generic shell eggs ) in the southeastern region for the months of june through november 2015 was $ 2.32 per dozen , with a peak of $ 2.97 in august . subsequent to november 2015 , shell egg prices declined . the urner barry price index ( `` ub index `` ) hit a decade-low level in both our fiscal 2016 fourth quarter and our fiscal 2017 second quarter . in fiscal 2018 , non-specialty shell egg prices rebounded significantly due to strong demand before falling again in fiscal 2019 based on oversupply issues . these fluctuations illustrate the volatility of our industry . our net average selling price per dozen shell eggs for fiscal 2019 decreased to $ 1.265 compared to $ 1.397 for fiscal 2018 , including a decrease in non-specialty shell egg prices to $ 1.041 in fiscal 2019 compared to $ 1.226 in fiscal 2018 . we are one of the largest producers and marketers of value-added specialty shell eggs in the u.s. for accounting purposes , we classify nutritionally enhanced , cage-free , organic and brown eggs as specialty shell eggs . specialty shell eggs have been a significant and growing segment of the market in recent years . in recent years , a significant number of large restaurant chains , food service companies and grocery chains , including our largest customers , announced goals to transition to a cage-free egg supply chain by specified future dates . we are working with our customers to achieve smooth progress in meeting their goals . our focus for future expansion at our farms will be environments that are cage-free or with equipment that can easily be converted to cage-free , based on a timeline to meet our customer 's needs . for fiscal 2019 , we produced approximately 84 % of the total number of shell eggs sold by us , with approximately 9 % of such shell egg production provided by contract producers . contract producers utilize their facilities to produce shell eggs from layers owned by us . we own the shell eggs produced under these arrangements . for fiscal 2019 , approximately 16 % of the total number of shell eggs sold by us were purchased from outside producers for resale . our cost of production is materially affected by feed costs , which are highly volatile and subject to wide fluctuation . for fiscal 2019 , feed costs averaged about 57 % of our total farm egg production cost . changes in market prices for corn and soybean meal , the primary ingredients in the feed we use , result in changes in our cost of goods sold . for our last five fiscal years , average feed cost per dozen sold ranged from a low of $ 0.39 in fiscal 2018 to a high of $ 0.44 in fiscal 2015. the cost of our primary feed ingredients , which are commodities , are subject to factors over which we have little or no control such as volatile price changes caused by weather , size of harvest , transportation and storage costs , demand and the agricultural and energy policies of the u.s. and foreign governments . looking forward to 2020 , grain prices are trending higher as historic rainfall and flooding through the early growing season are adversely affecting this year 's corn and soybean crops . however , ongoing uncertainties and geopolitical issues surrounding trade agreements and international tariffs led to reduced exports and downward pressure on recent grain prices . as such , we expect our feed costs to be more volatile and potentially higher in fiscal 2020 . 23 results of operations the following table sets forth , for the fiscal years indicated , certain items from our consolidated statements of operations expressed as a percentage of net sales . replace_table_token_2_th executive overview of results – fiscal years ended june 1 , 2019 , june 2 , 2018 , and june 3 , 2017 our operating results are significantly affected by wholesale shell egg market prices and feed costs , which can fluctuate widely and are outside of our control . the majority of our shell eggs are sold at independently quoted wholesale market prices for shell eggs or formulas related to our costs of production which include the cost of corn and soybean meal . the following table shows our net income ( loss ) , gross profit , net average shell egg selling price , the average urner barry wholesale large shell egg prices in the southeast region , and feed cost per dozen produced for each of our three most recent fiscal years . replace_table_token_3_th 1- average thursday price for the large market ( i.e . generic shell eggs ) in the southeastern region the shell egg industry has historically been subject to periods of high profitability followed by periods of significant loss . the periods of high profitability have often reflected increased consumer demand relative to supply while the periods of significant loss have often reflected excess supply for the then prevailing consumer demand . historically , demand for shell eggs increases in line with overall population growth . as reflected above , our operating results fluctuate with changes in the spot egg market quote and feed costs . the net average shell egg selling price is the blended price for all sizes and grades of shell eggs , including non-graded shell egg sales , breaking stock and undergrades . in fiscal 2017 , our net average selling price and dozens sold decreased over the previous fiscal year primarily due to the oversupply of eggs resulting from the repopulation of the national flock of laying hens to levels exceeding the flock size prior to the avian influenza outbreak in 2015 , along with a reduced demand for egg products . story_separator_special_tag 29 items causing our effective rate to differ from the federal statutory income tax rate of 21 % are state income taxes , certain federal tax credits and certain items included in income or loss for financial reporting purposes that are not included in taxable income or loss for income tax purposes , including tax exempt interest income , certain nondeductible expenses , and net income or loss attributable to noncontrolling interest . net income attributable to noncontrolling interest net income attributable to noncontrolling interest for fiscal 2019 was $ 833,000 compared to $ 264,000 for fiscal 2018 . our noncontrolling interest relates to the company 's majority owned subsidiary , texas egg products , llc . net income ( loss ) attributable to cal-maine foods , inc. as a result of the above , net income for fiscal 2019 was $ 54.2 million , or $ 1.12 per basic and diluted share , compared to $ 125.9 million , or $ 2.60 per basic and diluted share for fiscal 2018 . fiscal year ended june 2 , 2018 compared to fiscal year ended june 3 , 2017 the discussion of our results of operations for the fiscal year ended june 2 , 2018 compared to the fiscal year ended june 3 , 2017 can be found in part ii , item 7 , `` management 's discussion and analysis of financial condition and results of operations `` in the company 's fiscal 2018 annual report on form 10-k. story_separator_special_tag style= `` line-height:120 % ; text-align : justify ; text-indent:72px ; font-size:11pt ; `` > investments in securities available-for-sale our investment securities are accounted for in accordance with asc 320 , “ investments-debt and equity securities ” ( “ asc 320 ” ) . the company considers all investment securities for which there is a determinable fair market value and no restrictions on the company 's ability to sell within the next 12 months as available-for-sale , and carries them at fair value , with unrealized gains and losses reported as a separate component of stockholders ' equity . realized gains and losses are included in other income . the cost basis for realized gains and losses on available-for-sale securities is determined on the specific identification method . allowance for doubtful accounts in the normal course of business , we extend credit to our customers on a short-term basis . although credit risk associated with our customers is considered minimal , we routinely review our accounts receivable balances and make provisions for probable doubtful accounts . in circumstances where management is aware of a specific customer 's inability to meet its financial obligations to us ( e.g . bankruptcy filings ) , a specific reserve is recorded to reduce the receivable to the amount expected to be collected . for all other customers , we recognize reserves for bad debt based on the length of time the receivables are past due , generally 100 % for amounts more than 60 days past due . inventories inventories of eggs , feed , supplies and flocks are valued principally at the lower of cost ( first-in , first-out method ) or net realizable value . if market prices for eggs and feed grains move substantially lower , we record adjustments to write-down the carrying values of eggs and feed inventories to fair market value . the cost associated with flock inventories , consisting principally of chick purchases , feed , labor , contractor payments and overhead costs , are accumulated during the growing period of approximately 22 weeks . capitalized flock costs are then amortized over the flock 's productive life , generally one to two years . flock mortality is charged to cost of sales as incurred . high mortality from disease or extreme temperatures will result in abnormal write-downs to flock inventories . management continually monitors each flock and attempts to take appropriate actions to minimize the risk of mortality loss . long-lived assets depreciable long-lived assets are primarily comprised of buildings , improvements , machinery and equipment . depreciation is provided by the straight-line method over the estimated useful lives , which are 15 to 25 years for buildings and improvements and 3 to 12 years for machinery and equipment . an increase or decrease in the estimated useful lives would result in changes to depreciation expense . when property and equipment are retired , sold , or otherwise disposed of , the asset 's carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations . we continually reevaluate the carrying value of our long-lived assets , for events or changes in circumstances which indicate the carrying value may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition . if the sum of the expected future cash flows ( undiscounted and without interest charges ) are less than the carrying amount of the asset , an impairment loss is recognized to reduce the carrying value of the asset to it 's estimated fair value . intangible assets included in other intangible assets are separable intangible assets acquired in business acquisitions , which include franchise fees , non-compete agreements and customer relationship intangibles . they are amortized over their estimated useful lives of 5 to 15 years . the gross cost and accumulated amortization of intangible assets are removed when the recorded amounts are fully amortized and the asset is no longer in use . 