while we expect no revenue in 2014 for the transitioned 3pl business , we do expect to continue to supply product to this customer 's other programs and supply proprietary ventev ® products to at & t retail stores . due to the loss of this 3pl relationship , which generated $ 213.5 million in revenues during fiscal 2013 , we do expect to have a significant decline in overall revenues in fiscal 2014. the wireless communications distribution industry is competitive and fragmented , and is comprised of several national distributors . in addition , many manufacturers sell direct . barriers to entry for distributors are relatively low , particularly in the mobile devices and accessory market , and the risk of new competitors entering the market is high . consolidation of larger wireless carriers has and will most likely continue to impact our current and potential customer base . in addition , the agreements or arrangements with our customers or vendors looking to us for product and supply chain solutions are typically of limited duration and are terminable by either party upon several months or otherwise short notice . our ability to maintain these relationships is subject to competitive pressures and challenges . we believe , however , that our strength in service , the breadth and depth of our product offering , our information technology system , our large customer base and our purchasing relationships with approximately 375 manufacturers provide us with a significant competitive advantage over new entrants to the market . results of operations -27- results of operations the following tables summarize the results of our operations for fiscal years 2013 , 2012 and 2011 : replace_table_token_4_th -28- fiscal year 2013 compared to fiscal year 2012 revenues . revenues for fiscal year 2013 increased 2.6 % as compared to fiscal year 2012 , due to a 13.0 % increase in commercial segment revenues partially offset by a 5.8 % decrease in retail segment revenues . the increase in commercial segment revenues was due to a significant increase in our public carrier , contractor and program manager market , a smaller increase in our commercial dealers and resellers market , and was partially offset by a decline in sales to our private and government system operators market . the retail reduction in sales was a result of a 15.0 % decrease in sales to our major 3pl relationship , at & t , partially offset by 9.2 % sales growth in our retailers , independent dealer agents and carriers market . as noted above , in april 2012 , we were notified by at & t of their intention to transition their 3pl retail store supply chain business , which made up the vast majority of the company 's historical at & t revenues , away from tessco beginning in the second quarter of our fiscal 2013. this transition was completed by the close of our fiscal 2013. gross profit . gross profit decreased 1.1 % in fiscal year 2013 compared to fiscal year 2012 , due to a 15.6 % decrease in our retail segment partially offset by an 8.8 % increase in our commercial segment . within the retail segment , our major 3pl relationship market showed a decrease in sales , with a larger decrease of 44.2 % in gross profit due to the transition of the at & t third party logistics retail supply chain business . this decrease in gross profit was partially offset by a 7.4 % increase in the retailers , independent dealer agents and carriers market . the increase in our commercial segment was driven by increases in our public carrier , contractor and program manager market and our commercial dealers and resellers , and was partially offset by a decline from our private and government system operators market . overall gross profit margin decreased to 19.5 % , compared to 20.3 % in fiscal year 2012 , primarily driven by the continued decline in at & t gross margin . excluding our major 3pl relationship , gross profit margin decreased from 25.4 % in fiscal year 2012 to 24.5 % in fiscal year 2013 , due in part to higher dollar , lower margin public carrier , contractor and program manager market sales . we account for inventory at the lower of cost or market , and as a result , write-offs/write-downs occur due to damage , deterioration , obsolescence , changes in prices and other causes . our ongoing ability to earn revenues and gross profits from customers and vendors looking to us for product and supply chain solutions is dependent upon a number of factors . the terms , and accordingly the factors , applicable to each relationship often differ . among these factors are the strength of the customer 's or vendor 's business , the supply and demand for the product or service , including price stability , changing customer or vendor requirements , and our ability to support the customer or vendor and to continually demonstrate that we can improve the way they do business . in addition , the agreements or arrangements on which our customer and vendor relationships are based are typically of limited duration , typically do not include any obligation in respect of any specific product purchase or sale