estimates are based on historical experience and other factors believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . management estimates , by their nature , involve judgments regarding future uncertainties , and actual results may therefore differ materially from these estimates . self-insurance the company is self-insured for workers ' compensation , general liability , and group medical and dental benefits . risks and uncertainties are associated with self-insurance ; however , the company has limited its exposure by maintaining excess liability coverage of $ 1,000,000 per occurrence for workers ' compensation and for general liability , and $ 450,000 per covered person for medical care benefits for a policy year . since october 1 , 2019 , the excess liability limit has been $ 1,000,000 for general liability . self-insurance liabilities are established based on claims filed and estimates of claims incurred but not reported . the estimates are based on data provided by the respective claims administrators which is then applied to appropriate actuarial methods . these estimates can fluctuate if historical trends are not predictive of the future . the majority of the company 's properties are self-insured for casualty losses and business interruption ; however , liability coverage is maintained . the company 's self-insurance reserves totaled $ 34.1 million and $ 31.0 million for employee group insurance , workers ' compensation insurance and general liability insurance at september 26 , 2020 and september 28 , 2019 , respectively . these amounts are inclusive of expected recoveries from excess cost insurance or other sources that are recorded as receivables of $ 4.7 million at september 26 , 2020 and $ 3.6 million at september 28 , 2019. asset impairments the company accounts for the impairment of long-lived assets in accordance with financial accounting standards board accounting standards codification ( “ fasb asc ” ) topic 360. asset groups are primarily comprised of our individual store and shopping center properties . for assets to be held and used , the company tests for impairment using undiscounted cash flows and calculates the amount of impairment using discounted cash flows . for assets held for sale , impairment is recognized based on the excess of remaining book value over expected recovery value . the recovery value is the fair value as determined by independent quotes or expected sales prices developed by internal associates , net of costs to sell . estimates of future cash flows and expected sales prices are judgments based upon the company 's experience and knowledge of local operations and cash flows that are projected for several years into the future . these estimates can fluctuate significantly due to changes in real estate market conditions , the economic environment , capital spending decisions and inflation . the company monitors the carrying value of long-lived assets for potential impairment each quarter based on whether any indicators of impairment have occurred . vendor allowances the company receives funds for a variety of merchandising activities from the many vendors whose products the company buys for resale in its stores . these incentives and allowances are primarily composed of volume or purchase based incentives , advertising allowances , slotting fees , and promotional discounts . the purpose of these incentives and allowances is generally to help defray the costs incurred by the company for stocking , advertising , promoting and selling the applicable vendor 's products . these allowances generally relate to short term arrangements with vendors , often relating to a period of one month or less and are negotiated on a purchase-by-purchase or transaction-by-transaction basis . whenever practical , vendor discounts and allowances that relate to buying and merchandising activities are recorded as a reduction of item cost in inventory and recognized in merchandise costs when the item is sold . due to the use of the retail method for store inventory and the nature of certain allowances , it is sometimes not practicable to apply allowances to the item cost of inventory . in those instances , the allowances are applied as a reduction of merchandise costs using a rational and systematic methodology , which results in the recognition of these incentives when the inventory related to the 16 vendor consideration received is sold . vendor allowances applied as a reduction of merchandise costs totaled $ 107.5 million , $ 111.7 million and $ 116.5 million for the fiscal years ended september 26 , 2020 , september 28 , 2019 and september 29 , 2018 , respectively . vendor advertising allowances that represent a reimbursement of specific identifiable incremental costs of advertising the vendor 's specific products are recorded as a reduction to the related expense in the period that the