if the u.s. dollar strengthens relative to the respective fiscal 2019 foreign exchange rates , foreign exchange could negatively impact our revenues and operating results as well as our international cash and other balance sheet items during fiscal 2020 , particularly in canada , europe ( primarily the euro , turkish lira and russian ruble ) and mexico . alternatively , if the u.s. dollar weakens relative to the respective fiscal 2019 foreign exchange rates , our revenues and operating results , as well as our other cash balance sheet items , could be positively impacted by foreign currency fluctuations during fiscal 2020 , particularly in these regions . the company enters into derivative financial instruments to offset some but not all of the exchange risk on foreign currency transactions . for additional discussion regarding our exposure to foreign currency risk , forward contracts designated as hedging instruments and forward contracts not designated as hedging instruments , refer to “ part ii , item 7a . quantitative and qualitative disclosures about market risk . ” recent developments on february 20 , 2019 , carlos alberini began his service as the company 's new chief executive officer and member of the board , replacing victor herrero , who separated from the company on february 2 , 2019. mr. alberini previously served as president and chief operating officer of the company from 2000 to 2010. from 2010 until 2014 , mr. alberini was co-ceo of restoration hardware and at present , remains a director on the board of restoration hardware . from 2014 until february 2019 , mr. alberini served as the chairman and ceo of lucky brand . although mr. alberini is currently in the process of developing a strategic vision and implementation plan for execution with our leadership team , he has already identified several key principles he plans to deploy to drive value creation . those key principles include : ( i ) capital allocation ; ( ii ) product development and distribution optimization ; ( iii ) global strategies ; ( iv ) cost and structure optimization ; and ( v ) a concept called customer centricity ; each as further described below : capital allocation . we plan to continue to prioritize capital allocation toward investments that support growth and infrastructure , while remaining highly disciplined in the way we allocate capital across projects , including new store development , store remodels , technology investments and others . when we prioritize investments , we will 27 focus on their strategic significance and their return on invested capital expectations . we also plan to manage product buys and inventory ownership rigorously and optimize overall working capital management consistently . the company 's investments in capital for the full fiscal year 2020 are planned between $ 55 million and $ 65 million . the planned investments in capital are related primarily to retail and e-commerce expansion in europe and asia , as well as continued investments in technology to support our long-term growth plans . product development and distribution optimization . the company has a highly diversified customer base that offers opportunities for an expanded distribution of certain product categories , which may be matured in certain markets and underdeveloped in others . for example , denim has always been at the core of the guess ? business . today , our denim penetration is much lower than our historic levels and we plan to increase the penetration with a great product assortment , strong store presentation and effective marketing . we will explore other product opportunities as well . global strategies . we plan to leverage and support our global business more effectively , including areas such as sourcing and product development , data capture and analysis regarding product performance and customer history and behavior , and information technology and innovation . cost and structure optimization . we believe there are several areas that present opportunities for cost savings in our company and that we can structure our organization more effectively to improve accountability , collaboration and efficiency . customer centricity . we plan to place the customer at the center of everything we do , including striving to perfect the omni-channel experience . comparable store sales the company reports national retail federation calendar comparable store sales on a quarterly basis for our retail businesses which include the combined results from our brick-and-mortar retail stores and our e-commerce sites . we also separately report the impact of e-commerce sales on our comparable store sales metric . as a result of our omni-channel strategy , our e-commerce business has become strongly intertwined with our brick-and-mortar retail store business . therefore , we believe that the inclusion of e-commerce sales in our comparable store sales metric provides a more meaningful representation of our retail results . sales from our brick-and-mortar retail stores include purchases that are initiated , paid for and fulfilled at our retail stores and directly operated concessions as well as merchandise that