however , revenues for the ems business increased in 2015 and 2016 , as we have begun to generate revenue from the ramp-up of new electronic manufacturing services and other technical service programs . on august 16 , 2016 , the company completed the sale of certain assets , intellectual property , contracts and other assets of sypris electronics ( the “ css sale ” ) comprised principally of its siometrics , cyber range , information security solutions and data systems product lines . revenue from the css business is included in our results of operations until the time of sale since the sale was not classified as a discontinued operation in our consolidated financial statements . the assets were sold for $ 42.0 million in cash consideration , $ 1.5 million of which is to be held in escrow for up to 12 months in connection with certain customary representations , warranties , covenants and indemnifications of the company . the retained portion of the sypris electronics segment will continue to provide electronic manufacturing and design support services to customers in the aerospace , defense , medical and severe environment markets , among others . in connection with the css sale , management prepared a business plan for the ems business retained by sypris electronics after the css sale . this plan includes a continuing effort to grow and diversify its electronic manufacturing service business and the identification of opportunities for cost reductions and cash flow enhancements for the retained portion of the business . strategic actions the company completed a number of strategic actions during 2015 and 2016 , in response to the nonrenewal of its supply agreement with dana holding corporation ( “ dana ” ) effective january 1 , 2015 , the subsequent downturn in the commercial vehicle market beginning in the fourth quarter of 2015 and other economic factors impacting the company during last two years . actions taken during 2015 and 2016 include : ( i ) the initiation of the exit of the broadway plant ( see discussion below ) , ( ii ) the css sale , ( iii ) the toluca sale-leaseback , ( iv ) the sale of the company 's manufacturing facility in morganton , north carolina , ( v ) the relocation of its sypris electronics operation to a new facility ( see discussion below ) , ( vi ) reductions in workforce at all locations , and ( vii ) other reductions in employment costs through reduced work schedules , senior management pay reductions , deferral of merit increases and certain benefit payments ( see note 3 , note 4 , note 5 and note 6 to the consolidated financial statements in this form 10-k ) . using a portion of the proceeds generated from asset sales noted above , the company paid off all of its most senior debt in august 2016 and has received the benefit of cash infusions from gill family capital management , inc. ( “ gfcm ' ) in the form of secured promissory note obligations totaling $ 6.5 million in principal through 2016. during 2016 , the company also initiated the process of qualifying production for certain oil and gas industry components in mexico that were previously produced solely in the united states . qualification of production for the first group of these components was completed for the mexico facility during 2016. the company expects this capacity reallocation will continue in 2017 and provide the company with the ability to source components for this market in both the united states and mexico . during the fourth quarter of 2016 , the company completed the relocation of its operations for sypris electronics to a 50,000 square foot leased facility in tampa , florida . sypris electronics previously leased a facility also located in tampa of approximately 300,000 square feet for its operations which also included the css business . all manufacturing operations for sypris electronics will be performed in the new facility which will result in a significant reduction in rent and related operating expenses effective january 1 , 2017 as compared to 2016. relocation costs were expensed when incurred during 2016 and certain assets not retained after the relocation were charged to expense during the fourth quarter of 2016 . 