our warehousing , distribution & manufacturing consolidation plan was developed to align our warehousing , distribution and manufacturing with our growth and manufacturing strategy . the plan was designed to create a better cost structure as well as improve distribution capabilities and customer service . in june of 2014 , the board of directors approved a modification of this plan to include the elimination of both carpet dyeing and yarn dyeing in our atmore , alabama facility . elimination of dyeing at this facility was designed to more fully accommodate our distribution and manufacturing realignment . accordingly , the dyeing operations in atmore were moved to our colormaster continuous dyeing facility , our calhoun wool skein dyeing operation and other outside dyeing processors . total expenses of the warehousing , distribution & manufacturing consolidation plan are anticipated to be approximately $ 6.5 million . expenses incurred in 2015 were $ 2.0 million and $ 6.1 million since initiation of the plan in 2014. we estimate additional spending primarily related to the movement of our saraland , alabama rug operation moving from a rented facility into a company-owned facility of approximately $ 406 thousand under this plan through early 2016. these expenses of the plan primarily consist of moving and relocating inventory and equipment , facility restoration , information technology expenses and expenses relating to conversion and realignment of equipment . we also incurred non-cash asset impairment charges of $ 1.1 million subsequent to the first quarter of 2014 related to manufacturing changes and equipment taken out of service in our facilities . on march 19 , 2014 , we acquired atlas carpet mills . as a part of the atlas acquisition , we discontinued operations at the atlas dyeing facility in los angeles and moved the carpet dyeing of their products to our susan street dyeing operation located in santa ana , california . we initiated an atlas integration plan to accommodate the dyeing move and address the modification of computer systems . the costs of these initiatives were $ 1.7 million . this plan was completed in the second quarter of 2015. in april 2015 , the company 's board of directors approved the corporate office consolidation plan , to cover the costs of consolidating three of the company 's existing leased divisional and corporate offices to a single leased facility located in dalton , georgia . the company paid a fee to terminate one of the leases , did not renew a second facility and vacated the third facility . related to the vacated facility , the company recorded the estimated costs related to the fulfillment of its contractual lease obligation and on-going facilities maintenance , net of an estimate of sub-lease expectations . costs related to the consolidation include the lease termination fee , contractual lease obligations and moving costs . expenses of this plan were $ 728 thousand in 2015 with estimated remaining costs to be approximately $ 60 thousand . 16 results of operations fiscal year ended december 26 , 2015 compared with fiscal year ended december 27 , 2014 replace_table_token_5_th net sales . net sales for the year ended december 26 , 2015 were $ 422.5 million compared with $ 406.6 million in the year-earlier period , an increase of 3.9 % for the year-over-year comparison . sales for the carpet industry were down slightly for annual 2015 compared with the prior year . our 2015 year-over-year carpet sales comparison reflected an increase of 4.5 % in net sales . sales of residential carpet were down 0.4 % and sales of commercial carpet increased 14.4 % . revenue from carpet yarn processing and carpet dyeing and finishing services decreased 11.9 % in 2015 compared with 2014. we believe our growth in both the residential and commercial sales were positively affected by the introduction of new and innovative product offerings . cost of sales . cost of sales , as a percentage of net sales , decreased 1.6 percentage points , as a percentage of net sales in 2015 compared with 2014. during the expansion and restructuring initiatives , we have experienced high training , quality and waste costs . these costs were offset by improvements in operating efficiencies and lower raw material costs . gross profit . gross profit , as a percentage of net sales , increased 1.6 percentage points in 2015 compared with 2014. the increase in gross profit as a percentage of net sales was attributable to the factors discussed above . selling and administrative expenses . selling and administrative expenses were $ 100.4 million in 2015 compared with $ 93.2 million in 2014 , or an increase of 0.9 % as a percentage of sales . our increase in selling and administrative expenses as a percentage of sales was primarily driven by the higher levels of investment in new products in our residential and commercial brands compared with the prior year . other operating expense , net . net other operating ( income ) expense was an expense of $ 872 thousand in 2015 compared with expense of $ 904 thousand in 2014. operating income ( loss ) . operations reflected operating income of $ 2.0 million in 2015 compared with an operating loss of $ 5.2 million in 2014. facility consolidation expenses of $ 2.9 million and $ 5.5 million were included in the 2015 and 2014 results , respectively . in addition , related asset impairment expenses of $ 1.1 million were included in the 2014 operating results . interest expense . interest expense increased $ 633 thousand in 2015 principally due to higher interest rates associated with previously locked in future interest rate swaps from 2015 until 2021 to fix a portion of the company 's revolving credit facility . story_separator_special_tag the securities and exchange commission requires management to identify its most critical accounting policies , defined as those that are both most important to the portrayal of our financial condition and operating results and the application of which requires our most difficult , subjective , and complex judgments . although our estimates have not differed materially from our experience , such estimates pertain to inherently uncertain matters that could result in material differences in subsequent periods . we believe application of the following accounting policies require significant judgments and estimates and represent our critical accounting policies . other significant accounting policies are discussed in note 1 to our consolidated financial statements . revenue recognition . revenues , including shipping and handling amounts , are recognized when the following criteria are met : there is persuasive evidence that a sales agreement exists , delivery has occurred or services have been rendered , the price to the buyer is fixed or determinable , and collection is reasonably assured . delivery is considered to have occurred when the customer takes title to products , which is generally on the date of shipment . at the time revenue is recognized , we record a provision for the estimated amount of future returns including product warranties and customer claims based primarily on historical experience and any known trends or conditions . 22 customer claims and product warranties . we provide product warranties related to manufacturing defects and specific performance standards for our products . we record reserves for the estimated costs of defective products and failure to meet applicable performance standards . the levels of reserves are established based primarily upon historical experience and our evaluation of pending claims . because our evaluations are based on historical experience and conditions at the time our financial statements are prepared , actual results could differ from the reserves in our consolidated financial statements . accounts receivable allowances . we provide allowances for expected cash discounts and doubtful accounts based upon historical experience and periodic evaluations of the financial condition of our customers . if the financial conditions of our customers were to significantly deteriorate , or other factors impair their ability to pay their debts , credit losses could differ from allowances recorded in our consolidated financial statements . inventories . inventories are stated at the lower of cost or market . cost is determined using the last-in , first-out method ( lifo ) , which generally matches current costs of inventory sold with current revenues , for substantially all inventories . reserves are also established to adjust inventories that are off-quality , aged or obsolete to their estimated net realizable value . additionally , rates of recoverability per unit of off-quality , aged or obsolete inventory are estimated based on historical rates of recoverability and other known conditions or circumstances that may affect future recoverability . actual results could differ from assumptions used to value our inventory . goodwill . goodwill is tested annually for impairment during the fourth quarter or earlier if significant events or substantive changes in circumstances occur that may indicate that goodwill may not be recoverable . the goodwill impairment tests are based on determining the fair value of the specified reporting units based on management judgments and assumptions using the discounted cash flows . the valuation approaches are subject to key judgments and assumptions that are sensitive to change such as judgments and assumptions about sales growth rates , operating margins and the weighted average cost of capital ( “ wacc ” ) . when developing these key judgments and assumptions , we consider economic , operational and market conditions that could impact the fair value of the reporting unit . however , estimates are inherently uncertain and represent only management 's reasonable expectations regarding future developments . these estimates and the judgments and assumptions upon which the estimates are based will , in all likelihood , differ in some respects from actual future results . should a significant or prolonged deterioration in economic conditions occur key judgments and assumptions could be impacted . contingent consideration . contingent consideration liabilities represent future amounts we may be required to pay in conjunction with various business combinations . the ultimate amount of future payments is based on incremental gross margin growth related to the contingent liability . we estimate the fair value of the contingent consideration liability by forecasting estimated cash payments based on incremental gross margin growth and discounting the associated cash payment amounts to their present values using a credit-risk-adjusted interest rate . we evaluate our estimates of the fair value of contingent consideration liabilities on a periodic basis . any changes in the fair value of contingent consideration liabilities are recorded through