we will remain an “ emerging growth company ” for up to five years from our initial public offering , or until the earliest to occur of ( 1 ) the last day of the first fiscal year in which our total annual gross revenues exceed $ 1.1 billion , ( 2 ) the date that we become a “ large accelerated filer ” as defined in rule 12b-2 under the securities exchange act of 1934 , which would occur if the market value of our common stock that is held by non-affiliates exceeds $ 700 million as of the last business day of our most recently completed second fiscal quarter or ( 3 ) the date on which we have issued more than $ 1.0 billion in non-convertible debt during the preceding three year period . our emerging growth status will expire on the first day of fiscal year 2020 , and as such at that time we will no longer be able to take advantage of the exemptions noted above . 26 overview unique is engaged in the engineering and manufacture of multi-material foam , rubber and plastic components utilized in noise , vibration and harshness , acoustical management , water and air sealing , decorative and other functional applications . the company combines a long history of organic growth with some more recent strategic acquisitions to diversify both product capabilities and markets served . unique 's markets served are the north america automotive and heavy duty truck , as well as the appliance , water heater and hvac markets . sales are conducted directly with major automotive and heavy duty truck , appliance , water heater and hvac oems , or indirectly through the tier 1 suppliers of these oems . the company has its principal executive offices in auburn hills , michigan and has sales , engineering and production facilities in auburn hills , michigan , concord , michigan , lafayette , georgia , louisville , kentucky , evansville , indiana , bryan , ohio , monterrey , mexico , queretaro , mexico and london , ontario . the company also has an independent client sales representative who maintains offices in baldham , germany . unique derives the majority of its net sales from the sales of foam , rubber plastic , and tape adhesive related automotive products . these products are produced from a variety of manufacturing processes including die cutting , compression molding , thermoforming , reaction injection molding , and fusion molding . we believe unique has a broader array of processes and materials utilized than any of its direct competitors , based on our product offerings . by sealing out air noise and water intrusion , and by providing sound absorption and blocking , unique 's products improve the interior comfort of a vehicle , increasing perceived vehicle quality and the overall experience of its passengers . unique 's products perform similar functions for appliances , water heaters and hvac systems , improving thermal characteristics , reducing noise and prolonging equipment life . we primarily operate within the highly competitive and cyclical automotive parts industry . over the past several years the industry has experienced consistent growth as it recovered from the recession of 2009. many sectors of the supply chain are operating near capacity . over the same period we have grown our core automotive parts business at a faster rate than the industry as a whole , indicating we are taking market share from competitors and increasing our content per vehicle on the programs we supply . we expect this trend to continue . recent developments dividend declaration on february 12 , 2019 , our board of directors declared a quarterly cash dividend of $ 0.05 per common share . the dividend will be payable on march 7 , 2019 to shareholders of record at the close of business on february 28 , 2019. fort smith facility closure on february 13 , 2018 , the company made the decision to close its manufacturing facility in fort smith , arkansas . the company ceased operations at the fort smith facility in july of 2018 , and approximately 20 positions were eliminated as a result of the closure . the company 's decision resulted from its desire to streamline operations and to utilize some of the available excess capacity in other of our facilities . the company moved existing fort smith production to its manufacturing facilities in evansville , indiana and monterrey , mexico . the company provided the affected employees severance pay , health benefits continuation and job search assistance . the company evaluated whether or not this closing met the criteria for discontinued