is reserved online but paid for and picked-up at our retail stores . sales from our e-commerce sites include purchases that are initiated and paid for online and shipped from either our distribution centers or our retail stores as well as purchases that are initiated in a retail store , but due to inventory availability at the retail store , are ordered and paid for online and shipped from our distribution centers or picked-up from a different retail store . store sales are considered comparable after the store has been open for 13 full months . if a store remodel results in a square footage change of more than 15 % , or involves a relocation or a change in store concept , the store sales are removed from the comparable store base until the store has been opened at its new size , in its new location or under its new concept for 13 full months . story_separator_special_tag other expense , net , was $ 6.6 million for fiscal 2019 , compared to other income , net , of $ 1.2 million in fiscal 2018 . the increase in other expense , net , was driven primarily by lower net unrealized mark-to-market revaluation gains on foreign currency balances and , to a lesser extent , the impact of unrealized losses on non-operating assets in the current year compared to gains in the prior year , partially offset by lower net realized and unrealized mark-to-market revaluation losses on foreign exchange currency contracts . income tax expense . income tax expense for fiscal 2019 was $ 29.5 million , or a 63.2 % effective tax rate , compared to $ 74.2 million , or a 105.6 % effective tax rate , in fiscal 2018 . the de crease in the effective income tax rate was due primarily to a lower statutory tax rate in fiscal 2019 and adjustments made during fiscal 2018 as a result of the enactment of the tax reform . these items positively impacted the company 's effective tax rate by 41.8 % in fiscal 2019 . the company 's effective tax rate for fiscal 2018 was primarily impacted by the enactment of the tax reform . this included the impact of a $ 24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $ 23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings . these items negatively impacted the company 's effective tax rate by 68.2 % in fiscal 2018. net earnings attributable to noncontrolling interests . net earnings attributable to noncontrolling interests for fiscal 2019 was $ 3.1 million , net of taxes , compared to $ 4.0 million , net of taxes , in fiscal 2018 . net earnings ( loss ) attributable to guess ? , inc. net earnings attributable to guess ? , inc. was $ 14.1 million for fiscal 2019 , compared to net loss attributable to guess ? , inc. of $ 7.9 million in fiscal 2018 . diluted earnings per share was $ 0.16 for fiscal 2019 , compared to diluted loss per share of $ 0.11 in fiscal 2018 . during fiscal 2019 , the company recognized a fine imposed by the european commission of 39.8 million ( $ 45.6 million ) , asset impairment charges of $ 6.9 million , net gains on lease terminations of $ 0.5 million , certain professional service and legal fees and related costs of $ 6.1 million , ceo severance charges of $ 5.2 million and income tax charges totaling $ 6.3 million related to the enactment of the tax reform ( or a combined $ 66.3 million after considering the related tax benefit of $ 3.4 million ) , or an unfavorable $ 0.82 per share impact . excluding the impact of these items , adjusted net earnings attributable to guess ? , inc. were $ 80.4 million and adjusted diluted earnings were $ 0.98 per common share for fiscal 2019 . we estimate that the favorable impact from currency fluctuations on diluted earnings per common share for fiscal 2019 was approximately $ 0.03 per share . during fiscal 2018 , the company recognized asset impairment charges of $ 8.5 million , net losses on lease terminations of $ 11.4 million , certain professional service and legal fees and related costs of $ 0.5 million and additional income tax charges totaling $ 47.9 million related to the tax reform ( or a combined $ 66.6 million after considering the related tax benefit of $ 1.6 million ) , or an unfavorable $ 0.81 per share impact . excluding the impact of these items , adjusted net earnings attributable to guess ? , inc. were $ 58.7 million and adjusted diluted earnings were $ 0.70 per common share for fiscal 2018. we estimate that the positive impact from currency fluctuations on diluted loss per common share for fiscal 2018 was approximately $ 0.02 per share . references to financial results excluding the impact of these items are non-gaap measures and are addressed below under “ non-gaap measures . ” 32 information by business segment the following table presents our net revenue and earnings ( loss ) from operations by segment for the periods indicated ( dollars in thousands ) : replace_table_token_9_th 1 the company operates on a 52 / 53 -week fiscal year calendar , which ends on the saturday nearest to january 31 of each year . the results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended february 3 , 2018 . 