earnings . the total estimated fair value of contingent consideration liabilities was $ 584 thousand and $ 1.9 million at december 26 , 2015 and december 27 , 2014 , respectively , and was included in accrued expenses and other liabilities in our consolidated balance sheets . self-insured accruals . we estimate costs required to settle claims related to our self-insured medical , dental and workers ' compensation plans . these estimates include costs to settle known claims , as well as incurred and unreported claims . the estimated costs of known and unreported claims are based on historical experience . actual results could differ from assumptions used to estimate these accruals . income taxes . the company 's effective tax rate is based on its income , statutory tax rates and tax planning opportunities available in the jurisdictions in which it operates . tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities . deferred tax assets represent amounts available to reduce income taxes payable on taxable income in a future period . the company evaluates the recoverability of these future tax benefits by assessing the adequacy of future expected taxable income from all sources , including reversal of taxable

liquidity and capital resources during the year ended december 26 , 2015 , cash provided by operations was $ 8.6 million . inventories increased $ 10.9 million which was offset by an increase in accounts payable and accrued expenses of $ 7.6 million . inventories were increased to improve service to our customers and to build inventories from a supplier that was going through a year-end software conversion . capital asset acquisitions for the year ended december 26 , 2015 were $ 12.2 million ; $ 6.8 million of cash used in investing activities , $ 3.3 million of equipment acquired under notes and capital leases , $ 1.9 million of previous deposits utilized for capital additions and $ 200 thousand for accrued purchases . depreciation and amortization for the year ended december 26 , 2015 were $ 14.1 million . we expect capital expenditures to be approximately $ 10.0 million in 2016 for capital expenditures while depreciation and amortization is expected to be approximately $ 13.5 million . planned capital expenditures in 2016 are primarily for new equipment . during the year ended december 26 , 2015 , cash used in financing activities was $ 2.0 million . in january 2015 , we entered into a ten-year $ 6.3 million mortgage note payable to finance an owned facility in saraland , alabama . we had additional proceeds of $ 1.0 million from equipment notes payable . these proceeds are offset by payments on notes payable and lease obligations of $ 9.7 million . we believe our operating cash flows , credit availability under our revolving credit facility and other sources of financing are adequate to finance our anticipated liquidity requirements . as of december 26 , 2015 , the unused borrowing availability under our revolving credit facility was $ 39.8 million . our revolving credit facility requires us to maintain a fixed charge coverage ratio of 1.1 to 1.0 during any period that borrowing availability is less than $ 16.5 million . as of the date hereof , our fixed coverage ratio was less than 1.1 to 1.0 , accordingly the unused availability accessible by us is the amount above $ 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 during the year ended december 26 , 2015 , cash provided by operations was $ 8.6 million . inventories increased $ 10.9 million which was offset by an increase in accounts payable and accrued expenses of $ 7.6 million . inventories were increased to improve service to our customers and to build inventories from a supplier that was going through a year-end software conversion . capital asset acquisitions for the year ended december 26 , 2015 were $ 12.2 million ; $ 6.8 million of cash used in investing activities , $ 3.3 million of equipment acquired under notes and capital leases , $ 1.9 million of previous deposits utilized for capital additions and $ 200 thousand for accrued purchases . depreciation and amortization for the year ended december 26 , 2015 were $ 14.1 million . we expect capital expenditures to be approximately $ 10.0 million in 2016 for capital expenditures while depreciation and amortization is expected to be approximately $ 13.5 million . planned capital expenditures in 2016 are primarily for new equipment . during the year ended december 26 , 2015 , cash used in financing activities was $ 2.0 million . in january 2015 , we entered into a ten-year $ 6.3 million mortgage note payable to finance an owned facility in saraland , alabama . we had additional proceeds of $ 1.0 million from equipment notes payable . these proceeds are offset by payments on notes payable and lease obligations of $ 9.7 million . we believe our operating cash flows , credit availability under our revolving credit facility and other sources of financing are adequate to finance our anticipated liquidity requirements . as of december 26 , 2015 , the unused borrowing availability under our revolving credit facility was $ 39.8 million . our revolving credit facility requires us to maintain a fixed charge coverage ratio of 1.1 to 1.0 during any period that borrowing availability is less than $ 16.5 million . as of the date hereof , our fixed coverage ratio was less than 1.1 to 1.0 , accordingly the unused availability accessible by us is the amount above $ 16.5 million .
