we will remain an “ emerging growth company ” for up to five years from our initial public offering , or until the earliest to occur of ( 1 ) the last day of the first fiscal year in which our total annual gross revenues exceed $ 1.0 billion , ( 2 ) the date that we become a “ large accelerated filer ” as defined in rule 12b-2 under the securities exchange act of 1934 , which would occur if the market value of our common stock that is held by non-affiliates exceeds $ 700 million as of the last business day of our most recently completed second fiscal quarter or ( 3 ) the date on which we have issued more than $ 1.0 billion in non-convertible debt during the preceding three year period . overview unique is engaged in the engineering and manufacture of multi-material foam , rubber , and plastic components utilized in noise , vibration and harshness , acoustical management , water and air sealing , decorative and other functional applications . the 25 company combines a long history of organic growth with some more recent strategic acquisitions to diversify both product capabilities and markets served . unique 's markets served are the north america automotive and heavy duty truck , as well as the appliance , water heater and hvac markets . sales are conducted directly with major automotive and heavy duty truck , appliance , water heater and hvac companies , referred throughout this annual report on form 10-k as oems , or indirectly through the tier 1 suppliers of these oems . the company has its principal executive offices in auburn hills , michigan and has sales , engineering and production facilities in auburn hills , michigan , concord , michigan , lafayette , georgia , louisville , kentucky , evansville , indiana , ft. smith , arkansas , bryan , ohio , port huron , michigan , monterrey , mexico , queretaro , mexico and london , ontario . the company also has an independent client sales representative who maintains offices in baldham , germany . unique derives the majority of its net sales from the sales of foam , rubber plastic , and tape adhesive related automotive products . these products are produced from a variety of manufacturing processes including die cutting , compression molding , thermoforming , reaction injection molding , and fusion molding . we believe unique has a broader array of processes and materials utilized than any of its direct competitors , based on our product offerings . by sealing out air noise and water intrusion , and by providing sound absorption and blocking , unique 's products improve the interior comfort of a vehicle , increasing perceived vehicle quality and the overall experience of its passengers . unique 's products perform similar functions for appliances , water heaters and hvac systems , improving thermal characteristics , reducing noise and prolonging equipment life . we primarily operate within the highly competitive and cyclical automotive parts industry . over the past several years the industry has experienced consistent growth as it recovered from the recession of 2009. many sectors of the supply chain are operating near capacity . over the same period we have grown our core automotive parts business at a faster rate than the industry as a whole , indicating we are taking market share from competitors and increasing our content per vehicle on the programs we supply . we expect this trend to continue . recent developments dividend declaration on february 16 , 2017 , our board of directors declared a quarterly cash dividend of $ 0.15 per common share . the dividend will be payable on march 7 , 2017 to shareholders of record at the close of business on february 28 , 2017. acquisition of intasco on april 29 , 2016 , unique-intasco canada , inc. ( the “ canadian buyer ” ) , a newly formed subsidiary of unique fabricating , inc. , ( the “ company ” ) acquired the business and substantially all of the assets of intasco corporation , a canadian based tape manufacturer , for a purchase price of $ 21.03 million , net of cash acquired , with a portion being held in escrow to fund the obligations of intasco corporation and its stockholders to indemnify unique against certain claims , losses and liabilities . . on the same date , unique fabricating na , inc. ( the “ us buyer ” ) , an existing subsidiary of the company , purchased 100 % of the outstanding capital stock of intasco usa , inc. , a united states based tape manufacturer , for a purchase price of $ 0.89 million paid by the issuance of 70,797 shares of the company 's common stock , par value $ 0.001 per share . the shares issued were “ restricted shares ” issued in reliance on an exemption from the registration requirements of the securities act of 1933 , as amended . the cash purchase price was paid with borrowings under a new credit facility which replaced the company 's existing facility . intasco is a material converter of pressure sensitive products such as film , label stock , foams and adhesives primarily provided to the automotive industry in the united states and canada . intasco specializes in interior and exterior attachment tape systems . this acquisition significantly broadens the company 's solution offerings , production capabilities , and potentially expands its reach into new markets . story_separator_special_tag we define “ adjusted ebitda ” as earnings before interest expense , income taxes , depreciation and amortization expense , non-cash stock awards , non-recurring integration expense , non-cash stock award , non-recurring step-up of inventory basis to fair market value , non-recurring ipo costs , transaction fees related to our acquisitions , restructuring expenses , and one-time gain on the sale of the murfreesboro building . we believe omitting these items provides a financial measure that facilitates comparisons of our results of operations with those of companies having different capital structures . since the levels of indebtedness and tax structures that other companies have are different from ours , we omit these amounts to facilitate investors ' ability to make these comparisons . similarly , we omit depreciation and amortization because other companies may employ a greater or lesser amount of