for fiscal 2016 , the company incurred fire-related costs which included $ 86 million in inventory at cost , $ 12 million in property , plant , and equipment at net book value , and $ 35 million in other fire-related costs . in january of fiscal 2016 , the company agreed upon a partial settlement of $ 159 million related to the inventory and recorded a gain of $ 73 million , representing the excess over the loss on inventory . based on the provisions of the company 's insurance policies , the company has determined that recovery of certain remaining fire-related costs incurred during fiscal 2016 is probable , and an insurance receivable , net of advance insurance proceeds received , has been recorded as of january 28 , 2017 to offset the fire-related costs . the company expects to continue to record additional costs and recoveries until the insurance claim is fully settled . fiscal 2015 results were impacted by a series of strategic actions to position gap brand for improved business performance in the future , including rightsizing the gap brand store fleet primarily in north america , streamlining the brand 's headquarter workforce , and developing a clear , on-brand product aesthetic framework to strengthen the gap brand to compete more successfully on the global stage . during fiscal 2015 , the company completed the closure of about 150 gap global specialty stores related to the strategic actions . during fiscal 2015 , the company incurred $ 132 million of charges in connection with the strategic actions , primarily consisting of impairment of store assets related to underperforming stores , lease termination fees and lease losses , employee related expenses , and impairment of inventory that did not meet brand standards . financial results for fiscal 2016 are as follows : net sales for fiscal 2016 decreased 2 percent to $ 15.5 billion compared with $ 15.8 billion for fiscal 2015 . comparable sales ( `` comp sales `` ) for fiscal 2016 decreased 2 percent . gross profit for fiscal 2016 was $ 5.6 billion compared with $ 5.7 billion for fiscal 2015 . gross margin for fiscal 2016 was 36.3 percent compared with 36.2 percent for fiscal 2015 . operating margin for fiscal 2016 was 7.7 percent compared with 9.6 percent for fiscal 2015 . operating margin is defined as operating income as a percentage of net sales . net income for fiscal 2016 was $ 676 million compared with $ 920 million for fiscal 2015 , and diluted earnings per share was $ 1.69 for fiscal 2016 compared with $ 2.23 for fiscal 2015 . diluted earnings per share for fiscal 2016 included about a $ 0.41 impact of restructuring costs incurred during fiscal 2016 , a non-cash goodwill impairment charge of $ 0.18 related to intermix , an $ 0.11 benefit from the gain from insurance proceeds related to the fire which occurred at the company 's fishkill distribution center campus , and a favorable income tax impact of a legal structure realignment of about $ 0.15. diluted earnings per share for fiscal 2015 included a $ 0.20 impact of costs related to strategic actions incurred during fiscal 2015. during fiscal 2016 , we distributed $ 367 million to shareholders through dividends . our business priorities in 2017 include : offering product that is consistently brand-appropriate and on-trend with high customer acceptance , with a focus on expanding our advantage in the most promising categories ; delivering meaningful product innovation ; creating a unique and differentiated customer experience that builds loyalty , with focus on both the physical and digital expressions of our brands ; and attracting and retaining great talent in our businesses and functions . 19 in fiscal 2017 , we are focused on investing strategically in the business while also maintaining operating expense discipline . one of our primary objectives is to continue transforming our product to market process , with the development of an advantaged operating platform . to enable this , we have several product , supply chain , and it initiatives underway . further , we expect to continue our investment in customer experience , both in stores and online , to drive higher customer engagement and loyalty , resulting in market share gains . finally , we will continue to invest in strengthening brand awareness and customer acquisition . fiscal 2017 will consist of 53 weeks versus 52 weeks in fiscal 2016. results of operations net sales see item 8 , financial statements and supplementary data , note 17 of notes to consolidated financial statements for net sales by brand and region . comparable sales the percentage change in comp sales by global brand and for total company , as compared with the preceding year , is as follows : replace_table_token_4_th comp sales include the results of company-operated stores and sales through online channels in those countries where we have existing comparable store sales . the calculation of the gap , inc. comp sales includes the results of athleta and intermix but excludes the results of our franchise business . a store is included in the comp sales calculations when it has been open and operated by the company for at least one year