we believe that we must continue to invest in our tommy bahama and lilly pulitzer lifestyle brands in order to take advantage of their long-term growth opportunities . investments include capital expenditures primarily related to the direct to consumer operations such as retail store build-out and distribution center and technology enhancements as well as increased employment , advertising and other costs in key functions to provide future net sales growth and support the ongoing business operations . we expect that the investments will continue to put downward pressure on our operating margins in the near future until we have sufficient sales to leverage the operating costs . we believe that there are opportunities for modest sales growth for lanier clothes through new product programs , including pants ; however , we also believe that the tailored clothing environment will continue to be very challenging , which may negatively impact net sales , operating income and operating margin . the ben sherman lifestyle brand has faced challenges in recent years with sales and operating results on a downward trajectory . during fiscal 2013 , we appointed a new ceo and strengthened the management team of the brand , refocused the business on its core consumer , reduced operating expenses and improved the operation of the ben sherman retail stores . much work remains to generate satisfactory financial results in the long-term ; however , we believe , as a result of these actions , that ben sherman has ample opportunities to increase sales and thereby generate significantly improved operating results in the future . we continue to believe that it is important to maintain a strong balance sheet and liquidity . we believe that our positive cash flow from operations coupled with the strength of our balance sheet and liquidity will provide us with ample resources to fund future investments in our lifestyle brands . in the future , we may add additional lifestyle brands to our portfolio , if we 37 identify appropriate targets which meet our investment criteria ; however , we believe that we have significant opportunities to appropriately deploy our capital and resources in our existing lifestyle brands . the following table sets forth our consolidated operating results ( in thousands , except per share amounts ) for the 52-week fiscal 2013 compared to the 53-week fiscal 2012 : replace_table_token_19_th the primary reasons for the higher earnings in fiscal 2013 were : net sales increases in excess of 10 % in both the tommy bahama and lilly pulitzer operating groups ; fiscal 2012 including a charge of $ 9.1 million related to a loss on the repurchase of senior notes , which resulted from our july 2012 redemption of the remaining $ 105 million in aggregate principal amount of our 11.375 % senior secured notes ( `` senior secured notes `` ) primarily using borrowings under our u.s. revolving credit agreement , with no loss on repurchase of senior notes in fiscal 2013 ; a $ 6.0 million reduction in the charge for the change in the fair value of contingent consideration in fiscal 2013 ; a $ 4.8 million reduction in interest expense in fiscal 2013 to $ 4.2 million primarily due to our borrowing at lower interest rates for the first half of fiscal 2013 compared to the first half of fiscal 2012 as a result of our july 2012 senior secured notes redemption ; a $ 4.1 million reduction in the lifo accounting charge in fiscal 2013 as there was no significant lifo accounting impact in fiscal 2013 ; sg & a reductions in ben sherman , primarily due to certain cost savings initiatives , and corporate and other , primarily due to lower incentive compensation amounts earned ; and fiscal 2013 including a $ 1.6 million gain on the sale of property and equipment . these items were partially offset by : an increase in sg & a for tommy bahama and lilly pulitzer which was primarily due to $ 30.8 million of incremental sg & a associated with the operation of retail stores opened in fiscal 2013 and fiscal 2012 and other sg & a increases to support the growing tommy bahama and lilly pulitzer businesses ; a $ 14.7 million decrease in net sales in ben sherman ; our effective tax rate increasing to 43.7 % in fiscal 2013 compared to 38.5 % in fiscal 2012 ; although both years reflect the unfavorable impact of foreign losses for which we were not able to recognize an income tax benefit and the favorable impact of a decrease in the enacted tax rate in the united kingdom , fiscal 2012 also benefited from certain other favorable discrete items which reduced the effective tax rate ; and $ 2.1 million of charges in the aggregate incurred in fiscal 2013 related to an inventory step-up charge and amortization of intangible assets as a result of our acquisition of the tommy bahama operations in canada in the second quarter of fiscal 2013. operating groups our business is primarily operated through our four operating groups : tommy bahama , lilly pulitzer , lanier clothes and ben sherman . we identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance . our operating group structure reflects a brand-focused 38 management approach , emphasizing operational coordination and resource