in december 2015 , we acquired , through a subsidiary of heico electronic , certain assets of a company that designs and manufactures underwater locator beacons used to locate aircraft cockpit voice recorders , flight data recorders , marine ship voyage recorders and other devices which have been submerged under water . in august 2015 , we acquired , through heico flight support corp. , all of the stock of astroseal products mfg . corporation ( “ astroseal ” ) . astroseal manufactures expanded foil mesh , which is integrated into composite aerospace structures for lighting strike protection in fixed and rotary wing aircraft . in august 2015 , we acquired , through heico electronic , 80.1 % of the equity of midwest microwave solutions , inc. ( “ mms ” ) . mms designs , manufactures and sells unique size , weight , power and cost ( swap-c ) optimized communications and electronic intercept receivers and tuners for military and intelligence applications . the remaining 19.9 % continues to be owned by certain members of mms ' management team . in august 2015 , we acquired , through heico flight support corp. , 80.1 % of the assets and assumed certain liabilities of aerospace & commercial technologies , llc ( “ act ” ) . act is a provider of products and services necessary to maintain up-to-date f-16 fighter aircraft 31 index operational capabilities . the remaining 19.9 % continues to be owned by certain members of act 's management team . in may 2015 , we acquired , through heico flight support corp , all of the stock of thermal energy products , inc. ( “ tep ” ) . tep engineers , designs and manufactures removable/reusable insulation systems for industrial , commercial , aerospace and defense applications . in january 2015 , we acquired , through heico flight support corp. , 80.1 % of the equity of harter aerospace , llc ( `` harter `` ) . harter is a globally recognized component and accessory maintenance , repair , and overhaul ( mro ) station specializing in commercial aircraft accessories , including thrust reverse actuation systems and pneumatics , and electromechanical components . the remaining 19.9 % interest continues to be owned by certain members of harter 's management team . in january 2015 , we acquired , through heico flight support corp. , 80 % of the equity of aeroworks international holding b.v. ( “ aeroworks ” ) . aeroworks , which is headquartered in the netherlands and maintains a significant portion of its production facilities in thailand and laos , is a manufacturer of both composite and metal parts used primarily in aircraft interior applications , including seating , galleys , lavatories , doors , and overhead bins . the remaining 20 % interest continues to be owned by a certain member of aeroworks ' management team . in june 2014 , we created a new legal entity , seal q corp. , within heico flight support corp. , which acquired certain assets and liabilities of quest aviation supply , inc. ( “ quest aviation ” ) . quest aviation is a niche supplier of parts to repair thrust reversers on various aircraft engines . the purchase price of each of the above referenced acquisitions was paid in cash principally using proceeds from our revolving credit facility . the aggregate amount paid in cash for acquisitions , including additional purchase consideration payments , was $ 263.8 million , $ 166.8 million and $ 8.7 million in fiscal 2016 , 2015 and 2014 , respectively . in february 2014 , we acquired the 20 % noncontrolling interest held by lufthansa technik ag ( “ lht ” ) in four of our existing subsidiaries principally operating in the specialty products and distribution businesses within heico aerospace . for further information regarding this acquisition , see note 8 , shareholder 's equity , of the notes to consolidated financial statements . critical accounting policies we believe that the following are our most critical accounting policies , which require management to make judgments about matters that are inherently uncertain . assumptions utilized to determine fair value in connection with business combinations , contingent consideration arrangements and in goodwill and intangible assets impairment tests are highly judgmental . if there is a material change in such assumptions or if there is a material 32 index change in the conditions or circumstances influencing fair value , we could be required to recognize a material impairment charge . see item 1a . , risk factors , for a list of factors which may cause our actual results to differ materially from anticipated results . revenue recognition revenue from the sale of products and the rendering of services is recognized when title and risk of loss passes to the customer , which is generally at the time of shipment . revenue from certain fixed price contracts for which costs can be dependably estimated is recognized on the percentage-of-completion method , measured by the