property and intangible assets . we believe that investors , analysts and other interested parties view our ability to generate adjusted ebitda as an important measure of our operating performance and that of other companies in our industry . adjusted ebitda should not be considered as an alternative to net income for the periods indicated as a measure of our performance . other companies in our industry may calculate adjusted ebitda differently than we do , limiting its usefulness as a comparative measure . the use of adjusted ebitda has limitations as an analytical tool , and you should not consider this performance measure in isolation from , or as an alternative to , gaap measures such as net income . adjusted ebitda is not a measure of liquidity under gaap or otherwise , and is not an alternative to cash flow from continuing operating activities . our presentation of adjusted ebitda should not be construed as an inference that our future results will be unaffected by the expenses that are excluded from that term or by unusual or non-recurring items . the limitations of adjusted ebitda include that : ( 1 ) it does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments ; ( 2 ) it does not reflect changes in , or cash requirements for , our working capital needs ; ( 3 ) it does not reflect income tax payments we may be required to make ; and ( 4 ) it does not reflect the cash requirements necessary to service interest or principal payments associated with indebtedness . to properly and prudently evaluate our business , we encourage you to review our audited consolidated financial statements included elsewhere in this annual report on form 10-k , and the reconciliation to adjusted ebitda from net income , the most directly comparable financial measure presented in accordance with gaap , set forth in the following table . all of the items included in the reconciliation from net income to adjusted ebitda are either ( 1 ) non-cash items or ( 2 ) items that management does not consider in assessing our on-going operating performance . in the case of the non-cash items , management believes that investors may find it useful to assess our comparative operating performance because the measures without such items are less susceptible to variances in actual performance resulting from depreciation , amortization and other non-cash charges and more reflective of other factors that affect operating performance . in the case of the other items that management does not consider in assessing our on-going operating performance , management believes that investors may find it useful to assess our operating performance if the measures are presented without these items because their financial impact may not reflect on-going operating performance . 31 fifty-two weeks ended january 1 , 2017 and fifty-two weeks ended january 3 , 2016 replace_table_token_7_th story_separator_special_tag activities consists principally of business acquisitions and purchases of property , plant and equipment . in the fifty-two weeks ended january 1 , 2017 , we acquired intasco for a purchase price , net of cash acquired , of $ 21.03 million . we also made capital expenditures of $ 3.36 million during 2016. these outflows were partially offset by the $ 2.18 million we received from the sale of the murfreesboro building in october 2016. in the fifty-two weeks ended january 3 , 2016 , we paid $ 11.82 million in cash to acquire the great lakes business . during the period , we also made capital expenditures of $ 3.57 million during 2015 , of which $ 1.84 million was related to the construction of a new facility in georgia . financing activities cash flows provided by financing activities consisted primarily of borrowings and payments under our new and old senior credit facility , payment of debt issuance costs , proceeds from the sale of stock , the repayment of our 16 % subordinated debt assumed through refinancing proceeds received from our ipo , payment of ipo costs , and distribution of cash dividends . in the fifty-two weeks ended january 1 , 2017 , we had inflows of $ 14.21 million primarily due to $ 32.00 million of gross proceeds from borrowings under our term loans under our new senior credit facility , and $ 5.69 million net proceeds from borrowings under our line of credit under our new senior credit facility . these inflows were partially offset by $ 15.38 million used to retire the principal amount of our term loan under our old senior credit facility and $ 5.81 million for payments of cash dividends . 33 as of january 1 , 2017 , $ 20.48 million was outstanding under the new revolving credit facility , gross of debt issuance costs . borrowings under the new revolving credit facility are subject to a borrowing base which is reduced to the extent of letters of credit issued under the new senior credit facility . as of january 1 , 2017 , the maximum additional available borrowings under the new revolving credit facility was $ 9.42

liquidity and capital resources our principal sources of liquidity are cash flow from operations and borrowings under our new credit agreement from our senior lenders . our primary uses of cash are payment of vendors , payroll , operating costs , capital expenditures and debt service . as of january 1 , 2017 and january 3 , 2016 , we had a cash balance of $ 0.71 million and $ 0.73 million , respectively . our excess cash balance is swept daily and applied to reduce borrowings under our revolving line of credit , which remains available for re-borrowing , as needed , subject to compliance with the terms of the facility . as of january 1 , 2017 and january 3 , 2016 , we had $ 9.42 million and $ 10.11 million , respectively , available for borrowing under our current credit facility and our old credit facility , respectively , subject , in each case , to borrowing base restrictions and outstanding letters of credit . at each such date , we were in compliance with all debt covenants under such facilities . we believe that our sources of liquidity , including cash flow from operations , existing cash and our revolving credit facility are sufficient to meet our projected cash requirements for at least the next fifty-two weeks .