2 during the first quarter of fiscal 2019 , the company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation . the adoption of this guidance primarily impacted the presentation of advertising contributions received from the company 's licensees and the related advertising expenditures incurred by the company . the adoption of this guidance resulted in an increase in net royalty revenue within the company 's licensing segment of $ 10.7 million , as well as an increase in sg & a expenses in our americas retail , americas wholesale and licensing segments as well as corporate overhead of $ 3.9 million , $ 1.7 million , $ 1.1 million and $ 3.0 million , respectively , during the fiscal year ended february 2 , 2019 compared to the prior year . the net favorable impact on earnings from operations was approximately $ 1.0 million during the fiscal year ended february 2 , 2019 compared to the prior year . 3 during fiscal 2019 , the company changed the segment accountability for funds received from licensees on the company 's purchases of its licensed products . these amounts were treated as

net cash provided by operating activities was $ 81.7 million for the fiscal year ended february 2 , 2019 , compared to $ 148.4 million for the fiscal year ended february 3 , 2018 , or a de crease of $ 66.7 million . the de crease was driven primarily by changes in working capital due mainly to higher inventory resulting from retail expansion and inefficient inventory management , and to a lesser extent , higher accounts receivable driven by higher wholesale shipments , partially offset by higher cash flows generated from net earnings during fiscal 2019 compared to the prior year . net cash provided by operating activities for fiscal 2018 included the impact from up-front payments of approximately $ 22 million related to the modification of certain lease agreements held with a common landlord in north america . investing activities net cash used in investing activities was $ 123.5 million for the fiscal year ended february 2 , 2019 , compared to $ 90.3 million for the fiscal year ended february 3 , 2018 . net cash used in investing activities related primarily to capital expenditures incurred on international retail expansion , investments in technology infrastructure and existing store remodeling programs . in addition , purchases of investments , the cost of any business acquisitions , settlements 42 of forward exchange currency contracts and proceeds from the disposition of long-term assets are also included in cash flows used in investing activities . the in crease in cash used in investing activities was driven primarily by higher spending on retail expansion and , to a lesser extent , higher purchases of investments during fiscal 2019 compared to the prior year . during the fiscal year ended february 2 , 2019 , the company opened 177 directly operated stores compared to 129 directly operated stores that were opened in the prior year . financing activities net cash used in financing activities was $ 96.8 million for the fiscal year ended february 2 , 2019 , compared to $ 128.7 million for the fiscal year ended february 3 , 2018 .


 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 provided by operating activities was $ 81.7 million for the fiscal year ended february 2 , 2019 , compared to $ 148.4 million for the fiscal year ended february 3 , 2018 , or a de crease of $ 66.7 million . the de crease was driven primarily by changes in working capital due mainly to higher inventory resulting from retail expansion and inefficient inventory management , and to a lesser extent , higher accounts receivable driven by higher wholesale shipments , partially offset by higher cash flows generated from net earnings during fiscal 2019 compared to the prior year . net cash provided by operating activities for fiscal 2018 included the impact from up-front payments of approximately $ 22 million related to the modification of certain lease agreements held with a common landlord in north america . investing activities net cash used in investing activities was $ 123.5 million for the fiscal year ended february 2 , 2019 , compared to $ 90.3 million for the fiscal year ended february 3 , 2018 . net cash used in investing activities related primarily to capital expenditures incurred on international retail expansion , investments in technology infrastructure and existing store remodeling programs . in addition , purchases of investments , the cost of any business acquisitions , settlements 42 of forward exchange currency contracts and proceeds from the disposition of long-term assets are also included in cash flows used in investing activities . the in crease in cash used in investing activities was driven primarily by higher spending on retail expansion and , to a lesser extent , higher purchases of investments during fiscal 2019 compared to the prior year . during the fiscal year ended february 2 , 2019 , the company opened 177 directly operated stores compared to 129 directly operated stores that were opened in the prior year . financing activities net cash used in financing activities was $ 96.8 million for the fiscal year ended february 2 , 2019 , compared to $ 128.7 million for the fiscal year ended february 3 , 2018 .