and the selling square footage has not changed by 15 percent or more within the past year . a store is included in the comp sales calculations on the first day it has comparable prior year sales . stores in which the selling square footage has changed by 15 percent or more as a result of a remodel , expansion , or reduction are excluded from the comp sales calculations until the first day they have comparable prior year sales . story_separator_special_tag we review goodwill for impairment by first assessing qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount , including goodwill , as a basis for determining whether it is necessary to perform the two-step goodwill impairment test . if it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount , the two-step test is performed to identify potential goodwill impairment . if it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount , it is unnecessary to perform the two-step goodwill impairment test . during the fourth quarter of fiscal 2016 , we determined that the fair value of the reporting unit for athleta significantly exceeded its carrying amount as of the date of our annual impairment review and therefore , we did not recognize any impairment charges for athleta . based on certain circumstances , we may elect to bypass the qualitative assessment and proceed directly to performing the first step of the two-step goodwill impairment test . the first step of the two-step goodwill impairment test compares the fair value of the reporting unit to its carrying amount , including goodwill . the second step includes hypothetically valuing all of the assets and liabilities of the reporting unit as if the reporting unit had been acquired in a business combination . then , the implied fair value of the reporting unit 's goodwill is compared to the carrying amount of that goodwill . if the carrying amount of the reporting unit 's goodwill exceeds the implied fair value of the goodwill , we recognize an impairment loss in an amount equal to the excess , not to exceed the carrying amount . at the end of each of the first three quarters of fiscal 2016 , given the information available at the time of those assessments , we determined that there were no events or circumstances that indicated any impairment for goodwill related to intermix . during the fourth quarter of fiscal 2016 , management updated the fiscal 2017 budget and financial projections beyond fiscal 2017 for intermix . there were several factors that caused the financial projections and estimates to significantly decrease from the previous estimates , which included : poor fourth quarter of fiscal 2016 holiday performance at intermix stores , the decision to reduce expected future store openings , the approval of additional store closures in fiscal 2017 , and the budgeting of additional headcount required to support increased focus on the online business . these factors arising during the fourth quarter of fiscal 2016 had a significant and negative impact on the estimated fair value of the intermix reporting unit , and we have determined that the intermix reporting unit 's carrying value exceeded its fair value as of the date of our annual impairment review . as such , we performed the second step of the goodwill impairment test which resulted in an impairment charge of $ 71 million for goodwill related to intermix in fiscal 2016. this impairment charge reduced the $ 81 million of purchase price allocated to goodwill in connection with the acquisition of intermix in december 2012 to $ 10 million as of january 28 , 2017. we did not recognize any impairment charges for goodwill in fiscal 2015. as of january 28 , 2017 , the aggregate carrying value of trade names was $ 95 million , which primarily consisted of $ 54 million and $ 38 million related to athleta and intermix , respectively . a trade name is considered impaired if the carrying amount exceeds its estimated fair value . if a trade name is considered impaired , we recognize a loss equal to the difference between the carrying amount and the estimated fair value of the trade name . the fair value of the trade names is determined using the relief from royalty method . during the fourth quarter of fiscal 2016 , we completed our annual impairment review of the trade names and we did not recognize any impairment charges . we determined that the fair value of the athleta trade name significantly exceeded its carrying amount as of the date of our annual impairment review . the fair value of the intermix trade name exceeded its carrying amount by less than 10 percent as of the date of our annual impairment review . these analyses require management to make assumptions and to apply judgment , including forecasting future sales and expenses , and selecting appropriate discount rates and royalty rates , which can be affected by economic conditions and other factors that can be difficult to predict . 