the delivery of the goods to the customer completes the earnings process . net sales consist of product sales and related delivery charge revenue , net of adjustments for returns and allowances . shipping and handling costs are included in cost of goods sold . recently issued accounting pronouncements see item 8. note 1 to the company 's consolidated financial statements . results of operations the following table has been prepared as an aid in understanding the company 's results of operations on a comparative basis for the fiscal years ended june 30 , 2015 , 2014 and 2013. amounts presented are percentages of the company 's net sales . replace_table_token_7_th 9 fiscal 2015 compared to fiscal 2014 net sales for fiscal 2015 were $ 467.0 million compared to $ 438.5 million in the prior fiscal year , an increase of 6.5 % . for the fiscal year ended june 30 , 2015 , residential net sales were $ 393.1 million compared to $ 359.5 million for the year ended june 30 , 2014 , an increase of 9.3 % . the residential net sales increase of $ 33.6 million for the year ended june 30 , 2015 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 73.8 million for the year ended june 30 , 2015 , a decrease of 6.6 % from net sales of $ 79.0 million for the year ended june 30 , 2014. gross margin for the fiscal year ended june 30 , 2015 was 23.5 % compared to 22.9 % for the prior fiscal year . the improvement in gross margin for the fiscal year is primarily driven by declining inventory write downs . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2015 were 16.2 % of net sales compared to 16.4 % in the prior fiscal year . the company incurred approximately $ 0.6 million of legal defense costs during the current fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 0.2 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the current fiscal year . the prior fiscal year included $ 2.1 million in legal defense costs which was offset by reimbursements of $ 2.8 million from insurers . the effective tax rate was 37.3 % and 37.0 % for fiscal years ended june 30 , 2015 and 2014. the fiscal year 2015 net income increased $ 7.3 million to $ 22.3 million , the highest ever reported for the company . the number of diluted shares increased during fiscal 2015 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2015 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.89 for fiscal year 2015 versus $ 2.00 for fiscal year 2014. all earnings per share amounts are on a diluted basis . fiscal 2014 compared to fiscal 2013 net sales for fiscal 2014 were $ 438.5 million compared to $ 386.2 million in fiscal 2013 , an increase of 13.6 % . for the fiscal year ended june 30 , 2014 , residential net sales were $ 359.6 million compared to $ 311.2 million for the year ended june 30 , 2013 , an increase of 15.5 % . the residential net sales increase of $ 48.3 million for the year ended june 30 , 2014 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 79.0 million for the year ended june 30 , 2014 , an increase of 5.3 % from net sales of $ 75.0 million for the year ended june 30 , 2013. gross margin for the fiscal year ended june 30 , 2014 was 22.9 % compared to 23.4 % for the fiscal year ended june 30 , 2013. the decrease in fiscal 2014 was primarily due to price discounting on certain case goods to address changing customer requirements . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2014 were 16.4 % of net sales compared to 18.2 % in the fiscal year ended june 30 , 2013. the company incurred approximately $ 2.1 million of legal defense costs during the 2014 fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 2.8 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the 2014 fiscal year . fiscal year 2013 included $ 2.3 million in legal defense costs . in december 2013 , the company entered into an agreement to settle the indiana civil litigation in order to eliminate the ongoing costs and distraction of the litigation . in february 2014 , the company contributed $ 6.25 million to the settlement as part of an agreement . in reaching the agreement , the company did not admit any wrongdoing and believes that it did not cause or contribute to the contamination at issue . this amount is recorded as litigation settlement costs in the consolidated statements of income . the effective tax rate was 37.0 % for fiscal years ended june 30 , 2014 and 2013. the fiscal year 2014 net income increased $ 1.8 million to $ 15.0 million . the number of diluted shares increased during fiscal 2014 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2014 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.00 for fiscal year 2014 versus $ 1.80 for fiscal year 2013. all earnings per share amounts story_separator_special_tag the delivery of the goods to the customer completes the earnings process . net sales consist of product sales and related delivery charge revenue , net of adjustments for returns and allowances . shipping and handling costs are included in cost of goods sold . recently issued accounting pronouncements see item 8. note 1 to the company 's consolidated financial statements . results of operations the following table has been prepared as an aid in understanding the company 's results of operations on a comparative basis for the fiscal years ended june 30 , 2015 , 2014 and 2013. amounts presented are percentages of the company 's net sales . replace_table_token_7_th 9 fiscal 2015 compared to fiscal 2014 net sales for fiscal 2015 were $ 467.0 million compared to $ 438.5 million in the prior fiscal year , an increase of 6.5 % . for the fiscal year ended june 30 , 2015 , residential net sales were $ 393.1 million compared to $ 359.5 million for the year ended june 30 , 2014 , an increase of 9.3 % . the residential net sales increase of $ 33.6 million for the year ended june 30 , 2015 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 73.8 million for the year ended june 30 , 2015 , a decrease of 6.6 % from net sales of $ 79.0 million for the year ended june 30 , 2014. gross margin for the fiscal year ended june 30 , 2015 was 23.5 % compared to 22.9 % for the prior fiscal year . the improvement in gross margin for the fiscal year is primarily driven by declining inventory write downs . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2015 were 16.2 % of net sales compared to 16.4 % in the prior fiscal year . the company incurred approximately $ 0.6 million of legal defense costs during the current fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 0.2 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the current fiscal year . the prior fiscal year included $ 2.1 million in legal defense costs which was offset by reimbursements of $ 2.8 million from insurers . the effective tax rate was 37.3 % and 37.0 % for fiscal years ended june 30 , 2015 and 2014. the fiscal year 2015 net income increased $ 7.3 million to $ 22.3 million , the highest ever reported for the company . the number of diluted shares increased during fiscal 2015 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2015 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.89 for fiscal year 2015 versus $ 2.00 for fiscal year 2014. all earnings per share amounts are on a diluted basis . fiscal 2014 compared to fiscal 2013 net sales for fiscal 2014 were $ 438.5 million compared to $ 386.2 million in fiscal 2013 , an increase of 13.6 % . for the fiscal year ended june 30 , 2014 , residential net sales were $ 359.6 million compared to $ 311.2 million for the year ended june 30 , 2013 , an increase of 15.5 % . the residential net sales increase of $ 48.3 million for the year ended june 30 , 2014 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 79.0 million for the year ended june 30 , 2014 , an increase of 5.3 % from net sales of $ 75.0 million for the year ended june 30 , 2013. gross margin for the fiscal year ended june 30 , 2014 was 22.9 % compared to 23.4 % for the fiscal year ended june 30 , 2013. the decrease in fiscal 2014 was primarily due to price discounting on certain case goods to address changing customer requirements . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2014 were 16.4 % of net sales compared to 18.2 % in the fiscal year ended june 30 , 2013. the company incurred approximately $ 2.1 million of legal defense costs during the 2014 fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 2.8 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the 2014 fiscal year . fiscal year 2013 included $ 2.3 million in legal defense costs . in december 2013 , the company entered into an agreement to settle the indiana civil litigation in order to eliminate the ongoing costs and distraction of the litigation . in february 2014 , the company contributed $ 6.25 million to the settlement as part of an agreement . in reaching the agreement , the company did not admit any wrongdoing and believes that it did not cause or contribute to the contamination at issue . this amount is recorded as litigation settlement costs in the consolidated statements of income . the effective tax rate was 37.0 % for fiscal years ended june 30 , 2014 and 2013. the fiscal year 2014 net income increased $ 1.8 million to $ 15.0 million . the number of diluted shares increased during fiscal 2014 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2014 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.00 for fiscal year 2014 versus $ 1.80 for fiscal year 2013. all earnings per share amounts

liquidity and capital resources working capital ( current assets less current liabilities ) at june 30 , 2015 was $ 119.9 million as compared to $ 128.6 million at june 30 , 2014. significant changes in working capital during fiscal year 2015 included a decrease in cash of $ 20.9 million and increases in inventories of $ 15.9 million , short term borrowings of $ 11.9 million , accounts receivable of $ 6.6 million and accounts payable of $ 2.5 million . during the fiscal year , the company utilized cash and borrowings to acquire and ready a distribution center in edgerton , kansas . the increase in inventory primarily supports anticipated increased sales volume in upholstered and case goods product categories . the increase in accounts receivable is due to the increase in sales volume and timing of collections . the increase in accounts payable is due to timing of payments . the company 's main sources of liquidity are cash , cash flows from operations and credit arrangements . as of june 30 , 2015 and 2014 , the company had cash totaling $ 1.3 million and $ 22.2 million , respectively . the company maintains an unsecured credit agreement which was amended on june 29 , 2015 , and provides short-term working capital financing up to $ 30.0 million with interest of libor plus 1 % , including up to $ 4.0 million of letters of credit . the amendment reduced the borrowing availability from $ 65.0 million to $ 30.0 million . letters of credit outstanding at june 30 , 2015 totaled $ 2.9 million . as of june 30 , 2015 , the company utilized $ 10.6 million of borrowing availability under the credit facility during the year , other than the aforementioned letters of credit , leaving borrowing availability of $ 16.5 million .


