the company does not intend to comment on or disclose developments regarding the process unless it deems further disclosure appropriate or required . please see `` risk factors `` in item 1a . accounting periods our fiscal year ends on the last wednesday in august . accordingly , each fiscal year normally consists of 13 four-week periods , or accounting periods , accounting for 364 days in the aggregate . however , every fifth or sixth year , we have a fiscal year that consists of 53 weeks , accounting for 371 days in the aggregate . our first quarter consists of four four-week periods , while our last three quarters normally consist of three four-week periods . comparability between quarters may be affected by the varying lengths of the quarters , as well as the seasonality associated with the restaurant business . same-store sales as a result of the covid-19 pandemic , we do not believe that a comparison of year-to-year restaurant sales is meaningful , and therefore , same-store sales are not presented in this annual report on form 10-k. 17 results of operations fiscal 2020 ( 52 weeks ) compared to fiscal 2019 ( 52 weeks ) sales replace_table_token_3_th total company sales decreased approximately $ 109.4 million , or 33.8 % , in fiscal 2020 compared to fiscal 2019 , consisting primarily of an approximate $ 101.0 million decrease in restaurant sales and an approximate $ 0.2 million decrease in vending revenue . culinary contract services sales decreased by an approximate $ 5.1 million . franchise revenue decreased $ 3.1 million . in fiscal 2019 and fiscal 2020 , we operated with five reportable operating segments : luby 's cafeterias , fuddruckers restaurants , cheeseburger in paradise , fuddruckers franchise operations , and culinary contract services . company-owned restaurants restaurant sales replace_table_token_4_th total restaurant sales decreased approximately $ 101.0 million in fiscal 2020 compared to fiscal 2019. the decrease in restaurant sales included an approximate $ 57.6 million decrease in sales at stand-alone luby 's cafeterias , an approximate $ 35.1 million decrease in sales at stand-alone fuddruckers restaurants , an approximate $ 6.8 million decrease in sales from combo locations , and an approximate $ 1.6 million decrease at sales from our cheeseburger in paradise restaurants . the approximate $ 57.6 million decrease in sales at stand-alone luby 's includes the reduction of 23 operating restaurants accounting for $ 19.5 million lower sales . sales at stores that did not close on a permanent basis decreased $ 38.1 million . the number of store days where restaurants were open declined 15.0 % as stores were temporarily closed due to the pandemic . as of the last week of fiscal 2020 , sales at operating stores decreased 18 % compared to the same week of fiscal 2019. the approximate $ 35.1 million decrease in sales at stand-alone fuddruckers restaurants reflects primarily the reduction of 36 operating restaurants accounting for a decrease of $ 25.5 million . the stores that did not close on a permanent basis accounted for a decrease of $ 9.6 million due to fewer operating days due to the pandemic . store days at these locations declined 22.7 % due to temporary closures from the pandemic . as of the last week of the fiscal 2020 , sales at operating stores decreased 37 % compared to the same week of fiscal 2019. the approximate $ 6.8 million decrease in sales from combo locations reflects a decline of $ 0.8 million due to the permanent closure of one location . the remaining decline was due to a reduction in operating store days for the remaining locations of 29.3 % . the approximate $ 1.6 million decrease in sales from our cheeseburger in paradise reflects the reduction of two operating restaurants as we have closed all remaining units as of august 26 , 2020 . 18 cost of food replace_table_token_5_th cost of food , which is comprised of the cost associated with the sale of food and beverage products that are consumed while dining in our restaurants , as take-out , and as catering . cost of food decreased approximately $ 27.0 million , or 33.9 % , in fiscal 2020 compared to fiscal 2019. cost of food is variable and generally fluctuates with sales and guest traffic volume . as a percentage of restaurant sales , food costs increased 0.7 % to 28.6 % in fiscal 2020 compared to 27.9 % in fiscal 2019. the cost of food as percentage of sales was impacted in part by the write off of food inventories for stores closed due to the pandemic . for stores that are not permanently closed , as a result of the pandemic , we have tried to simplify the menu and reduce waste to reduce food cost as a percentage of sales . the cost of food as a percentage of restaurant sales in the luby 's cafeteria