allocation across each brand 's direct to consumer , wholesale and licensing operations . tommy bahama designs , sources , markets and distributes men 's and women 's sportswear and related products . the target consumers of tommy bahama are primarily affluent men and women age 35 and older who embrace a relaxed and casual approach to daily living . tommy bahama products can be found in our tommy bahama stores and on our tommy bahama e-commerce website , tommybahama.com , as well as in better department stores and independent specialty stores throughout the united states . story_separator_special_tag corporate and other : the gross profit in corporate and other in each period primarily reflects the impact on gross profit of our oxford golf and lyons , georgia distribution center operations and the impact of lifo accounting adjustments . the increase in the gross profit for corporate and other was primarily due to ( 1 ) fiscal 2012 being impacted by a $ 4.0 million lifo accounting charge with no significant lifo accounting charge in fiscal 2013 and ( 2 ) higher sales and gross margin in the oxford golf business in fiscal 2013 . sg & a replace_table_token_28_th the increase in sg & a was primarily due to ( 1 ) $ 30.8 million of incremental sg & a in fiscal 2013 associated with operating additional tommy bahama retail stores and restaurants and lilly pulitzer retail stores and ( 2 ) higher costs to support the growing tommy bahama and lilly pulitzer businesses . the increases in sg & a for tommy bahama and lilly pulitzer were partially offset by sg & a reductions in ben sherman and corporate and other . sg & a for fiscal 2012 was unfavorably impacted by the inclusion of a 53rd week , which we estimate resulted in an additional $ 7 million of sg & a . further , sg & a was impacted by $ 7.2 million reduction in incentive compensation in fiscal 2013 as compared to fiscal 2012 , primarily reflecting lower incentive compensation for both tommy bahama and corporate and other . sg & a included $ 2.2 million of amortization of intangible assets in fiscal 2013 compared to $ 1.0 million in fiscal 2012 with the increase primarily being $ 1.4 million of amortization associated with the intangible assets acquired as part of the tommy bahama canada acquisition . we anticipate that amortization of intangible assets for fiscal 2014 will be approximately $ 2.5 million with approximately $ 2.0 million of the amortization reflecting amortization of the intangible assets acquired as part of the tommy bahama canada acquisition . change in fair value of contingent consideration fiscal 2013 fiscal 2012 $ change % change change in fair value of contingent consideration included in lilly pulitzer $ 275 $ 6,285 $ ( 6,010 ) ( 95.6 ) % in connection with our acquisition of the lilly pulitzer brand and operations in fiscal 2010 , we entered into a contingent consideration agreement with the sellers , under which we are obligated to pay certain contingent consideration amounts based on the achievement of certain performance criteria by our lilly pulitzer operating group , which payments may be as much as $ 20 million in the aggregate over the four years subsequent to the acquisition . in accordance with gaap , we have recognized a liability in our consolidated balance sheets for the fair value of this liability at each balance sheet date . generally , this liability increases in fair value as we approach the date of anticipated payment , resulting in a charge to our consolidated statements of earnings during that period . further , if we determine that the probability of the amounts being earned changes , it would impact our assessment of the fair value in our consolidated balance sheet , resulting in a charge or 44 income in our consolidated statement of earnings at that time . thus , change in fair value of contingent consideration reflects the current period impact of the change in the fair value of any contingent consideration obligations . the $ 6.0 million decrease in the charge for the change in fair value of contingent consideration during fiscal 2013 was primarily a result of fiscal 2012 including a a significant increase in the fair value of the contingent consideration , while fiscal 2013 generally only reflected the passage of time as we approach the anticipated payments . during fiscal 2012 , we increased the fair value of the contingent consideration by $ 6.3 million to reflect not only the passage of time , but also our determination that the certainty of the payment of the contingent consideration related to the lilly pulitzer acquisition was more probable than we had determined in prior years based on our consideration of , among other things , ( 1 ) the fiscal 2011 and fiscal 2012 operating results of the lilly pulitzer operating group , ( 2 ) projected operating results for lilly pulitzer for fiscal 2013 and fiscal 2014 , ( 3 ) the operating results criteria for the fiscal 2013 and fiscal 2014 amounts to be earned and ( 4 ) the shorter remaining term of the contingent consideration agreement . we anticipate that the change in contingent consideration for fiscal 2014 will be approximately $ 0.3 million . royalties and other operating income fiscal 