percentage of costs incurred to date to estimated total costs for each contract . this method is used because management considers costs incurred to be the best available measure of progress on these contracts . revisions in cost estimates as contracts progress have the effect of increasing or decreasing profits in the period of revision . revisions in cost estimates may be caused by factors such as the price or availability of raw materials and component parts or variations in the amount of labor required and or the materials necessary to meet customer specifications and requirements . provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined . the percentage of our net sales recognized under the percentage-of-completion method was approximately 3 % , 4 % and 3 % in fiscal 2016 , 2015 and 2014 , respectively . story_separator_special_tag 39 index comparison of fiscal 2015 to fiscal 2014 net sales our net sales in fiscal 2015 increased by 5 % to a record $ 1,188.6 million , as compared to net sales of $ 1,132.3 million in fiscal 2014. the increase in consolidated net sales reflects an increase of $ 46.9 million ( a 6 % increase ) to a record $ 809.7 million in net sales within the fsg as well as an increase of $ 11.6 million ( a 3 % increase ) to a record $ 391.0 million in net sales within the etg . the net sales increase in the fsg reflects net sales of $ 54.9 million contributed by our fiscal 2015 acquisitions as well as additional net sales in our aftermarket replacement parts and repair and overhaul services product lines of $ 11.4 million principally from new product and service offerings . the net sales increase within the fsg was partially offset by a $ 19.4 million organic net sales decrease in our specialty products lines principally reflecting lower net sales of certain industrial products that are attributable to the completion of a customer 's multi-year orders in late fiscal 2014. as a result of the net sales decrease of certain industrial products , the fsg experienced a 1 % organic revenue decline in fiscal 2015. excluding industrial net sales , the fsg experienced organic growth of 3 % in fiscal 2015. the net sales increase in the etg reflects net sales of $ 8.0 million contributed by a fiscal 2015 acquisition as well as organic growth of 1 % resulting from an aggregate net sales increase of $ 7.6 million attributed to higher demand for certain of our defense , other electronics and aerospace products . the net sales increase within the etg was partially offset by a $ 3.9 million net sales decrease from lower demand for certain of the etg 's space and telecommunications products . sales price changes were not a significant contributing factor to the fsg and etg net sales growth in fiscal 2015. our net sales in fiscal 2015 and 2014 by market consisted of approximately 57 % and 56 % , respectively , from the commercial aviation industry , 27 % and 26 % , respectively , from the defense and space industries , and 16 % and 18 % , respectively , from other industrial markets including medical , electronics and telecommunications . gross profit and operating expenses our consolidated gross profit margin increased to 36.5 % in fiscal 2015 as compared to 35.2 % in fiscal 2014 and principally reflects an increase of 3.8 % in the etg 's gross profit margin as well as a .2 % increase in the fsg 's gross profit margin . the increase in the etg 's gross profit margin is mainly attributed to a more favorable product mix and increased net sales of certain of our defense products . total new product r & d expenses included within our consolidated cost of sales increased to $ 38.7 million in fiscal 2015 compared to $ 37.4 million in fiscal 2014. sg & a expenses were $ 204.5 million and $ 194.9 million in fiscal 2015 and 2014 , respectively , and were a constant 17.2 % of net sales in both fiscal 2015 and 2014. the increase in sg & a expenses principally reflects a $ 28.1 million reduction in the estimated fair value of accrued contingent consideration recorded in the prior year associated with a fiscal 2013 acquisition , partially offset by the impact of $ 13.1 million of impairment losses recorded in the 40 index prior year related to certain intangible assets of the acquired entity and a $ 5.2 million decrease in performance-based compensation expense . see note 7 , fair value measurements , of the notes to consolidated financial statements for additional information . operating income operating income in fiscal 2015 increased by 13 % to a record $ 229.7 million as compared to operating income of $ 203.4 million in fiscal 2014. the increase in operating income reflects a $ 13.3 million increase ( a 10 % increase ) to a record $ 149.8 million in operating income of the fsg in fiscal 2015 , up from $ 136.5 million in fiscal 2014 and a $ 9.9 million increase ( an 11 % increase ) in operating income of the etg to a record $ 98.8 million in fiscal 