key events in october 2014 , we amended and restated our certificate of incorporation to increase our authorized share count to 450,000,000 shares of stock , including 400,000,000 shares of common stock and 50,000,000 shares of preferred stock , each with a par value $ 0.01 per share and to split our common stock 224.9835679 for 1. unless otherwise noted herein , historic share data has been adjusted to give effect to the stock split . in october 2014 , we completed our initial public offering ( ipo ) of 6,764,705 shares of common stock ( including the full exercise of the underwriters ' overallotment option to purchase an additional 882,352 shares ) at a price of $ 16.00 per share . 37 during fiscal 2015 , we completed three follow-on offerings of our common stock . all shares were offered by our selling shareholders and , in each case , included the full exercise of the underwriters ' overallotment option . the timing and share activity for each of these offerings is summarized below : replace_table_token_6_th ( 1 ) we utilized 248,412 treasury shares in partial satisfaction of the shares provided by option exercise in the may 2015 offering . in december 2015 , the oak hill funds sold 2,500,000 shares of common stock to the public . as of january 31 , 2016 , the oak hill funds owned approximately 18 % of our outstanding stock and certain members of our board of directors and our management owned approximately 1 % of our outstanding stock . the remaining 81 % was owned by the public . during fiscal 2015 , we entered into a new senior secured credit facility that provides a $ 150,000 term loan facility and a $ 350,000 revolving credit facility ( the credit facility ) . the proceeds of the credit facility were used to refinance in full the outstanding balance of a prior credit facility of $ 430,000 and to pay related interest and expenses . as a result of the refinancing , we expect to have lower interest expense . key measures of our performance we monitor and analyze a number of key performance measures to manage our business and evaluate financial and operating performance . these measures include : comparable store sales . comparable store sales are a year-over-year comparison of sales at stores open at the end of the period which have been open for at least 18 months as of the beginning of each of the fiscal years . it is a key performance indicator used within the industry and is indicative of acceptance of our initiatives as well as local economic and consumer trends . our comparable stores consisted of 59 , 57 and 55 stores as of the end of fiscal 2015 , fiscal 2014 and fiscal 2013 , respectively . fiscal 2015 comparable store sales exclude sales from our williamsville ( buffalo ) , new york location , which closed and relocated in the third quarter of fiscal 2015 , and our farmingdale location , which closed on february 8 , 2015. fiscal 2014 comparable store sales exclude sales from our kensington/bethesda , maryland ( bethesda ) location , which closed on august 12 , 2014. new store openings . our ability to expand our business and reach new customers is influenced by the opening of additional stores in both new and existing markets . the success of our new stores is indicative of our brand appeal and the efficacy of our site selection and operating models . our new locations typically open with sales volumes in excess of their run-rate levels , which we refer to as a honeymoon effect . we expect our new store volumes in year two to be 10 % to 20 % lower and our margins on store-level ebitda ( excluding allocated marketing costs ) to be up to four percentage points lower in the second full year of operations than our year one targets , and to grow in line with the rest of our comparable store base thereafter . as a result of the substantial revenues associated with each new store and the seasonality of our business , the number and timing of new store openings will result in significant fluctuations in quarterly results . 38 non-gaap financial measures in addition to the results provided in accordance with generally accepted accounting principles ( gaap ) , we provide non-gaap measures which present operating results on an adjusted basis . these are supplemental measures of performance that are not required by or presented in accordance with gaap and include store-level ebitda , store-level ebitda margin , adjusted ebitda and adjusted ebitda margin . these non-gaap measures do not represent and should not be considered as an alternative to net income or cash flows from operations , as determined in accordance with gaap , and our calculations thereof may not be comparable to similarly entitled measures reported by other companies and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with gaap . although we use these non-gaap measures to assess the operating performance of our business , they have significant limitations as an analytical tool because they exclude certain material costs . for example , adjusted ebitda does not take into account a number of significant items , including our interest expense and depreciation and amortization expense . because adjusted ebitda does not account for these expenses , its utility as a measure of our