22 the company made several strategic decisions to migrate away from certain of its traditional tier 1 customers in the commercial vehicle markets throughout 2016 , while seeking to replace these customers with longer-term relationships , especially among the heavy truck , off-highway and automotive original equipment manufacturers ( “ oem ” s ) and others who place a higher value on the company 's innovation , flexibility and core commitment to lean manufacturing principles . among the customer programs not being renewed was a supply agreement with meritor inc. that expired on january 1 , 2017 and was produced at the company 's louisville , kentucky automotive and commercial vehicle manufacturing plant ( the “ broadway plant ” ) and the company similarly anticipates a reduction in certain portions of its business with eaton . as a result of these decisions , the company anticipates a significant reduction in its commercial vehicle revenues in 2017 ( see note 3 to the consolidated financial statements in this form 10-k ) . on november 22 , 2016 , the board of directors of the company approved moving forward with the exploration of a range of strategic options for the broadway plant , including the divestiture of the plant , the transitional reduction in its operations to accommodate lower volumes , the relocation of production to other company facilities as needed , and or the closure of the plant . accordingly , management explored various exit or disposal options for the broadway plant with the input of our salaried and unionized employees , our customers and others within the industry . story_separator_special_tag severance , relocation and other costs were $ 1.2 million and $ 1.3 million for the years ended december 31 , 2016 and 2015 , respectively , and were comprised primarily of headcount reductions within sypris technologies as a result of lower volumes and anticipated headcount reductions associated with the closure of the broadway plant . additionally , certain equipment relocation costs were incurred in conjunction with the sale of the morganton facility . see note 2 , note 3 and note 6 to the consolidated financial statements in this form 10-k. as a result of the transition of operations from the broadway plant , the company recorded , or expects to record in future periods , aggregate pre-tax expenses of approximately $ 4.5 million , consisting of the following : $ 1.3 million in severance and benefit costs , $ 2.5 million in equipment relocation costs , $ 0.2 million in asset impairment costs and $ 0.5 million in other costs . of the aggregate $ 4.5 million in pre-tax costs , we expect $ 4.3 million to be cash expenditures , the majority of which will be paid in 2017 and 2018. the cash outflows related to these programs are expected to be funded from proceeds generated from the sale of asset and are not expected to have a material adverse impact on our liquidity . of the total program , we recorded $ 0.6 million , or $ 0.03 per diluted share , related to these initiatives during 2016 , which is included in severance , relocation and other costs on the consolidated statement of operations . charges for 2016 consisted of $ 0.4 million for employee severance and benefit costs , $ 0.2 million in non-cash asset impairments and other various charges . interest expense , net . interest expense for the year ended december 31 , 2016 increased $ 0.7 million primarily due to an increase in interest rates as a result of the revolving credit facility and term loan entered into in the fourth quarter of 2015 , which increased the company 's interest rate structure . the revolving credit facility and term loan were repaid during the third quarter of 2016 , and the company wrote off the remaining unamortized debt issuance and modification costs ( see note 14 to the consolidated financial statements in this form 10-k ) . the company expects annual interest expense to decrease going forward as a result of the debt repayments in the third quarter of 2016. the weighted average interest rate increased to 10.4 % in 2016 from 7.2 % in 2015 , while our weighted average debt outstanding decreased to $ 15.8 million during 2016 from $ 18.6 million during 2015. loss on extinguishment of debt . during the third quarter of 2016 , the company used proceeds from the css sale to payoff of the revolving credit facility and term loan . for the year ended december 31 , 2016 , we recognized a loss of $ 1.5 million on the early extinguishment of debt for prepayment penalties . other ( income ) , net . other income , net , increased $ 26.9 million to $ 35.5 million for 2016 from $ 8.6 million in 2015. other income for 2016 includes a gain of $ 31.2 million from the css sale ( see note 4 to the consolidated financial statements in this form 10-k ) . additionally , other income for 2016 includes $ 2.4 million related to the gain recognized on the toluca sale-leaseback completed during the first quarter of 2016 ( see note 5 to the consolidated financial statements in this form 10-k ) . during the year ended december 31 , 2016 , the company recognized net foreign currency gains of $ 1.0 million related to the net u.s. dollar denominated monetary asset position of our mexican subsidiaries for which the mexican peso is the functional currency . other income for the year ended december 31 , 2015 included a gain of $ 7.7 million related to the morganton sale ( see note 6 to the consolidated financial statements in this form 10-k ) . additionally , during the year ended december 31 , 2015 , the company recognized income of $ 0.5 million related to an arbitration settlement in the dana dispute received in the second quarter of 2015. during the year ended december 31 , 2015 , the company recognized net foreign currency gains of $ 0.3 million related to the net u.s. dollar denominated monetary asset position of our mexican subsidiaries for which the mexican peso is the functional currency . 