33 equity and cost method investments we have invested in other companies engaged in the production , processing and distribution of shell eggs and egg products . these investments are recorded using the cost or equity method , and are not consolidated in our financial statements . changes in the ownership percentages of these investments might alter the accounting methods currently used . our investment in these companies amounted to $ 63.3 million at june 1

capital resources and liquidity our working capital at june 1 , 2019 was $ 492.8 million , compared to $ 479.7 million at june 2 , 2018 . the calculation of working capital is defined as current assets less current liabilities . our current ratio was 7.58 at june 1 , 2019 compared to 5.45 at june 2 , 2018 . the current ratio is calculated by dividing current assets by current liabilities . our need for working capital generally is highest in the last and first fiscal quarters ending in may/june and august/september , respectively , when egg prices are normally at seasonal lows . our long-term debt and capital leases at june 1 , 2019 , including current maturities , amounted to $ 2.3 million , compared to $ 6.1 million at june 2 , 2018 . on july 10 , 2018 , we entered into a $ 100.0 million senior secured revolving credit facility ( the `` revolving credit facility '' ) . no amounts were borrowed under the facility during fiscal 2019 or as of july 19 , 2019. at june 1 , 2019 , we had $ 4.2 million in outstanding standby letters of credit , of which $ 3.7 million were secured by our revolving credit facility with the remainder collateralized with cash . see note 8 in the notes to consolidated financial statements for information regarding our long-term debt instruments . net cash provided by operating activities was $ 115.1 million for fiscal year 2019 compared with $ 200.4 million for fiscal year 2018 . decreased gross profit margins resulting from lower egg prices contributed greatly to our decrease in cash flow from operations . for fiscal 2019 , approximately $ 209.8 million was provided from the sale and maturity of short-term investments , $ 177.0 million was used to purchase short-term investments and net payments of $ 7.9 million were received from investments in unconsolidated entities . we used $ 17.9 million to acquire featherland egg farms . we invested $ 4.3 million in unconsolidated entities . approximately $ 68.0 million was used to purchase property , plant and equipment .


 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.
     ```capital resources and liquidity our working capital at june 1 , 2019 was $ 492.8 million , compared to $ 479.7 million at june 2 , 2018 . the calculation of working capital is defined as current assets less current liabilities . our current ratio was 7.58 at june 1 , 2019 compared to 5.45 at june 2 , 2018 . the current ratio is calculated by dividing current assets by current liabilities . our need for working capital generally is highest in the last and first fiscal quarters ending in may/june and august/september , respectively , when egg prices are normally at seasonal lows . our long-term debt and capital leases at june 1 , 2019 , including current maturities , amounted to $ 2.3 million , compared to $ 6.1 million at june 2 , 2018 . on july 10 , 2018 , we entered into a $ 100.0 million senior secured revolving credit facility ( the `` revolving credit facility '' ) . no amounts were borrowed under the facility during fiscal 2019 or as of july 19 , 2019. at june 1 , 2019 , we had $ 4.2 million in outstanding standby letters of credit , of which $ 3.7 million were secured by our revolving credit facility with the remainder collateralized with cash . see note 8 in the notes to consolidated financial statements for information regarding our long-term debt instruments . net cash provided by operating activities was $ 115.1 million for fiscal year 2019 compared with $ 200.4 million for fiscal year 2018 . decreased gross profit margins resulting from lower egg prices contributed greatly to our decrease in cash flow from operations . for fiscal 2019 , approximately $ 209.8 million was provided from the sale and maturity of short-term investments , $ 177.0 million was used to purchase short-term investments and net payments of $ 7.9 million were received from investments in unconsolidated entities . we used $ 17.9 million to acquire featherland egg farms . we invested $ 4.3 million in unconsolidated entities . approximately $ 68.0 million was used to purchase property , plant and equipment .