operating performance has material limitations . in addition , adjusted ebitda excludes pre-opening costs and adjustments for changes in the accruals for deferred amusement revenue and ticket liability , which we expect customers to redeem in future periods and which may be important in analyzing our gaap results . story_separator_special_tag there is a 20-year carry-forward on general business credits and amt credits can be carried forward indefinitely . the general business credits do not begin to expire until 2035 and are expected to be utilized in 2016 based on current enacted tax laws . as of january 31 , 2016 , we have no federal net operating loss carryforwards , and $ 64,127 of state net operating loss carryforwards . included in state net operating loss carryforwards is approximately $ 13,875 of state net operating loss carryforwards related to excess stock compensation that will be recorded in additional paid in capital when realized as a reduction in taxes payable . generally , state net operating losses can be carried forward 20 years . state operating loss carryforwards do not begin to expire until 2018. as of january 31 , 2016 , we could not conclude that it was more likely than not that all of our state net operating loss carryforwards , when considered on a state by state basis , will be fully utilized prior to their expiration . included in our total valuation allowance is $ 798 related to state net operating losses that may not be realized . 48 fiscal 2014 compared to fiscal 2013 results of operations the following table sets forth selected data in thousands of dollars and as a percentage of total revenues ( unless otherwise noted ) for the periods indicated . all information is derived from the accompanying consolidated statements of comprehensive income . replace_table_token_12_th ( 1 ) comparable store sales ( year-over-year comparison of stores operating at the end of the fiscal period and open at least 18 months as of the beginning of each of the fiscal years ) is a key performance indicator used within the industry and is indicative of acceptance of our initiatives as well as local economic and consumer trends . fiscal 2014 comparable stores exclude our bethesda location , which permanently closed on august 12 , 2014 . 49 ( 2 ) our fiscal 2014 store count excludes our bethesda location . our new store openings during the last two fiscal years were as follows : replace_table_token_13_th reconciliations of non-gaap financial measuresebitda and adjusted ebitda the following table reconciles net income to ebitda and adjusted ebitda for the following years : replace_table_token_14_th ( 1 ) represents the net book value of assets ( less proceeds received ) disposed of during the period . primarily relates to assets replaced in ongoing operation of business . ( 2 ) represents the effect of foreign currency transaction losses related to our store in canada . ( 3 ) represents expenses incurred to reimburse our board of directors and certain non-recurring payments to management and compensation consultants . ( 4 ) primarily represents costs related to capital market transactions and store closure costs . ( 5 ) represents stock compensation expense under our 2010 stock incentive plan and 2014 stock incentive plan . ( 6 ) represents costs incurred prior to the opening of our new stores . ( 7 ) represents increases or ( decreases ) to accrued liabilities established for future amusement games play and the fulfillment of tickets won by customers on our redemption games . 50 reconciliations of non-gaap financial measures  store-level ebitda the following table reconciles ebitda to store-level ebitda for the following years : replace_table_token_15_th capital additions the following table represents total accrual-based additions to property and equipment . capital additions do not include any reductions for tenant improvement allowances received or receivable from landlords . replace_table_token_16_th revenues total revenues increased $ 111,172 , or 17.5 % , to $ 746,751 in fiscal 2014 compared to total revenues of $ 635,579 in fiscal 2013. the increased revenues were derived from the following sources : comparable stores $ 41,954 non-comparable stores 70,241 other ( 1,023 ) total $ 111,172 comparable store revenue increased $ 41,954 , or 7.3 % in fiscal 2014 compared to fiscal 2013. comparable walk-in revenues , which accounted for 87.7 % of comparable store revenue for fiscal 2014 , increased $ 38,921 , or 7.8 % compared to fiscal 2013. comparable store special events revenues , which accounted for 12.3 % of consolidated comparable store revenue for fiscal 2014 , increased $ 3,033 , or 4.2 % compared to fiscal 2013. the increase in comparable store revenue over prior year is attributable to our brand strength , increased consumer prosperity , and favorability due to weather . our brand strength can be credited to many factors including a more contemporary feel at our stores , the addition of and focus on sports viewing , and media efficiencies which encompasses the success of our new news program , which features our new offerings in each of the eat drink play and watch pillars through national advertising and the utilization of new media outlets . 