and are terminable by either party upon several months or otherwise short notice . our customer relationships could also be affected by wireless carrier consolidation or the global financial crisis . selling , general and administrative expenses . story_separator_special_tag as of march 31 , 2013 we had a zero balance outstanding on our $ 35.0 million revolving credit facility ; therefore , we had $ 35.0 million available on our revolving line of credit facility , subject to the limitations imposed by the borrowing base and our continued compliance with the other applicable terms , including the covenants discussed above . on december 30 , 2011 , we entered into a sixth modification agreement with suntrust bank and wachovia bank , national association which provided for certain modifications to the provisions applicable to the credit facility , including extending the term from may 30 , 2012 to may 31 , 2013. this term was further extended to may 31 , 2014 by the eighth modification agreement dated december 21 , 2012. on november 30 , 2012 , we entered in to a seventh modification agreement to allow for the special dividend discussed above . the terms of this revolving credit facility , as amended , allow us to repurchase up to $ 30.0 million of our common stock ( measured forward to the present date from the date of inception of the credit agreement , may 31 , 2007 ) and allow for the payment of up to $ 6.25 million of dividends in any 12 month period , not including the special one-time dividend of $ 6.04 million paid in december 2012. as of march 31 , 2013 , we had repurchased an aggregate of $ 13.7 million of common stock since may 31 , 2007 , leaving $ 16.3 million available for future repurchases , without the consent of our lenders or a further amendment to the terms of the facility . pursuant to the relevant documents , the financial covenants included in the credit agreement for the unsecured revolving credit facility are also applicable to our existing term loan with the same lenders . accordingly , the amendments to the credit agreement also have the effect of amending the financial covenants applicable to the term loan . on march 31 , 2009 , we entered into a term loan with the baltimore county economic development revolving loan fund for an aggregate principal amount of $ 250,000. the term loan is payable in equal monthly installments of principal and interest of $ 2,300 , with the balance due at maturity on april 1 , 2019. the term loan bears interest at 2.00 % per annum and is secured by a subordinate position on our hunt valley , maryland facility . at march 31 , 2013 , the principal balance of this term loan was approximately $ 158,000. working capital ( current assets less current liabilities ) increased to $ 76.6 million as of march 31 , 2013 , from $ 65.8 million as of april 1 , 2012 , primarily due to a decrease in accounts payable partially offset by a decrease in accounts receivable , which is primarily due to the at & t transition . additionally , inventory increased to improve service levels and support increased demand . shareholders ' equity increased to $ 102.8 million as of march 31 , 2013 , from $ 93.7 million as of april 1 , 2012 , primarily due to increased retained earnings due to fiscal year 2013 net income , partially offset by cash dividends paid and net increases in additional paid-in-capital . -34- we believe that our existing cash , payments from customers , and availability under our revolving line of credit facility will be sufficient to support our operations for at least the next twelve months . to minimize interest expense , our policy is to use excess available cash to pay down any balance on our revolving line of credit facility . we expect to meet short-term and long-term liquidity needs through operating cash flow , supplemented by our revolving credit facility . in doing so , the balance on our revolving credit facility could increase depending on our working capital and other cash needs . if we were to undertake an acquisition or other major capital purchases that require funds in excess of its existing sources of liquidity , we would look to sources of funding from additional credit facilities , debt and or equity issuances . there can be no assurances that such additional future sources of funding would be available on terms acceptable to us , if at all . as of march 31 , 2013 , we do not have any material capital expenditure commitments . in addition , our liquidity could be negatively impacted by decreasing revenues and profits resulting from a decrease in demand for our products or a reduction in capital expenditures by our customers , or by the weakened financial conditions of our customers or suppliers , in each case as a result of the downturn in the global economy , among other factors . contractual obligations the following tables reflect a summary of our contractual cash obligations and other commercial commitments as of march 31 , 2013 : replace_table_token_6_th ( 1 ) interest payments include amounts owed on notes payable at their stated contractual rate , as well