the company 's earnings from operations and net earnings in the 2012 fiscal year were also reduced by the pre-tax charge of $ 1.3 million recorded 27 by the company in the 2012 fiscal year fourth quarter in connection with the closing of its pacm business unit located in waterbury , connecticut . in the 2012 fiscal year second quarter , the company recognized a pre-tax gain of $ 1.6 million resulting from the settlement of a lawsuit for an insurance claim for business interruption at the company 's neltec , inc. business unit in tempe , arizona in the 2003 fiscal year caused by the explosion and resulting destruction of a treater at the company 's business unit in singapore and the settlement of a lawsuit pertaining to defective equipment purchased by the company 's patc business unit in newton , kansas . the company 's net earnings in the 2012 fiscal year were lower than in the 2011 fiscal year primarily as a result of the lower earnings from operations in the 2012 fiscal year than in the 2011 fiscal year , which were only partially offset by the litigation settlement gain , described above , realized by the company in the 2012 fiscal year and the lower income tax provision in the 2012 fiscal year than in the 2011 fiscal year . the increase in the company 's total net sales in the 2011 fiscal year compared to the 2010 fiscal year resulted in higher earnings from operations in the 2011 fiscal year than in the 2010 fiscal year , as the company 's gross profit margin , measured as a percentage of sales , improved to 33.0 % in the 2011 fiscal year compared to 29.4 % in the 2010 fiscal year . the company 's operating and earnings performance during the 2011 fiscal year also benefited from the higher percentage of sales of higher margin , high performance printed circuit materials during the 2011 fiscal year . however , the company 's operating and earnings performances were adversely affected by losses incurred at the company 's patc business unit in newton , kansas in the 2011 fiscal year as well as in the 2010 fiscal year . the company 's earnings from operations in the 2011 fiscal year were also reduced by the pre-tax charge of $ 1.3 million recorded by the company in the three-month period ended november 28 , 2010 related to the closure , in january of 2009 , of the operations of neltec europe sas , the company 's digital electronic materials business unit located in mirebeau , france . the company 's net earnings in the 2011 fiscal year were substantially higher than its net earnings in the 2010 fiscal year as a result of the company 's strong operating performance in the 2011 fiscal year and despite the aforementioned $ 1.3 million charge and despite the higher income tax provision in the 2011 fiscal year than in the 2010 fiscal year . the company 's net earnings for the 2010 fiscal year were impacted by a tax benefit of $ 3.1 million for the reduction of certain deferred tax liabilities in singapore related to a temporary tax incentive for offshore interest repatriation and by a charge of $ 1.2 million of additional tax reserves in the united states , both recorded in the fourth quarter of the 2010 fiscal year . such earnings were also impacted by a $ 0.9 million tax benefit primarily for a retroactive extension of a development and expansion tax incentive in singapore , recorded in the third quarter of the 2010 fiscal year . the markets in north america , asia and europe for the company 's printed circuit materials products strengthened in the 2010 fiscal year third and fourth quarters after prevailing weakness in the 2010 fiscal year first and second quarters , and such strength continued in the 2011 fiscal year but dissipated in the 2012 fiscal year . 28 the markets for the company 's advanced composite materials , parts and assemblies products were weak during the 2010 fiscal year but showed some small signs of improvement during the 2011 and 2012 fiscal years . the global markets for the company 's printed circuit materials products continue to be very difficult to forecast , and it is not clear to the company what the condition of the global markets for the company 's printed circuit materials products will be in the 2013 fiscal year . further , the company is not able to predict the impact the current global economic and financial conditions will have on the markets for its aerospace composite materials , parts and assemblies products in the 2013 fiscal year . in the 2012 fiscal year third quarter , the company completed a major expansion of its aerospace composite materials development and manufacturing facility in kansas in order to manufacture aerospace composite parts and assemblies . the expansion includes approximately 37,000 square feet of manufacturing and storage space , and the company spent approximately $ 5 million on the facility