operations and concluded that the closing did not meet the definition as it did not represent a strategic shift in the company 's operations and the company will have continuing cash flows from the production being moved to other facilities within the company . the company incurred one-time severance costs as a result of this plant closure of $ 233,782 in the 52 weeks ended december 30 , 2018 . the amount of other costs incurred associated with this plant closure , which primarily consisted of preparing and moving existing production equipment and inventory at fort smith to other facilities was $ 559,461 in the 52 weeks ended december 30 , 2018 . all of these costs were recorded to the restructuring expense line in continuing operations in the company 's consolidated statement of operations . on october 18 , 2018 , the company sold the building it owned in fort smith , which had a net book value of $ 733,059 , for cash proceeds of $ 876,032 resulting in a gain on the sale of $ 142,973 . through the date of the sale the building qualified as being held for sale , and therefore was presented as such in the consolidated balance sheet in our historical financial statements . story_separator_special_tag 31 comparison of results of operations for the fifty-two weeks ended december 31 , 2017 and the fifty-two weeks ended january 1 , 2017 in 2016 , we acquired substantially all of the assets of intasco corporation , a canadian based tape manufacturer , for a purchase price of $ 21.03 million , net of cash acquired , at closing , with a portion being held in escrow to fund the obligations of intasco corporation and its stockholders to indemnify unique against certain claims , losses and liabilities . on the same date , we purchased 100 % of the outstanding capital stock of its u.s. subsidiary , intasco usa , inc. , a united states based tape manufacturer , for a purchase price of $ 0.89 million paid by the issuance of 70,797 shares of the company 's common stock , par value $ 0.001 per share . the purchase price was paid with borrowings under a new credit facility which replaced the company 's existing facility . for the fifty-two weeks ended december 31 , 2017 , our financial results include the intasco business for the entire period . for the fifty-two weeks ended january 1 , 2017 , our financial results include the transaction related expenses from the acquisition and the results of operations of the intasco business from apri1 29 , 2016 through january 1 , 2017 . fifty-two weeks ended december 31 , 2017 and fifty-two weeks ended january 1 , 2017 net sales fifty-two weeks ended december 31 , 2017 fifty-two weeks ended january 1 , 2017 ( in thousands ) net sales $ 175,288 $ 170,463 net sales for the fifty-two weeks ended december 31 , 2017 were approximately $ 175.29 million compared to $ 170.46 million for the fifty-two weeks ended january 1 , 2017 . the increase in net sales for the fifty-two weeks ended december 31 , 2017 is attributable to our increased market penetration and content per vehicle and new product introductions , as well as a full 52 weeks of sales from the intasco business . the acquisition occurred on april 29 , 2016 , and therefore only 35 weeks of intasco sales are included for the fifty-two weeks ended january 1 , 2017 . this growth was partially offset by an approximately 4 % overall decline in north american vehicle production during the fifty-two weeks ended december 31 , 2017 period as compared to production during the fifty-two weeks ended january 1 , 2017 . cost of sales the major components of cost of sales are raw materials purchased from third parties , direct labor and benefits , and manufacturing overhead , including facility costs , utilities , supplies , repairs and maintenance , insurance , freight costs of products shipped to customers and depreciation . replace_table_token_8_th 32 cost of sales as a percent of net sales replace_table_token_9_th cost of sales as a percentage of net sales for the fifty-two weeks ended december 31 , 2017 increased to 77.2 % from 76.8 % for the fifty-two weeks ended january 1 , 2017 . the increase in cost of sales as a percentage of net sales was attributable to higher direct labor and benefits and manufacturing overhead as a percentage of net sales , partially offset by lower material costs as a percentage of net sales . material costs as a percentage of net sales decreased to 50.4 % for the fifty-two weeks ended december 31 , 2017 from 51.0 % for the fifty-two weeks ended january 1 , 