2013 fiscal 2012 $ change % change royalties and other operating income $ 19,016 $ 16,436 $ 2,580 15.7 % gain on sale of real estate included in corporate and other $ 1,611 $ — royalties and other operating income in fiscal 2013 increased by $ 2.6 million primarily due to ( 1 ) fiscal 2013 including a gain on sale of real estate of $ 1.6 million , ( 2 ) higher royalty income for both tommy bahama and lilly pulitzer and ( 3 ) higher other income in corporate and other . these increases were partially offset by lower royalty income for ben sherman in fiscal 2013 . royalty and other operating income primarily consists of royalty income received from third parties from the licensing of our tommy bahama , ben sherman and lilly pulitzer brands . operating income ( loss ) replace_table_token_29_th operating income , on a consolidated basis , was $ 84.7 million in fiscal 2013 compared to $ 69.0 million in fiscal 2012 . the 22.8 % increase in operating income was primarily due to the improved operating income in corporate and other , lilly pulitzer and tommy bahama , partially offset by

liquidity and capital resources the table below sets forth the amounts outstanding under our financing arrangements ( in thousands ) as of february 1 , 2014 : $ 235 million u.s. secured revolving credit facility ( `` u.s. revolving credit agreement '' ) $ 137,592 £7 million senior secured revolving credit facility ( `` u.k. revolving credit agreement '' ) 3,993 total debt 141,585 short-term debt ( 3,993 ) long-term debt $ 137,592 the u.s. revolving credit agreement , entered into in june 2012 and amended in november 2013 , amended and restated our prior $ 175 million u.s. revolving credit facility . the u.s. revolving credit agreement generally ( i ) is limited to a borrowing base consisting of specified percentages of eligible categories of assets ; ( ii ) accrues variable-rate interest ( 2.1 % as of february 1 , 2014 ) , unused line fees and letter of credit fees based upon a pricing grid which is tied to average unused availability and or utilization ; ( iii ) requires periodic interest payments with principal due at maturity ( november 2018 ) ; and ( iv ) is generally secured by a first priority security interest in the accounts receivable , inventory , general intangibles and eligible 58 trademarks , investment property ( including the equity interests of certain subsidiaries ) , deposit accounts , intercompany obligations , equipment , goods , documents , contracts , books and records and other personal property of oxford industries , inc. and substantially all of its domestic subsidiaries . the u.s. revolving credit agreement was amended in november 2013 primarily to ( 1 ) extend the maturity date of the facility from june 2017 to november 2018 , ( 2 ) reduce the applicable margin ( by 25 to 50 basis points , depending on excess availability under the facility at the time of determination ) used to determine the applicable interest rate ( s ) ; and ( 3 ) modify certain other provisions and restrictions under the u.s. revolving credit agreement in a manner that is more favorable to and or less restrictive on us .


 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 the table below sets forth the amounts outstanding under our financing arrangements ( in thousands ) as of february 1 , 2014 : $ 235 million u.s. secured revolving credit facility ( `` u.s. revolving credit agreement '' ) $ 137,592 £7 million senior secured revolving credit facility ( `` u.k. revolving credit agreement '' ) 3,993 total debt 141,585 short-term debt ( 3,993 ) long-term debt $ 137,592 the u.s. revolving credit agreement , entered into in june 2012 and amended in november 2013 , amended and restated our prior $ 175 million u.s. revolving credit facility . the u.s. revolving credit agreement generally ( i ) is limited to a borrowing base consisting of specified percentages of eligible categories of assets ; ( ii ) accrues variable-rate interest ( 2.1 % as of february 1 , 2014 ) , unused line fees and letter of credit fees based upon a pricing grid which is tied to average unused availability and or utilization ; ( iii ) requires periodic interest payments with principal due at maturity ( november 2018 ) ; and ( iv ) is generally secured by a first priority security interest in the accounts receivable , inventory , general intangibles and eligible 58 trademarks , investment property ( including the equity interests of certain subsidiaries ) , deposit accounts , intercompany obligations , equipment , goods , documents , contracts , books and records and other personal property of oxford industries , inc. and substantially all of its domestic subsidiaries . the u.s. revolving credit agreement was amended in november 2013 primarily to ( 1 ) extend the maturity date of the facility from june 2017 to november 2018 , ( 2 ) reduce the applicable margin ( by 25 to 50 basis points , depending on excess availability under the facility at the time of determination ) used to determine the applicable interest rate ( s ) ; and ( 3 ) modify certain other provisions and restrictions under the u.s. revolving credit agreement in a manner that is more favorable to and or less restrictive on us .
