fiscal 2016a look at the upcoming year entering 2016 we remain cautious with our expectations . our focus will be on continued execution of our core strategies as well as strategic investments centered on long-term quality growth . these investments will be largely focused on continued store growth , both domestically and international , the roll-out of our new customer engagement suite and continued investments in our people through acquisition , retention , and statutory wage increases around the country . as we are closer to our targeted number of stores in north america , we expect that store growth in fiscal 2016 will be less than in fiscal 2015 with an estimated 34 stores opening during the fiscal year compared with 57 stores in fiscal 2015. this includes 7 additional stores in europe , an increase from the 6 stores added in 2015. in 2016 we will invest in the roll-out of our customer engagement suite focused on 27 integrating our on-line and in-store point of sale ( pos ) systems , order management system ( oms ) , and transportation management system ( tms ) improving our efficiency and further enhancing our omni-channel capabilities . in fiscal 2016 , excluding 2015 costs associated with the acquisition of blue tomato and one-time costs associated with the closing of our kansas facility , we expect our cost structure will grow at a higher rate than 2015. we anticipate inventory levels per square foot to be flat or grow slightly . excluding any possible share buy-backs , we expect cash , short-term investments and working capital to increase , and do not anticipate any new borrowings during the year . long-term we aim to grow sales annually and grow operating profit at a faster rate than sales by focusing on the changing consumer environment while managing our cost structure . general net sales constitute gross sales ( net of actual and estimated returns and deductions for promotions ) and shipping revenue . net sales include our store sales and our ecommerce sales . we record the sale of gift cards as a current liability and recognize revenue when a customer redeems a gift card . additionally , the portion of gift cards that will not be redeemed ( gift card breakage ) is recognized in net sales after 24 months , at which time the likelihood of redemption is considered remote based on our historical redemption data . we report comparable sales based on net sales beginning on the first anniversary of the first day of operation of a new store or ecommerce business . we operate a sales strategy that integrates our stores with our ecommerce platform . there is significant interaction between our store sales and our ecommerce sales channels and we believe that they are utilized in tandem to serve our customers . therefore , our comparable sales also include our ecommerce sales . changes in our comparable sales between two periods are based on net sales of store or ecommerce businesses which were in operation during both of the two periods being compared and , if a store or ecommerce business is included in the calculation of comparable sales for only a portion of one of the two periods being compared , then that store or ecommerce business is included in the calculation for only the comparable portion of the other period . any change in square footage of an existing comparable store , including remodels and relocations , does not eliminate that store from inclusion in the calculation of comparable sales . any store or ecommerce business that we acquire will be included in the calculation of comparable sales after the first anniversary of the acquisition date . current year foreign exchange rates are applied to both current year and prior year comparable sales to achieve a consistent basis for comparison . there may be variations in the way in which some of our competitors and other apparel retailers calculate comparable sales . as a result , data herein regarding our comparable sales may not be comparable to similar data made available by our competitors or other retailers . cost of goods sold consists of branded merchandise costs and our private label merchandise costs including design , sourcing , importing and inbound freight costs . our cost of goods sold also includes shrinkage , buying , occupancy , ecommerce fulfillment , distribution and warehousing costs ( including associated depreciation ) and freight costs for store merchandise transfers . this may not be comparable to the way in which our competitors or other retailers compute their cost of goods sold . cash consideration received from vendors is reported as a reduction of cost of goods sold if the inventory has sold , a reduction of the carrying value of the inventory if the inventory is still on hand , or a reduction of selling , general and administrative expense if the amounts are reimbursements of specific , incremental and identifiable costs of selling the vendors ' products . with respect to the freight component of our ecommerce sales , amounts billed to our customers are included in net sales and the related freight cost is charged to cost of goods sold . selling , general and administrative expenses consist primarily of store personnel wages and benefits , administrative staff and infrastructure expenses , freight costs for merchandise shipments from the distribution centers to the stores , store supplies , depreciation on fixed assets at our home office and stores , facility expenses , training expenses and advertising and marketing costs . credit card fees , insurance , public company expenses , legal expenses , amortization of intangibles , and other miscellaneous operating costs are also included