demand for large-volume , project ‑based orders has been at relatively low levels during fiscal 2013 , 2014 and 2015. the main driver of demand in this market is capital spending in the chemical processing sector driven by end ‑user demand for housing , automotive , energy and agricultural products . the chemical processing market is sensitive to fiscal policies as well as world economic conditions and gdp growth . potential for increased sales to the chemical processing industry in fiscal 2016 will be dependent on improvement in global spending in the chemical processing sector . an additional driver of demand in this market is the increase in north american production of natural gas liquids and the further downstream processing of those chemicals that may utilize equipment that requires high ‑performance alloys . sales to the land ‑based gas turbine market peaked in fiscal 2012 and have decreased over fiscal 2013 , 2014 and 2015. however , fiscal 2012 and 2013 were two of the company 's best years for land ‑based gas turbine sales volume . subject to global economic conditions , management believes that long ‑term demand in this market will increase due to 35 higher activity in power generation and alternative power systems . land ‑based gas turbines are favored in electric generating facilities due to low capital cost at installation , fewer emissions than the traditional fossil fuel ‑fired facilities and favorable natural gas prices provided by availability of unconventional ( shale ) gas supplies . as governmental policy shifts away from coal ‑fired facilities , demand for land ‑based gas turbines is expected to increase . sales into the other markets category increased in fiscal 2015 after decreasing in fiscal 2013 and 2014. sales to this market in fiscal 2015 included some high-value special application projects with high average selling price per pound . the industries in this category focus on upgrading overall product quality , improving product performance through increased efficiency , prolonging product life and lowering long ‑term costs . companies in these industries are looking to achieve these goals through the use of “ advanced materials ” which supports the increased use of high ‑performance alloys in an expanding number of applications . in addition to supporting and expanding the traditional businesses of oil and gas , flue ‑gas desulfurization in china , automotive and heat treating , the company expects increased levels of activity overall in non ‑traditional markets such as fuel cells and alternative energy applications . acquisition on january 7 , 2015 , the company acquired the assets and operations of leveltek processing , llc located in laporte , indiana for $ 14.6 million in cash . the acquisition of the laporte assets provides the company control of a significant portion of the sheet stretching , leveling , slitting and cut-to-length operations that were previously an outsourced function . acquisition costs incurred were not significant . the acquired business is being operated by laporte custom metals processing , llc ( lcmp ) , a wholly-owned subsidiary of the company . t he goodwill recognized in connection with the leveltek-laporte assets consists of the value associated with the addition of the stretching and leveling capabilities as well as increased capacity in slitting and cut-to-length operations to meet customer demand . the complementary capabilities are expected to lead to operating cost synergies as well as expand the company 's commercial offerings . summary of capital spending the company 's strategic capital investment projects that were announced in fiscal 2012 have been completed and resulted in expansions of flat product capacity in kokomo , indiana and tubular production capacity in arcadia , louisiana . these investments have already begun contributing to profitability , and management expects continued benefits as utilization ramps up on this new capacity , particularly in aerospace tubing . the company had a record level of production for sheet and coil products in fiscal 2015. while the project spend was substantially incurred in prior years , approximately $ 3.3 million of this project spend occurred in fiscal 2015. the company is also implementing a global information technology system . this upgrade is expected to provide the company with an integrated global system , enhanced analytical capability and improved capabilities in capacity planning , inventory management and customer service . to date , the company has spent $ 12.8 million on the project and expects to spend approximately $ 1.7 million in fiscal 2016 for a total of approximately $ 14.5 million . the system is currently in use at the u.s. and european service centers and has been implemented in the u.s. for general ledger , accounts payable and receivable , purchasing and sales . the systems upgrade for the main manufacturing operating system is expected to be implemented during the first and second quarters of fiscal 2016. while the acquisition of the laporte operations of leveltek