2017 . material costs for the fifty-two weeks ended december 31 , 2017 as a percentage of net sales were lower compared to the fifty-two weeks ended january 1 , 2017 primarily due to favorable product mix in the fifty-two weeks ended january 1 , 2017 , as well as increased costs in 2016 due to the amortization of the markup to fair market value of inventory acquired in the intasco acquisition . direct labor and benefit costs as a percentage of net sales was 15.3 % for the fifty-two weeks ended december 31 , 2017 compared to 15.0 % for the fifty-two weeks ended january 1 , 2017 . labor and benefit costs as a percentage of net sales in the fifty-two weeks ended december 31 , 2017 were higher due to increased direct and temporary labor hours as a result of change in product mix , and a decline in the use of temporary employees at one of our facilities in michigan as required under our collective bargaining agreement , resulting in an increase in benefit related costs during the fifty-two weeks ended december 31 , 2017 when compared to the fifty-two weeks ended january 1 , 2017 . manufacturing overhead costs as a percentage of net sales were 10.4 % for the fifty-two weeks ended december 31 , 2017 compared 9.9 % for the fifty-two weeks ended january 1 , 2017 . manufacturing overhead as a percentage of net sales in the fifty-two weeks ended december 31 , 2017 were higher due primarily to higher rent costs , as we continued to add capacity in order to meet expected future demand , and increased indirect labor costs as we upgraded our staff and add production capabilities at some of our facilities . depreciation costs as a percentage of net sales in the fifty-two weeks ended december 31 , 2017 were also slightly higher than the fifty-two weeks ended january 1 , 2017 as we added machine capacity , again to meet expected future demand , and to increase capabilities in certain of our facilities . gross profit as a result of the increase in cost of sales as a percentage of net sales described above , gross profit as a percentage of net sales for the fifty-two weeks ended december 31 , 2017 decreased to 22.8 % from 23.2 % for the fifty-two weeks ended january 1 , 2017 . selling , general and administrative expenses

liquidity and capital resources our principal sources of liquidity are cash flow from operations and borrowings under our amended and restated credit agreement from our senior lenders . 35 our primary uses of cash are payment of vendors , payroll , operating costs , capital expenditures and debt service . as of december 30 , 2018 , december 31 , 2017 and january 1 , 2017 , we had a cash balance of $ 1.41 million , $ 1.43 million and $ 0.71 million , respectively . our excess cash balance is swept daily and applied to reduce borrowings under our revolving line of credit , which remains available for re-borrowing , as needed , subject to compliance with the terms of the facility . as of december 30 , 2018 , december 31 , 2017 and january 1 , 2017 , we had $ 11.61 million , $ 7.19 million and $ 9.42 million , respectively , available for borrowing under our amended and restated credit facility , subject , in each case , to borrowing base restrictions , compliance with the terms of the facility and outstanding letters of credit . at each such date , we were in compliance with all debt covenants under such facilities .


 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 our principal sources of liquidity are cash flow from operations and borrowings under our amended and restated credit agreement from our senior lenders . 35 our primary uses of cash are payment of vendors , payroll , operating costs , capital expenditures and debt service . as of december 30 , 2018 , december 31 , 2017 and january 1 , 2017 , we had a cash balance of $ 1.41 million , $ 1.43 million and $ 0.71 million , respectively . our excess cash balance is swept daily and applied to reduce borrowings under our revolving line of credit , which remains available for re-borrowing , as needed , subject to compliance with the terms of the facility . as of december 30 , 2018 , december 31 , 2017 and january 1 , 2017 , we had $ 11.61 million , $ 7.19 million and $ 9.42 million , respectively , available for borrowing under our amended and restated credit facility , subject , in each case , to borrowing base restrictions , compliance with the terms of the facility and outstanding letters of credit . at each such date , we were in compliance with all debt covenants under such facilities .