in selling , 28 general and administrative expenses . this may not be comparable to the way in which our competitors or other retailers compute their selling , general and administrative expenses . story_separator_special_tag our fixed assets accounting methodology contains uncertainties because it requires management to make estimates with respect to the useful lives of our fixed assets that we believe are reasonable . we do not believe there is a reasonable likelihood that there will be a material change in the estimates or assumptions we use to calculate fixed asset impairment losses . however , if actual results are not consistent with our estimates and assumptions , our operating results could be adversely affected . declines in projected cash flow of the assets could result in impairment . although management believes that the current useful life estimates assigned to our fixed assets are reasonable , factors could cause us to change our estimates , thus affecting the future calculation of depreciation . 36 description judgments and uncertainties effect if actual results differ from assumptions revenue recognition revenue is recognized upon purchase at our retail store locations . for our ecommerce sales , revenue is recognized upon delivery to the customer . revenue is recorded net of sales returns and deductions for promotions . revenue is not recorded on the sale of gift cards . we record the sale of gift cards as a current liability and recognize revenue when a customer redeems a gift card . additionally , the portion of gift cards that will not be redeemed ( gift card breakage ) is recognized in net sales after 24 months , at which time the likelihood of redemption is considered remote based on our historical redemption data . our revenue recognition accounting methodology contains uncertainties because it requires management to make assumptions regarding delivery to our customers , future sales returns and the amount and timing of gift cards projected to be redeemed by gift card recipients . our estimate of the amount and timing of sales returns and gift cards to be redeemed is based primarily on historical transaction experience . we have not made any material changes in the accounting methodology used to measure future sales returns or recognize revenue for our gift card program in the past three fiscal years . we do not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions we use to recognize revenue . however , if actual results are not consistent with our estimates or assumptions , we may be exposed to losses or gains that could be material . a 10 % increase in our sales return reserve at january 30 , 2016 would have decreased net income by $ 0.1 million in fiscal 2015. a 10 % increase in our unredeemed gift card breakage life at january 30 , 2016 would have decreased net income by $ 0.5 million in fiscal 2015. stock-based compensation we grant restricted stock awards , restricted stock units and non-qualified stock options to employees and non-employee directors . we determine the fair value of our restricted stock awards and restricted stock units based on the closing market price of our stock on the grant date . in determining the fair value of our stock options , we use the black-scholes option pricing model . the estimated fair value of stock-based awards is recognized as compensation expense over the vesting period , net of estimated forfeitures . the calculation of stock-based compensation expense requires management to make assumptions and to apply judgment to estimate the number of stock awards that will ultimately vest and to determine the fair value of our stock option awards . these assumptions and judgments include estimating future employee turnover rates and the inputs to the black-scholes option pricing model , including expected term . changes in these assumptions can materially affect our stock-based compensation expense . we do not believe there is a reasonable likelihood there will be a material change in the future estimates or assumptions we use to determine stock-based compensation expense . however , if actual results are not consistent with our estimates or assumptions , we may be exposed to changes in stock-based compensation expense that could be material . 37 description judgments and uncertainties effect if actual results differ from assumptions accounting for income taxes as part of the process of preparing the consolidated financial statements , income taxes are estimated for each of the jurisdictions in which we operate . this process involves estimating actual current tax exposure together with assessing temporary differences resulting from differing treatment of items for tax and accounting purposes . these differences result in deferred tax assets and liabilities , which are included on the consolidated balance sheets . valuation allowances may be established when necessary to reduce deferred tax assets to the amount expected to be realized . we regularly evaluate the likelihood of realizing the benefit for income tax positions we have taken in various federal , state and foreign filings by considering all relevant facts , circumstances and information available to us . if we believe it is more likely than not that our position will be sustained , we recognize a benefit at the largest amount that we believe is cumulatively greater than 50 % likely to be realized . significant judgment is required in evaluating our tax positions and determining our provision for income taxes . during the ordinary course of business , there are many transactions and calculations for which the ultimate tax determination is uncertain . for example , our effective tax rates could be adversely affected by earnings being lower than anticipated in jurisdictions where we have lower statutory rates and higher than anticipated in jurisdictions where we have higher statutory rates , by changes in the valuation of our deferred tax assets and liabilities or by changes in the relevant tax , accounting and other laws , regulations , principles and interpretations . unrecognized tax benefits require significant management judgment regarding applicable statutes and their related interpretation and our particular facts and circumstances . although management believes that the income tax related