segment increased 0.3 % to 28.7 % in fiscal 2020 compared to fiscal 2019 due in part to the reasons and initiatives stated above . the cost of food as a percentage of restaurant sales for the fuddruckers restaurants segment increased 1.6 % in fiscal 2020 compared to fiscal 2019. the cost of food as a percentage of restaurant sales for the cheeseburger in paradise segment increased 0.8 % in fiscal 2020 compared to fiscal 2019. payroll and related costs replace_table_token_6_th payroll and related costs includes restaurant-level hourly wages , including overtime pay , and pay while training , as well as management salaries and incentive payments . payroll and related costs also include the payroll taxes , workers ' compensation expense , group health insurance costs , and 401 ( k ) matching expense for all restaurant-level hourly and management employees . story_separator_special_tag interest paid in cash was $ 5.3 million in fiscal 2020 and $ 4.5 million in fiscal 2019. other income ( expense ) , net other income , net , consisted primarily of the following components : net rental property income and expenses relating to property for which we are the landlord ; prepaid sales tax discounts earned through our participation in state tax prepayment programs ; oil and gas royalty income ; and changes in the fair value of our interest rate swap agreement prior to its termination in december 2018. other income was approximately $ 1.2 million in fiscal 2020 compared to approximately $ 0.2 million in fiscal 2019. the approximate $ 1.2 million of income in fiscal 2020 is primarily net rental income , partially offset by sales tax discount expense and a reduction in the fair value of our interest rate swap in the first quarter fiscal 2019. the approximate $ 0.2 million of income in fiscal 2019 primarily reflects net rental income and an increase in the fair value of our interest rate swap , partially offset by gift card expenses ( specifically the expense of discounting gift card sales ) . taxes the income tax provision related to continuing operations for fiscal 2020 was approximately $ 0.4 million compared to an income tax provision of approximately $ 0.5 million for fiscal 2019. the income tax provision in fiscal 2020 reflects $ 0.3 million of current state income tax and $ 0.1 million of international withholding taxes . the income tax provision in fiscal 2019 reflects $ 0.4 million of current state income tax and $ 0.1 million of international withholding taxes . the effective tax rate ( `` etr `` ) for continuing operations was a negative 1.2 % for fiscal 2020 and a negative 3.2 % for fiscal 2019. the etr for fiscal 2020 differs from the federal statutory rate of 21 % due to the change in the deferred tax valuation allowance , state income taxes and other discrete items . the etr for fiscal 2019 differs from the federal statutory rate due to the change in the deferred tax valuation allowance , the federal jobs credits , state income taxes and other discrete items . discontinued operations replace_table_token_14_th the loss from discontinued operations , net of income taxes was $ 29 thousand in fiscal 2020 compared to a loss of approximately $ 7 thousand in fiscal 2019. the loss of $ 29 thousand in fiscal 2020 primarily reflected net occupancy cost associated with assets that were related to discontinued operations . the loss of $ 7 thousand in fiscal 2019 included carrying costs ( typically rent , property taxes , utilities , and maintenance ) associated with assets that were related to discontinued operations . liquidity and capital resources story_separator_special_tag million . the decreases reflect the lower activity levels in all our reportable segments at the end of fiscal 2020 as compared to fiscal 2019. the increase in operating lease liabilities current includes $ 8.1 million related to the cumulative effect of adopting the new lease accounting standard as more fully described at note 1 to the consolidated financial statements included in item 8. of this form 10-k. capital expenditures capital expenditures for fiscal 2020 were approximately $ 2.1 million primarily related to recurring maintenance of our restaurant properties and information technology infrastructure . in fiscal 2021 , we expect to invest up to $ 3.0 million for recurring maintenance for our restaurant properties , depending on the timing of the execution of our plan of liquidation . we expect to be able to fund all planned capital expenditures in fiscal 2021 using cash on hand , cash flows from operations and proceeds from the sale of assets . debt ppp loan on april 21 , 2020 , the company entered into a promissory note with texas capital bank , n.a ( `` tcb `` ) , effective april 12 , 2020 , that provides for a loan in