the duration and extent of restrictions imposed on our customers by federal , state and local governments is dependent on future developments regarding the pandemic , including new information about the severity of the disease , trends in infection rates , and development of effective medical treatments for the disease , among others . the adverse impact of the pandemic on our customers during the fifty-two weeks ended december 25 , 2020 resulted in a $ 616.7 million decline in our organic sales compared to the prior year . due to the pandemic , we incurred estimated non-cash charges of $ 15.8 million related to incremental bad debt expense and approximately $ 14.6 million related to estimated inventory obsolescence during the fifty-two weeks ended december 25 , 2020. our management team is responding rapidly to the changing landscape and pursuing alternate sources of revenue to mitigate the extent of sales declines in our core customer base . our sales force is working closely with our core customers and developing solutions to help them fulfill the demand in their communities while complying with health and safety restrictions . we are actively entering into new business relationships which include retail food outlets as they have experienced increases in consumer demand and shortages in their traditional supply chains due to the pandemic . as we develop these new sales channels , we are negotiating favorable credit terms given the nature of the underlying customer base and the current market 34 environment . in addition , our purchasing teams have worked diligently to shift our product purchases to skus that are in high demand . thus far , we have not experienced difficulties in procuring products from our suppliers . in response to the pandemic , we expanded our direct-to-consumer product offerings by launching our “ shop like a chef ” online home delivery platform in several of the markets we serve . we now offer products directly to consumers through both our allen brothers and “ shop like a chef ” online platforms . we have implemented cost control measures during this time of demand volatility . our variable cost structure naturally decreases as our sales decrease , however , we are also reducing our fixed cost structure . among other actions , we have postponed planned capital expenditures , returned certain equipment on short-term rental agreements , and reduced compensation expense through salary reductions , furloughs and lay-offs as we right-size our organization to current levels of demand . management determined the pandemic 's adverse impact on our operations and our market capitalization were triggering events that required us to test goodwill and long-lived assets for impairment as of march 27 , 2020. no impairments were identified as a result of these tests . although there were no additional triggering events during the remainder of fiscal 2020 , the impacts of the pandemic on our business are uncertain and will depend on future developments , and as such , it is possible that another triggering event could occur that under certain circumstances could cause us to recognize an impairment charge in the future . we closed the fiscal year with total cash and cash equivalents of $ 193.3 million , and approximately $ 50.3 million of remaining availability under our asset-based loan facility as of december 25 , 2020. the future impact of the pandemic on our business , operations and liquidity is difficult to predict at this time and is highly dependent on future developments including new information that may emerge on the severity of the disease , the extent of the outbreak , federal , state and local government responses , trends in infection rates , development of effective medical treatments for the disease , and future consumer spending behavior , among others . recent significant acquisitions on february 3 , 2020 , we entered into an asset purchase agreement to acquire substantially all of the assets of cambridge packing co , inc. ( “ cambridge ” ) , a specialty center-of-the-plate producer and distributor in new england . the cash purchase price was approximately $ 16.4 million , inclusive of a $ 0.6 million working capital true-up . we are required to pay additional contingent consideration , if earned , of up to $ 3.0 million over a two-year period upon successful attainment of certain gross profit targets . on january 27 , 2020 , we entered into an asset purchase agreement to acquire substantially all of the assets , including certain real-estate assets , of sid wainer & son ( “ sid wainer ” ) , a specialty food and produce distributor in new england . the cash purchase price was approximately $ 44.1 million , inclusive of a $ 2.4 million working capital true-up . we are required to pay additional contingent consideration , if earned , of up to $ 4.0 million over a two-year period upon successful attainment of certain gross profit targets . on february 25 , 2019 , pursuant to an asset purchase agreement , we acquired substantially all of the assets of bassian farms , inc. and related entities ( “ bassian ” ) , a specialty center-of-the-plate distributor based in northern california . the aggregate purchase price for the transaction was approximately $ 31.8 million , consisting of $ 28.0 million in cash paid at closing and the issuance of a $ 4.0 million unsecured convertible note , partially offset by the settlement of a net working capital true-up . we are also required to pay additional contingent consideration , if earned , which could total $ 9.0 million over a four-year period . the payment of the earn-out liability is subject to the successful achievement of certain gross profit targets . story_separator_special_tag inflation our profitability is dependent on , among other things , our ability to anticipate and react to changes in the costs of key operating resources , including food and other raw materials , labor , energy and other supplies and services . substantial increases in costs and expenses could impact our operating results to the extent that such increases can not be passed along to our customers . the impact of inflation on food , labor , energy and occupancy costs can significantly affect the profitability of our operations . commitments and significant contractual obligations the following table summarizes our contractual obligations and commercial commitments at december 25 , 2020 : replace_table_token_16_th 42 ( 1 ) interest on our various outstanding debt instruments is included in the above table , except for our term loans and abl , which have floating interest rates . at december 25 , 2020 , we had borrowings of $ 201.6 million under our term loans and $ 40.0 million under our abl . during the fiscal year ended december 25 , 2020 , the weighted average interest rate on our term loan and abl borrowings were approximately 4.4 % and 1.7 % , respectively . see note 10 “ debt obligations ” to our consolidated financial statements for further information on our debt instruments . ( 2 ) the table above excludes $ 2.8 million of total contingent earn-out liabilities related to certain acquisitions as of december 25 , 2020 and approximately $ 30.2 million of lease payments related to a distribution facility that does not commence until fiscal 2021 . ( 3 ) the table above excludes our supplier purchase obligations as we do not have any material unconditional contractual obligations to purchase fixed or minimum quantities of goods or services from our suppliers . we had outstanding letters of credit of approximately $ 20.1 million and $ 16.6 million at december 25 , 2020 and december 27 , 2019 , respectively . substantially all of our assets are pledged as collateral to secure our borrowings under our credit facilities . off-balance sheet arrangements as of december 25 , 2020 , we did not have any off-balance sheet arrangements , as defined in item 303 ( a ) ( 4 ) ( ii ) of regulation s-k. critical accounting policies the preparation of our consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . the sec has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and require our most difficult , complex or subjective judgments or estimates . based on this definition , we believe our critical accounting policies include the following : ( i ) determining our allowance for doubtful accounts , ( ii ) inventory valuation , with regard to determining inventory balance adjustments for excess and obsolete inventory , ( iii ) business combinations , ( iv ) valuing goodwill and intangible assets , ( v ) self-insurance reserves , ( vi ) accounting for income taxes and ( vii ) contingent earn-out liabilities . for all financial statement periods presented , there have been no material modifications to the application of these critical accounting policies . allowance for doubtful accounts we analyze customer creditworthiness , accounts receivable balances , payment history , payment terms and historical bad debt levels when evaluating the adequacy of our allowance for doubtful accounts . in instances where a reserve has been recorded for a particular customer , future sales to the customer are either conducted using cash-on-delivery terms or the account is closely monitored so that agreed-upon payments are received prior to orders being released . a failure to pay results in held or cancelled orders . we also estimate receivables that will ultimately be uncollectible based upon historical write-off experience . management incorporates current macro-economic factors in existence as of the balance sheet date that may impact the food-away-from-home industry and or its customers , and specifically , beginning in the first quarter of fiscal 2020 , the impact of the pandemic . we may be required to increase or decrease our allowance for doubtful accounts due to various factors , including the overall economic environment and particular circumstances of individual customers . our accounts receivable balance was $ 96.4 million and $ 175.0 million , net of the allowance for doubtful accounts of $ 24.0 million and $ 8.8 million , as of december 25 , 2020 and december 27 , 2019 , respectively . inventory valuation we adjust