28 income taxes . income tax expense for the year ended december 31 , 2016 was $ 0.3 million as compared to $ 2.0 million for the year ended december 31 , 2015. as a result of the loss incurred by our mexico operation in 2015 and increased uncertainty surrounding the company 's forecast of taxable income in mexico , it was determined that the company no longer met the “ more likely than not ” threshold required under asc 740-10 in order to maintain the mexico deferred tax asset . accordingly , the company recorded a valuation allowance on its net deferred tax asset related to certain non-u.s. tax benefits , resulting in deferred tax expense of $ 2.2 million during 2015 . 29 quarterly results the following table presents our unaudited condensed consolidated statements of operations data for each of the eight quarters in the two-year period ended december 31 , 2016. the quarterly results are presented on a 13-week period basis . we have prepared this data on the same basis as our audited consolidated financial statements and , in our opinion , have included all normal recurring adjustments necessary for a fair presentation of this information . you should read these unaudited quarterly results in conjunction with our consolidated financial statements and related notes included elsewhere in this annual report on form

cash balance . at december 31 , 2016 , we had approximately $ 15.3 million of cash and cash equivalents , of which $ 1.0 million was held in jurisdictions outside of the u.s. that , if repatriated , could result in withholding taxes . we have projected that our cash and cash equivalents will be sufficient to allow us to continue operations for the next 12 months . any significant changes from our current forecasts , including , but not limited to : ( i ) shortfalls in projected revenue , ( ii ) unexpected costs or expenses , ( iii ) increases in our projected operating costs and or ( iv ) changes in the business environment in which we operate , could require us to seek additional funding or force us to make further reductions in spending , extend payment terms with suppliers , liquidate assets where possible and or suspend or curtail planned programs . any of these actions could materially harm our business , results of operations and future prospects . cash flows from operating , investing and financing activities operating activities . net cash used by operating activities was $ 19.3 million in 2016 , as compared to $ 13.4 million in 2015. the aggregate decrease in accounts receivable in 2016 provided cash of $ 4.1 million . similarly , decreases in accounts payable resulted in a usage of cash of $ 4.3 million . increases in inventory primarily within our sypris electronics business used cash of $ 1.8 million during 2016. investing activities .


 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 balance . at december 31 , 2016 , we had approximately $ 15.3 million of cash and cash equivalents , of which $ 1.0 million was held in jurisdictions outside of the u.s. that , if repatriated , could result in withholding taxes . we have projected that our cash and cash equivalents will be sufficient to allow us to continue operations for the next 12 months . any significant changes from our current forecasts , including , but not limited to : ( i ) shortfalls in projected revenue , ( ii ) unexpected costs or expenses , ( iii ) increases in our projected operating costs and or ( iv ) changes in the business environment in which we operate , could require us to seek additional funding or force us to make further reductions in spending , extend payment terms with suppliers , liquidate assets where possible and or suspend or curtail planned programs . any of these actions could materially harm our business , results of operations and future prospects . cash flows from operating , investing and financing activities operating activities . net cash used by operating activities was $ 19.3 million in 2016 , as compared to $ 13.4 million in 2015. the aggregate decrease in accounts receivable in 2016 provided cash of $ 4.1 million . similarly , decreases in accounts payable resulted in a usage of cash of $ 4.3 million . increases in inventory primarily within our sypris electronics business used cash of $ 1.8 million during 2016. investing activities .