the amount of $ 10.0 million ( the “ ppp loan ” ) pursuant to the payroll protection program ( “ ppp ” ) , established under the cares act . the ppp loan is subject to forgiveness under the ppp upon the company 's request to the extent that the proceeds are used to pay expenses permitted by the ppp , including payroll costs , covered rent and mortgage obligations , and covered utility payments . amounts outstanding under the loan bear a fixed interest rate of 1.0 % per annum with a maturity date of april 12 , 2022 , two years from the commencement date . on june 5 , 2020 , the paycheck protection program flexibility act ( the “ new act ” ) was signed into law and made significant changes to the ppp to provide additional relief for borrowers under the ppp . the new act increased flexibility for businesses that were unable to operate as normal due to covid-19 related restrictions . the new act extended the period that businesses have to use ppp funds to qualify for loan forgiveness to 24 weeks , up from 8 weeks under the original rules , relaxed the requirements that loan recipients must adhere to in order to qualify for loan forgiveness , and extended the payment deferral period to the earlier of the date when the amount of loan forgiveness is determined by the sba and lender or 10 months after the 24 week covered period ends . initially , all payments were to be deferred for six months . under the new act , payments are deferred until the sba remits any loan forgiveness amount to the lender , tcb in the case of the company . interest accrues over the entire period of the ppp loan for the portion of the ppp that is not ultimately forgiven . on november 12 , 2020 , the company submitted an application for forgiveness of the entire amount

cash and cash equivalents in fiscal 2020 and 2019 our primary sources of short-term and long-term liquidity were proceeds from asset sales , our 2018 and 2016 credit facilities and , in fiscal 2020 , our ppp loan . cash and cash equivalents and restricted cash increased approximately $ 9.1 million from $ 12.8 million at the end of fiscal 2019 to $ 21.8 million at the end of fiscal 2020. we expect to continue to invest our available liquidity to reduce our debt , maintain our existing restaurants and infrastructure and provide working capital requirements as necessary . we plan to continue a level of capital and repair and maintenance expenditures to keep our restaurants attractive and operating efficiently . based upon our level of past and projected capital requirements , we expect that proceeds from the sale of assets , cash on hand and cash flows from operations , will be sufficient to meet our capital expenditures and working capital requirements during the next twelve months . 25 as is common in the restaurant industry , we maintain relatively low levels of accounts receivable and inventories and our vendors grant trade credit for purchases such as food and supplies . however , higher levels of accounts receivable are typical in our ccs business segment and fuddruckers franchise business segment . the following table summarizes our cash flows from operating , investing and financing activities : replace_table_token_15_th operating activities .


 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.
     ```cash and cash equivalents in fiscal 2020 and 2019 our primary sources of short-term and long-term liquidity were proceeds from asset sales , our 2018 and 2016 credit facilities and , in fiscal 2020 , our ppp loan . cash and cash equivalents and restricted cash increased approximately $ 9.1 million from $ 12.8 million at the end of fiscal 2019 to $ 21.8 million at the end of fiscal 2020. we expect to continue to invest our available liquidity to reduce our debt , maintain our existing restaurants and infrastructure and provide working capital requirements as necessary . we plan to continue a level of capital and repair and maintenance expenditures to keep our restaurants attractive and operating efficiently . based upon our level of past and projected capital requirements , we expect that proceeds from the sale of assets , cash on hand and cash flows from operations , will be sufficient to meet our capital expenditures and working capital requirements during the next twelve months . 25 as is common in the restaurant industry , we maintain relatively low levels of accounts receivable and inventories and our vendors grant trade credit for purchases such as food and supplies . however , higher levels of accounts receivable are typical in our ccs business segment and fuddruckers franchise business segment . the following table summarizes our cash flows from operating , investing and financing activities : replace_table_token_15_th operating activities .