has expanded the company 's service center capabilities to include stretching , slitting and cut-to-length operations , the overall evaluation of the company 's global service center and distribution continues . the evaluation has included an analysis of the equipment required , the number and geographic locations of these service centers , the services provided and the cost structure , with the objective of enhancing the distribution organization and service center capabilities . capital spending and acquisitions in fiscal 2015 was $ 33.1 million , and the forecast for capital spending in fiscal 2016 is approximately $ 35.0 million . the $ 35.0 million of planned capital spending includes $ 16.6 million to increase sheet manufacturing capacity in the kokomo operations which is expected to help the company to keep pace with the anticipated growth in the aerospace market . during fiscal 2015 , the company was capacity constrained on sheet production and hit record sheet/coil production levels . the company expects increasing demand for thin gauge flat products primarily associated with the aerospace market . story_separator_special_tag sales to the chemical processing market were $ 113.4 million in fiscal 2014 , a decrease of 8.6 % from $ 124.1 million in fiscal 2013 , due to a 9.1 % , or $ 2.16 , decrease in the average selling price per pound , partially offset by a 0.5 % increase in volume . the decrease in the average selling price reflects continued price competition ( which is most significant in this market ) , which represented a decrease of approximately $ 2.43 per pound , partially offset by higher raw material market prices , which represented an increase of approximately $ 0.21 per pound , along with a higher value product mix , which increased average selling price by approximately $ 0.07 per pound . sales to the land-based gas turbine market were $ 86.7 million in fiscal 2014 , a decrease of 15.0 % from $ 102.1 million in fiscal 2013 , due to a 3.9 % decrease in volume combined with a decrease of 11.5 % , or $ 1.92 , in the average selling price per pound . the decrease in volume is due primarily to reduced customer demand and customers ' maintaining reduced inventory levels within the supply chain . the decrease in average selling price per pound reflects continued price competition , which represented a decrease of approximately $ 1.56 per pound , slightly offset by higher raw material market prices , which represented an increase of approximately $ 0.18 per pound . additionally , the change in average selling price was impacted by a change in product mix , representing a decrease of approximately $ 0.54 per pound , resulting from the decrease in sales of higher-value forms and alloys as a percentage of pounds sold in this market . sales to other markets were $ 44.4 million in fiscal 2014 , a decrease of 9.2 % from $ 48.9 million in fiscal 2013 , due to a 14.9 % , or $ 4.58 , decrease in average selling price per pound partially offset by a 6.7 % increase in volume . the decrease in the average selling price reflects a change in product mix resulting from the decrease of sales of higher-value forms and alloys , which represented a decrease of approximately $ 3.63 per pound , and continued price competition , which represented a decrease of approximately $ 1.16 per pound , partially offset by higher raw material market prices , which represented an increase of approximately $ 0.21 per pound . other revenue . other revenue was $ 15.7 million in fiscal 2014 , an increase of 48.3 % from $ 10.6 million in fiscal 2013. the increase in other revenue is primarily attributable to increased conversion and miscellaneous sales . cost of sales . cost of sales was $ 408.1 million , or 89.6 % of net revenues , in fiscal 2014 compared to $ 409.1 million , or 84.7 % of net revenues , in fiscal 2013. cost of sales in fiscal 2014 decreased by $ 1.0 million as compared to fiscal 2013 primarily due to a lower-value product mix . g ross profit . as a result of the above factors , gross margin was $ 47.3 million for fiscal 2014 , a decrease of $ 26.3 million from $ 73.6 million in fiscal 2013. gross margin as a percentage of net revenue decreased to 10.4 % in fiscal 2014 as compared to 15.3 % in fiscal 2013. the main items impacting the gross margin percentage compression was pricing competition and the impact of high cost raw material flowing through cost of sales , which is estimated to have negatively impacted gross profit margin percentage by over 7.0 percentage points . partially offsetting this compression was a nearly 2.0 percentage point expansion as a result of other factors , primarily better volumes and price increases in the latter half of the year . selling , general and administrative expense . selling , general and administrative expense was $ 38.7 million for fiscal 2014 , an increase of $ 0.5 million , or 1.4 % , from $ 38.2 million in fiscal 2013. selling , general and administrative expenses as a percentage of net revenues increased to 8.5 % for fiscal 2014 , compared to 7.9 % for fiscal 2013 primarily due to decreased revenues . 