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 Suspicious Activity Report : generic shell eggs ) in the southeastern region for the months of june through november 2015 was $ 2.32 per dozen , with a peak of $ 2.97 in august . subsequent to november 2015 , shell egg prices declined . the urner barry price index ( `` ub index `` ) hit a decade-low level in both our fiscal 2016 fourth quarter and our fiscal 2017 second quarter . in fiscal 2018 , non-specialty shell egg prices rebounded significantly due to strong demand before falling again in fiscal 2019 based on oversupply issues . these fluctuations illustrate the volatility of our industry . our net average selling price per dozen shell eggs for fiscal 2019 decreased to $ 1.265 compared to $ 1.397 for fiscal 2018 , including a decrease in non-specialty shell egg prices to $ 1.041 in fiscal 2019 compared to $ 1.226 in fiscal 2018 . we are one of the largest producers and marketers of value-added specialty shell eggs in the u.s. for accounting purposes , we classify nutritionally enhanced , cage-free , organic and brown eggs as specialty shell eggs . specialty shell eggs have been a significant and growing segment of the market in recent years . in recent years , a significant number of large restaurant chains , food service companies and grocery chains , including our largest customers , announced goals to transition to a cage-free egg supply chain by specified future dates . we are working with our customers to achieve smooth progress in meeting their goals . our focus for future expansion at our farms will be environments that are cage-free or with equipment that can easily be converted to cage-free , based on a timeline to meet our customer 's needs . for fiscal 2019 , we produced approximately 84 % of the total number of shell eggs sold by us , with approximately 9 % of such shell egg production provided by contract producers . contract producers utilize their facilities to produce shell eggs from layers owned by us . we own the shell eggs produced under these arrangements . for fiscal 2019 , approximately 16 % of the total number of shell eggs sold by us were purchased from outside producers for resale . our cost of production is materially affected by feed costs , which are highly volatile and subject to wide fluctuation . for fiscal 2019 , feed costs averaged about 57 % of our total farm egg production cost . changes in market prices for corn and soybean meal , the primary ingredients in the feed we use , result in changes in our cost of goods sold . for our last five fiscal years , average feed cost per dozen sold ranged from a low of $ 0.39 in fiscal 2018 to a high of $ 0.44 in fiscal 2015. the cost of our primary feed ingredients , which are commodities , are subject to factors over which we have little or no control such as volatile price changes caused by weather , size of harvest , transportation and storage costs , demand and the agricultural and energy policies of the u.s. and foreign governments . looking forward to 2020 , grain prices are trending higher as historic rainfall and flooding through the early growing season are adversely affecting this year 's corn and soybean crops . however , ongoing uncertainties and geopolitical issues surrounding trade agreements and international tariffs led to reduced exports and downward pressure on recent grain prices . as such , we expect our feed costs to be more volatile and potentially higher in fiscal 2020 . 23 results of operations the following table sets forth , for the fiscal years indicated , certain items from our consolidated statements of operations expressed as a percentage of net sales . replace_table_token_2_th executive overview of results – fiscal years ended june 1 , 2019 , june 2 , 2018 , and june 3 , 2017 our operating results are significantly affected by wholesale shell egg market prices and feed costs , which can fluctuate widely and are outside of our control . the majority of our shell eggs are sold at independently quoted wholesale market prices for shell eggs or formulas related to our costs of production which include the cost of corn and soybean meal . the following table shows our net income ( loss ) , gross profit , net average shell egg selling price , the average urner barry wholesale large shell egg prices in the southeast region , and feed cost per dozen produced for each of our three most recent fiscal years . replace_table_token_3_th 1- average thursday price for the large market ( i.e . generic shell eggs ) in the southeastern region the shell egg industry has historically been subject to periods of high profitability followed by periods of significant loss . the periods of high profitability have often reflected increased consumer demand relative to supply while the periods of significant loss have often reflected excess supply for the then prevailing consumer demand . historically , demand for shell eggs increases in line with overall population growth . as reflected above , our operating results fluctuate with changes in the spot egg market quote and feed costs . the net average shell egg selling price is the blended price for all sizes and grades of shell eggs , including non-graded shell egg sales , breaking stock and undergrades . in fiscal 2017 , our net average selling price and dozens sold decreased over the previous fiscal year primarily due to the oversupply of eggs resulting from the repopulation of the national flock of laying hens to levels exceeding the flock size prior to the avian influenza outbreak in 2015 , along with a reduced demand for egg products . story_separator_special_tag 29 items causing our effective rate to differ from the federal statutory income tax rate