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 Suspicious Activity Report : the company does not intend to comment on or disclose developments regarding the process unless it deems further disclosure appropriate or required . please see `` risk factors `` in item 1a . accounting periods our fiscal year ends on the last wednesday in august . accordingly , each fiscal year normally consists of 13 four-week periods , or accounting periods , accounting for 364 days in the aggregate . however , every fifth or sixth year , we have a fiscal year that consists of 53 weeks , accounting for 371 days in the aggregate . our first quarter consists of four four-week periods , while our last three quarters normally consist of three four-week periods . comparability between quarters may be affected by the varying lengths of the quarters , as well as the seasonality associated with the restaurant business . same-store sales as a result of the covid-19 pandemic , we do not believe that a comparison of year-to-year restaurant sales is meaningful , and therefore , same-store sales are not presented in this annual report on form 10-k. 17 results of operations fiscal 2020 ( 52 weeks ) compared to fiscal 2019 ( 52 weeks ) sales replace_table_token_3_th total company sales decreased approximately $ 109.4 million , or 33.8 % , in fiscal 2020 compared to fiscal 2019 , consisting primarily of an approximate $ 101.0 million decrease in restaurant sales and an approximate $ 0.2 million decrease in vending revenue . culinary contract services sales decreased by an approximate $ 5.1 million . franchise revenue decreased $ 3.1 million . in fiscal 2019 and fiscal 2020 , we operated with five reportable operating segments : luby 's cafeterias , fuddruckers restaurants , cheeseburger in paradise , fuddruckers franchise operations , and culinary contract services . company-owned restaurants restaurant sales replace_table_token_4_th total restaurant sales decreased approximately $ 101.0 million in fiscal 2020 compared to fiscal 2019. the decrease in restaurant sales included an approximate $ 57.6 million decrease in sales at stand-alone luby 's cafeterias , an approximate $ 35.1 million decrease in sales at stand-alone fuddruckers restaurants , an approximate $ 6.8 million decrease in sales from combo locations , and an approximate $ 1.6 million decrease at sales from our cheeseburger in paradise restaurants . the approximate $ 57.6 million decrease in sales at stand-alone luby 's includes the reduction of 23 operating restaurants accounting for $ 19.5 million lower sales . sales at stores that did not close on a permanent basis decreased $ 38.1 million . the number of store days where restaurants were open declined 15.0 % as stores were temporarily closed due to the pandemic . as of the last week of fiscal 2020 , sales at operating stores decreased 18 % compared to the same week of fiscal 2019. the approximate $ 35.1 million decrease in sales at stand-alone fuddruckers restaurants reflects primarily the reduction of 36 operating restaurants accounting for a decrease of $ 25.5 million . the stores that did not close on a permanent basis accounted for a decrease of $ 9.6 million due to fewer operating days due to the pandemic . store days at these locations declined 22.7 % due to temporary closures from the pandemic . as of the last week of the fiscal 2020 , sales at operating stores decreased 37 % compared to the same week of fiscal 2019. the approximate $ 6.8 million decrease in sales from combo locations reflects a decline of $ 0.8 million due to the permanent closure of one location . the remaining decline was due to a reduction in operating store days for the remaining locations of 29.3 % . the approximate $ 1.6 million decrease in sales from our cheeseburger in paradise reflects the reduction of two operating restaurants as we have closed all remaining units as of august 26 , 2020 . 18 cost of food replace_table_token_5_th cost of food , which is comprised of the cost associated with the sale of food and beverage products that are consumed while dining in our restaurants , as take-out , and as catering . cost of food decreased approximately $ 27.0 million , or 33.9 % , in fiscal 2020 compared to fiscal 2019. cost of food is variable and generally fluctuates with sales and guest traffic volume . as a percentage of restaurant sales , food costs increased 0.7 % to 28.6 % in fiscal 2020 compared to 27.9 % in fiscal 2019. the cost of food as percentage of sales was impacted in part by the write off of food inventories for stores closed due to the pandemic . for stores that are not permanently closed , as a result of the pandemic , we have tried to simplify the menu and reduce waste to reduce food cost as a percentage of sales . the cost of food as a percentage of restaurant sales in the luby 's cafeteria segment increased 0.3 % to 28.7 % in fiscal 2020 compared to fiscal 2019 due in part to the reasons and initiatives stated above . the cost of food as a percentage of restaurant sales for the fuddruckers restaurants segment increased 1.6 % in fiscal 2020 compared to fiscal 2019. the cost of food as a percentage of restaurant sales for the cheeseburger in paradise segment increased 0.8 % in fiscal 2020 compared to fiscal 2019. payroll and related costs replace_table_token_6_th payroll and related costs includes restaurant-level hourly wages , including overtime pay , and pay while training , as well as management salaries and incentive payments . payroll and related costs also include the payroll taxes , workers ' compensation expense , group health insurance costs , and 401 ( k ) matching expense for all restaurant-level hourly