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 Suspicious Activity Report : however , revenues for the ems business increased in 2015 and 2016 , as we have begun to generate revenue from the ramp-up of new electronic manufacturing services and other technical service programs . on august 16 , 2016 , the company completed the sale of certain assets , intellectual property , contracts and other assets of sypris electronics ( the “ css sale ” ) comprised principally of its siometrics , cyber range , information security solutions and data systems product lines . revenue from the css business is included in our results of operations until the time of sale since the sale was not classified as a discontinued operation in our consolidated financial statements . the assets were sold for $ 42.0 million in cash consideration , $ 1.5 million of which is to be held in escrow for up to 12 months in connection with certain customary representations , warranties , covenants and indemnifications of the company . the retained portion of the sypris electronics segment will continue to provide electronic manufacturing and design support services to customers in the aerospace , defense , medical and severe environment markets , among others . in connection with the css sale , management prepared a business plan for the ems business retained by sypris electronics after the css sale . this plan includes a continuing effort to grow and diversify its electronic manufacturing service business and the identification of opportunities for cost reductions and cash flow enhancements for the retained portion of the business . strategic actions the company completed a number of strategic actions during 2015 and 2016 , in response to the nonrenewal of its supply agreement with dana holding corporation ( “ dana ” ) effective january 1 , 2015 , the subsequent downturn in the commercial vehicle market beginning in the fourth quarter of 2015 and other economic factors impacting the company during last two years . actions taken during 2015 and 2016 include : ( i ) the initiation of the exit of the broadway plant ( see discussion below ) , ( ii ) the css sale , ( iii ) the toluca sale-leaseback , ( iv ) the sale of the company 's manufacturing facility in morganton , north carolina , ( v ) the relocation of its sypris electronics operation to a new facility ( see discussion below ) , ( vi ) reductions in workforce at all locations , and ( vii ) other reductions in employment costs through reduced work schedules , senior management pay reductions , deferral of merit increases and certain benefit payments ( see note 3 , note 4 , note 5 and note 6 to the consolidated financial statements in this form 10-k ) . using a portion of the proceeds generated from asset sales noted above , the company paid off all of its most senior debt in august 2016 and has received the benefit of cash infusions from gill family capital management , inc. ( “ gfcm ' ) in the form of secured promissory note obligations totaling $ 6.5 million in principal through 2016. during 2016 , the company also initiated the process of qualifying production for certain oil and gas industry components in mexico that were previously produced solely in the united states . qualification of production for the first group of these components was completed for the mexico facility during 2016. the company expects this capacity reallocation will continue in 2017 and provide the company with the ability to source components for this market in both the united states and mexico . during the fourth quarter of 2016 , the company completed the relocation of its operations for sypris electronics to a 50,000 square foot leased facility in tampa , florida . sypris electronics previously leased a facility also located in tampa of approximately 300,000 square feet for its operations which also included the css business . all manufacturing operations for sypris electronics will be performed in the new facility which will result in a significant reduction in rent and related operating expenses effective january 1 , 2017 as compared to 2016. relocation costs were expensed when incurred during 2016 and certain assets not retained after the relocation were charged to expense during the fourth quarter of 2016 . 22 the company made several strategic decisions to migrate away from certain of its traditional tier 1 customers in the commercial vehicle markets throughout 2016 , while seeking to replace these customers with longer-term relationships , especially among the heavy truck , off-highway and automotive original equipment manufacturers ( “ oem ” s ) and others who place a higher value on the company 's innovation , flexibility and core commitment to lean manufacturing principles . among the customer programs not being renewed was a supply agreement with meritor inc. that expired on january 1 , 2017 and was produced at the company 's louisville , kentucky automotive and commercial vehicle manufacturing plant ( the “ broadway plant ” ) and the company similarly anticipates a reduction in certain portions of its business with eaton . as a result of these decisions , the company anticipates a significant reduction in its commercial vehicle revenues in 2017 ( see note 3 to the consolidated financial statements in this form 10-k ) . on november 22 , 2016 , the board of directors of the company approved moving forward with the exploration of a range of strategic options for the broadway plant , including the divestiture of the plant , the transitional reduction in its operations to accommodate lower volumes , the relocation of production to other company facilities as needed , and or the closure of the plant . accordingly , management explored various exit or disposal options for the broadway