15 summary of 2014 results consolidated net sales reached approximately $ 1,041 million during 2014 , increasing by approximately 3 % as compared to prior-year net sales of $ 1,014 million , driven by growth in both retail and foodservice markets . gross margin increased 2 % to approximately $ 248.6 million from the prior-year comparable total of $ 244.7 million . the benefits of the higher sales volumes and lower material costs were somewhat offset by increased trade promotion and lower foodservice pricing . net income , which reflected an after-tax loss on the sale of our candle manufacturing and marketing operations of $ 29.1 million , totaled approximately $ 75.0 million in 2014 , or $ 2.74 per diluted share , compared to net income of $ 109.2 million , or $ 3.99 per diluted share , in 2013 . net income in 2012 totaled approximately $ 95.8 million , or $ 3.51 per diluted share . looking forward for 2015 , we anticipate volume-driven growth from both retail and foodservice sales channels . we will also continue to review acquisition opportunities within the specialty foods segment that are consistent with our growth strategy and represent good value or otherwise provide significant strategic benefits . however , continued unsettled economic conditions affecting consumer and retailer buying patterns and market acceptance of our new product lines are among the many influences that may impact our ability to improve sales and operating margins in the coming year . based on current market conditions , we foresee modestly favorable material cost comparisons for the first half of 2015 . however , as witnessed in 2014 , the lower trends in material costs will be offset , in part , by some lower pricing in our foodservice business . future changes in the climate , economy and regulatory environment could influence these costs . to help offset or stabilize material costs , we have historically pursued various pricing actions and operational strategies that we believe will aid our future results . we continue to limit some of our exposure to volatile swings in food commodity costs through a structured purchasing program for certain key materials . changes in other recurring costs , such as marketing , transportation or operational expenses , may also impact our overall results . for a more-detailed discussion of the effect of commodity costs , see the “ impact of inflation ” section of this md & a below . we will continue to periodically reassess our allocation of capital to ensure that we maintain adequate operating flexibility while providing appropriate levels of cash returns to our shareholders , whether through share repurchases or cash dividends , including special dividends , if appropriate . review of consolidated operations net sales and gross margin replace_table_token_4_th 2014 to 2013 consolidated net sales for the year ended june 30 , 2014 increased by approximately 3 % to a new record of approximately $ 1,041 million from the prior-year record total of $ 1,014 million . in general , the overall increase was driven by higher sales volumes for both retail and foodservice . for our sales to the retail channel , which increased approximately 2 % , growth was achieved among several non-frozen product lines , including salad dressings and croutons . sales of products for national account customers drove most of the increase of approximately 3 % in foodservice sales , although this was offset in part by lower pricing to these customers . as measured by pounds shipped , total volume for the segment is estimated to have improved by approximately 4 % . in 2014 , deflationary trends affected net sales to the foodservice channel due to lower commodity costs . lower foodservice pricing represented less than 1 % of net sales in 2014 . similarly , the impact of pricing was slight on retail sales , although trade promotional intensity increased , in part to support a greater investment in new product introductions . as a percentage of net sales , sales of retail products declined slightly to approximately 51 % from 52 % in 2013 . 16 our gross margin as a percentage of net sales was approximately 23.9 % in 2014 compared with 24.1 % in 2013 . the 2014 gross margin percentage reflected the improved sales volumes and favorable ingredient costs ( especially for soybean oil , sweeteners and eggs ) , but these benefits were offset by increased trade promotion costs , which included increased costs related to new product introductions , and lower pricing in the foodservice channel , as well as increased distribution costs and plant inefficiencies . we estimate that lower material costs beneficially affected results by approximately 1 % of net sales . 