expansion and equipment . while the company continues to invest in its business , it also has made adjustments to certain of its operations , which resulted in workforce reductions and plant closures . in the 2012 fiscal year fourth quarter , the company announced that its pacm facility , located in waterbury , connecticut , would be closing its operations after the completion of the transfer of pacm 's aerospace composite materials manufacturing activities to the company 's patc facility located at the newton , kansas airport . the company expects such transfer to be completed in the second quarter of the 2013 fiscal year . story_separator_special_tag the company 's earnings from operations in the 2011 fiscal year were adversely affected by the pre-tax charge of $ 1.3 million recorded by the company in the three-month period ended november 28 , 2010 related to the closure , in january of 2009 , of the operations of neltec europe sas , the company 's printed circuit materials business unit located in mirebeau , 33 france , and the company 's net earnings in the 2011 fiscal year were adversely affected by such charge and by the higher income tax provision in the 2011 fiscal year than in the 2010 fiscal year . the company 's net earnings for the 2010 fiscal year were impacted by a tax benefit of $ 3.1 million for the reduction of certain deferred tax liabilities in singapore related to a temporary tax incentive for offshore interest repatriation and by a charge of $ 1.2 million for additional tax reserves in the united states , both recorded in the fourth quarter of the 2010 fiscal year . such earnings were also impacted by a $ 0.9 million tax benefit primarily for a retroactive extension of a development and expansion tax incentive in singapore , recorded in the third quarter of the 2010 fiscal year . the company 's earnings from operations and net earnings in both the 2011 and 2010 fiscal years were reduced by losses incurred at the company 's patc business unit . results of operations the company 's total net sales worldwide for the fiscal year ended february 27 , 2011 increased 20 % to $ 211.7 million from $ 175.7 million for the fiscal year ended february 28 , 2010. the increase in net sales was the result of higher unit volumes of printed circuit materials products shipped by the company 's operations in north america , asia and europe . total net sales of the company 's advanced composite materials , parts and assemblies products increased to $ 23.3 million in the 2011 fiscal year from $ 23.2 million in the 2010 fiscal year and comprised 11 % and 13 % , respectively , of the company 's total net sales worldwide in the 2011 and 2010 fiscal years . the company 's foreign sales were $ 112.8 million , or 53 % of the company 's total net sales worldwide , during the 2011 fiscal year , compared to $ 88.3 million of sales , or 50 % of total net sales worldwide , during the 2010 fiscal year and 48 % of total net sales worldwide during the 2009 fiscal year . the company 's foreign sales during the 2011 fiscal year increased 28 % from the 2010 fiscal year primarily as a result of increases in sales in europe and asia . for the fiscal year ended february 27 , 2011 , the company 's sales in north america , asia and europe were 47 % , 43 % and 10 % , respectively , of the company 's total net sales worldwide compared to 50 % , 40 % and 10 % , respectively , for the fiscal year ended february 28 , 2010. the company 's sales in north america increased 18 % , its sales in asia increased 41 % and its sales in europe increased 32 % in the 2011 fiscal year compared to the 2010 fiscal year . the gross profit as a percentage of net sales for the company 's worldwide operations improved to 33.0 % during the 2011 fiscal year compared to 29.4 % during the 2010 fiscal year . the improvement in the gross profit margin was attributable primarily to operating efficiencies resulting from the higher total net sales in the 2011 fiscal year as well as to the higher percentage of sales of higher margin , high performance printed circuit materials products in the 2011 fiscal year . during the fiscal year ended february 27 , 2011 , 74 % of the company 's total net sales worldwide of printed circuit materials consisted of high performance printed circuit materials , compared to 68 % for the 2010 fiscal year . 