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 Suspicious Activity Report : if the u.s. dollar strengthens relative to the respective fiscal 2019 foreign exchange rates , foreign exchange could negatively impact our revenues and operating results as well as our international cash and other balance sheet items during fiscal 2020 , particularly in canada , europe ( primarily the euro , turkish lira and russian ruble ) and mexico . alternatively , if the u.s. dollar weakens relative to the respective fiscal 2019 foreign exchange rates , our revenues and operating results , as well as our other cash balance sheet items , could be positively impacted by foreign currency fluctuations during fiscal 2020 , particularly in these regions . the company enters into derivative financial instruments to offset some but not all of the exchange risk on foreign currency transactions . for additional discussion regarding our exposure to foreign currency risk , forward contracts designated as hedging instruments and forward contracts not designated as hedging instruments , refer to “ part ii , item 7a . quantitative and qualitative disclosures about market risk . ” recent developments on february 20 , 2019 , carlos alberini began his service as the company 's new chief executive officer and member of the board , replacing victor herrero , who separated from the company on february 2 , 2019. mr. alberini previously served as president and chief operating officer of the company from 2000 to 2010. from 2010 until 2014 , mr. alberini was co-ceo of restoration hardware and at present , remains a director on the board of restoration hardware . from 2014 until february 2019 , mr. alberini served as the chairman and ceo of lucky brand . although mr. alberini is currently in the process of developing a strategic vision and implementation plan for execution with our leadership team , he has already identified several key principles he plans to deploy to drive value creation . those key principles include : ( i ) capital allocation ; ( ii ) product development and distribution optimization ; ( iii ) global strategies ; ( iv ) cost and structure optimization ; and ( v ) a concept called customer centricity ; each as further described below : capital allocation . we plan to continue to prioritize capital allocation toward investments that support growth and infrastructure , while remaining highly disciplined in the way we allocate capital across projects , including new store development , store remodels , technology investments and others . when we prioritize investments , we will 27 focus on their strategic significance and their return on invested capital expectations . we also plan to manage product buys and inventory ownership rigorously and optimize overall working capital management consistently . the company 's investments in capital for the full fiscal year 2020 are planned between $ 55 million and $ 65 million . the planned investments in capital are related primarily to retail and e-commerce expansion in europe and asia , as well as continued investments in technology to support our long-term growth plans . product development and distribution optimization . the company has a highly diversified customer base that offers opportunities for an expanded distribution of certain product categories , which may be matured in certain markets and underdeveloped in others . for example , denim has always been at the core of the guess ? business . today , our denim penetration is much lower than our historic levels and we plan to increase the penetration with a great product assortment , strong store presentation and effective marketing . we will explore other product opportunities as well . global strategies . we plan to leverage and support our global business more effectively , including areas such as sourcing and product development , data capture and analysis regarding product performance and customer history and behavior , and information technology and innovation . cost and structure optimization . we believe there are several areas that present opportunities for cost savings in our company and that we can structure our organization more effectively to improve accountability , collaboration and efficiency . customer centricity . we plan to place the customer at the center of everything we do , including striving to perfect the omni-channel experience . comparable store sales the company reports national retail federation calendar comparable store sales on a quarterly basis for our retail businesses which include the combined results from our brick-and-mortar retail stores and our e-commerce sites . we also separately report the impact of e-commerce sales on our comparable store sales metric . as a result of our omni-channel strategy , our e-commerce business has become strongly intertwined with our brick-and-mortar retail store business . therefore , we believe that the inclusion of e-commerce sales in our comparable store sales metric provides a more meaningful representation of our retail results . sales from our brick-and-mortar retail stores include purchases that are initiated , paid for and fulfilled at our retail stores and directly operated concessions as well as merchandise that is reserved online but paid for and picked-up at our retail stores . sales from our e-commerce sites include purchases that are initiated and paid for online and shipped from either our distribution centers or our retail stores as well as purchases that are initiated in a retail store , but due to inventory availability at the retail store , are ordered and paid for online and shipped from our distribution centers or picked-up from a different retail store . store sales are considered comparable after the store has been open for 13 full months . if