29 if actual store and online results and brand performance , real estate market conditions , and economic conditions including interest rates are not consistent with our estimates and assumptions used in our calculations , we may be exposed to additional impairment losses that could be material . revenue recognition while revenue recognition for the company does not involve significant judgment , it represents an important accounting policy . we recognize revenue and the related cost of goods sold at the time the products are received by the customers . for sales transacted at stores , revenue is recognized when the customer receives and pays for the merchandise at the register . for sales where we ship the merchandise to the customer from a distribution center or store , revenue is recognized at the time we estimate the customer receives the merchandise . we sell merchandise to franchisees under multi-year franchise agreements . we recognize revenue from sales to franchisees at the time merchandise ownership is transferred to the franchisee , which generally occurs when the merchandise reaches the franchisee 's predesignated turnover point . we also receive royalties from

net cash used for investing activities during fiscal 2016 decreased $ 201 million compared with fiscal 2015 , primarily due to less property and equipment purchases . net cash used for investing activities during fiscal 2015 increased $ 134 million compared with fiscal 2014 , primarily due to $ 121 million of proceeds from the sale of a building owned but no longer occupied by the company in fiscal 2014 and $ 12 million more property and equipment purchases in fiscal 2015. in fiscal 2016 , cash used for purchases of property and equipment was $ 524 million primarily related to investments in stores , information technology , and supply chain . in fiscal 2017 , we expect cash spending for purchases of property and equipment to be about $ 825 million which includes an estimated $ 200 million related to rebuilding of the company 's fishkill , new york distribution center campus , which the company expects will be covered by insurance proceeds . cash flows from financing activities net cash used for financing activities during fiscal 2016 decreased $ 213 million compared with fiscal 2015 , primarily due to the following : no repurchases of common stock in fiscal 2016 compared with $ 1 billion cash outflow related to repurchases of common stock in fiscal 2015 ; partially offset by no debt issuances in fiscal 2016 compared with the issuance of $ 400 million in short-term debt in fiscal 2015 ; and the repayment of the $ 400 million short-term debt in fiscal 2016 . 25 net cash used for financing activities during fiscal 2015 decreased $ 517 million compared with fiscal 2014 , primarily due to the following : $ 400 million proceeds from the issuance of short-term debt in fiscal 2015 ; and $ 164 million less repurchases of common stock ; partially offset by $ 4 million net cash out flows for fiscal 2015 compared with $ 38 million net cash inflows for fiscal 2014 related to issuance under share-based compensation plans and withholding tax payments related to vesting of stock units . free cash flow free cash flow is a non-gaap financial measure .


 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.
     ```net cash used for investing activities during fiscal 2016 decreased $ 201 million compared with fiscal 2015 , primarily due to less property and equipment purchases . net cash used for investing activities during fiscal 2015 increased $ 134 million compared with fiscal 2014 , primarily due to $ 121 million of proceeds from the sale of a building owned but no longer occupied by the company in fiscal 2014 and $ 12 million more property and equipment purchases in fiscal 2015. in fiscal 2016 , cash used for purchases of property and equipment was $ 524 million primarily related to investments in stores , information technology , and supply chain . in fiscal 2017 , we expect cash spending for purchases of property and equipment to be about $ 825 million which includes an estimated $ 200 million related to rebuilding of the company 's fishkill , new york distribution center campus , which the company expects will be covered by insurance proceeds . cash flows from financing activities net cash used for financing activities during fiscal 2016 decreased $ 213 million compared with fiscal 2015 , primarily due to the following : no repurchases of common stock in fiscal 2016 compared with $ 1 billion cash outflow related to repurchases of common stock in fiscal 2015 ; partially offset by no debt issuances in fiscal 2016 compared with the issuance of $ 400 million in short-term debt in fiscal 2015 ; and the repayment of the $ 400 million short-term debt in fiscal 2016 . 25 net cash used for financing activities during fiscal 2015 decreased $ 517 million compared with fiscal 2014 , primarily due to the following : $ 400 million proceeds from the issuance of short-term debt in fiscal 2015 ; and $ 164 million less repurchases of common stock ; partially offset by $ 4 million net cash out flows for fiscal 2015 compared with $ 38 million net cash inflows for fiscal 2014 related to issuance under share-based compensation plans and withholding tax payments related to vesting of stock units . free cash flow free cash flow is a non-gaap financial measure .