2013 to 2012 during 2013 , net sales exceeded $ 1 billion for the first time , surpassing a record sales level set in 2012 . net sales for 2013 totaled approximately $ 1,014 million , an increase of 3 % from the 2012 total of $ 989 million . the increase primarily reflected higher retail and foodservice sales volumes . as measured by pounds shipped , volume is estimated to have improved by approximately 1 % and was derived primarily from sales to the foodservice channel . the retail net sales increase of approximately 3 % reflected the incremental benefit from some recently introduced food products , higher pricing and a reduced level of coupon redemption costs . foodservice net sales increased approximately 2 % on expanded volumes associated with certain existing customer programs . higher pricing contributed less than one-third of the segment 's net sales growth for 2013 . as a percentage of sales , sales of retail products remained relatively unchanged at approximately 52 % . our gross margin as a percentage of net sales was approximately 24.1 % in 2013 compared with 22.6 % in 2012 . story_separator_special_tag 21 accrued taxes our annual tax rate is determined based on our income , statutory tax rates and the permanent tax impacts of items treated differently for tax purposes than for financial reporting purposes . tax law requires certain items be included in the tax return at different times than the items are reflected in the financial statements . some of these differences are permanent , such as expenses that are not deductible in our tax return , and some differences are temporary , reversing over time , such as depreciation expense . these temporary differences create deferred tax assets and liabilities . the effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date . realization of certain deferred tax assets is dependent upon generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods . in accordance with accounting literature related to uncertainty in income taxes , tax benefits from uncertain tax positions that are recognized in the financial statements are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement . considerable management judgment is necessary to assess the inherent uncertainties related to the interpretations of complex tax laws , regulations , and taxing authority rulings , as well as to the expiration of statutes of limitations in the jurisdictions in which we operate . if our evaluation of these factors should change in any period , there is a risk our effective tax rate could increase or decrease , impacting our net earnings . accruals for self-insurance self-insurance accruals are made for certain claims associated with employee health care , workers ' compensation and general liability insurance . these accruals include estimates that may be based on historical loss development factors . differences in estimates and assumptions could result in an accrual requirement materially different from the calculated accrual . accounting for pension plans and other postretirement benefit plans to determine our ultimate obligation under our defined benefit pension plans and our other postretirement benefit plans , we must estimate the future cost of benefits and attribute that cost to the time period during which each covered employee works . to record the related net assets and obligation of such benefit plans , we use assumptions related to inflation , investment returns , mortality , employee turnover , medical costs and discount rates . to determine the discount rate , we , along with our third-party actuaries , considered several factors , including the current rates of various bond indices , such as the moody 's aa long-term bond index , yield curve analysis results from our actuaries based on expected cash flows of our plans , and the past history of discount rates used for the plan valuation . we , along with our third-party actuaries , review all of these assumptions on an ongoing basis to ensure that the most reasonable information available is being considered . changes in assumptions and future investment returns could potentially have a material impact on pension expense and related funding requirements . we recognize the overfunded or underfunded status of our defined benefit plans as an asset or liability in our consolidated balance sheet . any changes in that funded status caused by subsequent plan revaluations are recognized through comprehensive income . we may also experience future plan settlements or curtailments having unanticipated effects on operating results . recently issued accounting standards in may 2014 , the financial accounting standards board ( `` fasb `` ) issued accounting standards update ( “ asu ” ) no . 2014-09 , “ revenue from contracts with customers ” ( “ asu 14-09 ” ) which creates a comprehensive set of guidelines for the recognition of revenue under the principle : “ recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . ” the requirements of asu 14-09 are effective for fiscal years , and interim periods within those years , beginning after december 15 , 2016 and will require either retrospective application to each prior period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption . we are currently evaluating the impact this asu will have on our financial position and results of operations . recently adopted accounting standards there were no recently adopted accounting pronouncements that impacted our consolidated financial statements . forward-looking statements we desire to take advantage of the “ safe harbor ” provisions of the private securities litigation reform act of 1995 ( the “ pslra ” ) . this annual report on form 10-k contains various “ forward-looking statements ” within the meaning of the pslra and other applicable securities laws . such statements can be identified by the use of the forward-looking words “ anticipate , ” “ estimate , ” “ project , ” “ believe , ” “ intend , ” “ plan , ” “ expect , ” “ hope ” or similar words . these statements discuss future expectations ; contain projections regarding future developments , operations or financial conditions ; or state other 22 forward-looking information . such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends , current conditions , expected future developments and other factors we believe to be appropriate . these forward-looking statements involve various important risks , uncertainties and other factors that could cause our actual results to differ materially from those expressed in the forward-looking statements . actual results may differ as a result of factors over which we have no , or limited , control including , without limitation , the specific influences outlined below . management

cash flows replace_table_token_7_th our cash flows for the years 2012 through 2014 are presented in the consolidated statements of cash flows . cash flow generated from operations remains the primary source of financing for our internal growth . cash provided by operating activities in 2014 totaled approximately $ 129.1 million , a decrease of 2 % as compared with the prior-year total of $ 131.7 million , which increased 8 % from the 2012 total of $ 122.4 million . the 2014 operating cash flow was impacted by the sale of our candle manufacturing and marketing operations on january 30 , 2014. see note 2 to the consolidated financial statements for further information regarding this sale . cash provided by operating activities was also impacted by the relative changes in working capital , particularly accounts receivable and accrued liabilities and the change in net income . the 2013 increase in cash provided by operating activities from the 2012 level primarily resulted from higher net income . cash provided by investing activities totaled approximately $ 8.5 million in 2014 . cash used in investing activities totaled approximately $ 22.4 million in 2013 and $ 16.6 million in 2012 . the 2014 increase in cash provided by investing activities is due to the proceeds from the sale of our candle manufacturing and marketing operations , as well as a decrease in capital expenditures . the 2013 increase in cash used in investing activities from the 2012 level reflected higher capital expenditures in 2013 , including expenditures for expanded crouton manufacturing capacity . capital expenditures totaled approximately $ 16.0 million in 2014 , compared to $ 24.1 million in 2013 and $ 16.3 million in 2012 . based on our current plans and expectations , we believe that our total capital expenditures for 2015 could total approximately $ 20 million . financing activities used net cash totaling approximately $ 49.4 million , $ 177.6 million and $ 46.5 million in 2014 , 2013 and 2012 , respectively .


 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.
     ```cash flows replace_table_token_7_th our cash flows for the years 2012 through 2014 are presented in the consolidated statements of cash flows . cash flow generated from operations remains the primary source of financing for our internal growth . cash provided by operating activities in 2014 totaled approximately $ 129.1 million , a decrease of 2 % as compared with the prior-year total of $ 131.7 million , which increased 8 % from the 2012 total of $ 122.4 million . the 2014 operating cash flow was impacted by the sale of our candle manufacturing and marketing operations on january 30 , 2014. see note 2 to the consolidated financial statements for further information regarding this sale . cash provided by operating activities was also impacted by the relative changes in working capital , particularly accounts receivable and accrued liabilities and the change in net income . the 2013 increase in cash provided by operating activities from the 2012 level primarily resulted from higher net income . cash provided by investing activities totaled approximately $ 8.5 million in 2014 . cash used in investing activities totaled approximately $ 22.4 million in 2013 and $ 16.6 million in 2012 . the 2014 increase in cash provided by investing activities is due to the proceeds from the sale of our candle manufacturing and marketing operations , as well as a decrease in capital expenditures . the 2013 increase in cash used in investing activities from the 2012 level reflected higher capital expenditures in 2013 , including expenditures for expanded crouton manufacturing capacity . capital expenditures totaled approximately $ 16.0 million in 2014 , compared to $ 24.1 million in 2013 and $ 16.3 million in 2012 . based on our current plans and expectations , we believe that our total capital expenditures for 2015 could total approximately $ 20 million . financing activities used net cash totaling approximately $ 49.4 million , $ 177.6 million and $ 46.5 million in 2014 , 2013 and 2012 , respectively .