51 food sales at comparable stores increased by $ 7,376 , or 3.8 % , to $ 200,156 for fiscal 2014 from $ 192,780 in the comparable period in 2013. beverage sales at comparable stores increased by $ 8,429 , or 9.6 % , to $ 95,937 for fiscal 2014 from $ 87,508 in the comparable period in 2013. sales growth was led by amusement and other revenues . comparable store amusement and other revenues for fiscal 2014 increased by $ 26,149 , or 8.9 % , to $ 319,107 from $ 292,958 in the 2013 comparison period . the growth over 2013 in amusement sales was driven by increased national advertising highlighting our amusement products , our half-price game play on wednesdays offer and power card up-sell initiatives . the non-comparable store revenue increased by a total of $ 70,241 , or 110.5 % , for fiscal 2014 compared to the comparable period in 2013. the increase in non-comparable store revenue was primarily driven by 374 additional store weeks contributed by our 2013 and 2014 store openings compared to fiscal 2013 , and partially offset

liquidity and cash flows the primary source of cash flow is from our operating activities and availability under the revolving credit facility . store-level variability , quarterly fluctuations , seasonality and inflation we have historically operated stores varying in size and have experienced significant variability among stores in volumes , operating results and net investment costs . we also expect seasonality to be a factor in the operation or results of the business in the future with higher first and fourth quarter revenues associated with the spring and year-end holidays . these quarters will continue to be susceptible to the impact of severe weather on customer traffic and sales during that period . our third quarter , which encompasses the back-to-school fall season , has historically had lower revenues as compared to the other quarters . we expect that volatile economic conditions will continue to exert pressure on both supplier pricing and consumer spending related to entertainment and dining alternatives . although there is no assurance that our cost of products will remain stable or that federal or state minimum wage rates will not increase beyond amounts currently legislated , the effects of any supplier price increases or minimum wage rate increases are expected to be partially offset by selected menu price increases where competitively appropriate . 42 fiscal 2015 compared to fiscal 2014 results of operations . the following table sets forth selected data , in thousands of dollars and as a percentage of total revenues ( unless otherwise noted ) for the periods indicated . all information is derived from the accompanying consolidated statements of comprehensive income . replace_table_token_7_th ( 1 ) comparable store sales ( year-over-year comparison of stores operating at the end of the fiscal period and open at least 18 months as of the beginning of each of the fiscal years ) is a key performance indicator used within the industry and is indicative of acceptance of our initiatives as well as local economic and consumer trends .


 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 cash flows the primary source of cash flow is from our operating activities and availability under the revolving credit facility . store-level variability , quarterly fluctuations , seasonality and inflation we have historically operated stores varying in size and have experienced significant variability among stores in volumes , operating results and net investment costs . we also expect seasonality to be a factor in the operation or results of the business in the future with higher first and fourth quarter revenues associated with the spring and year-end holidays . these quarters will continue to be susceptible to the impact of severe weather on customer traffic and sales during that period . our third quarter , which encompasses the back-to-school fall season , has historically had lower revenues as compared to the other quarters . we expect that volatile economic conditions will continue to exert pressure on both supplier pricing and consumer spending related to entertainment and dining alternatives . although there is no assurance that our cost of products will remain stable or that federal or state minimum wage rates will not increase beyond amounts currently legislated , the effects of any supplier price increases or minimum wage rate increases are expected to be partially offset by selected menu price increases where competitively appropriate . 42 fiscal 2015 compared to fiscal 2014 results of operations . the following table sets forth selected data , in thousands of dollars and as a percentage of total revenues ( unless otherwise noted ) for the periods indicated . all information is derived from the accompanying consolidated statements of comprehensive income . replace_table_token_7_th ( 1 ) comparable store sales ( year-over-year comparison of stores operating at the end of the fiscal period and open at least 18 months as of the beginning of each of the fiscal years ) is a key performance indicator used within the industry and is indicative of acceptance of our initiatives as well as local economic and consumer trends .