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 Suspicious Activity Report : our warehousing , distribution & manufacturing consolidation plan was developed to align our warehousing , distribution and manufacturing with our growth and manufacturing strategy . the plan was designed to create a better cost structure as well as improve distribution capabilities and customer service . in june of 2014 , the board of directors approved a modification of this plan to include the elimination of both carpet dyeing and yarn dyeing in our atmore , alabama facility . elimination of dyeing at this facility was designed to more fully accommodate our distribution and manufacturing realignment . accordingly , the dyeing operations in atmore were moved to our colormaster continuous dyeing facility , our calhoun wool skein dyeing operation and other outside dyeing processors . total expenses of the warehousing , distribution & manufacturing consolidation plan are anticipated to be approximately $ 6.5 million . expenses incurred in 2015 were $ 2.0 million and $ 6.1 million since initiation of the plan in 2014. we estimate additional spending primarily related to the movement of our saraland , alabama rug operation moving from a rented facility into a company-owned facility of approximately $ 406 thousand under this plan through early 2016. these expenses of the plan primarily consist of moving and relocating inventory and equipment , facility restoration , information technology expenses and expenses relating to conversion and realignment of equipment . we also incurred non-cash asset impairment charges of $ 1.1 million subsequent to the first quarter of 2014 related to manufacturing changes and equipment taken out of service in our facilities . on march 19 , 2014 , we acquired atlas carpet mills . as a part of the atlas acquisition , we discontinued operations at the atlas dyeing facility in los angeles and moved the carpet dyeing of their products to our susan street dyeing operation located in santa ana , california . we initiated an atlas integration plan to accommodate the dyeing move and address the modification of computer systems . the costs of these initiatives were $ 1.7 million . this plan was completed in the second quarter of 2015. in april 2015 , the company 's board of directors approved the corporate office consolidation plan , to cover the costs of consolidating three of the company 's existing leased divisional and corporate offices to a single leased facility located in dalton , georgia . the company paid a fee to terminate one of the leases , did not renew a second facility and vacated the third facility . related to the vacated facility , the company recorded the estimated costs related to the fulfillment of its contractual lease obligation and on-going facilities maintenance , net of an estimate of sub-lease expectations . costs related to the consolidation include the lease termination fee , contractual lease obligations and moving costs . expenses of this plan were $ 728 thousand in 2015 with estimated remaining costs to be approximately $ 60 thousand . 16 results of operations fiscal year ended december 26 , 2015 compared with fiscal year ended december 27 , 2014 replace_table_token_5_th net sales . net sales for the year ended december 26 , 2015 were $ 422.5 million compared with $ 406.6 million in the year-earlier period , an increase of 3.9 % for the year-over-year comparison . sales for the carpet industry were down slightly for annual 2015 compared with the prior year . our 2015 year-over-year carpet sales comparison reflected an increase of 4.5 % in net sales . sales of residential carpet were down 0.4 % and sales of commercial carpet increased 14.4 % . revenue from carpet yarn processing and carpet dyeing and finishing services decreased 11.9 % in 2015 compared with 2014. we believe our growth in both the residential and commercial sales were positively affected by the introduction of new and innovative product offerings . cost of sales . cost of sales , as a percentage of net sales , decreased 1.6 percentage points , as a percentage of net sales in 2015 compared with 2014. during the expansion and restructuring initiatives , we have experienced high training , quality and waste costs . these costs were offset by improvements in operating efficiencies and lower raw material costs . gross profit . gross profit , as a percentage of net sales , increased 1.6 percentage points in 2015 compared with 2014. the increase in gross profit as a percentage of net sales was attributable to the factors discussed above . selling and administrative expenses . selling and administrative expenses were $ 100.4 million in 2015 compared with $ 93.2 million in 2014 , or an increase of 0.9 % as a percentage of sales . our increase in selling and administrative expenses as a percentage of sales was primarily driven by the higher levels of investment in new products in our residential and commercial brands compared with the prior year . other operating expense , net . net other operating ( income ) expense was an expense of $ 872 thousand in 2015 compared with expense of $ 904 thousand in 2014. operating income ( loss ) . operations reflected operating income of $ 2.0 million in 2015 compared with an operating loss of $ 5.2 million in 2014. facility consolidation expenses of $ 2.9 million and $ 5.5 million were included in the 2015 and 2014 results , respectively . in addition , related asset impairment expenses of $ 1.1 million were included in the 2014 operating results . interest expense . interest expense increased $ 633 thousand in 2015 principally due to higher interest rates associated with previously locked in future interest rate swaps from 2015 until 2021 to fix a portion of the company 's revolving credit facility . story_separator_special_tag the securities and exchange commission requires management to identify its most critical accounting policies , defined as those that are both most important to the portrayal of our financial condition and operating results and the application of which requires our most difficult , subjective , and complex judgments . although our estimates have not differed materially from our experience , such estimates pertain to inherently uncertain matters that could result in material differences in subsequent periods . we believe application of the following accounting policies require significant judgments and estimates and represent our critical accounting policies . other significant accounting policies are discussed in note 1 to our consolidated financial statements . revenue recognition . revenues , including shipping and handling amounts , are recognized when the following criteria are met : there is persuasive evidence that a sales agreement exists , delivery has occurred or services have been rendered , the price to the buyer is fixed or determinable , and collection is reasonably assured . delivery is considered to have occurred when the customer takes title to products , which is generally on the date of shipment . at the time revenue is recognized , we record a provision for the estimated amount of future returns including product warranties and customer claims based primarily on historical experience and any known trends or conditions . 22 customer claims and product warranties . we provide product warranties related to manufacturing defects and specific performance standards for our products . we record reserves for the estimated costs of defective products and failure to meet applicable performance standards . the levels of reserves are established based primarily upon historical experience and our evaluation of pending claims . because our evaluations are based on historical experience and conditions at the time our financial statements are prepared , actual results could differ from the reserves in our consolidated financial statements . accounts receivable allowances . we provide allowances for expected cash discounts and doubtful accounts based upon historical experience and periodic evaluations of the financial condition of our customers . if the financial conditions of our customers were to significantly deteriorate , or other factors impair their ability to pay their debts , credit losses could differ from allowances recorded in our consolidated financial statements . inventories . inventories are stated at the lower of cost or market . cost is determined using the last-in , first-out method ( lifo ) , which generally matches current costs of inventory sold with current revenues , for substantially all inventories . reserves are also established to adjust inventories that are off-quality , aged or obsolete to their estimated net realizable value . additionally , rates of recoverability per unit of off-quality , aged or obsolete inventory are estimated based on historical rates of recoverability and other known conditions or circumstances that may affect future recoverability . actual results could differ from assumptions used to value our inventory . goodwill . goodwill is tested annually for impairment during the fourth quarter or earlier if significant events or substantive changes in circumstances occur that may indicate that goodwill may not be recoverable . the goodwill impairment tests are based on determining the fair value of the specified reporting units based on management judgments and assumptions using the discounted cash flows . the valuation approaches are subject to key judgments and assumptions that are sensitive to change such as judgments and assumptions about sales growth rates , operating margins and the weighted average cost of capital ( “ wacc ” ) . when developing these key judgments and assumptions , we consider economic , operational and market conditions that could impact the fair value of the reporting unit . however , estimates are inherently uncertain and represent only management 's reasonable expectations regarding future developments . these estimates and the judgments and assumptions upon which the estimates are based will , in all likelihood , differ in some respects from actual future results . should a significant or prolonged deterioration in economic conditions occur key judgments and assumptions could be impacted . contingent consideration . contingent consideration liabilities represent future amounts we may be required to pay in conjunction with various business combinations . the ultimate amount of future payments is based on incremental gross margin growth related to the contingent liability . we estimate the fair value of the contingent consideration liability by forecasting estimated cash payments based on incremental gross margin growth and discounting the associated cash payment amounts to their present values using a credit-risk-adjusted interest rate . we evaluate our estimates of the fair value of contingent consideration liabilities on a periodic basis . any changes in the fair value of contingent consideration liabilities are recorded through earnings . the total estimated fair value of contingent consideration liabilities was $ 584 thousand and $ 1.9 million at december 26 , 2015 and december 27 , 2014 , respectively , and was included in accrued expenses and other liabilities in our consolidated balance sheets . self-insured accruals . we estimate costs required to settle claims related to our self-insured medical , dental and workers ' compensation plans . these estimates include costs to settle known claims , as well as incurred and unreported claims . the estimated costs of known and unreported claims are based on historical experience . actual results could differ from assumptions used to estimate these accruals . income taxes . the company 's effective tax rate is based on its income , statutory tax rates and tax planning opportunities available in the jurisdictions in which it operates . tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities . deferred tax assets represent amounts available to reduce income taxes payable on taxable income in a future period . the company evaluates the recoverability of these future tax benefits by assessing the adequacy of future expected taxable income from all sources , including reversal of taxable