34 the company 's cost of sales increased by 14 % in the 2011 fiscal year from the 2010 fiscal year as a result of higher sales and higher production volumes in the 2011 fiscal year than in the 2010 fiscal year , but the company 's cost of sales as a percentage of net sales decreased to 67.0 % in the 2011 fiscal year from 70.6 % in the 2010 fiscal year resulting in a gross profit margin increase from 29.4 % to 33.0 % , which was attributable to operating efficiencies resulting from the higher total net sales in the 2011 fiscal year as well as to the higher percentage of sales of higher margin , high performance printed circuit materials products in the 2011 fiscal year than in the 2010 fiscal year . selling , general and administrative expenses increased by $ 3.4 million , or by 14 % , during the 2011 fiscal year compared to the 2010 fiscal year , but these expenses , measured as a percentage of sales , were 13.2 % during the 2011 fiscal year compared to 14.0 % during the 2010 fiscal year . the increase in such expenses in the 2011 fiscal year was attributable primarily to increases in freight costs and commissions , which vary with shipments , and increases in legal fees and expenses . selling , general and administrative expenses included $ 1.0 million for the 2011 fiscal year for stock option expenses compared to $ 1.1 million for the 2010 fiscal year . the company 's earnings from operations in both the 2011 and 2010 fiscal years were reduced by losses incurred at the company 's patc business unit . in the 2011 fiscal year third quarter , the company recorded a pre-tax charge of $ 1.3 million related to the closure

liquidity and capital resources : at february 26 , 2012 , the company 's cash and marketable securities were $ 268.8 million compared to $ 250.4 million at february 27 , 2011 , the end of the company 's 2011 fiscal year . of that $ 268.8 million , approximately $ 198.0 million was owned by certain of the company 's wholly owned foreign subsidiaries . it is the company 's practice and intent to reinvest such cash owned by its foreign subsidiaries in the operations of its foreign subsidiaries or in other foreign activities . the company 's working capital ( which includes cash and marketable securities ) was $ 290.1 million at february 26 , 2012 compared to $ 271.7 million at february 27 , 2011. the increase in working capital at february 26 , 2012 compared to february 27 , 2011 was due principally to the increase in cash and marketable securities , an increase in inventories and decreases in accounts payable , accrued liabilities and income taxes payable partially offset by decreases in accounts receivable and other current assets . the change in cash and marketable securities at february 26 , 2012 compared to february 27 , 2011 was the result of cash provided by operating activities and a number of additional factors , including the following . inventories increased 23 % at february 26 , 2012 compared to february 27 , 2011 primarily due to increases in the quantities of raw materials and finished goods inventories . accounts payable decreased by 15 % at february 26 , 2012 compared to february 27 , 2011 primarily as a result of lower sales and production volumes in the 2012 fiscal year fourth quarter compared to such volumes in the 2011 fiscal year fourth quarter . accrued liabilities were 7 % lower at february 26 , 2012 than at february 27 , 2011 due primarily to lower employee benefits .


 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 : at february 26 , 2012 , the company 's cash and marketable securities were $ 268.8 million compared to $ 250.4 million at february 27 , 2011 , the end of the company 's 2011 fiscal year . of that $ 268.8 million , approximately $ 198.0 million was owned by certain of the company 's wholly owned foreign subsidiaries . it is the company 's practice and intent to reinvest such cash owned by its foreign subsidiaries in the operations of its foreign subsidiaries or in other foreign activities . the company 's working capital ( which includes cash and marketable securities ) was $ 290.1 million at february 26 , 2012 compared to $ 271.7 million at february 27 , 2011. the increase in working capital at february 26 , 2012 compared to february 27 , 2011 was due principally to the increase in cash and marketable securities , an increase in inventories and decreases in accounts payable , accrued liabilities and income taxes payable partially offset by decreases in accounts receivable and other current assets . the change in cash and marketable securities at february 26 , 2012 compared to february 27 , 2011 was the result of cash provided by operating activities and a number of additional factors , including the following . inventories increased 23 % at february 26 , 2012 compared to february 27 , 2011 primarily due to increases in the quantities of raw materials and finished goods inventories . accounts payable decreased by 15 % at february 26 , 2012 compared to february 27 , 2011 primarily as a result of lower sales and production volumes in the 2012 fiscal year fourth quarter compared to such volumes in the 2011 fiscal year fourth quarter . accrued liabilities were 7 % lower at february 26 , 2012 than at february 27 , 2011 due primarily to lower employee benefits .