44 research and technical expense . research and technical expense was $ 3.6 million , or 0.8 % of revenue , for fiscal 2014 , an increase of $ 0.1 million , or 1.5 % , from $ 3.5 million , or 0.7 % of net revenues , in fiscal 2013. operating income . as a result of the above factors , operating income in fiscal 2014 was $ 5.0 million , compared to operating income of $ 32.0 million in fiscal 2013. income taxes . income tax expense was $ 1.4 million in fiscal 2014 , a decrease of $ 9.1 million from an expense of $ 10.4 million in fiscal 2013 , due primarily to lower pretax income generated in fiscal 2014. the effective tax rate for fiscal 2014 was 26.7 % , compared to 32.6 % in fiscal 2013. during fiscal 2014 , the company 's effective tax rate was lower than fiscal 2013 , primarily due to an increased proportion of taxable earnings in foreign jurisdictions with a lower tax rate . net income . as a result of the above factors , net income in fiscal 2014 was $ 3.8 million , a decrease of $ 17.8 million from net income of $ 21.6 million in fiscal 2013. story_separator_special_tag company is subject to certain covenants as to fixed charge coverage ratios and other customary covenants , including covenants restricting the incurrence of indebtedness , the granting of liens and the sale of assets . the covenant pertaining to fixed charge coverage ratios is only effective in the event the amount of excess availability under the

liquidity and capital resources comparative cash flow analysis during fiscal 2015 , the company 's primary sources of cash were cash on ‑hand and cash from operations , as detailed below . at september 30 , 2015 , the company had cash and cash equivalents of $ 49.0 million compared to cash and cash equivalents of $ 45.9 million at september 30 , 2014. as of september 30 , 2015 , the company had cash and cash equivalents of $ 8.8 million that was held by foreign subsidiaries in various currencies . substantially all of this amount is permanently reinvested in the foreign subsidiaries . net cash provided by operating activities was $ 48.4 million in fiscal 2015 compared to $ 26.9 million in fiscal 2014. net income of $ 30.5 million in fiscal 2015 was $ 26.7 million higher than the $ 3.8 million reported in fiscal 2014. additional factors in the comparison of net cash prov ide d by operating activities for fiscal 2014 and 2015 include s cash generated from lower inventories was $ 4.1 million compared to fiscal 2014 cash used of $ 22.3 million , a change of $ 26.3 million . additionally , cash used from higher accounts receivable was $ 5.0 million as compared to fiscal 2014 cash generated from lower accounts receivable of $ 9.9 million , a change of $ 14.9 million and cash used from lower accounts payable was $ 8.7 million as compared to fiscal 2014 cash generated from higher accounts payable of $ 15.7 million , a change of $ 24.4 million . net cash used in investing activities in fiscal 2015 of $ 33.1 million was lower than cash used in investing activities in fiscal 2014 of $ 39.7 million by $ 6.5 million as a result of lower additions to property , plant and equipment of $ 21.2 million offset by the acquisition of the leveltek – laporte assets of $ 14.6 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources comparative cash flow analysis during fiscal 2015 , the company 's primary sources of cash were cash on ‑hand and cash from operations , as detailed below . at september 30 , 2015 , the company had cash and cash equivalents of $ 49.0 million compared to cash and cash equivalents of $ 45.9 million at september 30 , 2014. as of september 30 , 2015 , the company had cash and cash equivalents of $ 8.8 million that was held by foreign subsidiaries in various currencies . substantially all of this amount is permanently reinvested in the foreign subsidiaries . net cash provided by operating activities was $ 48.4 million in fiscal 2015 compared to $ 26.9 million in fiscal 2014. net income of $ 30.5 million in fiscal 2015 was $ 26.7 million higher than the $ 3.8 million reported in fiscal 2014. additional factors in the comparison of net cash prov ide d by operating activities for fiscal 2014 and 2015 include s cash generated from lower inventories was $ 4.1 million compared to fiscal 2014 cash used of $ 22.3 million , a change of $ 26.3 million . additionally , cash used from higher accounts receivable was $ 5.0 million as compared to fiscal 2014 cash generated from lower accounts receivable of $ 9.9 million , a change of $ 14.9 million and cash used from lower accounts payable was $ 8.7 million as compared to fiscal 2014 cash generated from higher accounts payable of $ 15.7 million , a change of $ 24.4 million . net cash used in investing activities in fiscal 2015 of $ 33.1 million was lower than cash used in investing activities in fiscal 2014 of $ 39.7 million by $ 6.5 million as a result of lower additions to property , plant and equipment of $ 21.2 million offset by the acquisition of the leveltek – laporte assets of $ 14.6 million .