our inventory balances for excess and obsolete inventories . these adjustments are primarily based upon customer demand , inventory age , specifically identified inventory items and overall economic conditions . a sudden and unexpected change in consumer preferences or change in overall economic conditions could result in a significant change to these adjustments that could require a corresponding charge to earnings . we actively manage our inventory levels as we seek to minimize the risk of loss and have consistently achieved a relatively high level of inventory turnover . as a result of the impacts of the pandemic on our customer demand we incurred additional inventory valuation charges of $ 14.6 million in fiscal 2020. business combinations we account for acquisitions in accordance with accounting standards codification topic 805 “ business combinations . ” assets acquired and liabilities assumed are recorded at their estimated fair values , as of the acquisition date . the judgments made in determining the estimated fair value of assets acquired and liabilities assumed , including estimated useful life , may 43 have a material impact on our consolidated balance sheet and may materially impact the amount of depreciation and amortization expense recognized in periods subsequent to the acquisition . we determine the fair value of intangible assets using an income approach

liquidity and capital resources we finance our day-to-day operations and growth primarily with cash flows from operations , borrowings under our senior secured credit facilities and other indebtedness , operating leases , trade payables and equity financing . indebtedness the following table presents selected financial information on our indebtedness ( in thousands ) : replace_table_token_13_th as of december 25 , 2020 , we have various floating- and fixed-rate debt instruments with varying maturities for an aggregate principal amount of $ 395.6 million . see note 10 “ debt obligations ” to our consolidated financial statements for a full description of our debt instruments . on june 8 , 2020 , we amended our senior secured credit agreement which converted $ 238.1 million of the term loans then outstanding into a new tranche of term loans ( the “ 2025 tranche ” ) , which , among other things , extended the maturity date by three years and increased the fixed-rate portion of interest charged by 200 basis points . the company made a prepayment of $ 35.7 million on the 2025 tranche immediately after it was established . see note 10 “ debt obligations ” to our consolidated financial statements for a full description . on march 18 , 2020 , we drew $ 100.0 million on our asset-based loan facility to increase our cash on hand during the early stages of the pandemic 's impact to our business and have subsequently repaid $ 60.0 million of the draw . on november 22 , 2019 , we issued $ 150.0 million aggregate principal amount of 1.875 % convertible senior notes ( the “ senior notes ” ) . approximately $ 43.2 million of the net proceeds were used to repay all borrowings then outstanding under our abl and we intend to use the remainder for working capital and general corporate purposes , which may include future acquisitions .


 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 we finance our day-to-day operations and growth primarily with cash flows from operations , borrowings under our senior secured credit facilities and other indebtedness , operating leases , trade payables and equity financing . indebtedness the following table presents selected financial information on our indebtedness ( in thousands ) : replace_table_token_13_th as of december 25 , 2020 , we have various floating- and fixed-rate debt instruments with varying maturities for an aggregate principal amount of $ 395.6 million . see note 10 “ debt obligations ” to our consolidated financial statements for a full description of our debt instruments . on june 8 , 2020 , we amended our senior secured credit agreement which converted $ 238.1 million of the term loans then outstanding into a new tranche of term loans ( the “ 2025 tranche ” ) , which , among other things , extended the maturity date by three years and increased the fixed-rate portion of interest charged by 200 basis points . the company made a prepayment of $ 35.7 million on the 2025 tranche immediately after it was established . see note 10 “ debt obligations ” to our consolidated financial statements for a full description . on march 18 , 2020 , we drew $ 100.0 million on our asset-based loan facility to increase our cash on hand during the early stages of the pandemic 's impact to our business and have subsequently repaid $ 60.0 million of the draw . on november 22 , 2019 , we issued $ 150.0 million aggregate principal amount of 1.875 % convertible senior notes ( the “ senior notes ” ) . approximately $ 43.2 million of the net proceeds were used to repay all borrowings then outstanding under our abl and we intend to use the remainder for working capital and general corporate purposes , which may include future acquisitions .