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 Suspicious Activity Report : we believe that we must continue to invest in our tommy bahama and lilly pulitzer lifestyle brands in order to take advantage of their long-term growth opportunities . investments include capital expenditures primarily related to the direct to consumer operations such as retail store build-out and distribution center and technology enhancements as well as increased employment , advertising and other costs in key functions to provide future net sales growth and support the ongoing business operations . we expect that the investments will continue to put downward pressure on our operating margins in the near future until we have sufficient sales to leverage the operating costs . we believe that there are opportunities for modest sales growth for lanier clothes through new product programs , including pants ; however , we also believe that the tailored clothing environment will continue to be very challenging , which may negatively impact net sales , operating income and operating margin . the ben sherman lifestyle brand has faced challenges in recent years with sales and operating results on a downward trajectory . during fiscal 2013 , we appointed a new ceo and strengthened the management team of the brand , refocused the business on its core consumer , reduced operating expenses and improved the operation of the ben sherman retail stores . much work remains to generate satisfactory financial results in the long-term ; however , we believe , as a result of these actions , that ben sherman has ample opportunities to increase sales and thereby generate significantly improved operating results in the future . we continue to believe that it is important to maintain a strong balance sheet and liquidity . we believe that our positive cash flow from operations coupled with the strength of our balance sheet and liquidity will provide us with ample resources to fund future investments in our lifestyle brands . in the future , we may add additional lifestyle brands to our portfolio , if we 37 identify appropriate targets which meet our investment criteria ; however , we believe that we have significant opportunities to appropriately deploy our capital and resources in our existing lifestyle brands . the following table sets forth our consolidated operating results ( in thousands , except per share amounts ) for the 52-week fiscal 2013 compared to the 53-week fiscal 2012 : replace_table_token_19_th the primary reasons for the higher earnings in fiscal 2013 were : net sales increases in excess of 10 % in both the tommy bahama and lilly pulitzer operating groups ; fiscal 2012 including a charge of $ 9.1 million related to a loss on the repurchase of senior notes , which resulted from our july 2012 redemption of the remaining $ 105 million in aggregate principal amount of our 11.375 % senior secured notes ( `` senior secured notes `` ) primarily using borrowings under our u.s. revolving credit agreement , with no loss on repurchase of senior notes in fiscal 2013 ; a $ 6.0 million reduction in the charge for the change in the fair value of contingent consideration in fiscal 2013 ; a $ 4.8 million reduction in interest expense in fiscal 2013 to $ 4.2 million primarily due to our borrowing at lower interest rates for the first half of fiscal 2013 compared to the first half of fiscal 2012 as a result of our july 2012 senior secured notes redemption ; a $ 4.1 million reduction in the lifo accounting charge in fiscal 2013 as there was no significant lifo accounting impact in fiscal 2013 ; sg & a reductions in ben sherman , primarily due to certain cost savings initiatives , and corporate and other , primarily due to lower incentive compensation amounts earned ; and fiscal 2013 including a $ 1.6 million gain on the sale of property and equipment . these items were partially offset by : an increase in sg & a for tommy bahama and lilly pulitzer which was primarily due to $ 30.8 million of incremental sg & a associated with the operation of retail stores opened in fiscal 2013 and fiscal 2012 and other sg & a increases to support the growing tommy bahama and lilly pulitzer businesses ; a $ 14.7 million decrease in net sales in ben sherman ; our effective tax rate increasing to 43.7 % in fiscal 2013 compared to 38.5 % in fiscal 2012 ; although both years reflect the unfavorable impact of foreign losses for which we were not able to recognize an income tax benefit and the favorable impact of a decrease in the enacted tax rate in the united kingdom , fiscal 2012 also benefited from certain other favorable discrete items which reduced the effective tax rate ; and $ 2.1 million of charges in the aggregate incurred in fiscal 2013 related to an inventory step-up charge and amortization of intangible assets as a result of our acquisition of the tommy bahama operations in canada in the second quarter of fiscal 2013. operating groups our business is primarily operated through our four operating groups : tommy bahama , lilly pulitzer , lanier clothes and ben sherman . we identify our operating groups based on the way our management organizes the components of our business for purposes of allocating resources and assessing performance . our operating group structure reflects a brand-focused 38 management approach , emphasizing operational coordination and resource allocation across each brand 's direct to consumer , wholesale and licensing operations . tommy bahama designs , sources , markets and distributes men 's and women 's sportswear and related products . the target consumers of tommy bahama are primarily affluent men and women age 35 and older who embrace a relaxed and casual approach to daily living . tommy bahama products can be found in our tommy bahama stores and on our tommy bahama e-commerce website , tommybahama.com , as well as in better department stores and independent specialty stores throughout the united states . story_separator_special_tag corporate and other : the gross profit in corporate and other in each period primarily reflects the impact on gross profit of our oxford golf and lyons , georgia distribution center operations and the impact of lifo accounting adjustments . the increase in the gross profit for corporate and other was primarily due to ( 1 ) fiscal 2012 being impacted by a $ 4.0 million lifo accounting charge with no significant lifo accounting charge in fiscal 2013 and ( 2 ) higher sales and gross margin in the oxford golf business in fiscal 2013 . sg & a replace_table_token_28_th the increase in sg & a was primarily due to ( 1 ) $ 30.8 million of incremental sg & a in fiscal 2013 associated with operating additional tommy bahama retail stores and restaurants and lilly pulitzer retail stores and ( 2 ) higher costs to support the growing tommy bahama and lilly pulitzer businesses . the increases in sg & a for tommy bahama and lilly pulitzer were partially offset by sg & a reductions in ben sherman and corporate and other . sg & a for fiscal 2012 was unfavorably impacted by the inclusion of a 53rd week , which we estimate resulted in an additional $ 7 million of sg & a . further , sg & a was impacted by $ 7.2 million reduction in incentive compensation in fiscal 2013 as compared to fiscal 2012 , primarily reflecting lower incentive compensation for both tommy bahama and corporate and other . sg & a included $ 2.2 million of amortization of intangible assets in fiscal 2013 compared to $ 1.0 million in fiscal 2012 with the increase primarily being $ 1.4 million of amortization associated with the intangible assets acquired as part of the tommy bahama canada acquisition . we anticipate that amortization of intangible assets for fiscal 2014 will be approximately $ 2.5 million with approximately $ 2.0 million of the amortization reflecting amortization of the intangible assets acquired as part of the tommy bahama canada acquisition . change in fair value of contingent consideration fiscal 2013 fiscal 2012 $ change % change change in fair value of contingent consideration included in lilly pulitzer $ 275 $ 6,285 $ ( 6,010 ) ( 95.6 ) % in connection with our acquisition of the lilly pulitzer brand and operations in fiscal 2010 , we entered into a contingent consideration agreement with the sellers , under which we are obligated to pay certain contingent consideration amounts based on the achievement of certain performance criteria by our lilly pulitzer operating group , which payments may be as much as $ 20 million in the aggregate over the four years subsequent to the acquisition . in accordance with gaap , we have recognized a liability in our consolidated balance sheets for the fair value of this liability at each balance sheet date . generally , this liability increases in fair value as we approach the date of anticipated payment , resulting in a charge to our consolidated statements of earnings during that period . further , if we determine that the probability of the amounts being earned changes , it would impact our assessment of the fair value in our consolidated balance sheet , resulting in a charge or 44 income in our consolidated statement of earnings at that time . thus , change in fair value of contingent consideration reflects the current period impact of the change in the fair value of any contingent consideration obligations . the $ 6.0 million decrease in the charge for the change in fair value of contingent consideration during fiscal 2013 was primarily a result of fiscal 2012 including a a significant increase in the fair value of the contingent consideration , while fiscal 2013 generally only reflected the passage of time as we approach the anticipated payments . during fiscal 2012 , we increased the fair value of the contingent consideration by $ 6.3 million to reflect not only the passage of time , but also our determination that the certainty of the payment of the contingent consideration related to the lilly pulitzer acquisition was more probable than we had determined in prior years based on our consideration of , among other things , ( 1 ) the fiscal 2011 and fiscal 2012 operating results of the lilly pulitzer operating group , ( 2 ) projected operating results for lilly pulitzer for fiscal 2013 and fiscal 2014 , ( 3 ) the operating results criteria for the fiscal 2013 and fiscal 2014 amounts to be earned and ( 4 ) the shorter remaining term of the contingent consideration agreement . we anticipate that the change in contingent consideration for fiscal 2014 will be approximately $ 0.3 million . royalties and other operating income fiscal 2013 fiscal 2012 $ change % change royalties and other operating income $ 19,016 $ 16,436 $ 2,580 15.7 % gain on sale of real estate included in corporate and other $ 1,611 $ — royalties and other operating income in fiscal 2013 increased by $ 2.6 million primarily due to ( 1 ) fiscal 2013 including a gain on sale of real estate of $ 1.6 million , ( 2 ) higher royalty income for both tommy bahama and lilly pulitzer and ( 3 ) higher other income in corporate and other . these increases were partially offset by lower royalty income for ben sherman in fiscal 2013 . royalty and other operating income primarily consists of royalty income received from third parties from the licensing of our tommy bahama , ben sherman and lilly pulitzer brands . operating income ( loss ) replace_table_token_29_th operating income , on a consolidated basis , was $ 84.7 million in fiscal 2013 compared to $ 69.0 million in fiscal 2012 . the 22.8 % increase in operating income was primarily due to the improved operating income in corporate and other , lilly pulitzer and tommy bahama , partially offset by