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 Suspicious Activity Report : 15 summary of 2014 results consolidated net sales reached approximately $ 1,041 million during 2014 , increasing by approximately 3 % as compared to prior-year net sales of $ 1,014 million , driven by growth in both retail and foodservice markets . gross margin increased 2 % to approximately $ 248.6 million from the prior-year comparable total of $ 244.7 million . the benefits of the higher sales volumes and lower material costs were somewhat offset by increased trade promotion and lower foodservice pricing . net income , which reflected an after-tax loss on the sale of our candle manufacturing and marketing operations of $ 29.1 million , totaled approximately $ 75.0 million in 2014 , or $ 2.74 per diluted share , compared to net income of $ 109.2 million , or $ 3.99 per diluted share , in 2013 . net income in 2012 totaled approximately $ 95.8 million , or $ 3.51 per diluted share . looking forward for 2015 , we anticipate volume-driven growth from both retail and foodservice sales channels . we will also continue to review acquisition opportunities within the specialty foods segment that are consistent with our growth strategy and represent good value or otherwise provide significant strategic benefits . however , continued unsettled economic conditions affecting consumer and retailer buying patterns and market acceptance of our new product lines are among the many influences that may impact our ability to improve sales and operating margins in the coming year . based on current market conditions , we foresee modestly favorable material cost comparisons for the first half of 2015 . however , as witnessed in 2014 , the lower trends in material costs will be offset , in part , by some lower pricing in our foodservice business . future changes in the climate , economy and regulatory environment could influence these costs . to help offset or stabilize material costs , we have historically pursued various pricing actions and operational strategies that we believe will aid our future results . we continue to limit some of our exposure to volatile swings in food commodity costs through a structured purchasing program for certain key materials . changes in other recurring costs , such as marketing , transportation or operational expenses , may also impact our overall results . for a more-detailed discussion of the effect of commodity costs , see the “ impact of inflation ” section of this md & a below . we will continue to periodically reassess our allocation of capital to ensure that we maintain adequate operating flexibility while providing appropriate levels of cash returns to our shareholders , whether through share repurchases or cash dividends , including special dividends , if appropriate . review of consolidated operations net sales and gross margin replace_table_token_4_th 2014 to 2013 consolidated net sales for the year ended june 30 , 2014 increased by approximately 3 % to a new record of approximately $ 1,041 million from the prior-year record total of $ 1,014 million . in general , the overall increase was driven by higher sales volumes for both retail and foodservice . for our sales to the retail channel , which increased approximately 2 % , growth was achieved among several non-frozen product lines , including salad dressings and croutons . sales of products for national account customers drove most of the increase of approximately 3 % in foodservice sales , although this was offset in part by lower pricing to these customers . as measured by pounds shipped , total volume for the segment is estimated to have improved by approximately 4 % . in 2014 , deflationary trends affected net sales to the foodservice channel due to lower commodity costs . lower foodservice pricing represented less than 1 % of net sales in 2014 . similarly , the impact of pricing was slight on retail sales , although trade promotional intensity increased , in part to support a greater investment in new product introductions . as a percentage of net sales , sales of retail products declined slightly to approximately 51 % from 52 % in 2013 . 16 our gross margin as a percentage of net sales was approximately 23.9 % in 2014 compared with 24.1 % in 2013 . the 2014 gross margin percentage reflected the improved sales volumes and favorable ingredient costs ( especially for soybean oil , sweeteners and eggs ) , but these benefits were offset by increased trade promotion costs , which included increased costs related to new product introductions , and lower pricing in the foodservice channel , as well as increased distribution costs and plant inefficiencies . we estimate that lower material costs beneficially affected results by approximately 1 % of net sales . 2013 to 2012 during 2013 , net sales exceeded $ 1 billion for the first time , surpassing a record sales level set in 2012 . net sales for 2013 totaled approximately $ 1,014 million , an increase of 3 % from the 2012 total of $ 989 million . the increase primarily reflected higher retail and foodservice sales volumes . as measured by pounds shipped , volume is estimated to have improved by approximately 1 % and was derived primarily from sales to the foodservice channel . the retail net sales increase of approximately 3 % reflected the incremental benefit from some recently introduced food products , higher pricing and a reduced level of coupon redemption costs . foodservice net sales increased approximately 2 % on expanded volumes associated with certain existing customer programs . higher pricing contributed less than one-third of the segment 's net sales growth for 2013 . as a percentage of sales , sales of retail products remained relatively unchanged at approximately 