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 Suspicious Activity Report : the duration and extent of restrictions imposed on our customers by federal , state and local governments is dependent on future developments regarding the pandemic , including new information about the severity of the disease , trends in infection rates , and development of effective medical treatments for the disease , among others . the adverse impact of the pandemic on our customers during the fifty-two weeks ended december 25 , 2020 resulted in a $ 616.7 million decline in our organic sales compared to the prior year . due to the pandemic , we incurred estimated non-cash charges of $ 15.8 million related to incremental bad debt expense and approximately $ 14.6 million related to estimated inventory obsolescence during the fifty-two weeks ended december 25 , 2020. our management team is responding rapidly to the changing landscape and pursuing alternate sources of revenue to mitigate the extent of sales declines in our core customer base . our sales force is working closely with our core customers and developing solutions to help them fulfill the demand in their communities while complying with health and safety restrictions . we are actively entering into new business relationships which include retail food outlets as they have experienced increases in consumer demand and shortages in their traditional supply chains due to the pandemic . as we develop these new sales channels , we are negotiating favorable credit terms given the nature of the underlying customer base and the current market 34 environment . in addition , our purchasing teams have worked diligently to shift our product purchases to skus that are in high demand . thus far , we have not experienced difficulties in procuring products from our suppliers . in response to the pandemic , we expanded our direct-to-consumer product offerings by launching our “ shop like a chef ” online home delivery platform in several of the markets we serve . we now offer products directly to consumers through both our allen brothers and “ shop like a chef ” online platforms . we have implemented cost control measures during this time of demand volatility . our variable cost structure naturally decreases as our sales decrease , however , we are also reducing our fixed cost structure . among other actions , we have postponed planned capital expenditures , returned certain equipment on short-term rental agreements , and reduced compensation expense through salary reductions , furloughs and lay-offs as we right-size our organization to current levels of demand . management determined the pandemic 's adverse impact on our operations and our market capitalization were triggering events that required us to test goodwill and long-lived assets for impairment as of march 27 , 2020. no impairments were identified as a result of these tests . although there were no additional triggering events during the remainder of fiscal 2020 , the impacts of the pandemic on our business are uncertain and will depend on future developments , and as such , it is possible that another triggering event could occur that under certain circumstances could cause us to recognize an impairment charge in the future . we closed the fiscal year with total cash and cash equivalents of $ 193.3 million , and approximately $ 50.3 million of remaining availability under our asset-based loan facility as of december 25 , 2020. the future impact of the pandemic on our business , operations and liquidity is difficult to predict at this time and is highly dependent on future developments including new information that may emerge on the severity of the disease , the extent of the outbreak , federal , state and local government responses , trends in infection rates , development of effective medical treatments for the disease , and future consumer spending behavior , among others . recent significant acquisitions on february 3 , 2020 , we entered into an asset purchase agreement to acquire substantially all of the assets of cambridge packing co , inc. ( “ cambridge ” ) , a specialty center-of-the-plate producer and distributor in new england . the cash purchase price was approximately $ 16.4 million , inclusive of a $ 0.6 million working capital true-up . we are required to pay additional contingent consideration , if earned , of up to $ 3.0 million over a two-year period upon successful attainment of certain gross profit targets . on january 27 , 2020 , we entered into an asset purchase agreement to acquire substantially all of the assets , including certain real-estate assets , of sid wainer & son ( “ sid wainer ” ) , a specialty food and produce distributor in new england . the cash purchase price was approximately $ 44.1 million , inclusive of a $ 2.4 million working capital true-up . we are required to pay additional contingent consideration , if earned , of up to $ 4.0 million over a two-year period upon successful attainment of certain gross profit targets . on february 25 , 2019 , pursuant to an asset purchase agreement , we acquired substantially all of the assets of bassian farms , inc. and related entities ( “ bassian ” ) , a specialty center-of-the-plate distributor based in northern california . the aggregate purchase price for the transaction was approximately $ 31.8 million , consisting of $ 28.0 million in cash paid at closing and the issuance of a $ 4.0 million unsecured convertible note , partially offset by the settlement of a net working capital true-up . we are also required to pay additional contingent consideration , if earned , which could total $ 9.0 million over a four-year period . the payment of the earn-out liability is subject to the successful achievement of certain gross profit targets . story_separator_special_tag inflation our