liquidity and capital resources our primary uses of cash are for operational expenditures , inventory purchases and capital investments , including new stores , store remodels , store relocations , store fixtures and ongoing infrastructure improvements . additionally , we may use cash for the repurchase of our common stock . refer to note 12 , stockholders ' equity of the notes to consolidated financial statements for further discussion of the repurchase plan . historically , our main source of liquidity has been cash flows from operations . the significant components of our working capital are inventories and liquid assets such as cash , cash equivalents , current marketable securities and receivables , reduced by accounts payable and accrued expenses . our working capital position benefits from the fact that we generally collect cash from sales to customers the same day or within several days of the related sale , while we typically have longer payment terms with our vendors . at january 30 , 2016 and january 31 , 2015 , cash , cash equivalents and current marketable securities were $ 75.6 million and $ 154.6 million . working capital , the excess of current assets over current liabilities , was $ 129.8 million at the end of fiscal 2015 , a decrease of 32.2 % from $ 191.4 million at the end of fiscal 2014. the decrease in cash , cash equivalents and current marketable securities in fiscal 2015 were due primarily to the 32 $ 92.2 million repurchase of common stock and $ 34.8 million of capital expenditures primarily related to the opening of 57 new stores in fiscal 2015 and 19 remodels and relocations , partially offset by cash provided by operating activities of $ 48.6 million . the following table summarizes our cash flows from operating , investing and financing activities ( in thousands ) : replace_table_token_11_th operating activities net cash provided by operating activities decreased by $ 41.3 million in fiscal 2015 to $ 48.6 million from $ 89.9 million in fiscal 2014. net cash provided by operating activities increased by $ 23.0 million in fiscal 2014 to $ 89.9 million from $ 66.9


 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 our primary uses of cash are for operational expenditures , inventory purchases and capital investments , including new stores , store remodels , store relocations , store fixtures and ongoing infrastructure improvements . additionally , we may use cash for the repurchase of our common stock . refer to note 12 , stockholders ' equity of the notes to consolidated financial statements for further discussion of the repurchase plan . historically , our main source of liquidity has been cash flows from operations . the significant components of our working capital are inventories and liquid assets such as cash , cash equivalents , current marketable securities and receivables , reduced by accounts payable and accrued expenses . our working capital position benefits from the fact that we generally collect cash from sales to customers the same day or within several days of the related sale , while we typically have longer payment terms with our vendors . at january 30 , 2016 and january 31 , 2015 , cash , cash equivalents and current marketable securities were $ 75.6 million and $ 154.6 million . working capital , the excess of current assets over current liabilities , was $ 129.8 million at the end of fiscal 2015 , a decrease of 32.2 % from $ 191.4 million at the end of fiscal 2014. the decrease in cash , cash equivalents and current marketable securities in fiscal 2015 were due primarily to the 32 $ 92.2 million repurchase of common stock and $ 34.8 million of capital expenditures primarily related to the opening of 57 new stores in fiscal 2015 and 19 remodels and relocations , partially offset by cash provided by operating activities of $ 48.6 million . the following table summarizes our cash flows from operating , investing and financing activities ( in thousands ) : replace_table_token_11_th operating activities net cash provided by operating activities decreased by $ 41.3 million in fiscal 2015 to $ 48.6 million from $ 89.9 million in fiscal 2014. net cash provided by operating activities increased by $ 23.0 million in fiscal 2014 to $ 89.9 million from $ 66.9