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 Suspicious Activity Report : the company 's earnings from operations and net earnings in the 2012 fiscal year were also reduced by the pre-tax charge of $ 1.3 million recorded 27 by the company in the 2012 fiscal year fourth quarter in connection with the closing of its pacm business unit located in waterbury , connecticut . in the 2012 fiscal year second quarter , the company recognized a pre-tax gain of $ 1.6 million resulting from the settlement of a lawsuit for an insurance claim for business interruption at the company 's neltec , inc. business unit in tempe , arizona in the 2003 fiscal year caused by the explosion and resulting destruction of a treater at the company 's business unit in singapore and the settlement of a lawsuit pertaining to defective equipment purchased by the company 's patc business unit in newton , kansas . the company 's net earnings in the 2012 fiscal year were lower than in the 2011 fiscal year primarily as a result of the lower earnings from operations in the 2012 fiscal year than in the 2011 fiscal year , which were only partially offset by the litigation settlement gain , described above , realized by the company in the 2012 fiscal year and the lower income tax provision in the 2012 fiscal year than in the 2011 fiscal year . the increase in the company 's total net sales in the 2011 fiscal year compared to the 2010 fiscal year resulted in higher earnings from operations in the 2011 fiscal year than in the 2010 fiscal year , as the company 's gross profit margin , measured as a percentage of sales , improved to 33.0 % in the 2011 fiscal year compared to 29.4 % in the 2010 fiscal year . the company 's operating and earnings performance during the 2011 fiscal year also benefited from the higher percentage of sales of higher margin , high performance printed circuit materials during the 2011 fiscal year . however , the company 's operating and earnings performances were adversely affected by losses incurred at the company 's patc business unit in newton , kansas in the 2011 fiscal year as well as in the 2010 fiscal year . the company 's earnings from operations in the 2011 fiscal year were also reduced by the pre-tax charge of $ 1.3 million recorded by the company in the three-month period ended november 28 , 2010 related to the closure , in january of 2009 , of the operations of neltec europe sas , the company 's digital electronic materials business unit located in mirebeau , france . the company 's net earnings in the 2011 fiscal year were substantially higher than its net earnings in the 2010 fiscal year as a result of the company 's strong operating performance in the 2011 fiscal year and despite the aforementioned $ 1.3 million charge and despite the higher income tax provision in the 2011 fiscal year than in the 2010 fiscal year . the company 's net earnings for the 2010 fiscal year were impacted by a tax benefit of $ 3.1 million for the reduction of certain deferred tax liabilities in singapore related to a temporary tax incentive for offshore interest repatriation and by a charge of $ 1.2 million of additional tax reserves in the united states , both recorded in the fourth quarter of the 2010 fiscal year . such earnings were also impacted by a $ 0.9 million tax benefit primarily for a retroactive extension of a development and expansion tax incentive in singapore , recorded in the third quarter of the 2010 fiscal year . the markets in north america , asia and europe for the company 's printed circuit materials products strengthened in the 2010 fiscal year third and fourth quarters after prevailing weakness in the 2010 fiscal year first and second quarters , and such strength continued in the 2011 fiscal year but dissipated in the 2012 fiscal year . 28 the markets for the company 's advanced composite materials , parts and assemblies products were weak during the 2010 fiscal year but showed some small signs of improvement during the 2011 and 2012 fiscal years . the global markets for the company 's printed circuit materials products continue to be very difficult to forecast , and it is not clear to the company what the condition of the global markets for the company 's printed circuit materials products will be in the 2013 fiscal year . further , the company is not able to predict the impact the current global economic and financial conditions will have on the markets for its aerospace composite materials , parts and assemblies products in the 2013 fiscal year . in the 2012 fiscal year third quarter , the company completed a major expansion of its aerospace composite materials development and manufacturing facility in kansas in order to manufacture aerospace composite parts and assemblies . the expansion includes approximately 37,000 square feet of manufacturing and storage space , and the company spent approximately $ 5 million on the facility expansion and equipment . while the company continues to invest in its business , it also has made adjustments to certain of its operations , which resulted in workforce reductions and plant closures . in the 2012 fiscal year fourth quarter , the company announced that its pacm facility , located in waterbury , connecticut , would be closing its operations after the completion of the transfer of pacm 's aerospace composite materials manufacturing activities to the company 's patc facility located at the newton , kansas airport . the