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 Suspicious Activity Report : for fiscal 2016 , the company incurred fire-related costs which included $ 86 million in inventory at cost , $ 12 million in property , plant , and equipment at net book value , and $ 35 million in other fire-related costs . in january of fiscal 2016 , the company agreed upon a partial settlement of $ 159 million related to the inventory and recorded a gain of $ 73 million , representing the excess over the loss on inventory . based on the provisions of the company 's insurance policies , the company has determined that recovery of certain remaining fire-related costs incurred during fiscal 2016 is probable , and an insurance receivable , net of advance insurance proceeds received , has been recorded as of january 28 , 2017 to offset the fire-related costs . the company expects to continue to record additional costs and recoveries until the insurance claim is fully settled . fiscal 2015 results were impacted by a series of strategic actions to position gap brand for improved business performance in the future , including rightsizing the gap brand store fleet primarily in north america , streamlining the brand 's headquarter workforce , and developing a clear , on-brand product aesthetic framework to strengthen the gap brand to compete more successfully on the global stage . during fiscal 2015 , the company completed the closure of about 150 gap global specialty stores related to the strategic actions . during fiscal 2015 , the company incurred $ 132 million of charges in connection with the strategic actions , primarily consisting of impairment of store assets related to underperforming stores , lease termination fees and lease losses , employee related expenses , and impairment of inventory that did not meet brand standards . financial results for fiscal 2016 are as follows : net sales for fiscal 2016 decreased 2 percent to $ 15.5 billion compared with $ 15.8 billion for fiscal 2015 . comparable sales ( `` comp sales `` ) for fiscal 2016 decreased 2 percent . gross profit for fiscal 2016 was $ 5.6 billion compared with $ 5.7 billion for fiscal 2015 . gross margin for fiscal 2016 was 36.3 percent compared with 36.2 percent for fiscal 2015 . operating margin for fiscal 2016 was 7.7 percent compared with 9.6 percent for fiscal 2015 . operating margin is defined as operating income as a percentage of net sales . net income for fiscal 2016 was $ 676 million compared with $ 920 million for fiscal 2015 , and diluted earnings per share was $ 1.69 for fiscal 2016 compared with $ 2.23 for fiscal 2015 . diluted earnings per share for fiscal 2016 included about a $ 0.41 impact of restructuring costs incurred during fiscal 2016 , a non-cash goodwill impairment charge of $ 0.18 related to intermix , an $ 0.11 benefit from the gain from insurance proceeds related to the fire which occurred at the company 's fishkill distribution center campus , and a favorable income tax impact of a legal structure realignment of about $ 0.15. diluted earnings per share for fiscal 2015 included a $ 0.20 impact of costs related to strategic actions incurred during fiscal 2015. during fiscal 2016 , we distributed $ 367 million to shareholders through dividends . our business priorities in 2017 include : offering product that is consistently brand-appropriate and on-trend with high customer acceptance , with a focus on expanding our advantage in the most promising categories ; delivering meaningful product innovation ; creating a unique and differentiated customer experience that builds loyalty , with focus on both the physical and digital expressions of our brands ; and attracting and retaining great talent in our businesses and functions . 19 in fiscal 2017 , we are focused on investing strategically in the business while also maintaining operating expense discipline . one of our primary objectives is to continue transforming our product to market process , with the development of an advantaged operating platform . to enable this , we have several product , supply chain , and it initiatives underway . further , we expect to continue our investment in customer experience , both in stores and online , to drive higher customer engagement and loyalty , resulting in market share gains . finally , we will continue to invest in strengthening brand awareness and customer acquisition . fiscal 2017 will consist of 53 weeks versus 52 weeks in fiscal 2016. results of operations net sales see item 8 , financial statements and supplementary data , note 17 of notes to consolidated financial statements for net sales by brand and region . comparable sales the percentage change in comp sales by global brand and for total company , as compared with the preceding year , is as follows : replace_table_token_4_th comp sales include the results of company-operated stores and sales through online channels in those countries where we have existing comparable store sales . the calculation of the gap , inc. comp sales includes the results of athleta and intermix but excludes the results of our franchise business . a store is included in the comp sales calculations when it has been open and operated by the company for at least one year and the selling square footage has not changed by 15 percent or more within the past year . a store is included in the comp sales calculations on the first day it has comparable prior year sales . stores in which the selling square footage has changed by 15 percent or more as a result of a remodel , expansion , or reduction are excluded from the comp sales calculations until the first day they have comparable prior year sales . story_separator_special_tag