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 Suspicious Activity Report : we will remain an “ emerging growth company ” for up to five years from our initial public offering , or until the earliest to occur of ( 1 ) the last day of the first fiscal year in which our total annual gross revenues exceed $ 1.1 billion , ( 2 ) the date that we become a “ large accelerated filer ” as defined in rule 12b-2 under the securities exchange act of 1934 , which would occur if the market value of our common stock that is held by non-affiliates exceeds $ 700 million as of the last business day of our most recently completed second fiscal quarter or ( 3 ) the date on which we have issued more than $ 1.0 billion in non-convertible debt during the preceding three year period . our emerging growth status will expire on the first day of fiscal year 2020 , and as such at that time we will no longer be able to take advantage of the exemptions noted above . 26 overview unique is engaged in the engineering and manufacture of multi-material foam , rubber and plastic components utilized in noise , vibration and harshness , acoustical management , water and air sealing , decorative and other functional applications . the company combines a long history of organic growth with some more recent strategic acquisitions to diversify both product capabilities and markets served . unique 's markets served are the north america automotive and heavy duty truck , as well as the appliance , water heater and hvac markets . sales are conducted directly with major automotive and heavy duty truck , appliance , water heater and hvac oems , or indirectly through the tier 1 suppliers of these oems . the company has its principal executive offices in auburn hills , michigan and has sales , engineering and production facilities in auburn hills , michigan , concord , michigan , lafayette , georgia , louisville , kentucky , evansville , indiana , bryan , ohio , monterrey , mexico , queretaro , mexico and london , ontario . the company also has an independent client sales representative who maintains offices in baldham , germany . unique derives the majority of its net sales from the sales of foam , rubber plastic , and tape adhesive related automotive products . these products are produced from a variety of manufacturing processes including die cutting , compression molding , thermoforming , reaction injection molding , and fusion molding . we believe unique has a broader array of processes and materials utilized than any of its direct competitors , based on our product offerings . by sealing out air noise and water intrusion , and by providing sound absorption and blocking , unique 's products improve the interior comfort of a vehicle , increasing perceived vehicle quality and the overall experience of its passengers . unique 's products perform similar functions for appliances , water heaters and hvac systems , improving thermal characteristics , reducing noise and prolonging equipment life . we primarily operate within the highly competitive and cyclical automotive parts industry . over the past several years the industry has experienced consistent growth as it recovered from the recession of 2009. many sectors of the supply chain are operating near capacity . over the same period we have grown our core automotive parts business at a faster rate than the industry as a whole , indicating we are taking market share from competitors and increasing our content per vehicle on the programs we supply . we expect this trend to continue . recent developments dividend declaration on february 12 , 2019 , our board of directors declared a quarterly cash dividend of $ 0.05 per common share . the dividend will be payable on march 7 , 2019 to shareholders of record at the close of business on february 28 , 2019. fort smith facility closure on february 13 , 2018 , the company made the decision to close its manufacturing facility in fort smith , arkansas . the company ceased operations at the fort smith facility in july of 2018 , and approximately 20 positions were eliminated as a result of the closure . the company 's decision resulted from its desire to streamline operations and to utilize some of the available excess capacity in other of our facilities . the company moved existing fort smith production to its manufacturing facilities in evansville , indiana and monterrey , mexico . the company provided the affected employees severance pay , health benefits continuation and job search assistance . the company evaluated whether or not this closing met the criteria for discontinued operations and concluded that the closing did not meet the definition as it did not represent a strategic shift in the company 's operations and the company will have continuing cash flows from the production being moved to other facilities within the company . the company incurred one-time severance costs as a result of this plant closure of $ 233,782 in the 52 weeks ended december 30 , 2018 . the amount of other costs incurred associated with this plant closure , which primarily consisted of preparing and moving existing production equipment and inventory at fort smith to other facilities was $ 559,461 in the 52 weeks ended december 30 , 2018 . all of these costs were recorded to the restructuring expense line in continuing operations in the company 's consolidated statement of operations . on october 18 , 2018 , the company sold the building it owned in fort smith , which had a net book value of $ 733,059 , for cash proceeds of $ 876,032 resulting in a gain on the sale of $ 142,973 . through the date of the sale the building qualified as being held for sale , and therefore was presented as such in the consolidated balance sheet in our historical financial statements . story_separator_special_tag 31 comparison of results of operations for the fifty-two weeks ended december 31 , 2017 and the fifty-two weeks ended january 1 , 2017 in 2016 , we acquired substantially all of the assets of intasco corporation , a canadian based tape manufacturer , for a purchase price of $ 21.03 million , net of cash acquired , at closing , with a portion being held in escrow to fund the obligations of intasco corporation and its stockholders to indemnify unique against certain claims , losses and liabilities . on the same date , we purchased 100 % of the outstanding capital stock of its u.s. subsidiary , intasco usa , inc. , a united states based tape manufacturer , for a purchase price of $ 0.89 million paid by the issuance of 70,797 shares of the company 's common stock , par value $ 0.001 per share . the purchase price was paid with borrowings under a new credit facility which replaced the company 's existing facility . for the fifty-two weeks ended december 31 , 2017 , our financial results include the intasco business for the entire period . for the fifty-two weeks ended january 1 , 2017 , our financial results include the transaction related expenses from the acquisition and the results of operations of the intasco business from apri1 29 , 2016 through january 1 , 2017 . fifty-two weeks ended december 31 , 2017 and fifty-two weeks ended january 1 , 2017 net sales fifty-two weeks ended december 31 , 2017 fifty-two weeks ended january 1 , 2017 ( in thousands ) net sales $ 175,288 $ 170,463 net sales for the fifty-two weeks ended december 31 , 2017 were approximately $ 175.29 million compared to $ 170.46 million for the fifty-two weeks ended january 1 , 2017 . the increase in net sales for the fifty-two weeks ended december 31 , 2017 is attributable to our increased market penetration and content per vehicle and new product introductions , as well as a full 52 weeks of sales from the intasco business . the acquisition occurred on april 29 , 2016 , and therefore only 35 weeks of intasco sales are included for the fifty-two weeks ended january 1 , 2017 . this growth was partially offset by an approximately 4 % overall decline in north american vehicle production during the fifty-two weeks ended december 31 , 2017 period as compared to production during the fifty-two weeks ended january 1 , 2017 . cost of sales the major components of cost of sales are raw materials purchased from third parties , direct labor and benefits , and manufacturing overhead , including facility costs , utilities , supplies , repairs and maintenance , insurance , freight costs of products shipped to customers and depreciation . replace_table_token_8_th 32 cost of sales as a percent of net sales replace_table_token_9_th cost of sales as a percentage of net sales for the fifty-two weeks ended december 31 , 2017 increased to 77.2 % from 76.8 % for the fifty-two weeks ended january 1 , 2017 . the increase in cost of sales as a percentage of net sales was attributable to higher direct labor and benefits and manufacturing overhead as a percentage of net sales , partially offset by lower material costs as a percentage of net sales . material costs as a percentage of net sales decreased to 50.4 % for the fifty-two weeks ended december 31 , 2017 from 51.0 % for the fifty-two weeks ended january 1 , 2017 . material costs for the fifty-two weeks ended december 31 , 2017 as a percentage of net sales were lower compared to the fifty-two weeks ended january 1 , 2017 primarily due to favorable product mix in the fifty-two weeks ended january 1 , 2017 , as well as increased costs in 2016 due to the amortization of the markup to fair market value of inventory acquired in the intasco acquisition . direct labor and benefit costs as a percentage of net sales was 15.3 % for the fifty-two weeks ended december 31 , 2017 compared to 15.0 % for the fifty-two weeks ended january 1 , 2017 . labor and benefit costs as a percentage of net sales in the fifty-two weeks ended december 31 , 2017 were higher due to increased direct and temporary labor hours as a result of change in product mix , and a decline in the use of temporary employees at one of our facilities in michigan as required under our collective bargaining agreement , resulting in an increase in benefit related costs during the fifty-two weeks ended december 31 , 2017 when compared to the fifty-two weeks ended january 1 , 2017 . manufacturing overhead costs as a percentage of net sales were 10.4 % for the fifty-two weeks ended december 31 , 2017 compared 9.9 % for the fifty-two weeks ended january 1 , 2017 . manufacturing overhead as a percentage of net sales in the fifty-two weeks ended december 31 , 2017 were higher due primarily to higher rent costs , as we continued to add capacity in order to meet expected future demand , and increased indirect labor costs as we upgraded our staff and add production capabilities at some of our facilities . depreciation costs as a percentage of net sales in the fifty-two weeks ended december 31 , 2017 were also slightly higher than the fifty-two weeks ended january 1 , 2017 as we added machine capacity , again to meet expected future demand , and to increase capabilities in certain of our facilities . gross profit as a result of the increase in cost of sales as a percentage of net sales described above , gross profit as a percentage of net sales for the fifty-two weeks ended december 31 , 2017 decreased to 22.8 % from 23.2 % for the fifty-two weeks ended january 1 , 2017 . selling , general and administrative expenses