2015 , up from $ 88.9 million in fiscal 2014. the increase in operating income of the fsg principally reflects the aforementioned net sales growth , a $ 2.6 million decrease in performance-based compensation expense , the improved gross profit margin and $ 1.4 million of unrealized gains from foreign currency transaction adjustments on our euro denominated contingent consideration liability , partially offset by a $ 3.2 million increase in amortization expense of intangible assets recognized in connection with the fiscal 2015 acquired businesses . the increase in operating income of the etg principally reflects the previously mentioned improved gross profit margin and net sales growth , a $ 15.0 million impact from prior year intangible asset impairment losses and a $ 4.0 million decrease in amortization expense of intangible assets , partially offset by the impact of the prior year reduction in the estimated fair value of accrued contingent consideration . additionally , the increase in consolidated operating income reflects a $ 3.3 million decrease in corporate expenses principally due to $ 2.3 million of unrealized gains from foreign currency transaction adjustments on euro borrowings and lower performance-based compensation expense . consolidated operating income as a percentage of net sales increased to 19.3 % in fiscal 2015 , up from 18.0 % in fiscal 2014. the increase in consolidated operating income as a percentage of net sales is mainly attributed to an increase in the etg 's operating income as a percentage of net sales to 25.3 % in fiscal 2015 , up

liquidity and capital resources our capitalization was as follows ( in thousands ) : replace_table_token_10_th our principal uses of cash include acquisitions , capital expenditures , cash dividends , distributions to noncontrolling interests and working capital needs . capital expenditures in fiscal 2017 are anticipated to approximate $ 38 million . we finance our activities primarily from our operating and financing activities , including borrowings under our revolving credit facility . as of december 13 , 2016 , we had approximately $ 353 million of unused committed availability under the terms of our revolving credit facility . based on our current outlook , we believe that net cash provided by operating activities and available borrowings under our revolving credit facility will be sufficient to fund our cash requirements for at least the next twelve months . operating activities net cash provided by operating activities was $ 249.2 million in fiscal 2016 and consisted primarily of net income from consolidated operations of $ 176.2 million , depreciation and amortization expense of $ 60.3 million ( a non-cash item ) and an increase in working capital ( current assets minus current liabilities ) of $ 8.1 million . net cash provided by operating activities increased by $ 76.3 million in fiscal 2016 from $ 172.9 million in fiscal 2015. the increase in net cash provided by operating activities in fiscal 2016 is principally due to a $ 36.7 million decrease in working capital , a $ 22.6 million increase in net income from consolidated operations and a $ 12.4 million increase in depreciation and amortization expense ( a non-cash item ) .


 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 capitalization was as follows ( in thousands ) : replace_table_token_10_th our principal uses of cash include acquisitions , capital expenditures , cash dividends , distributions to noncontrolling interests and working capital needs . capital expenditures in fiscal 2017 are anticipated to approximate $ 38 million . we finance our activities primarily from our operating and financing activities , including borrowings under our revolving credit facility . as of december 13 , 2016 , we had approximately $ 353 million of unused committed availability under the terms of our revolving credit facility . based on our current outlook , we believe that net cash provided by operating activities and available borrowings under our revolving credit facility will be sufficient to fund our cash requirements for at least the next twelve months . operating activities net cash provided by operating activities was $ 249.2 million in fiscal 2016 and consisted primarily of net income from consolidated operations of $ 176.2 million , depreciation and amortization expense of $ 60.3 million ( a non-cash item ) and an increase in working capital ( current assets minus current liabilities ) of $ 8.1 million . net cash provided by operating activities increased by $ 76.3 million in fiscal 2016 from $ 172.9 million in fiscal 2015. the increase in net cash provided by operating activities in fiscal 2016 is principally due to a $ 36.7 million decrease in working capital , a $ 22.6 million increase in net income from consolidated operations and a $ 12.4 million increase in depreciation and amortization expense ( a non-cash item ) .