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 Suspicious Activity Report : demand for large-volume , project ‑based orders has been at relatively low levels during fiscal 2013 , 2014 and 2015. the main driver of demand in this market is capital spending in the chemical processing sector driven by end ‑user demand for housing , automotive , energy and agricultural products . the chemical processing market is sensitive to fiscal policies as well as world economic conditions and gdp growth . potential for increased sales to the chemical processing industry in fiscal 2016 will be dependent on improvement in global spending in the chemical processing sector . an additional driver of demand in this market is the increase in north american production of natural gas liquids and the further downstream processing of those chemicals that may utilize equipment that requires high ‑performance alloys . sales to the land ‑based gas turbine market peaked in fiscal 2012 and have decreased over fiscal 2013 , 2014 and 2015. however , fiscal 2012 and 2013 were two of the company 's best years for land ‑based gas turbine sales volume . subject to global economic conditions , management believes that long ‑term demand in this market will increase due to 35 higher activity in power generation and alternative power systems . land ‑based gas turbines are favored in electric generating facilities due to low capital cost at installation , fewer emissions than the traditional fossil fuel ‑fired facilities and favorable natural gas prices provided by availability of unconventional ( shale ) gas supplies . as governmental policy shifts away from coal ‑fired facilities , demand for land ‑based gas turbines is expected to increase . sales into the other markets category increased in fiscal 2015 after decreasing in fiscal 2013 and 2014. sales to this market in fiscal 2015 included some high-value special application projects with high average selling price per pound . the industries in this category focus on upgrading overall product quality , improving product performance through increased efficiency , prolonging product life and lowering long ‑term costs . companies in these industries are looking to achieve these goals through the use of “ advanced materials ” which supports the increased use of high ‑performance alloys in an expanding number of applications . in addition to supporting and expanding the traditional businesses of oil and gas , flue ‑gas desulfurization in china , automotive and heat treating , the company expects increased levels of activity overall in non ‑traditional markets such as fuel cells and alternative energy applications . acquisition on january 7 , 2015 , the company acquired the assets and operations of leveltek processing , llc located in laporte , indiana for $ 14.6 million in cash . the acquisition of the laporte assets provides the company control of a significant portion of the sheet stretching , leveling , slitting and cut-to-length operations that were previously an outsourced function . acquisition costs incurred were not significant . the acquired business is being operated by laporte custom metals processing , llc ( lcmp ) , a wholly-owned subsidiary of the company . t he goodwill recognized in connection with the leveltek-laporte assets consists of the value associated with the addition of the stretching and leveling capabilities as well as increased capacity in slitting and cut-to-length operations to meet customer demand . the complementary capabilities are expected to lead to operating cost synergies as well as expand the company 's commercial offerings . summary of capital spending the company 's strategic capital investment projects that were announced in fiscal 2012 have been completed and resulted in expansions of flat product capacity in kokomo , indiana and tubular production capacity in arcadia , louisiana . these investments have already begun contributing to profitability , and management expects continued benefits as utilization ramps up on this new capacity , particularly in aerospace tubing . the company had a record level of production for sheet and coil products in fiscal 2015. while the project spend was substantially incurred in prior years , approximately $ 3.3 million of this project spend occurred in fiscal 2015. the company is also implementing a global information technology system . this upgrade is expected to provide the company with an integrated global system , enhanced analytical capability and improved capabilities in capacity planning , inventory management and customer service . to date , the company has spent $ 12.8 million on the project and expects to spend approximately $ 1.7 million in fiscal 2016 for a total of approximately $ 14.5 million . the system is currently in use at the u.s. and european service centers and has been implemented in the u.s. for general ledger , accounts payable and receivable , purchasing and sales . the systems upgrade for the main manufacturing operating system is expected to be implemented during the first and second quarters of fiscal 2016. while the acquisition of the laporte operations of leveltek has expanded the company 's service center capabilities to include stretching , slitting and cut-to-length operations , the overall evaluation of the company 's global service center and distribution continues . the evaluation has included an analysis of the equipment required , the number and geographic locations of these service centers , the services provided and the cost structure , with the objective of enhancing the distribution organization and service center capabilities . capital spending and acquisitions in fiscal 2015 was $ 33.1 million , and the forecast for capital spending in fiscal 2016 is approximately $ 35.0 million . the $ 35.0 million of planned capital spending includes $ 