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 Suspicious Activity Report : fiscal 2016a look at the upcoming year entering 2016 we remain cautious with our expectations . our focus will be on continued execution of our core strategies as well as strategic investments centered on long-term quality growth . these investments will be largely focused on continued store growth , both domestically and international , the roll-out of our new customer engagement suite and continued investments in our people through acquisition , retention , and statutory wage increases around the country . as we are closer to our targeted number of stores in north america , we expect that store growth in fiscal 2016 will be less than in fiscal 2015 with an estimated 34 stores opening during the fiscal year compared with 57 stores in fiscal 2015. this includes 7 additional stores in europe , an increase from the 6 stores added in 2015. in 2016 we will invest in the roll-out of our customer engagement suite focused on 27 integrating our on-line and in-store point of sale ( pos ) systems , order management system ( oms ) , and transportation management system ( tms ) improving our efficiency and further enhancing our omni-channel capabilities . in fiscal 2016 , excluding 2015 costs associated with the acquisition of blue tomato and one-time costs associated with the closing of our kansas facility , we expect our cost structure will grow at a higher rate than 2015. we anticipate inventory levels per square foot to be flat or grow slightly . excluding any possible share buy-backs , we expect cash , short-term investments and working capital to increase , and do not anticipate any new borrowings during the year . long-term we aim to grow sales annually and grow operating profit at a faster rate than sales by focusing on the changing consumer environment while managing our cost structure . general net sales constitute gross sales ( net of actual and estimated returns and deductions for promotions ) and shipping revenue . net sales include our store sales and our ecommerce sales . we record the sale of gift cards as a current liability and recognize revenue when a customer redeems a gift card . additionally , the portion of gift cards that will not be redeemed ( gift card breakage ) is recognized in net sales after 24 months , at which time the likelihood of redemption is considered remote based on our historical redemption data . we report comparable sales based on net sales beginning on the first anniversary of the first day of operation of a new store or ecommerce business . we operate a sales strategy that integrates our stores with our ecommerce platform . there is significant interaction between our store sales and our ecommerce sales channels and we believe that they are utilized in tandem to serve our customers . therefore , our comparable sales also include our ecommerce sales . changes in our comparable sales between two periods are based on net sales of store or ecommerce businesses which were in operation during both of the two periods being compared and , if a store or ecommerce business is included in the calculation of comparable sales for only a portion of one of the two periods being compared , then that store or ecommerce business is included in the calculation for only the comparable portion of the other period . any change in square footage of an existing comparable store , including remodels and relocations , does not eliminate that store from inclusion in the calculation of comparable sales . any store or ecommerce business that we acquire will be included in the calculation of comparable sales after the first anniversary of the acquisition date . current year foreign exchange rates are applied to both current year and prior year comparable sales to achieve a consistent basis for comparison . there may be variations in the way in which some of our competitors and other apparel retailers calculate comparable sales . as a result , data herein regarding our comparable sales may not be comparable to similar data made available by our competitors or other retailers . cost of goods sold consists of branded merchandise costs and our private label merchandise costs including design , sourcing , importing and inbound freight costs . our cost of goods sold also includes shrinkage , buying , occupancy , ecommerce fulfillment , distribution and warehousing costs ( including associated depreciation ) and freight costs for store merchandise transfers . this may not be comparable to the way in which our competitors or other retailers compute their cost of goods sold . cash consideration received from vendors is reported as a reduction of cost of goods sold if the inventory has sold , a reduction of the carrying value of the inventory if the inventory is still on hand , or a reduction of selling , general and administrative expense if the amounts are reimbursements of specific , incremental and identifiable costs of selling the vendors ' products . with respect to the freight component of our ecommerce sales , amounts billed to our customers are included in net sales and the related freight cost is charged to cost of goods sold . selling , general and administrative expenses consist primarily of store personnel wages and benefits , administrative staff and infrastructure expenses , freight costs for merchandise shipments from the distribution centers to the stores , store supplies , depreciation on fixed assets at our home office and stores , facility expenses , training expenses and advertising and marketing costs . credit card fees , insurance , public company expenses , legal expenses , amortization of intangibles , and other miscellaneous operating costs are also included in selling , 28 general and administrative expenses . this may not be comparable to the way in which our competitors or other retailers compute their selling , general and administrative expenses . story_separator_special_tag our fixed assets accounting methodology contains uncertainties because it requires management to make estimates with respect to the useful lives of our fixed assets that we believe are reasonable . we do not believe there is a reasonable likelihood that there will be a material change in the estimates or assumptions we use to calculate fixed asset impairment losses . however , if actual results are not consistent with our estimates and assumptions , our operating results could be adversely affected . declines in projected cash flow of the assets could result in impairment . although management believes that the current useful life estimates assigned to our fixed assets are reasonable , factors could cause us to change our estimates , thus affecting the future calculation of depreciation . 