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 Suspicious Activity Report : in december 2015 , we acquired , through a subsidiary of heico electronic , certain assets of a company that designs and manufactures underwater locator beacons used to locate aircraft cockpit voice recorders , flight data recorders , marine ship voyage recorders and other devices which have been submerged under water . in august 2015 , we acquired , through heico flight support corp. , all of the stock of astroseal products mfg . corporation ( “ astroseal ” ) . astroseal manufactures expanded foil mesh , which is integrated into composite aerospace structures for lighting strike protection in fixed and rotary wing aircraft . in august 2015 , we acquired , through heico electronic , 80.1 % of the equity of midwest microwave solutions , inc. ( “ mms ” ) . mms designs , manufactures and sells unique size , weight , power and cost ( swap-c ) optimized communications and electronic intercept receivers and tuners for military and intelligence applications . the remaining 19.9 % continues to be owned by certain members of mms ' management team . in august 2015 , we acquired , through heico flight support corp. , 80.1 % of the assets and assumed certain liabilities of aerospace & commercial technologies , llc ( “ act ” ) . act is a provider of products and services necessary to maintain up-to-date f-16 fighter aircraft 31 index operational capabilities . the remaining 19.9 % continues to be owned by certain members of act 's management team . in may 2015 , we acquired , through heico flight support corp , all of the stock of thermal energy products , inc. ( “ tep ” ) . tep engineers , designs and manufactures removable/reusable insulation systems for industrial , commercial , aerospace and defense applications . in january 2015 , we acquired , through heico flight support corp. , 80.1 % of the equity of harter aerospace , llc ( `` harter `` ) . harter is a globally recognized component and accessory maintenance , repair , and overhaul ( mro ) station specializing in commercial aircraft accessories , including thrust reverse actuation systems and pneumatics , and electromechanical components . the remaining 19.9 % interest continues to be owned by certain members of harter 's management team . in january 2015 , we acquired , through heico flight support corp. , 80 % of the equity of aeroworks international holding b.v. ( “ aeroworks ” ) . aeroworks , which is headquartered in the netherlands and maintains a significant portion of its production facilities in thailand and laos , is a manufacturer of both composite and metal parts used primarily in aircraft interior applications , including seating , galleys , lavatories , doors , and overhead bins . the remaining 20 % interest continues to be owned by a certain member of aeroworks ' management team . in june 2014 , we created a new legal entity , seal q corp. , within heico flight support corp. , which acquired certain assets and liabilities of quest aviation supply , inc. ( “ quest aviation ” ) . quest aviation is a niche supplier of parts to repair thrust reversers on various aircraft engines . the purchase price of each of the above referenced acquisitions was paid in cash principally using proceeds from our revolving credit facility . the aggregate amount paid in cash for acquisitions , including additional purchase consideration payments , was $ 263.8 million , $ 166.8 million and $ 8.7 million in fiscal 2016 , 2015 and 2014 , respectively . in february 2014 , we acquired the 20 % noncontrolling interest held by lufthansa technik ag ( “ lht ” ) in four of our existing subsidiaries principally operating in the specialty products and distribution businesses within heico aerospace . for further information regarding this acquisition , see note 8 , shareholder 's equity , of the notes to consolidated financial statements . critical accounting policies we believe that the following are our most critical accounting policies , which require management to make judgments about matters that are inherently uncertain . assumptions utilized to determine fair value in connection with business combinations , contingent consideration arrangements and in goodwill and intangible assets impairment tests are highly judgmental . if there is a material change in such assumptions or if there is a material 32 index change in the conditions or circumstances influencing fair value , we could be required to recognize a material impairment charge . see item 1a . , risk factors , for a list of factors which may cause our actual results to differ materially from anticipated results . revenue recognition revenue from the sale of products and the rendering of services is recognized when title and risk of loss passes to the customer , which is generally at the time of shipment . revenue from certain fixed price contracts for which costs can be dependably estimated is recognized on the percentage-of-completion method , measured by the percentage of costs incurred to date to estimated total costs for each contract . this method is used because management considers costs incurred to be the best available measure of progress on these contracts . revisions in cost estimates as contracts progress have the effect of increasing or decreasing profits in the period of revision . revisions in cost estimates may be caused by factors such as the price or availability of raw materials and component parts or variations in the amount of labor required and or the materials necessary to meet customer specifications and requirements . provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined . the percentage of our net sales recognized under the percentage-of-completion method was