as interest payments on our note with a bank at a variable rate of libor plus 2.00 % . ( 2 ) other long-term liabilities reflected on the consolidated balance sheet include amounts owed under a supplemental executive retirement plan . ( 3 ) we are unable to make a reasonably reliable estimate of the period of the cash settlement with the respective taxing authorities for the $ 0.7 million balance of our tax contingency reserves , net of federal tax benefits . see further discussion in note 11— `` income taxes `` to the consolidated financial statements set forth elsewhere herein . -35- critical accounting policies and estimates our discussion and analysis of our financial condition and results of our operations are based on our consolidated financial statements , which have been prepared in accordance with

liquidity and capital resources in summary , our cash flows were as follows : replace_table_token_5_th -32- we generated $ 3.4 million of net cash from operating activities in fiscal year 2013. our cash inflow from operating activities was driven by net income ( net of depreciation and amortization and non-cash stock compensation expense ) and a decrease in accounts receivable , partially offset by an increase in product inventory and decreases in trade accounts payable and accrued payroll , benefits and taxes . the decrease in accounts receivable is related to the at & t transition . the increase in inventory is intended to improve service levels to support increased customer demand and improve availability . the decrease in trade accounts payable is related to the at & t transition , causing lower at & t inventory purchases and lower accruals related to at & t market development funds , partially offset by higher non-at & t inventory purchases . the decrease in accrued payroll , benefits and taxes was driven by higher bonus accruals in fiscal 2012 ( and their subsequent payouts in fiscal 2013 ) compared to bonus accruals in fiscal 2013. in fiscal year 2012 , our cash inflow from operating activities was driven by net income ( net of depreciation and amortization and non-cash stock compensation expense ) , as well as an increase in trade accounts payable , partially offset by an increase in trade accounts receivables and product inventory . the increase in trade accounts payable was largely due to the timing and credit terms of inventory receipts , including those related to an expansion of our at & t relationship during the third and fourth quarters of fiscal year 2012. the increase in trade accounts receivable was primarily due to the timing of sales and collections , as well as the fact that we have granted extended payment terms to certain large customers . the increased inventory levels were to support growing sales , including the significant increase in sales to at & t during the third and fourth quarters of fiscal year 2012 , and to improve our inventory availability for our other customers .


 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 in summary , our cash flows were as follows : replace_table_token_5_th -32- we generated $ 3.4 million of net cash from operating activities in fiscal year 2013. our cash inflow from operating activities was driven by net income ( net of depreciation and amortization and non-cash stock compensation expense ) and a decrease in accounts receivable , partially offset by an increase in product inventory and decreases in trade accounts payable and accrued payroll , benefits and taxes . the decrease in accounts receivable is related to the at & t transition . the increase in inventory is intended to improve service levels to support increased customer demand and improve availability . the decrease in trade accounts payable is related to the at & t transition , causing lower at & t inventory purchases and lower accruals related to at & t market development funds , partially offset by higher non-at & t inventory purchases . the decrease in accrued payroll , benefits and taxes was driven by higher bonus accruals in fiscal 2012 ( and their subsequent payouts in fiscal 2013 ) compared to bonus accruals in fiscal 2013. in fiscal year 2012 , our cash inflow from operating activities was driven by net income ( net of depreciation and amortization and non-cash stock compensation expense ) , as well as an increase in trade accounts payable , partially offset by an increase in trade accounts receivables and product inventory . the increase in trade accounts payable was largely due to the timing and credit terms of inventory receipts , including those related to an expansion of our at & t relationship during the third and fourth quarters of fiscal year 2012. the increase in trade accounts receivable was primarily due to the timing of sales and collections , as well as the fact that we have granted extended payment terms to certain large customers . the increased inventory levels were to support growing sales , including the significant increase in sales to at & t during the third and fourth quarters of fiscal year 2012 , and to improve our inventory availability for our other customers .