 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 working capital ( current assets less current liabilities ) at june 30 , 2015 was $ 119.9 million as compared to $ 128.6 million at june 30 , 2014. significant changes in working capital during fiscal year 2015 included a decrease in cash of $ 20.9 million and increases in inventories of $ 15.9 million , short term borrowings of $ 11.9 million , accounts receivable of $ 6.6 million and accounts payable of $ 2.5 million . during the fiscal year , the company utilized cash and borrowings to acquire and ready a distribution center in edgerton , kansas . the increase in inventory primarily supports anticipated increased sales volume in upholstered and case goods product categories . the increase in accounts receivable is due to the increase in sales volume and timing of collections . the increase in accounts payable is due to timing of payments . the company 's main sources of liquidity are cash , cash flows from operations and credit arrangements . as of june 30 , 2015 and 2014 , the company had cash totaling $ 1.3 million and $ 22.2 million , respectively . the company maintains an unsecured credit agreement which was amended on june 29 , 2015 , and provides short-term working capital financing up to $ 30.0 million with interest of libor plus 1 % , including up to $ 4.0 million of letters of credit . the amendment reduced the borrowing availability from $ 65.0 million to $ 30.0 million . letters of credit outstanding at june 30 , 2015 totaled $ 2.9 million . as of june 30 , 2015 , the company utilized $ 10.6 million of borrowing availability under the credit facility during the year , other than the aforementioned letters of credit , leaving borrowing availability of $ 16.5 million .
```    
 Suspicious Activity Report : the delivery of the goods to the customer completes the earnings process . net sales consist of product sales and related delivery charge revenue , net of adjustments for returns and allowances . shipping and handling costs are included in cost of goods sold . recently issued accounting pronouncements see item 8. note 1 to the company 's consolidated financial statements . results of operations the following table has been prepared as an aid in understanding the company 's results of operations on a comparative basis for the fiscal years ended june 30 , 2015 , 2014 and 2013. amounts presented are percentages of the company 's net sales . replace_table_token_7_th 9 fiscal 2015 compared to fiscal 2014 net sales for fiscal 2015 were $ 467.0 million compared to $ 438.5 million in the prior fiscal year , an increase of 6.5 % . for the fiscal year ended june 30 , 2015 , residential net sales were $ 393.1 million compared to $ 359.5 million for the year ended june 30 , 2014 , an increase of 9.3 % . the residential net sales increase of $ 33.6 million for the year ended june 30 , 2015 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 73.8 million for the year ended june 30 , 2015 , a decrease of 6.6 % from net sales of $ 79.0 million for the year ended june 30 , 2014. gross margin for the fiscal year ended june 30 , 2015 was 23.5 % compared to 22.9 % for the prior fiscal year . the improvement in gross margin for the fiscal year is primarily driven by declining inventory write downs . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2015 were 16.2 % of net sales compared to 16.4 % in the prior fiscal year . the company incurred approximately $ 0.6 million of legal defense costs during the current fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 0.2 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the current fiscal year . the prior fiscal year included $ 2.1 million in legal defense costs which was offset by reimbursements of $ 2.8 million from insurers . the effective tax rate was 37.3 % and 37.0 % for fiscal years ended june 30 , 2015 and 2014. the fiscal year 2015 net income increased $ 7.3 million to $ 22.3 million , the highest ever reported for the company . the number of diluted shares increased during fiscal 2015 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2015 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.89 for fiscal year 2015 versus $ 2.00 for fiscal year 2014. all earnings per share amounts are on a diluted basis . fiscal 2014 compared to fiscal 2013 net sales for fiscal 2014 were $ 438.5 million compared to $ 386.2 million in fiscal 2013 , an increase of 13.6 % . for the fiscal year ended june 30 , 2014 , residential net sales were $ 359.6 million compared to $ 311.2 million for the year ended june 30 , 2013 , an increase of 15.5 % . the residential net sales increase of $ 48.3 million for the year ended june 30 , 2014 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 79.0 million for the year ended june 30 , 2014 , an increase of 5.3 % from net sales of $ 75.0 million for the year ended june 30 , 2013. gross margin for the fiscal year ended june 30 , 2014 was 22.9 % compared to 23.4 % for the fiscal year ended june 30 , 2013. the decrease in fiscal 2014 was primarily due to price discounting on certain case goods to address changing customer requirements . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2014 were 16.4 % of net sales compared to 18.2 % in the fiscal year ended june 30 , 2013. the company incurred approximately $ 2.1 million of legal defense costs during the 2014 fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 2.8 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the 2014 fiscal year . fiscal year 2013 included $ 2.3 million in legal defense costs . in december 2013 , the company entered into an agreement to settle the indiana civil litigation in order to eliminate the ongoing costs and distraction of the litigation . in february 2014 , the company contributed $ 6.25 million to the settlement as part of an agreement . in reaching the agreement , the company did not admit any wrongdoing and believes that it did not cause or contribute to the contamination at issue . this amount is recorded as litigation settlement costs in the consolidated statements of income . the effective tax rate was 37.0 % for fiscal years ended june 30 , 2014 and 2013. the fiscal year 2014 net income increased $ 1.8 million to $ 15.0 million . the number of diluted shares increased during fiscal 2014 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2014 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.00 for fiscal year 2014 versus $ 1.80 for fiscal year 2013. all earnings per share amounts story_separator_special_tag the delivery of the goods to the customer completes the earnings process . net sales consist of product sales and related delivery charge revenue , net of adjustments for returns and allowances . shipping and handling costs are included in cost of goods sold . recently issued accounting pronouncements see item 8. note 1 to the company 's consolidated financial statements . results of operations the following table has been prepared as an aid in understanding the company 's results of operations on a comparative basis for the fiscal years ended june 30 , 2015 , 2014 and 2013. amounts presented are percentages of the company 's net sales . replace_table_token_7_th 9 fiscal 2015 compared to fiscal 2014 net sales for fiscal 2015 were $ 467.0 million compared to $ 438.5 million in the prior fiscal year , an increase of 6.5 % . for the fiscal year ended june 30 , 2015 , residential net sales were $ 393.1 million compared to $ 359.5 million for the year ended june 30 , 2014 , an increase of 9.3 % . the residential net sales increase of $ 33.6 million for the year ended june 30 , 2015 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 73.8 million for the year ended june 30 , 2015 , a decrease of 6.6 % from net sales of $ 79.0 million for the year ended june 30 , 2014. gross margin for the fiscal year ended june 30 , 2015 was 23.5 % compared to 22.9 % for the prior fiscal year . the improvement in gross margin for the fiscal year is primarily driven by declining inventory write downs . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2015 were 16.2 % of net sales compared to 16.4 % in the prior fiscal year . the company incurred approximately $ 0.6 million of legal defense costs during the current fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 0.2 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the current fiscal year . the prior fiscal year included $ 2.1 million in legal defense costs which was offset by reimbursements of $ 2.8 million from insurers . the effective tax rate was 37.3 % and 37.0 % for fiscal years ended june 30 , 2015 and 2014. the fiscal year 2015 net income increased $ 7.3 million to $ 22.3 million , the highest ever reported for the company . the number of diluted shares increased during fiscal 2015 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2015 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.89 for fiscal year 2015 versus $ 2.00 for fiscal year 2014. all earnings per share amounts are on a diluted basis . fiscal 2014 compared to fiscal 2013 net sales for fiscal 2014 were $ 438.5 million compared to $ 386.2 million in fiscal 2013 , an increase of 13.6 % . for the fiscal year ended june 30 , 2014 , residential net sales were $ 359.6 million compared to $ 311.2 million for the year ended june 30 , 2013 , an increase of 15.5 % . the residential net sales increase of $ 48.3 million for the year ended june 30 , 2014 resulted from capturing demand for upholstered and ready-to-assemble products . commercial net sales were $ 79.0 million for the year ended june 30 , 2014 , an increase of 5.3 % from net sales of $ 75.0 million for the year ended june 30 , 2013. gross margin for the fiscal year ended june 30 , 2014 was 22.9 % compared to 23.4 % for the fiscal year ended june 30 , 2013. the decrease in fiscal 2014 was primarily due to price discounting on certain case goods to address changing customer requirements . selling , general and administrative expenses ( sg & a ) for the fiscal year ended june 30 , 2014 were 16.4 % of net sales compared to 18.2 % in the fiscal year ended june 30 , 2013. the company incurred approximately $ 2.1 million of legal defense costs during the 2014 fiscal year which has been recorded in sg & a expense . the company received reimbursements of legal defense costs of approximately $ 2.8 million from insurers which has been reflected as a reduction of legal expenses in sg & a expenses for the 2014 fiscal year . fiscal year 2013 included $ 2.3 million in legal defense costs . in december 2013 , the company entered into an agreement to settle the indiana civil litigation in order to eliminate the ongoing costs and distraction of the litigation . in february 2014 , the company contributed $ 6.25 million to the settlement as part of an agreement . in reaching the agreement , the company did not admit any wrongdoing and believes that it did not cause or contribute to the contamination at issue . this amount is recorded as litigation settlement costs in the consolidated statements of income . the effective tax rate was 37.0 % for fiscal years ended june 30 , 2014 and 2013. the fiscal year 2014 net income increased $ 1.8 million to $ 15.0 million . the number of diluted shares increased during fiscal 2014 due to additional shares outstanding and the impact of more dilutive stock options at june 30 , 2014 based on the company 's higher stock trading price , resulting in the company reporting diluted earnings per share of $ 2.00 for fiscal year 2014 versus $ 1.80 for fiscal year 2013. all earnings per share amounts