approximately 3 % , 4 % and 3 % in fiscal 2016 , 2015 and 2014 , respectively . story_separator_special_tag 39 index comparison of fiscal 2015 to fiscal 2014 net sales our net sales in fiscal 2015 increased by 5 % to a record $ 1,188.6 million , as compared to net sales of $ 1,132.3 million in fiscal 2014. the increase in consolidated net sales reflects an increase of $ 46.9 million ( a 6 % increase ) to a record $ 809.7 million in net sales within the fsg as well as an increase of $ 11.6 million ( a 3 % increase ) to a record $ 391.0 million in net sales within the etg . the net sales increase in the fsg reflects net sales of $ 54.9 million contributed by our fiscal 2015 acquisitions as well as additional net sales in our aftermarket replacement parts and repair and overhaul services product lines of $ 11.4 million principally from new product and service offerings . the net sales increase within the fsg was partially offset by a $ 19.4 million organic net sales decrease in our specialty products lines principally reflecting lower net sales of certain industrial products that are attributable to the completion of a customer 's multi-year orders in late fiscal 2014. as a result of the net sales decrease of certain industrial products , the fsg experienced a 1 % organic revenue decline in fiscal 2015. excluding industrial net sales , the fsg experienced organic growth of 3 % in fiscal 2015. the net sales increase in the etg reflects net sales of $ 8.0 million contributed by a fiscal 2015 acquisition as well as organic growth of 1 % resulting from an aggregate net sales increase of $ 7.6 million attributed to higher demand for certain of our defense , other electronics and aerospace products . the net sales increase within the etg was partially offset by a $ 3.9 million net sales decrease from lower demand for certain of the etg 's space and telecommunications products . sales price changes were not a significant contributing factor to the fsg and etg net sales growth in fiscal 2015. our net sales in fiscal 2015 and 2014 by market consisted of approximately 57 % and 56 % , respectively , from the commercial aviation industry , 27 % and 26 % , respectively , from the defense and space industries , and 16 % and 18 % , respectively , from other industrial markets including medical , electronics and telecommunications . gross profit and operating expenses our consolidated gross profit margin increased to 36.5 % in fiscal 2015 as compared to 35.2 % in fiscal 2014 and principally reflects an increase of 3.8 % in the etg 's gross profit margin as well as a .2 % increase in the fsg 's gross profit margin . the increase in the etg 's gross profit margin is mainly attributed to a more favorable product mix and increased net sales of certain of our defense products . total new product r & d expenses included within our consolidated cost of sales increased to $ 38.7 million in fiscal 2015 compared to $ 37.4 million in fiscal 2014. sg & a expenses were $ 204.5 million and $ 194.9 million in fiscal 2015 and 2014 , respectively , and were a constant 17.2 % of net sales in both fiscal 2015 and 2014. the increase in sg & a expenses principally reflects a $ 28.1 million reduction in the estimated fair value of accrued contingent consideration recorded in the prior year associated with a fiscal 2013 acquisition , partially offset by the impact of $ 13.1 million of impairment losses recorded in the 40 index prior year related to certain intangible assets of the acquired entity and a $ 5.2 million decrease in performance-based compensation expense . see note 7 , fair value measurements , of the notes to consolidated financial statements for additional information . operating income operating income in fiscal 2015 increased by 13 % to a record $ 229.7 million as compared to operating income of $ 203.4 million in fiscal 2014. the increase in operating income reflects a $ 13.3 million increase ( a 10 % increase ) to a record $ 149.8 million in operating income of the fsg in fiscal 2015 , up from $ 136.5 million in fiscal 2014 and a $ 9.9 million increase ( an 11 % increase ) in operating income of the etg to a record $ 98.8 million in fiscal 2015 , up from $ 88.9 million in fiscal 2014. the increase in operating income of the fsg principally reflects the aforementioned net sales growth , a $ 2.6 million decrease in performance-based compensation expense , the improved gross profit margin and $ 1.4 million of unrealized gains from foreign currency transaction adjustments on our euro denominated contingent consideration liability , partially offset by a $ 3.2 million increase in amortization expense of intangible assets recognized in connection with the fiscal 2015 acquired businesses . the increase in operating income of the etg principally reflects the previously mentioned improved gross profit margin and net sales growth , a $ 15.0 million impact from prior year intangible asset impairment losses and a $ 4.0 million decrease in amortization expense of intangible assets , partially offset by the impact of the prior year reduction in the estimated fair value of accrued contingent consideration . additionally , the increase in consolidated operating income reflects a $ 3.3 million decrease in corporate expenses principally due to $ 2.3 million of unrealized gains from foreign currency transaction adjustments on euro borrowings and lower performance-based compensation expense . consolidated operating income as a percentage of net sales increased to 19.3 % in fiscal 2015 , up from 18.0 % in fiscal 2014. the increase in consolidated operating income as a percentage of net sales is mainly attributed to an increase in the etg 's operating income as a percentage of net sales to 25.3 % in fiscal 2015 , up