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 Suspicious Activity Report : while we expect no revenue in 2014 for the transitioned 3pl business , we do expect to continue to supply product to this customer 's other programs and supply proprietary ventev ® products to at & t retail stores . due to the loss of this 3pl relationship , which generated $ 213.5 million in revenues during fiscal 2013 , we do expect to have a significant decline in overall revenues in fiscal 2014. the wireless communications distribution industry is competitive and fragmented , and is comprised of several national distributors . in addition , many manufacturers sell direct . barriers to entry for distributors are relatively low , particularly in the mobile devices and accessory market , and the risk of new competitors entering the market is high . consolidation of larger wireless carriers has and will most likely continue to impact our current and potential customer base . in addition , the agreements or arrangements with our customers or vendors looking to us for product and supply chain solutions are typically of limited duration and are terminable by either party upon several months or otherwise short notice . our ability to maintain these relationships is subject to competitive pressures and challenges . we believe , however , that our strength in service , the breadth and depth of our product offering , our information technology system , our large customer base and our purchasing relationships with approximately 375 manufacturers provide us with a significant competitive advantage over new entrants to the market . results of operations -27- results of operations the following tables summarize the results of our operations for fiscal years 2013 , 2012 and 2011 : replace_table_token_4_th -28- fiscal year 2013 compared to fiscal year 2012 revenues . revenues for fiscal year 2013 increased 2.6 % as compared to fiscal year 2012 , due to a 13.0 % increase in commercial segment revenues partially offset by a 5.8 % decrease in retail segment revenues . the increase in commercial segment revenues was due to a significant increase in our public carrier , contractor and program manager market , a smaller increase in our commercial dealers and resellers market , and was partially offset by a decline in sales to our private and government system operators market . the retail reduction in sales was a result of a 15.0 % decrease in sales to our major 3pl relationship , at & t , partially offset by 9.2 % sales growth in our retailers , independent dealer agents and carriers market . as noted above , in april 2012 , we were notified by at & t of their intention to transition their 3pl retail store supply chain business , which made up the vast majority of the company 's historical at & t revenues , away from tessco beginning in the second quarter of our fiscal 2013. this transition was completed by the close of our fiscal 2013. gross profit . gross profit decreased 1.1 % in fiscal year 2013 compared to fiscal year 2012 , due to a 15.6 % decrease in our retail segment partially offset by an 8.8 % increase in our commercial segment . within the retail segment , our major 3pl relationship market showed a decrease in sales , with a larger decrease of 44.2 % in gross profit due to the transition of the at & t third party logistics retail supply chain business . this decrease in gross profit was partially offset by a 7.4 % increase in the retailers , independent dealer agents and carriers market . the increase in our commercial segment was driven by increases in our public carrier , contractor and program manager market and our commercial dealers and resellers , and was partially offset by a decline from our private and government system operators market . overall gross profit margin decreased to 19.5 % , compared to 20.3 % in fiscal year 2012 , primarily driven by the continued decline in at & t gross margin . excluding our major 3pl relationship , gross profit margin decreased from 25.4 % in fiscal year 2012 to 24.5 % in fiscal year 2013 , due in part to higher dollar , lower margin public carrier , contractor and program manager market sales . we account for inventory at the lower of cost or market , and as a result , write-offs/write-downs occur due to damage , deterioration , obsolescence , changes in prices and other causes . our ongoing ability to earn revenues and gross profits from customers and vendors looking to us for product and supply chain solutions is dependent upon a number of factors . the terms , and accordingly the factors , applicable to each relationship often differ . among these factors are the strength of the customer 's or vendor 's business , the supply and demand for the product or service , including price stability , changing customer or vendor requirements , and our ability to support the customer or vendor and to continually demonstrate that we can improve the way they do business . in addition , the agreements or arrangements on which our customer and vendor relationships are based are typically of limited duration , typically do not include any obligation in respect of any specific product purchase or sale and are terminable by either party upon several months or otherwise short notice . our customer relationships could also be affected by wireless carrier consolidation or the global financial crisis . selling , general and administrative expenses . story_separator_special_tag as of march 31 , 2013 we had a zero balance outstanding on our $ 35.0 million revolving credit