a store remodel results in a square footage change of more than 15 % , or involves a relocation or a change in store concept , the store sales are removed from the comparable store base until the store has been opened at its new size , in its new location or under its new concept for 13 full months . story_separator_special_tag other expense , net , was $ 6.6 million for fiscal 2019 , compared to other income , net , of $ 1.2 million in fiscal 2018 . the increase in other expense , net , was driven primarily by lower net unrealized mark-to-market revaluation gains on foreign currency balances and , to a lesser extent , the impact of unrealized losses on non-operating assets in the current year compared to gains in the prior year , partially offset by lower net realized and unrealized mark-to-market revaluation losses on foreign exchange currency contracts . income tax expense . income tax expense for fiscal 2019 was $ 29.5 million , or a 63.2 % effective tax rate , compared to $ 74.2 million , or a 105.6 % effective tax rate , in fiscal 2018 . the de crease in the effective income tax rate was due primarily to a lower statutory tax rate in fiscal 2019 and adjustments made during fiscal 2018 as a result of the enactment of the tax reform . these items positively impacted the company 's effective tax rate by 41.8 % in fiscal 2019 . the company 's effective tax rate for fiscal 2018 was primarily impacted by the enactment of the tax reform . this included the impact of a $ 24.9 million charge for the provisional re-measurement of certain deferred taxes and related amounts and a provisional charge of $ 23.0 million to income tax expense for the estimated effects of the transitional tax on the deemed repatriation of foreign earnings . these items negatively impacted the company 's effective tax rate by 68.2 % in fiscal 2018. net earnings attributable to noncontrolling interests . net earnings attributable to noncontrolling interests for fiscal 2019 was $ 3.1 million , net of taxes , compared to $ 4.0 million , net of taxes , in fiscal 2018 . net earnings ( loss ) attributable to guess ? , inc. net earnings attributable to guess ? , inc. was $ 14.1 million for fiscal 2019 , compared to net loss attributable to guess ? , inc. of $ 7.9 million in fiscal 2018 . diluted earnings per share was $ 0.16 for fiscal 2019 , compared to diluted loss per share of $ 0.11 in fiscal 2018 . during fiscal 2019 , the company recognized a fine imposed by the european commission of 39.8 million ( $ 45.6 million ) , asset impairment charges of $ 6.9 million , net gains on lease terminations of $ 0.5 million , certain professional service and legal fees and related costs of $ 6.1 million , ceo severance charges of $ 5.2 million and income tax charges totaling $ 6.3 million related to the enactment of the tax reform ( or a combined $ 66.3 million after considering the related tax benefit of $ 3.4 million ) , or an unfavorable $ 0.82 per share impact . excluding the impact of these items , adjusted net earnings attributable to guess ? , inc. were $ 80.4 million and adjusted diluted earnings were $ 0.98 per common share for fiscal 2019 . we estimate that the favorable impact from currency fluctuations on diluted earnings per common share for fiscal 2019 was approximately $ 0.03 per share . during fiscal 2018 , the company recognized asset impairment charges of $ 8.5 million , net losses on lease terminations of $ 11.4 million , certain professional service and legal fees and related costs of $ 0.5 million and additional income tax charges totaling $ 47.9 million related to the tax reform ( or a combined $ 66.6 million after considering the related tax benefit of $ 1.6 million ) , or an unfavorable $ 0.81 per share impact . excluding the impact of these items , adjusted net earnings attributable to guess ? , inc. were $ 58.7 million and adjusted diluted earnings were $ 0.70 per common share for fiscal 2018. we estimate that the positive impact from currency fluctuations on diluted loss per common share for fiscal 2018 was approximately $ 0.02 per share . references to financial results excluding the impact of these items are non-gaap measures and are addressed below under “ non-gaap measures . ” 32 information by business segment the following table presents our net revenue and earnings ( loss ) from operations by segment for the periods indicated ( dollars in thousands ) : replace_table_token_9_th 1 the company operates on a 52 / 53 -week fiscal year calendar , which ends on the saturday nearest to january 31 of each year . the results for fiscal 2018 included the impact of an additional week which occurred during the fourth quarter ended february 3 , 2018 . 2 during the first quarter of fiscal 2019 , the company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation . the adoption of this guidance primarily impacted the presentation of advertising contributions received from the company 's licensees and the related advertising expenditures incurred by the company . the adoption of this guidance resulted in an increase in net royalty revenue within the company 's licensing segment of $ 10.7 million , as well as an increase in sg & a expenses in our americas retail , americas wholesale and licensing segments as well as corporate overhead of $ 3.9 million , $ 1.7 million , $ 1.1 million and $ 3.0 million , respectively , during the fiscal year ended february 2 , 2019 compared to the prior year . the net favorable impact on earnings from operations was approximately $ 1.0 million during the fiscal year ended february 2 , 2019 compared to the prior year . 3 during fiscal 2019 , the company changed the segment accountability for funds received from licensees on the company 's purchases of its licensed products . these amounts were treated as