profitability is dependent on , among other things , our ability to anticipate and react to changes in the costs of key operating resources , including food and other raw materials , labor , energy and other supplies and services . substantial increases in costs and expenses could impact our operating results to the extent that such increases can not be passed along to our customers . the impact of inflation on food , labor , energy and occupancy costs can significantly affect the profitability of our operations . commitments and significant contractual obligations the following table summarizes our contractual obligations and commercial commitments at december 25 , 2020 : replace_table_token_16_th 42 ( 1 ) interest on our various outstanding debt instruments is included in the above table , except for our term loans and abl , which have floating interest rates . at december 25 , 2020 , we had borrowings of $ 201.6 million under our term loans and $ 40.0 million under our abl . during the fiscal year ended december 25 , 2020 , the weighted average interest rate on our term loan and abl borrowings were approximately 4.4 % and 1.7 % , respectively . see note 10 “ debt obligations ” to our consolidated financial statements for further information on our debt instruments . ( 2 ) the table above excludes $ 2.8 million of total contingent earn-out liabilities related to certain acquisitions as of december 25 , 2020 and approximately $ 30.2 million of lease payments related to a distribution facility that does not commence until fiscal 2021 . ( 3 ) the table above excludes our supplier purchase obligations as we do not have any material unconditional contractual obligations to purchase fixed or minimum quantities of goods or services from our suppliers . we had outstanding letters of credit of approximately $ 20.1 million and $ 16.6 million at december 25 , 2020 and december 27 , 2019 , respectively . substantially all of our assets are pledged as collateral to secure our borrowings under our credit facilities . off-balance sheet arrangements as of december 25 , 2020 , we did not have any off-balance sheet arrangements , as defined in item 303 ( a ) ( 4 ) ( ii ) of regulation s-k. critical accounting policies the preparation of our consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . the sec has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and require our most difficult , complex or subjective judgments or estimates . based on this definition , we believe our critical accounting policies include the following : ( i ) determining our allowance for doubtful accounts , ( ii ) inventory valuation , with regard to determining inventory balance adjustments for excess and obsolete inventory , ( iii ) business combinations , ( iv ) valuing goodwill and intangible assets , ( v ) self-insurance reserves , ( vi ) accounting for income taxes and ( vii ) contingent earn-out liabilities . for all financial statement periods presented , there have been no material modifications to the application of these critical accounting policies . allowance for doubtful accounts we analyze customer creditworthiness , accounts receivable balances , payment history , payment terms and historical bad debt levels when evaluating the adequacy of our allowance for doubtful accounts . in instances where a reserve has been recorded for a particular customer , future sales to the customer are either conducted using cash-on-delivery terms or the account is closely monitored so that agreed-upon payments are received prior to orders being released . a failure to pay results in held or cancelled orders . we also estimate receivables that will ultimately be uncollectible based upon historical write-off experience . management incorporates current macro-economic factors in existence as of the balance sheet date that may impact the food-away-from-home industry and or its customers , and specifically , beginning in the first quarter of fiscal 2020 , the impact of the pandemic . we may be required to increase or decrease our allowance for doubtful accounts due to various factors , including the overall economic environment and particular circumstances of individual customers . our accounts receivable balance was $ 96.4 million and $ 175.0 million , net of the allowance for doubtful accounts of $ 24.0 million and $ 8.8 million , as of december 25 , 2020 and december 27 , 2019 , respectively . inventory valuation we adjust our inventory balances for excess and obsolete inventories . these adjustments are primarily based upon customer demand , inventory age , specifically identified inventory items and overall economic conditions . a sudden and unexpected change in consumer preferences or change in overall economic conditions could result in a significant change to these adjustments that could require a corresponding charge to earnings . we actively manage our inventory levels as we seek to minimize the risk of loss and have consistently achieved a relatively high level of inventory turnover . as a result of the impacts of the pandemic on our customer demand we incurred additional inventory valuation charges of $ 14.6 million in fiscal 2020. business combinations we account for acquisitions in accordance with accounting standards codification topic 805 “ business combinations . ” assets acquired and liabilities assumed are recorded at their estimated fair values , as of the acquisition date . the judgments made in determining the estimated fair value of assets acquired and liabilities assumed , including estimated useful life , may 43 have a material impact on our consolidated balance sheet and may materially impact the amount of depreciation and amortization expense recognized in periods subsequent to the acquisition . we determine the fair value of intangible assets using an income approach