related expense is incurred . vendor advertising allowances recorded as a reduction of advertising expense totaled $ 8.0 million , $ 13.8 million , and $ 14.1 million for the fiscal years ended september 26 , 2020 , september 28 , 2019 and september 29 , 2018 , respectively . during fiscal year 2020 , the covid-19 pandemic increased the company 's sales . as a result , vendors offered the company a lower level of incentives to sell their products . if vendor advertising allowances were substantially reduced or eliminated , the company would likely consider other methods of advertising as well as the volume and frequency of the company 's product advertising , which could increase or decrease the company 's expenditures . similarly , the company is not able to assess the impact of vendor advertising allowances on creating additional revenue ; as such allowances do not directly generate revenue for the company 's stores . story_separator_special_tag these factors may include , among others , resolution of the covid-19 pandemic , increased competition , changing regional and national economic conditions , adverse climatic conditions affecting food production and delivery and changing demographics as well as the additional factors discussed above and elsewhere under “ item 1a . risk factors . ” it is also possible , for such reasons , that the results of operations from the new , expanded , remodeled and or replacement stores will not meet or exceed the results of operations from existing stores that are described in this report . contractual obligations and commercial commitments the company has assumed various financial obligations and commitments in the normal course of its operations and financing activities . financial obligations are considered to represent known future cash payments that the company is required to make under existing contractual arrangements , such as debt and lease arrangements . the following table represents the scheduled maturities of the company 's long-term contractual obligations as of september 26 , 2020 : payment due by period replace_table_token_15_th ( 1 ) scheduled interest on floating rate debt calculated using rates in effect on september 26 , 2020 . ( 2 ) operating lease obligations in the above table do not include common area maintenance , insurance , utility and tax payments for which the company is obligated under certain operating leases . these amounts are not significant compared with the operating lease payments listed in the above table . the company has entered supply contracts to provide approximately 90 % of the fuel sold in its fuel centers . pricing is based on certain market indices at the time of purchase . the suppliers can modify or terminate the contracts if the company does not meet certain minimum monthly purchase requirements . the company is self-insured for workers ' compensation , general liability , and group medical and dental benefits . the company 's self-insurance reserves totaled $ 34.1 million at september 26 , 2020 and $ 31.0 million at september 28 , 2019. self-insurance liabilities are based on estimates and actuarial assumptions and can fluctuate in both amount and in timing of cash settlement if historical trends are not predictive of the future . for this reason , they are not included in the above table . the company has a nonqualified investment plan to provide retirement benefits to certain of the company 's management associates who are otherwise subject to limited participation in the 401 ( k ) feature of the company 's investment/profit sharing plan . the liability to plan participants totaled $ 18.0 million at september 26 , 2020 and $ 16.4 million at september 28 , 2019. the settlement of this obligation is dependent upon participant elections to withdraw funds , which can not be predicted . for this reason , they are not included in the above table . various legal proceedings and claims arising in the ordinary course of business are pending against the company . in the opinion of management , the ultimate liability , if any , from all pending legal proceedings and claims will not materially affect the company 's financial position , the results of its operations , or its cash flows . there have been no other material changes in contractual obligations and commercial commitments subsequent to september 26,2020 other than as described elsewhere in this form 10-k. amounts available to the company under commercial commitments as of september 26 , 2020 , were as follows : amount of commitment expiration per period replace_table_token_16_th 22 off balance sheet arrangements the company is not a party to any off-balance sheet arrangements that have , or are reasonably likely to have , a current or future material effect on the company 's financial condition , revenues , expenses , results of operations , liquidity , capital expenditures or