facility ; therefore , we had $ 35.0 million available on our revolving line of credit facility , subject to the limitations imposed by the borrowing base and our continued compliance with the other applicable terms , including the covenants discussed above . on december 30 , 2011 , we entered into a sixth modification agreement with suntrust bank and wachovia bank , national association which provided for certain modifications to the provisions applicable to the credit facility , including extending the term from may 30 , 2012 to may 31 , 2013. this term was further extended to may 31 , 2014 by the eighth modification agreement dated december 21 , 2012. on november 30 , 2012 , we entered in to a seventh modification agreement to allow for the special dividend discussed above . the terms of this revolving credit facility , as amended , allow us to repurchase up to $ 30.0 million of our common stock ( measured forward to the present date from the date of inception of the credit agreement , may 31 , 2007 ) and allow for the payment of up to $ 6.25 million of dividends in any 12 month period , not including the special one-time dividend of $ 6.04 million paid in december 2012. as of march 31 , 2013 , we had repurchased an aggregate of $ 13.7 million of common stock since may 31 , 2007 , leaving $ 16.3 million available for future repurchases , without the consent of our lenders or a further amendment to the terms of the facility . pursuant to the relevant documents , the financial covenants included in the credit agreement for the unsecured revolving credit facility are also applicable to our existing term loan with the same lenders . accordingly , the amendments to the credit agreement also have the effect of amending the financial covenants applicable to the term loan . on march 31 , 2009 , we entered into a term loan with the baltimore county economic development revolving loan fund for an aggregate principal amount of $ 250,000. the term loan is payable in equal monthly installments of principal and interest of $ 2,300 , with the balance due at maturity on april 1 , 2019. the term loan bears interest at 2.00 % per annum and is secured by a subordinate position on our hunt valley , maryland facility . at march 31 , 2013 , the principal balance of this term loan was approximately $ 158,000. working capital ( current assets less current liabilities ) increased to $ 76.6 million as of march 31 , 2013 , from $ 65.8 million as of april 1 , 2012 , primarily due to a decrease in accounts payable partially offset by a decrease in accounts receivable , which is primarily due to the at & t transition . additionally , inventory increased to improve service levels and support increased demand . shareholders ' equity increased to $ 102.8 million as of march 31 , 2013 , from $ 93.7 million as of april 1 , 2012 , primarily due to increased retained earnings due to fiscal year 2013 net income , partially offset by cash dividends paid and net increases in additional paid-in-capital . -34- we believe that our existing cash , payments from customers , and availability under our revolving line of credit facility will be sufficient to support our operations for at least the next twelve months . to minimize interest expense , our policy is to use excess available cash to pay down any balance on our revolving line of credit facility . we expect to meet short-term and long-term liquidity needs through operating cash flow , supplemented by our revolving credit facility . in doing so , the balance on our revolving credit facility could increase depending on our working capital and other cash needs . if we were to undertake an acquisition or other major capital purchases that require funds in excess of its existing sources of liquidity , we would look to sources of funding from additional credit facilities , debt and or equity issuances . there can be no assurances that such additional future sources of funding would be available on terms acceptable to us , if at all . as of march 31 , 2013 , we do not have any material capital expenditure commitments . in addition , our liquidity could be negatively impacted by decreasing revenues and profits resulting from a decrease in demand for our products or a reduction in capital expenditures by our customers , or by the weakened financial conditions of our customers or suppliers , in each case as a result of the downturn in the global economy , among other factors . contractual obligations the following tables reflect a summary of our contractual cash obligations and other commercial commitments as of march 31 , 2013 : replace_table_token_6_th ( 1 ) interest payments include amounts owed on notes payable at their stated contractual rate , as well as interest payments on our note with a bank at a variable rate of libor plus 2.00 % . ( 2 ) other long-term liabilities reflected on the consolidated balance sheet include amounts owed under a supplemental executive retirement plan . ( 3 ) we are unable to make a reasonably reliable estimate of the period of the cash settlement with the respective taxing authorities for the $ 0.7 million balance of our tax contingency reserves , net of federal tax benefits . see further discussion in note 11— `` income taxes `` to the consolidated financial statements set forth elsewhere herein . -35- critical accounting policies and estimates our discussion and analysis of our financial condition and results of our operations are based on our consolidated financial statements , which have been prepared in accordance with