company expects such transfer to be completed in the second quarter of the 2013 fiscal year . story_separator_special_tag the company 's earnings from operations in the 2011 fiscal year were adversely affected by the pre-tax charge of $ 1.3 million recorded by the company in the three-month period ended november 28 , 2010 related to the closure , in january of 2009 , of the operations of neltec europe sas , the company 's printed circuit materials business unit located in mirebeau , 33 france , and the company 's net earnings in the 2011 fiscal year were adversely affected by such charge and by the higher income tax provision in the 2011 fiscal year than in the 2010 fiscal year . the company 's net earnings for the 2010 fiscal year were impacted by a tax benefit of $ 3.1 million for the reduction of certain deferred tax liabilities in singapore related to a temporary tax incentive for offshore interest repatriation and by a charge of $ 1.2 million for additional tax reserves in the united states , both recorded in the fourth quarter of the 2010 fiscal year . such earnings were also impacted by a $ 0.9 million tax benefit primarily for a retroactive extension of a development and expansion tax incentive in singapore , recorded in the third quarter of the 2010 fiscal year . the company 's earnings from operations and net earnings in both the 2011 and 2010 fiscal years were reduced by losses incurred at the company 's patc business unit . results of operations the company 's total net sales worldwide for the fiscal year ended february 27 , 2011 increased 20 % to $ 211.7 million from $ 175.7 million for the fiscal year ended february 28 , 2010. the increase in net sales was the result of higher unit volumes of printed circuit materials products shipped by the company 's operations in north america , asia and europe . total net sales of the company 's advanced composite materials , parts and assemblies products increased to $ 23.3 million in the 2011 fiscal year from $ 23.2 million in the 2010 fiscal year and comprised 11 % and 13 % , respectively , of the company 's total net sales worldwide in the 2011 and 2010 fiscal years . the company 's foreign sales were $ 112.8 million , or 53 % of the company 's total net sales worldwide , during the 2011 fiscal year , compared to $ 88.3 million of sales , or 50 % of total net sales worldwide , during the 2010 fiscal year and 48 % of total net sales worldwide during the 2009 fiscal year . the company 's foreign sales during the 2011 fiscal year increased 28 % from the 2010 fiscal year primarily as a result of increases in sales in europe and asia . for the fiscal year ended february 27 , 2011 , the company 's sales in north america , asia and europe were 47 % , 43 % and 10 % , respectively , of the company 's total net sales worldwide compared to 50 % , 40 % and 10 % , respectively , for the fiscal year ended february 28 , 2010. the company 's sales in north america increased 18 % , its sales in asia increased 41 % and its sales in europe increased 32 % in the 2011 fiscal year compared to the 2010 fiscal year . the gross profit as a percentage of net sales for the company 's worldwide operations improved to 33.0 % during the 2011 fiscal year compared to 29.4 % during the 2010 fiscal year . the improvement in the gross profit margin was attributable primarily to operating efficiencies resulting from the higher total net sales in the 2011 fiscal year as well as to the higher percentage of sales of higher margin , high performance printed circuit materials products in the 2011 fiscal year . during the fiscal year ended february 27 , 2011 , 74 % of the company 's total net sales worldwide of printed circuit materials consisted of high performance printed circuit materials , compared to 68 % for the 2010 fiscal year . 34 the company 's cost of sales increased by 14 % in the 2011 fiscal year from the 2010 fiscal year as a result of higher sales and higher production volumes in the 2011 fiscal year than in the 2010 fiscal year , but the company 's cost of sales as a percentage of net sales decreased to 67.0 % in the 2011 fiscal year from 70.6 % in the 2010 fiscal year resulting in a gross profit margin increase from 29.4 % to 33.0 % , which was attributable to operating efficiencies resulting from the higher total net sales in the 2011 fiscal year as well as to the higher percentage of sales of higher margin , high performance printed circuit materials products in the 2011 fiscal year than in the 2010 fiscal year . selling , general and administrative expenses increased by $ 3.4 million , or by 14 % , during the 2011 fiscal year compared to the 2010 fiscal year , but these expenses , measured as a percentage of sales , were 13.2 % during the 2011 fiscal year compared to 14.0 % during the 2010 fiscal year . the increase in such expenses in the 2011 fiscal year was attributable primarily to increases in freight costs and commissions , which vary with shipments , and increases in legal fees and expenses . selling , general and administrative expenses included $ 1.0 million for the 2011 fiscal year for stock option expenses compared to $ 1.1 million for the 2010 fiscal year . the company 's earnings from operations in both the 2011 and 2010 fiscal years were reduced by losses incurred at the company 's patc business unit . in the 2011 fiscal year third quarter , the company recorded a pre-tax charge of $ 1.3 million related to the closure