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 Suspicious Activity Report : key events in october 2014 , we amended and restated our certificate of incorporation to increase our authorized share count to 450,000,000 shares of stock , including 400,000,000 shares of common stock and 50,000,000 shares of preferred stock , each with a par value $ 0.01 per share and to split our common stock 224.9835679 for 1. unless otherwise noted herein , historic share data has been adjusted to give effect to the stock split . in october 2014 , we completed our initial public offering ( ipo ) of 6,764,705 shares of common stock ( including the full exercise of the underwriters ' overallotment option to purchase an additional 882,352 shares ) at a price of $ 16.00 per share . 37 during fiscal 2015 , we completed three follow-on offerings of our common stock . all shares were offered by our selling shareholders and , in each case , included the full exercise of the underwriters ' overallotment option . the timing and share activity for each of these offerings is summarized below : replace_table_token_6_th ( 1 ) we utilized 248,412 treasury shares in partial satisfaction of the shares provided by option exercise in the may 2015 offering . in december 2015 , the oak hill funds sold 2,500,000 shares of common stock to the public . as of january 31 , 2016 , the oak hill funds owned approximately 18 % of our outstanding stock and certain members of our board of directors and our management owned approximately 1 % of our outstanding stock . the remaining 81 % was owned by the public . during fiscal 2015 , we entered into a new senior secured credit facility that provides a $ 150,000 term loan facility and a $ 350,000 revolving credit facility ( the credit facility ) . the proceeds of the credit facility were used to refinance in full the outstanding balance of a prior credit facility of $ 430,000 and to pay related interest and expenses . as a result of the refinancing , we expect to have lower interest expense . key measures of our performance we monitor and analyze a number of key performance measures to manage our business and evaluate financial and operating performance . these measures include : comparable store sales . comparable store sales are a year-over-year comparison of sales at stores open at the end of the period which have been open for at least 18 months as of the beginning of each of the fiscal years . it is a key performance indicator used within the industry and is indicative of acceptance of our initiatives as well as local economic and consumer trends . our comparable stores consisted of 59 , 57 and 55 stores as of the end of fiscal 2015 , fiscal 2014 and fiscal 2013 , respectively . fiscal 2015 comparable store sales exclude sales from our williamsville ( buffalo ) , new york location , which closed and relocated in the third quarter of fiscal 2015 , and our farmingdale location , which closed on february 8 , 2015. fiscal 2014 comparable store sales exclude sales from our kensington/bethesda , maryland ( bethesda ) location , which closed on august 12 , 2014. new store openings . our ability to expand our business and reach new customers is influenced by the opening of additional stores in both new and existing markets . the success of our new stores is indicative of our brand appeal and the efficacy of our site selection and operating models . our new locations typically open with sales volumes in excess of their run-rate levels , which we refer to as a honeymoon effect . we expect our new store volumes in year two to be 10 % to 20 % lower and our margins on store-level ebitda ( excluding allocated marketing costs ) to be up to four percentage points lower in the second full year of operations than our year one targets , and to grow in line with the rest of our comparable store base thereafter . as a result of the substantial revenues associated with each new store and the seasonality of our business , the number and timing of new store openings will result in significant fluctuations in quarterly results . 38 non-gaap financial measures in addition to the results provided in accordance with generally accepted accounting principles ( gaap ) , we provide non-gaap measures which present operating results on an adjusted basis . these are supplemental measures of performance that are not required by or presented in accordance with gaap and include store-level ebitda , store-level ebitda margin , adjusted ebitda and adjusted ebitda margin . these non-gaap measures do not represent and should not be considered as an alternative to net income or cash flows from operations , as determined in accordance with gaap , and our calculations thereof may not be comparable to similarly entitled measures reported by other companies and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with gaap . although we use these non-gaap measures to assess the operating performance of our business , they have significant limitations as an analytical tool because they exclude certain material costs . for example , adjusted ebitda does not take into account a number of significant items , including our interest expense and depreciation and amortization expense . because adjusted ebitda does not account for these expenses , its utility as a measure of our operating performance has material limitations . in addition , adjusted ebitda excludes pre-opening costs and adjustments for changes in the accruals for deferred amusement revenue and ticket liability , which we expect customers to redeem in future periods and which may be important in analyzing our gaap results . story_separator_special_tag there is a 20-year carry-forward on general business credits and amt credits can be carried forward indefinitely . the general business