we review goodwill for impairment by first assessing qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount , including goodwill , as a basis for determining whether it is necessary to perform the two-step goodwill impairment test . if it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount , the two-step test is performed to identify potential goodwill impairment . if it is determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount , it is unnecessary to perform the two-step goodwill impairment test . during the fourth quarter of fiscal 2016 , we determined that the fair value of the reporting unit for athleta significantly exceeded its carrying amount as of the date of our annual impairment review and therefore , we did not recognize any impairment charges for athleta . based on certain circumstances , we may elect to bypass the qualitative assessment and proceed directly to performing the first step of the two-step goodwill impairment test . the first step of the two-step goodwill impairment test compares the fair value of the reporting unit to its carrying amount , including goodwill . the second step includes hypothetically valuing all of the assets and liabilities of the reporting unit as if the reporting unit had been acquired in a business combination . then , the implied fair value of the reporting unit 's goodwill is compared to the carrying amount of that goodwill . if the carrying amount of the reporting unit 's goodwill exceeds the implied fair value of the goodwill , we recognize an impairment loss in an amount equal to the excess , not to exceed the carrying amount . at the end of each of the first three quarters of fiscal 2016 , given the information available at the time of those assessments , we determined that there were no events or circumstances that indicated any impairment for goodwill related to intermix . during the fourth quarter of fiscal 2016 , management updated the fiscal 2017 budget and financial projections beyond fiscal 2017 for intermix . there were several factors that caused the financial projections and estimates to significantly decrease from the previous estimates , which included : poor fourth quarter of fiscal 2016 holiday performance at intermix stores , the decision to reduce expected future store openings , the approval of additional store closures in fiscal 2017 , and the budgeting of additional headcount required to support increased focus on the online business . these factors arising during the fourth quarter of fiscal 2016 had a significant and negative impact on the estimated fair value of the intermix reporting unit , and we have determined that the intermix reporting unit 's carrying value exceeded its fair value as of the date of our annual impairment review . as such , we performed the second step of the goodwill impairment test which resulted in an impairment charge of $ 71 million for goodwill related to intermix in fiscal 2016. this impairment charge reduced the $ 81 million of purchase price allocated to goodwill in connection with the acquisition of intermix in december 2012 to $ 10 million as of january 28 , 2017. we did not recognize any impairment charges for goodwill in fiscal 2015. as of january 28 , 2017 , the aggregate carrying value of trade names was $ 95 million , which primarily consisted of $ 54 million and $ 38 million related to athleta and intermix , respectively . a trade name is considered impaired if the carrying amount exceeds its estimated fair value . if a trade name is considered impaired , we recognize a loss equal to the difference between the carrying amount and the estimated fair value of the trade name . the fair value of the trade names is determined using the relief from royalty method . during the fourth quarter of fiscal 2016 , we completed our annual impairment review of the trade names and we did not recognize any impairment charges . we determined that the fair value of the athleta trade name significantly exceeded its carrying amount as of the date of our annual impairment review . the fair value of the intermix trade name exceeded its carrying amount by less than 10 percent as of the date of our annual impairment review . these analyses require management to make assumptions and to apply judgment , including forecasting future sales and expenses , and selecting appropriate discount rates and royalty rates , which can be affected by economic conditions and other factors that can be difficult to predict . 29 if actual store and online results and brand performance , real estate market conditions , and economic conditions including interest rates are not consistent with our estimates and assumptions used in our calculations , we may be exposed to additional impairment losses that could be material . revenue recognition while revenue recognition for the company does not involve significant judgment , it represents an important accounting policy . we recognize revenue and the related cost of goods sold at the time the products are received by the customers . for sales transacted at stores , revenue is recognized when the customer receives and pays for the merchandise at the register . for sales where we ship the merchandise to the customer from a distribution center or store , revenue is recognized at the time we estimate the customer receives the merchandise . we sell merchandise to franchisees under multi-year franchise agreements . we recognize revenue from sales to franchisees at the time merchandise ownership is transferred to the franchisee , which generally occurs when the merchandise reaches the franchisee 's predesignated turnover point . we also receive royalties from