52 % . our gross margin as a percentage of net sales was approximately 24.1 % in 2013 compared with 22.6 % in 2012 . story_separator_special_tag 21 accrued taxes our annual tax rate is determined based on our income , statutory tax rates and the permanent tax impacts of items treated differently for tax purposes than for financial reporting purposes . tax law requires certain items be included in the tax return at different times than the items are reflected in the financial statements . some of these differences are permanent , such as expenses that are not deductible in our tax return , and some differences are temporary , reversing over time , such as depreciation expense . these temporary differences create deferred tax assets and liabilities . the effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date . realization of certain deferred tax assets is dependent upon generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods . in accordance with accounting literature related to uncertainty in income taxes , tax benefits from uncertain tax positions that are recognized in the financial statements are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement . considerable management judgment is necessary to assess the inherent uncertainties related to the interpretations of complex tax laws , regulations , and taxing authority rulings , as well as to the expiration of statutes of limitations in the jurisdictions in which we operate . if our evaluation of these factors should change in any period , there is a risk our effective tax rate could increase or decrease , impacting our net earnings . accruals for self-insurance self-insurance accruals are made for certain claims associated with employee health care , workers ' compensation and general liability insurance . these accruals include estimates that may be based on historical loss development factors . differences in estimates and assumptions could result in an accrual requirement materially different from the calculated accrual . accounting for pension plans and other postretirement benefit plans to determine our ultimate obligation under our defined benefit pension plans and our other postretirement benefit plans , we must estimate the future cost of benefits and attribute that cost to the time period during which each covered employee works . to record the related net assets and obligation of such benefit plans , we use assumptions related to inflation , investment returns , mortality , employee turnover , medical costs and discount rates . to determine the discount rate , we , along with our third-party actuaries , considered several factors , including the current rates of various bond indices , such as the moody 's aa long-term bond index , yield curve analysis results from our actuaries based on expected cash flows of our plans , and the past history of discount rates used for the plan valuation . we , along with our third-party actuaries , review all of these assumptions on an ongoing basis to ensure that the most reasonable information available is being considered . changes in assumptions and future investment returns could potentially have a material impact on pension expense and related funding requirements . we recognize the overfunded or underfunded status of our defined benefit plans as an asset or liability in our consolidated balance sheet . any changes in that funded status caused by subsequent plan revaluations are recognized through comprehensive income . we may also experience future plan settlements or curtailments having unanticipated effects on operating results . recently issued accounting standards in may 2014 , the financial accounting standards board ( `` fasb `` ) issued accounting standards update ( “ asu ” ) no . 2014-09 , “ revenue from contracts with customers ” ( “ asu 14-09 ” ) which creates a comprehensive set of guidelines for the recognition of revenue under the principle : “ recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . ” the requirements of asu 14-09 are effective for fiscal years , and interim periods within those years , beginning after december 15 , 2016 and will require either retrospective application to each prior period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption . we are currently evaluating the impact this asu will have on our financial position and results of operations . recently adopted accounting standards there were no recently adopted accounting pronouncements that impacted our consolidated financial statements . forward-looking statements we desire to take advantage of the “ safe harbor ” provisions of the private securities litigation reform act of 1995 ( the “ pslra ” ) . this annual report on form 10-k contains various “ forward-looking statements ” within the meaning of the pslra and other applicable securities laws . such statements can be identified by the use of the forward-looking words “ anticipate , ” “ estimate , ” “ project , ” “ believe , ” “ intend , ” “ plan , ” “ expect , ” “ hope ” or similar words . these statements discuss future expectations ; contain projections regarding future developments , operations or financial conditions ; or state other 22 forward-looking information . such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends , current conditions , expected future developments and other factors we believe to be appropriate . these forward-looking statements involve various important risks , uncertainties and other factors that could cause our actual results to differ materially from those expressed in the forward-looking statements . actual results may differ as a result of factors over which we have no , or limited , control including , without limitation , the specific influences outlined below . management