plant with the input of our salaried and unionized employees , our customers and others within the industry . story_separator_special_tag severance , relocation and other costs were $ 1.2 million and $ 1.3 million for the years ended december 31 , 2016 and 2015 , respectively , and were comprised primarily of headcount reductions within sypris technologies as a result of lower volumes and anticipated headcount reductions associated with the closure of the broadway plant . additionally , certain equipment relocation costs were incurred in conjunction with the sale of the morganton facility . see note 2 , note 3 and note 6 to the consolidated financial statements in this form 10-k. as a result of the transition of operations from the broadway plant , the company recorded , or expects to record in future periods , aggregate pre-tax expenses of approximately $ 4.5 million , consisting of the following : $ 1.3 million in severance and benefit costs , $ 2.5 million in equipment relocation costs , $ 0.2 million in asset impairment costs and $ 0.5 million in other costs . of the aggregate $ 4.5 million in pre-tax costs , we expect $ 4.3 million to be cash expenditures , the majority of which will be paid in 2017 and 2018. the cash outflows related to these programs are expected to be funded from proceeds generated from the sale of asset and are not expected to have a material adverse impact on our liquidity . of the total program , we recorded $ 0.6 million , or $ 0.03 per diluted share , related to these initiatives during 2016 , which is included in severance , relocation and other costs on the consolidated statement of operations . charges for 2016 consisted of $ 0.4 million for employee severance and benefit costs , $ 0.2 million in non-cash asset impairments and other various charges . interest expense , net . interest expense for the year ended december 31 , 2016 increased $ 0.7 million primarily due to an increase in interest rates as a result of the revolving credit facility and term loan entered into in the fourth quarter of 2015 , which increased the company 's interest rate structure . the revolving credit facility and term loan were repaid during the third quarter of 2016 , and the company wrote off the remaining unamortized debt issuance and modification costs ( see note 14 to the consolidated financial statements in this form 10-k ) . the company expects annual interest expense to decrease going forward as a result of the debt repayments in the third quarter of 2016. the weighted average interest rate increased to 10.4 % in 2016 from 7.2 % in 2015 , while our weighted average debt outstanding decreased to $ 15.8 million during 2016 from $ 18.6 million during 2015. loss on extinguishment of debt . during the third quarter of 2016 , the company used proceeds from the css sale to payoff of the revolving credit facility and term loan . for the year ended december 31 , 2016 , we recognized a loss of $ 1.5 million on the early extinguishment of debt for prepayment penalties . other ( income ) , net . other income , net , increased $ 26.9 million to $ 35.5 million for 2016 from $ 8.6 million in 2015. other income for 2016 includes a gain of $ 31.2 million from the css sale ( see note 4 to the consolidated financial statements in this form 10-k ) . additionally , other income for 2016 includes $ 2.4 million related to the gain recognized on the toluca sale-leaseback completed during the first quarter of 2016 ( see note 5 to the consolidated financial statements in this form 10-k ) . during the year ended december 31 , 2016 , the company recognized net foreign currency gains of $ 1.0 million related to the net u.s. dollar denominated monetary asset position of our mexican subsidiaries for which the mexican peso is the functional currency . other income for the year ended december 31 , 2015 included a gain of $ 7.7 million related to the morganton sale ( see note 6 to the consolidated financial statements in this form 10-k ) . additionally , during the year ended december 31 , 2015 , the company recognized income of $ 0.5 million related to an arbitration settlement in the dana dispute received in the second quarter of 2015. during the year ended december 31 , 2015 , the company recognized net foreign currency gains of $ 0.3 million related to the net u.s. dollar denominated monetary asset position of our mexican subsidiaries for which the mexican peso is the functional currency . 28 income taxes . income tax expense for the year ended december 31 , 2016 was $ 0.3 million as compared to $ 2.0 million for the year ended december 31 , 2015. as a result of the loss incurred by our mexico operation in 2015 and increased uncertainty surrounding the company 's forecast of taxable income in mexico , it was determined that the company no longer met the “ more likely than not ” threshold required under asc 740-10 in order to maintain the mexico deferred tax asset . accordingly , the company recorded a valuation allowance on its net deferred tax asset related to certain non-u.s. tax benefits , resulting in deferred tax expense of $ 2.2 million during 2015 . 29 quarterly results the following table presents our unaudited condensed consolidated statements of operations data for each of the eight quarters in the two-year period ended december 31 , 2016. the quarterly results are presented on a 13-week period basis . we have prepared this data on the same basis as our audited consolidated financial statements and , in our opinion , have included all normal recurring adjustments necessary for a fair presentation of this information . you should read these unaudited quarterly results in conjunction with our consolidated financial statements and related notes included elsewhere in this annual report on form