16.6 million to increase sheet manufacturing capacity in the kokomo operations which is expected to help the company to keep pace with the anticipated growth in the aerospace market . during fiscal 2015 , the company was capacity constrained on sheet production and hit record sheet/coil production levels . the company expects increasing demand for thin gauge flat products primarily associated with the aerospace market . story_separator_special_tag sales to the chemical processing market were $ 113.4 million in fiscal 2014 , a decrease of 8.6 % from $ 124.1 million in fiscal 2013 , due to a 9.1 % , or $ 2.16 , decrease in the average selling price per pound , partially offset by a 0.5 % increase in volume . the decrease in the average selling price reflects continued price competition ( which is most significant in this market ) , which represented a decrease of approximately $ 2.43 per pound , partially offset by higher raw material market prices , which represented an increase of approximately $ 0.21 per pound , along with a higher value product mix , which increased average selling price by approximately $ 0.07 per pound . sales to the land-based gas turbine market were $ 86.7 million in fiscal 2014 , a decrease of 15.0 % from $ 102.1 million in fiscal 2013 , due to a 3.9 % decrease in volume combined with a decrease of 11.5 % , or $ 1.92 , in the average selling price per pound . the decrease in volume is due primarily to reduced customer demand and customers ' maintaining reduced inventory levels within the supply chain . the decrease in average selling price per pound reflects continued price competition , which represented a decrease of approximately $ 1.56 per pound , slightly offset by higher raw material market prices , which represented an increase of approximately $ 0.18 per pound . additionally , the change in average selling price was impacted by a change in product mix , representing a decrease of approximately $ 0.54 per pound , resulting from the decrease in sales of higher-value forms and alloys as a percentage of pounds sold in this market . sales to other markets were $ 44.4 million in fiscal 2014 , a decrease of 9.2 % from $ 48.9 million in fiscal 2013 , due to a 14.9 % , or $ 4.58 , decrease in average selling price per pound partially offset by a 6.7 % increase in volume . the decrease in the average selling price reflects a change in product mix resulting from the decrease of sales of higher-value forms and alloys , which represented a decrease of approximately $ 3.63 per pound , and continued price competition , which represented a decrease of approximately $ 1.16 per pound , partially offset by higher raw material market prices , which represented an increase of approximately $ 0.21 per pound . other revenue . other revenue was $ 15.7 million in fiscal 2014 , an increase of 48.3 % from $ 10.6 million in fiscal 2013. the increase in other revenue is primarily attributable to increased conversion and miscellaneous sales . cost of sales . cost of sales was $ 408.1 million , or 89.6 % of net revenues , in fiscal 2014 compared to $ 409.1 million , or 84.7 % of net revenues , in fiscal 2013. cost of sales in fiscal 2014 decreased by $ 1.0 million as compared to fiscal 2013 primarily due to a lower-value product mix . g ross profit . as a result of the above factors , gross margin was $ 47.3 million for fiscal 2014 , a decrease of $ 26.3 million from $ 73.6 million in fiscal 2013. gross margin as a percentage of net revenue decreased to 10.4 % in fiscal 2014 as compared to 15.3 % in fiscal 2013. the main items impacting the gross margin percentage compression was pricing competition and the impact of high cost raw material flowing through cost of sales , which is estimated to have negatively impacted gross profit margin percentage by over 7.0 percentage points . partially offsetting this compression was a nearly 2.0 percentage point expansion as a result of other factors , primarily better volumes and price increases in the latter half of the year . selling , general and administrative expense . selling , general and administrative expense was $ 38.7 million for fiscal 2014 , an increase of $ 0.5 million , or 1.4 % , from $ 38.2 million in fiscal 2013. selling , general and administrative expenses as a percentage of net revenues increased to 8.5 % for fiscal 2014 , compared to 7.9 % for fiscal 2013 primarily due to decreased revenues . 44 research and technical expense . research and technical expense was $ 3.6 million , or 0.8 % of revenue , for fiscal 2014 , an increase of $ 0.1 million , or 1.5 % , from $ 3.5 million , or 0.7 % of net revenues , in fiscal 2013. operating income . as a result of the above factors , operating income in fiscal 2014 was $ 5.0 million , compared to operating income of $ 32.0 million in fiscal 2013. income taxes . income tax expense was $ 1.4 million in fiscal 2014 , a decrease of $ 9.1 million from an expense of $ 10.4 million in fiscal 2013 , due primarily to lower pretax income generated in fiscal 2014. the effective tax rate for fiscal 2014 was 26.7 % , compared to 32.6 % in fiscal 2013. during fiscal 2014 , the company 's effective tax rate was lower than fiscal 2013 , primarily due to an increased proportion of taxable earnings in foreign jurisdictions with a lower tax rate . net income . as a result of the above factors , net income in fiscal 2014 was $ 3.8 million , a decrease of $ 17.8 million from net income of $ 21.6 million in fiscal 2013. story_separator_special_tag company is subject to certain covenants as to fixed charge coverage ratios and other customary covenants , including covenants restricting the incurrence of indebtedness , the granting of liens and the sale of assets . the covenant pertaining to fixed charge coverage ratios is only effective in the event the amount of excess availability under the