of 21 % are state income taxes , certain federal tax credits and certain items included in income or loss for financial reporting purposes that are not included in taxable income or loss for income tax purposes , including tax exempt interest income , certain nondeductible expenses , and net income or loss attributable to noncontrolling interest . net income attributable to noncontrolling interest net income attributable to noncontrolling interest for fiscal 2019 was $ 833,000 compared to $ 264,000 for fiscal 2018 . our noncontrolling interest relates to the company 's majority owned subsidiary , texas egg products , llc . net income ( loss ) attributable to cal-maine foods , inc. as a result of the above , net income for fiscal 2019 was $ 54.2 million , or $ 1.12 per basic and diluted share , compared to $ 125.9 million , or $ 2.60 per basic and diluted share for fiscal 2018 . fiscal year ended june 2 , 2018 compared to fiscal year ended june 3 , 2017 the discussion of our results of operations for the fiscal year ended june 2 , 2018 compared to the fiscal year ended june 3 , 2017 can be found in part ii , item 7 , `` management 's discussion and analysis of financial condition and results of operations `` in the company 's fiscal 2018 annual report on form 10-k. story_separator_special_tag style= `` line-height:120 % ; text-align : justify ; text-indent:72px ; font-size:11pt ; `` > investments in securities available-for-sale our investment securities are accounted for in accordance with asc 320 , “ investments-debt and equity securities ” ( “ asc 320 ” ) . the company considers all investment securities for which there is a determinable fair market value and no restrictions on the company 's ability to sell within the next 12 months as available-for-sale , and carries them at fair value , with unrealized gains and losses reported as a separate component of stockholders ' equity . realized gains and losses are included in other income . the cost basis for realized gains and losses on available-for-sale securities is determined on the specific identification method . allowance for doubtful accounts in the normal course of business , we extend credit to our customers on a short-term basis . although credit risk associated with our customers is considered minimal , we routinely review our accounts receivable balances and make provisions for probable doubtful accounts . in circumstances where management is aware of a specific customer 's inability to meet its financial obligations to us ( e.g . bankruptcy filings ) , a specific reserve is recorded to reduce the receivable to the amount expected to be collected . for all other customers , we recognize reserves for bad debt based on the length of time the receivables are past due , generally 100 % for amounts more than 60 days past due . inventories inventories of eggs , feed , supplies and flocks are valued principally at the lower of cost ( first-in , first-out method ) or net realizable value . if market prices for eggs and feed grains move substantially lower , we record adjustments to write-down the carrying values of eggs and feed inventories to fair market value . the cost associated with flock inventories , consisting principally of chick purchases , feed , labor , contractor payments and overhead costs , are accumulated during the growing period of approximately 22 weeks . capitalized flock costs are then amortized over the flock 's productive life , generally one to two years . flock mortality is charged to cost of sales as incurred . high mortality from disease or extreme temperatures will result in abnormal write-downs to flock inventories . management continually monitors each flock and attempts to take appropriate actions to minimize the risk of mortality loss . long-lived assets depreciable long-lived assets are primarily comprised of buildings , improvements , machinery and equipment . depreciation is provided by the straight-line method over the estimated useful lives , which are 15 to 25 years for buildings and improvements and 3 to 12 years for machinery and equipment . an increase or decrease in the estimated useful lives would result in changes to depreciation expense . when property and equipment are retired , sold , or otherwise disposed of , the asset 's carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in operations . we continually reevaluate the carrying value of our long-lived assets , for events or changes in circumstances which indicate the carrying value may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition . if the sum of the expected future cash flows ( undiscounted and without interest charges ) are less than the carrying amount of the asset , an impairment loss is recognized to reduce the carrying value of the asset to it 's estimated fair value . intangible assets included in other intangible assets are separable intangible assets acquired in business acquisitions , which include franchise fees , non-compete agreements and customer relationship intangibles . they are amortized over their estimated useful lives of 5 to 15 years . the gross cost and accumulated amortization of intangible assets are removed when the recorded amounts are fully amortized and the asset is no longer in use . 33 equity and cost method investments we have invested in other companies engaged in the production , processing and distribution of shell eggs and egg products . these investments are recorded using the cost or equity method , and are not consolidated in our financial statements . changes in the ownership percentages of these investments might alter the accounting methods currently used . our investment in these companies amounted to $ 63.3 million at june 1

