , garmin ( europe ) ltd. , a reduction in the statutory tax rate in taiwan from 25 % to 17 % , and improved operating profitability in lower tax jurisdictions . we have taken advantage of the tax benefit in taiwan since our inception and we expect to continue to benefit from lower effective tax rates at least through 2015. management believes that due to slightly lower operating margins predicted for fiscal 2012 , there may be less revenue recognized by entities in lower tax rate jurisdictions . therefore , the effective tax rate for fiscal 2012 is expected to be higher than fiscal 2011. the actual effective tax rate will be dependent upon the operating margins , production volume , additional capital investments made during fiscal 2012 , the resolution of uncertain tax positions and the composition of our earnings . results of operations the following table sets forth our results of operations as a percentage of net sales during the periods shown ( the table may not foot due to rounding ) : replace_table_token_4_th the following table sets forth our results of operations through income before income taxes for each of our five segments during the period shown . for each line item in the table the total of the segments ' amounts equals the amount in the consolidated statements of income data included in item 6 . 51 replace_table_token_5_th replace_table_token_6_th replace_table_token_7_th 52 comparison of 53-weeks ended december 31 , 2011 and 52-weeks ended december 25 , 2010 net sales replace_table_token_8_th net sales increased 3 % in 2011 when compared to the year-ago period . the increase occurred in all segments excluding automotive/mobile . the fitness segment experienced the greatest increase at 24 % with outdoor contributing 14 % growth . automotive/mobile revenue remains the largest portion of our revenue mix , but declined from 62 % in 2010 to 58 % in 2011. total unit sales decreased 1 % to 15.8 million units in 2011 from 16.0 million units in 2010. the declining unit sales volume in 2011 was attributable to a decline in automotive/mobile units as the north american pnd market slowed due to penetration rates and competing technologies partially offset by increasing volumes in the outdoor , fitness , and marine segments . automotive/mobile segment revenue declined 5 % in 2011 , as the average selling price ( asp ) was flat and volumes declined 5 % . asp was stable due to the substantial increase in our bundled product offerings , which include lifetime map updates and premium traffic services , as a percentage of total units sold , offset by a decrease in the asp of comparable models from the previous year . the increase in product mix toward bundled offerings required us to defer $ 179.3 million of net sales in 2011 compared to $ 131.3 million of net sales in 2010. this year-over-year impact did lessen in the back half of 2011 due to a change in accounting estimate . as bundled products increased significantly as a percentage of total product sales in 2011 , including the impact of new product introductions , market conditions also caused decreases in the asp and margins of comparable models year over year . in addition , the difference in pricing of such bundled units and comparable unbundled models decreased considerably since 2010. due to the impact of these and other factors , the company changed its estimate of the per unit revenue and cost deferrals during the third quarter of 2011. the impact of the change in estimate was an increase in net sales of $ 77.8 million in 2011. fitness segment revenue increased 24 % on the strength of recent product introductions and ongoing global penetration . outdoor revenue increased 14 % driven by new product introductions and market share gains in the gps-enabled golf category . marine revenues increased 12 % due to shipments to new oem partners and market share gains . aviation revenues increased 9 % as the company 's retrofit business began to recover on the strength of new panel mount avionics products . the company anticipates revenue of $ 2.7 - $ 2.8 billion in 2012 driven by growth in the outdoor , fitness , aviation and marine segments offset by ongoing declines in the automotive/mobile segment . in general , management believes that continuous innovation and the introduction of new products are essential for future revenue growth . 53 cost of goods sold replace_table_token_9_th cost of goods sold increased 6 % in 2011 when compared to the year-ago period . cost of goods sold in 2010 was positively impacted by 160 basis points due