credits do not begin to expire until 2035 and are expected to be utilized in 2016 based on current enacted tax laws . as of january 31 , 2016 , we have no federal net operating loss carryforwards , and $ 64,127 of state net operating loss carryforwards . included in state net operating loss carryforwards is approximately $ 13,875 of state net operating loss carryforwards related to excess stock compensation that will be recorded in additional paid in capital when realized as a reduction in taxes payable . generally , state net operating losses can be carried forward 20 years . state operating loss carryforwards do not begin to expire until 2018. as of january 31 , 2016 , we could not conclude that it was more likely than not that all of our state net operating loss carryforwards , when considered on a state by state basis , will be fully utilized prior to their expiration . included in our total valuation allowance is $ 798 related to state net operating losses that may not be realized . 48 fiscal 2014 compared to fiscal 2013 results of operations the following table sets forth selected data in thousands of dollars and as a percentage of total revenues ( unless otherwise noted ) for the periods indicated . all information is derived from the accompanying consolidated statements of comprehensive income . replace_table_token_12_th ( 1 ) comparable store sales ( year-over-year comparison of stores operating at the end of the fiscal period and open at least 18 months as of the beginning of each of the fiscal years ) is a key performance indicator used within the industry and is indicative of acceptance of our initiatives as well as local economic and consumer trends . fiscal 2014 comparable stores exclude our bethesda location , which permanently closed on august 12 , 2014 . 49 ( 2 ) our fiscal 2014 store count excludes our bethesda location . our new store openings during the last two fiscal years were as follows : replace_table_token_13_th reconciliations of non-gaap financial measuresebitda and adjusted ebitda the following table reconciles net income to ebitda and adjusted ebitda for the following years : replace_table_token_14_th ( 1 ) represents the net book value of assets ( less proceeds received ) disposed of during the period . primarily relates to assets replaced in ongoing operation of business . ( 2 ) represents the effect of foreign currency transaction losses related to our store in canada . ( 3 ) represents expenses incurred to reimburse our board of directors and certain non-recurring payments to management and compensation consultants . ( 4 ) primarily represents costs related to capital market transactions and store closure costs . ( 5 ) represents stock compensation expense under our 2010 stock incentive plan and 2014 stock incentive plan . ( 6 ) represents costs incurred prior to the opening of our new stores . ( 7 ) represents increases or ( decreases ) to accrued liabilities established for future amusement games play and the fulfillment of tickets won by customers on our redemption games . 50 reconciliations of non-gaap financial measures  store-level ebitda the following table reconciles ebitda to store-level ebitda for the following years : replace_table_token_15_th capital additions the following table represents total accrual-based additions to property and equipment . capital additions do not include any reductions for tenant improvement allowances received or receivable from landlords . replace_table_token_16_th revenues total revenues increased $ 111,172 , or 17.5 % , to $ 746,751 in fiscal 2014 compared to total revenues of $ 635,579 in fiscal 2013. the increased revenues were derived from the following sources : comparable stores $ 41,954 non-comparable stores 70,241 other ( 1,023 ) total $ 111,172 comparable store revenue increased $ 41,954 , or 7.3 % in fiscal 2014 compared to fiscal 2013. comparable walk-in revenues , which accounted for 87.7 % of comparable store revenue for fiscal 2014 , increased $ 38,921 , or 7.8 % compared to fiscal 2013. comparable store special events revenues , which accounted for 12.3 % of consolidated comparable store revenue for fiscal 2014 , increased $ 3,033 , or 4.2 % compared to fiscal 2013. the increase in comparable store revenue over prior year is attributable to our brand strength , increased consumer prosperity , and favorability due to weather . our brand strength can be credited to many factors including a more contemporary feel at our stores , the addition of and focus on sports viewing , and media efficiencies which encompasses the success of our new news program , which features our new offerings in each of the eat drink play and watch pillars through national advertising and the utilization of new media outlets . 51 food sales at comparable stores increased by $ 7,376 , or 3.8 % , to $ 200,156 for fiscal 2014 from $ 192,780 in the comparable period in 2013. beverage sales at comparable stores increased by $ 8,429 , or 9.6 % , to $ 95,937 for fiscal 2014 from $ 87,508 in the comparable period in 2013. sales growth was led by amusement and other revenues . comparable store amusement and other revenues for fiscal 2014 increased by $ 26,149 , or 8.9 % , to $ 319,107 from $ 292,958 in the 2013 comparison period . the growth over 2013 in amusement sales was driven by increased national advertising highlighting our amusement products , our half-price game play on wednesdays offer and power card up-sell initiatives . the non-comparable store revenue increased by a total of $ 70,241 , or 110.5 % , for fiscal 2014 compared to the comparable period in 2013. the increase in non-comparable store revenue was primarily driven by 374 additional store weeks contributed by our 2013 and 2014 store openings compared to fiscal 2013 , and partially offset