capital resources . quarterly cash dividends since december 27 , 1993 , the company has paid regular quarterly cash dividends of $ 0.165 per share on its class a common stock and $ 0.15 per share on its class b common stock for an annual rate of $ 0.66 and $ 0.60 per share , respectively . the company expects to continue paying regular cash dividends on a quarterly basis . however , the board of directors periodically reconsiders the declaration of dividends . the company pays these dividends at the discretion of the board of directors and the continuation of these payments , the amount of such dividends , and the form in which the dividends are paid ( cash or stock ) depends upon the results of operations , the financial condition of the company and other factors which the board of directors deems relevant . certain of the company 's long-term debt agreements contain various restrictive covenants requiring , among other things , minimum levels of net worth and maintenance of certain financial ratios . these covenants have the effect of restricting certain types of transactions , including the payment of cash dividends generally and in excess of current quarterly per share amounts . further , the company is prevented from declaring dividends at any time that it is in default under the indenture governing the notes . impact of inflation the following table from the united states bureau of labor statistics lists annualized changes in the consumer price index that could have an effect on the company 's operations . one of the company 's significant costs is labor , which increases with general inflation . inflation or deflation in energy costs affects the company 's gasoline sales , distribution expenses and plastic supply costs . replace_table_token_17_th new accounting pronouncements for new accounting pronouncements , see note 1 to the consolidated financial statements included in this annual report on form 10-k. outlook and trends in the company 's markets the covid-19 pandemic that began in march 2020 has had a significant impact on the company 's markets for

loss on early extinguishment of debt . in november 2019 , the company closed a $ 155 million ten-year amortizing real estate loan ( the “ loan ” ) and issued a redemption notice for a like principal amount of the notes . the loan was funded and the notes redeemed thirty days after the redemption notice in december 2019. the notes were redeemed at 101.917 % of par value , and the company recognized debt extinguishment costs of approximately $ 3.7 million during the quarter ending december 28 , 2019. in june 2020 , the company issued an irrevocable notice to redeem $ 150 million principal amount of the notes . the notes were redeemed at 100.958 % of par value on july 9 , 2020. the company recognized debt extinguishment costs of approximately $ 2.0 million during the quarter ending september 26 , 2020. in july 2020 the company issued an irrevocable notice to redeem $ 100 million principal amount of the notes . the notes were redeemed at 100.958 % of par value on august 27 , 2020. the company recognized debt extinguishment costs of approximately $ 1.4 million during the quarter ending september 26 , 2020. income taxes . income tax expense totaled $ 56.4 million for fiscal year 2020 , an effective tax rate of 24.0 % . this compares with an income tax expense totaling $ 25.0 million and an effective tax rate of 23.5 % for fiscal year 2019. net income .


 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.
     ```loss on early extinguishment of debt . in november 2019 , the company closed a $ 155 million ten-year amortizing real estate loan ( the “ loan ” ) and issued a redemption notice for a like principal amount of the notes . the loan was funded and the notes redeemed thirty days after the redemption notice in december 2019. the notes were redeemed at 101.917 % of par value , and the company recognized debt extinguishment costs of approximately $ 3.7 million during the quarter ending december 28 , 2019. in june 2020 , the company issued an irrevocable notice to redeem $ 150 million principal amount of the notes . the notes were redeemed at 100.958 % of par value on july 9 , 2020. the company recognized debt extinguishment costs of approximately $ 2.0 million during the quarter ending september 26 , 2020. in july 2020 the company issued an irrevocable notice to redeem $ 100 million principal amount of the notes . the notes were redeemed at 100.958 % of par value on august 27 , 2020. the company recognized debt extinguishment costs of approximately $ 1.4 million during the quarter ending september 26 , 2020. income taxes . income tax expense totaled $ 56.4 million for fiscal year 2020 , an effective tax rate of 24.0 % . this compares with an income tax expense totaling $ 25.0 million and an effective tax rate of 23.5 % for fiscal year 2019. net income .