 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 principal sources of liquidity are cash flow from operations and borrowings under our new credit agreement from our senior lenders . our primary uses of cash are payment of vendors , payroll , operating costs , capital expenditures and debt service . as of january 1 , 2017 and january 3 , 2016 , we had a cash balance of $ 0.71 million and $ 0.73 million , respectively . our excess cash balance is swept daily and applied to reduce borrowings under our revolving line of credit , which remains available for re-borrowing , as needed , subject to compliance with the terms of the facility . as of january 1 , 2017 and january 3 , 2016 , we had $ 9.42 million and $ 10.11 million , respectively , available for borrowing under our current credit facility and our old credit facility , respectively , subject , in each case , to borrowing base restrictions and outstanding letters of credit . at each such date , we were in compliance with all debt covenants under such facilities . we believe that our sources of liquidity , including cash flow from operations , existing cash and our revolving credit facility are sufficient to meet our projected cash requirements for at least the next fifty-two weeks .
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 Suspicious Activity Report : we will remain an “ emerging growth company ” for up to five years from our initial public offering , or until the earliest to occur of ( 1 ) the last day of the first fiscal year in which our total annual gross revenues exceed $ 1.0 billion , ( 2 ) the date that we become a “ large accelerated filer ” as defined in rule 12b-2 under the securities exchange act of 1934 , which would occur if the market value of our common stock that is held by non-affiliates exceeds $ 700 million as of the last business day of our most recently completed second fiscal quarter or ( 3 ) the date on which we have issued more than $ 1.0 billion in non-convertible debt during the preceding three year period . overview unique is engaged in the engineering and manufacture of multi-material foam , rubber , and plastic components utilized in noise , vibration and harshness , acoustical management , water and air sealing , decorative and other functional applications . the 25 company combines a long history of organic growth with some more recent strategic acquisitions to diversify both product capabilities and markets served . unique 's markets served are the north america automotive and heavy duty truck , as well as the appliance , water heater and hvac markets . sales are conducted directly with major automotive and heavy duty truck , appliance , water heater and hvac companies , referred throughout this annual report on form 10-k as oems , or indirectly through the tier 1 suppliers of these oems . the company has its principal executive offices in auburn hills , michigan and has sales , engineering and production facilities in auburn hills , michigan , concord , michigan , lafayette , georgia , louisville , kentucky , evansville , indiana , ft. smith , arkansas , bryan , ohio , port huron , michigan , monterrey , mexico , queretaro , mexico and london , ontario . the company also has an independent client sales representative who maintains offices in baldham , germany . unique derives the majority of its net sales from the sales of foam , rubber plastic , and tape adhesive related automotive products . these products are produced from a variety of manufacturing processes including die cutting , compression molding , thermoforming , reaction injection molding , and fusion molding . we believe unique has a broader array of processes and materials utilized than any of its direct competitors , based on our product offerings . by sealing out air noise and water intrusion , and by providing sound absorption and blocking , unique 's products improve the interior comfort of a vehicle , increasing perceived vehicle quality and the overall experience of its passengers . unique 's products perform similar functions for appliances , water heaters and hvac systems , improving thermal characteristics , reducing noise and prolonging equipment life . we primarily operate within the highly competitive and cyclical automotive parts industry . over the past several years the industry has experienced consistent growth as it recovered from the recession of 2009. many sectors of the supply chain are operating near capacity . over the same period we have grown our core automotive parts business at a faster rate than the industry as a whole , indicating we are taking market share from competitors and increasing our content per vehicle on the programs we supply . we expect this trend to continue . recent developments dividend declaration on february 16 , 2017 , our board of directors declared a quarterly cash dividend of $ 0.15 per common share . the dividend will be payable on march 7 , 2017 to shareholders of record at the close of business on february 28 , 2017. acquisition of intasco on april 29 , 2016 , unique-intasco canada , inc. ( the “ canadian buyer ” ) , a newly formed subsidiary of unique fabricating , inc. , ( the “ company ” ) acquired the business and substantially all of the assets of intasco corporation , a canadian based tape manufacturer , for a purchase price of $ 21.03 million , net of cash acquired , with a portion being held in escrow to fund the obligations of intasco corporation and its stockholders to indemnify unique against certain claims , losses and liabilities . . on the same date , unique fabricating na , inc. ( the “ us buyer ” ) , an existing subsidiary of the company , purchased 100 % of the outstanding capital stock of intasco usa , inc. , a united states based tape manufacturer , for a purchase price of $ 0.89 million paid by the issuance of 70,797 shares of the company 's common stock , par value $ 0.001 per share . the shares issued were “ restricted shares ” issued in reliance on an exemption from the registration requirements of the securities act of 1933 , as amended . the cash purchase price was paid with borrowings under a new credit facility which replaced the company 's existing facility . intasco is a material converter of pressure sensitive products