and management employees . story_separator_special_tag interest paid in cash was $ 5.3 million in fiscal 2020 and $ 4.5 million in fiscal 2019. other income ( expense ) , net other income , net , consisted primarily of the following components : net rental property income and expenses relating to property for which we are the landlord ; prepaid sales tax discounts earned through our participation in state tax prepayment programs ; oil and gas royalty income ; and changes in the fair value of our interest rate swap agreement prior to its termination in december 2018. other income was approximately $ 1.2 million in fiscal 2020 compared to approximately $ 0.2 million in fiscal 2019. the approximate $ 1.2 million of income in fiscal 2020 is primarily net rental income , partially offset by sales tax discount expense and a reduction in the fair value of our interest rate swap in the first quarter fiscal 2019. the approximate $ 0.2 million of income in fiscal 2019 primarily reflects net rental income and an increase in the fair value of our interest rate swap , partially offset by gift card expenses ( specifically the expense of discounting gift card sales ) . taxes the income tax provision related to continuing operations for fiscal 2020 was approximately $ 0.4 million compared to an income tax provision of approximately $ 0.5 million for fiscal 2019. the income tax provision in fiscal 2020 reflects $ 0.3 million of current state income tax and $ 0.1 million of international withholding taxes . the income tax provision in fiscal 2019 reflects $ 0.4 million of current state income tax and $ 0.1 million of international withholding taxes . the effective tax rate ( `` etr `` ) for continuing operations was a negative 1.2 % for fiscal 2020 and a negative 3.2 % for fiscal 2019. the etr for fiscal 2020 differs from the federal statutory rate of 21 % due to the change in the deferred tax valuation allowance , state income taxes and other discrete items . the etr for fiscal 2019 differs from the federal statutory rate due to the change in the deferred tax valuation allowance , the federal jobs credits , state income taxes and other discrete items . discontinued operations replace_table_token_14_th the loss from discontinued operations , net of income taxes was $ 29 thousand in fiscal 2020 compared to a loss of approximately $ 7 thousand in fiscal 2019. the loss of $ 29 thousand in fiscal 2020 primarily reflected net occupancy cost associated with assets that were related to discontinued operations . the loss of $ 7 thousand in fiscal 2019 included carrying costs ( typically rent , property taxes , utilities , and maintenance ) associated with assets that were related to discontinued operations . liquidity and capital resources story_separator_special_tag million . the decreases reflect the lower activity levels in all our reportable segments at the end of fiscal 2020 as compared to fiscal 2019. the increase in operating lease liabilities current includes $ 8.1 million related to the cumulative effect of adopting the new lease accounting standard as more fully described at note 1 to the consolidated financial statements included in item 8. of this form 10-k. capital expenditures capital expenditures for fiscal 2020 were approximately $ 2.1 million primarily related to recurring maintenance of our restaurant properties and information technology infrastructure . in fiscal 2021 , we expect to invest up to $ 3.0 million for recurring maintenance for our restaurant properties , depending on the timing of the execution of our plan of liquidation . we expect to be able to fund all planned capital expenditures in fiscal 2021 using cash on hand , cash flows from operations and proceeds from the sale of assets . debt ppp loan on april 21 , 2020 , the company entered into a promissory note with texas capital bank , n.a ( `` tcb `` ) , effective april 12 , 2020 , that provides for a loan in the amount of $ 10.0 million ( the “ ppp loan ” ) pursuant to the payroll protection program ( “ ppp ” ) , established under the cares act . the ppp loan is subject to forgiveness under the ppp upon the company 's request to the extent that the proceeds are used to pay expenses permitted by the ppp , including payroll costs , covered rent and mortgage obligations , and covered utility payments . amounts outstanding under the loan bear a fixed interest rate of 1.0 % per annum with a maturity date of april 12 , 2022 , two years from the commencement date . on june 5 , 2020 , the paycheck protection program flexibility act ( the “ new act ” ) was signed into law and made significant changes to the ppp to provide additional relief for borrowers under the ppp . the new act increased flexibility for businesses that were unable to operate as normal due to covid-19 related restrictions . the new act extended the period that businesses have to use ppp funds to qualify for loan forgiveness to 24 weeks , up from 8 weeks under the original rules , relaxed the requirements that loan recipients must adhere to in order to qualify for loan forgiveness , and extended the payment deferral period to the earlier of the date when the amount of loan forgiveness is determined by the sba and lender or 10 months after the 24 week covered period ends . initially , all payments were to be deferred for six months . under the new act , payments are deferred until the sba remits any loan forgiveness amount to the lender , tcb in the case of the company . interest accrues over the entire period of the ppp loan for the portion of the ppp that is not ultimately forgiven . on november 12 , 2020 , the company submitted an application for forgiveness of the entire amount