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 Suspicious Activity Report : estimates are based on historical experience and other factors believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . management estimates , by their nature , involve judgments regarding future uncertainties , and actual results may therefore differ materially from these estimates . self-insurance the company is self-insured for workers ' compensation , general liability , and group medical and dental benefits . risks and uncertainties are associated with self-insurance ; however , the company has limited its exposure by maintaining excess liability coverage of $ 1,000,000 per occurrence for workers ' compensation and for general liability , and $ 450,000 per covered person for medical care benefits for a policy year . since october 1 , 2019 , the excess liability limit has been $ 1,000,000 for general liability . self-insurance liabilities are established based on claims filed and estimates of claims incurred but not reported . the estimates are based on data provided by the respective claims administrators which is then applied to appropriate actuarial methods . these estimates can fluctuate if historical trends are not predictive of the future . the majority of the company 's properties are self-insured for casualty losses and business interruption ; however , liability coverage is maintained . the company 's self-insurance reserves totaled $ 34.1 million and $ 31.0 million for employee group insurance , workers ' compensation insurance and general liability insurance at september 26 , 2020 and september 28 , 2019 , respectively . these amounts are inclusive of expected recoveries from excess cost insurance or other sources that are recorded as receivables of $ 4.7 million at september 26 , 2020 and $ 3.6 million at september 28 , 2019. asset impairments the company accounts for the impairment of long-lived assets in accordance with financial accounting standards board accounting standards codification ( “ fasb asc ” ) topic 360. asset groups are primarily comprised of our individual store and shopping center properties . for assets to be held and used , the company tests for impairment using undiscounted cash flows and calculates the amount of impairment using discounted cash flows . for assets held for sale , impairment is recognized based on the excess of remaining book value over expected recovery value . the recovery value is the fair value as determined by independent quotes or expected sales prices developed by internal associates , net of costs to sell . estimates of future cash flows and expected sales prices are judgments based upon the company 's experience and knowledge of local operations and cash flows that are projected for several years into the future . these estimates can fluctuate significantly due to changes in real estate market conditions , the economic environment , capital spending decisions and inflation . the company monitors the carrying value of long-lived assets for potential impairment each quarter based on whether any indicators of impairment have occurred . vendor allowances the company receives funds for a variety of merchandising activities from the many vendors whose products the company buys for resale in its stores . these incentives and allowances are primarily composed of volume or purchase based incentives , advertising allowances , slotting fees , and promotional discounts . the purpose of these incentives and allowances is generally to help defray the costs incurred by the company for stocking , advertising , promoting and selling the applicable vendor 's products . these allowances generally relate to short term arrangements with vendors , often relating to a period of one month or less and are negotiated on a purchase-by-purchase or transaction-by-transaction basis . whenever practical , vendor discounts and allowances that relate to buying and merchandising activities are recorded as a reduction of item cost in inventory and recognized in merchandise costs when the item is sold . due to the use of the retail method for store inventory and the nature of certain allowances , it is sometimes not practicable to apply allowances to the item cost of inventory . in those instances , the allowances are applied as a reduction of merchandise costs using a rational and systematic methodology , which results in the recognition of these incentives when the inventory related to the 16 vendor consideration received is sold . vendor allowances applied as a reduction of merchandise costs totaled $ 107.5 million , $ 111.7 million and $ 116.5 million for the fiscal years ended september 26 , 2020 , september 28 , 2019 and september 29 , 2018 , respectively . vendor advertising allowances that represent a reimbursement of specific identifiable incremental costs of advertising the vendor 's specific products are recorded as a reduction to the related expense in the period that the related expense is incurred . vendor advertising allowances recorded as a reduction of advertising expense totaled $ 8.0 million , $ 13.8 million , and $ 14.1 million for the fiscal years ended september 26 , 2020 , september 28 , 2019 and september 29 , 2018 , respectively . during fiscal year 2020 , the covid-19 pandemic increased the company 's sales . as a result , vendors offered the company a lower level of incentives to sell their products . if vendor advertising allowances were substantially reduced or eliminated , the company would likely consider other methods of advertising as well as the volume and frequency of the company 's product advertising , which could increase or decrease the company 's expenditures . similarly , the company is not able to assess the impact of vendor advertising allowances on creating additional revenue ; as such allowances do not directly generate revenue for the company 's stores . story_separator_special_tag these factors may include , among others , resolution of the covid-19 pandemic , increased competition , changing regional and national economic conditions , adverse climatic conditions affecting food production and delivery and changing demographics as well as the additional factors discussed above and elsewhere under “ item 1a . risk factors . ” it is also possible , for such reasons , that the results of operations from the new , expanded , remodeled and or replacement stores will not meet or exceed the results of operations from existing stores that are described in this report . contractual obligations and commercial commitments the company has assumed various financial obligations and commitments in the normal course of its operations and financing activities . financial obligations are considered to represent known future cash payments that the company is required to make under existing contractual arrangements , such as debt and lease arrangements . the following table represents the scheduled maturities of the company 's long-term contractual obligations as of september 26 , 2020 : payment due by period replace_table_token_15_th ( 1 ) scheduled interest on floating rate debt calculated using rates in effect on september 26 , 2020 . ( 2 ) operating lease obligations in the above table do not include common area maintenance , insurance , utility and tax payments for which the company is obligated under certain operating leases . these amounts are not significant compared with the operating lease payments listed in the above table . the company has entered supply contracts to provide approximately 90 % of the fuel sold in its fuel centers . pricing is based on certain market indices at the time of purchase . the suppliers can modify or terminate the contracts if the company does not meet certain minimum monthly purchase requirements . the company is self-insured for workers ' compensation , general liability , and group medical and dental benefits . the company 's self-insurance reserves totaled $ 34.1 million at september 26 , 2020 and $ 31.0 million at september 28 , 2019. self-insurance liabilities are based on estimates and actuarial assumptions and can fluctuate in both amount and in timing of cash settlement if historical trends are not predictive of the future . for this reason , they are not included in the above table . the company has a nonqualified investment plan to provide retirement benefits to certain of the company 's management associates who are otherwise subject to limited participation in the 401 ( k ) feature of the company 's investment/profit sharing plan . the liability to plan participants totaled $ 18.0 million at september 26 , 2020 and $ 16.4 million at september 28 , 2019. the settlement of this obligation is dependent upon participant elections to withdraw funds , which can not be predicted . for this reason , they are not included in the above table . various legal proceedings and claims arising in the ordinary course of business are pending against the company . in the opinion of management , the ultimate liability , if any , from all pending legal proceedings and claims will not materially affect the company 's financial position , the results of its operations , or its cash flows . there have been no other material changes in contractual obligations and commercial commitments subsequent to september 26,2020 other than as described elsewhere in this form 10-k. amounts available to the company under commercial commitments as of september 26 , 2020 , were as follows : amount of commitment expiration per period replace_table_token_16_th 22 off balance sheet arrangements the company is not a party to any off-balance sheet arrangements that have , or are reasonably likely to have , a current or future material effect on the company 's financial condition , revenues , expenses , results of operations , liquidity , capital expenditures or capital resources . quarterly cash dividends since december 27 , 1993 , the company has paid regular quarterly cash dividends of $ 0.165 per share on its class a common stock and $ 0.15 per share on its class b common stock for an annual rate of $ 0.66 and $ 0.60 per share , respectively . the company expects to continue paying regular cash dividends on a quarterly basis . however , the board of directors periodically reconsiders the declaration of dividends . the company pays these dividends at the discretion of the board of directors and the continuation of these payments , the amount of such dividends , and the form in which the dividends are paid ( cash or stock ) depends upon the results of operations , the financial condition of the company and other factors which the board of directors deems relevant . certain of the company 's long-term debt agreements contain various restrictive covenants requiring , among other things , minimum levels of net worth and maintenance of certain financial ratios . these covenants have the effect of restricting certain types of transactions , including the payment of cash dividends generally and in excess of current quarterly per share amounts . further , the company is prevented from declaring dividends at any time that it is in default under the indenture governing the notes . impact of inflation the following table from the united states bureau of labor statistics lists annualized changes in the consumer price index that could have an effect on the company 's operations . one of the company 's significant costs is labor , which increases with general inflation . inflation or deflation in energy costs affects the company 's gasoline sales , distribution expenses and plastic supply costs . replace_table_token_17_th new accounting pronouncements for new accounting pronouncements , see note 1 to the consolidated financial statements included in this annual report on form 10-k. outlook and trends in the company 's markets the covid-19 pandemic that began in march 2020 has had a significant impact on the company 's markets for