such as film , label stock , foams and adhesives primarily provided to the automotive industry in the united states and canada . intasco specializes in interior and exterior attachment tape systems . this acquisition significantly broadens the company 's solution offerings , production capabilities , and potentially expands its reach into new markets . story_separator_special_tag we define “ adjusted ebitda ” as earnings before interest expense , income taxes , depreciation and amortization expense , non-cash stock awards , non-recurring integration expense , non-cash stock award , non-recurring step-up of inventory basis to fair market value , non-recurring ipo costs , transaction fees related to our acquisitions , restructuring expenses , and one-time gain on the sale of the murfreesboro building . we believe omitting these items provides a financial measure that facilitates comparisons of our results of operations with those of companies having different capital structures . since the levels of indebtedness and tax structures that other companies have are different from ours , we omit these amounts to facilitate investors ' ability to make these comparisons . similarly , we omit depreciation and amortization because other companies may employ a greater or lesser amount of property and intangible assets . we believe that investors , analysts and other interested parties view our ability to generate adjusted ebitda as an important measure of our operating performance and that of other companies in our industry . adjusted ebitda should not be considered as an alternative to net income for the periods indicated as a measure of our performance . other companies in our industry may calculate adjusted ebitda differently than we do , limiting its usefulness as a comparative measure . the use of adjusted ebitda has limitations as an analytical tool , and you should not consider this performance measure in isolation from , or as an alternative to , gaap measures such as net income . adjusted ebitda is not a measure of liquidity under gaap or otherwise , and is not an alternative to cash flow from continuing operating activities . our presentation of adjusted ebitda should not be construed as an inference that our future results will be unaffected by the expenses that are excluded from that term or by unusual or non-recurring items . the limitations of adjusted ebitda include that : ( 1 ) it does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments ; ( 2 ) it does not reflect changes in , or cash requirements for , our working capital needs ; ( 3 ) it does not reflect income tax payments we may be required to make ; and ( 4 ) it does not reflect the cash requirements necessary to service interest or principal payments associated with indebtedness . to properly and prudently evaluate our business , we encourage you to review our audited consolidated financial statements included elsewhere in this annual report on form 10-k , and the reconciliation to adjusted ebitda from net income , the most directly comparable financial measure presented in accordance with gaap , set forth in the following table . all of the items included in the reconciliation from net income to adjusted ebitda are either ( 1 ) non-cash items or ( 2 ) items that management does not consider in assessing our on-going operating performance . in the case of the non-cash items , management believes that investors may find it useful to assess our comparative operating performance because the measures without such items are less susceptible to variances in actual performance resulting from depreciation , amortization and other non-cash charges and more reflective of other factors that affect operating performance . in the case of the other items that management does not consider in assessing our on-going operating performance , management believes that investors may find it useful to assess our operating performance if the measures are presented without these items because their financial impact may not reflect on-going operating performance . 31 fifty-two weeks ended january 1 , 2017 and fifty-two weeks ended january 3 , 2016 replace_table_token_7_th story_separator_special_tag activities consists principally of business acquisitions and purchases of property , plant and equipment . in the fifty-two weeks ended january 1 , 2017 , we acquired intasco for a purchase price , net of cash acquired , of $ 21.03 million . we also made capital expenditures of $ 3.36 million during 2016. these outflows were partially offset by the $ 2.18 million we received from the sale of the murfreesboro building in october 2016. in the fifty-two weeks ended january 3 , 2016 , we paid $ 11.82 million in cash to acquire the great lakes business . during the period , we also made capital expenditures of $ 3.57 million during 2015 , of which $ 1.84 million was related to the construction of a new facility in georgia . financing activities cash flows provided by financing activities consisted primarily of borrowings and payments under our new and old senior credit facility , payment of debt issuance costs , proceeds from the sale of stock , the repayment of our 16 % subordinated debt assumed through refinancing proceeds received from our ipo , payment of ipo costs , and distribution of cash dividends . in the fifty-two weeks ended january 1 , 2017 , we had inflows of $ 14.21 million primarily due to $ 32.00 million of gross proceeds from borrowings under our term loans under our new senior credit facility , and $ 5.69 million net proceeds from borrowings under our line of credit under our new senior credit facility . these inflows were partially offset by $ 15.38 million used to retire the principal amount of our term loan under our old senior credit facility and $ 5.81 million for payments of cash dividends . 33 as of january 1 , 2017 , $ 20.48 million was outstanding under the new revolving credit facility , gross of debt issuance costs . borrowings under the new revolving credit facility are subject to a borrowing base which is reduced to the extent of letters of credit issued under the new senior credit facility . as of january 1 , 2017 , the maximum additional available borrowings under the new revolving credit facility was $ 9.42