36 description judgments and uncertainties effect if actual results differ from assumptions revenue recognition revenue is recognized upon purchase at our retail store locations . for our ecommerce sales , revenue is recognized upon delivery to the customer . revenue is recorded net of sales returns and deductions for promotions . revenue is not recorded on the sale of gift cards . we record the sale of gift cards as a current liability and recognize revenue when a customer redeems a gift card . additionally , the portion of gift cards that will not be redeemed ( gift card breakage ) is recognized in net sales after 24 months , at which time the likelihood of redemption is considered remote based on our historical redemption data . our revenue recognition accounting methodology contains uncertainties because it requires management to make assumptions regarding delivery to our customers , future sales returns and the amount and timing of gift cards projected to be redeemed by gift card recipients . our estimate of the amount and timing of sales returns and gift cards to be redeemed is based primarily on historical transaction experience . we have not made any material changes in the accounting methodology used to measure future sales returns or recognize revenue for our gift card program in the past three fiscal years . we do not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions we use to recognize revenue . however , if actual results are not consistent with our estimates or assumptions , we may be exposed to losses or gains that could be material . a 10 % increase in our sales return reserve at january 30 , 2016 would have decreased net income by $ 0.1 million in fiscal 2015. a 10 % increase in our unredeemed gift card breakage life at january 30 , 2016 would have decreased net income by $ 0.5 million in fiscal 2015. stock-based compensation we grant restricted stock awards , restricted stock units and non-qualified stock options to employees and non-employee directors . we determine the fair value of our restricted stock awards and restricted stock units based on the closing market price of our stock on the grant date . in determining the fair value of our stock options , we use the black-scholes option pricing model . the estimated fair value of stock-based awards is recognized as compensation expense over the vesting period , net of estimated forfeitures . the calculation of stock-based compensation expense requires management to make assumptions and to apply judgment to estimate the number of stock awards that will ultimately vest and to determine the fair value of our stock option awards . these assumptions and judgments include estimating future employee turnover rates and the inputs to the black-scholes option pricing model , including expected term . changes in these assumptions can materially affect our stock-based compensation expense . we do not believe there is a reasonable likelihood there will be a material change in the future estimates or assumptions we use to determine stock-based compensation expense . however , if actual results are not consistent with our estimates or assumptions , we may be exposed to changes in stock-based compensation expense that could be material . 37 description judgments and uncertainties effect if actual results differ from assumptions accounting for income taxes as part of the process of preparing the consolidated financial statements , income taxes are estimated for each of the jurisdictions in which we operate . this process involves estimating actual current tax exposure together with assessing temporary differences resulting from differing treatment of items for tax and accounting purposes . these differences result in deferred tax assets and liabilities , which are included on the consolidated balance sheets . valuation allowances may be established when necessary to reduce deferred tax assets to the amount expected to be realized . we regularly evaluate the likelihood of realizing the benefit for income tax positions we have taken in various federal , state and foreign filings by considering all relevant facts , circumstances and information available to us . if we believe it is more likely than not that our position will be sustained , we recognize a benefit at the largest amount that we believe is cumulatively greater than 50 % likely to be realized . significant judgment is required in evaluating our tax positions and determining our provision for income taxes . during the ordinary course of business , there are many transactions and calculations for which the ultimate tax determination is uncertain . for example , our effective tax rates could be adversely affected by earnings being lower than anticipated in jurisdictions where we have lower statutory rates and higher than anticipated in jurisdictions where we have higher statutory rates , by changes in the valuation of our deferred tax assets and liabilities or by changes in the relevant tax , accounting and other laws , regulations , principles and interpretations . unrecognized tax benefits require significant management judgment regarding applicable statutes and their related interpretation and our particular facts and circumstances . although management believes that the income tax related

