markets in africa and brazil have opened at a similar pace compared to fiscal year 2015 , and crop qualities are mixed , with production volumes expected to be lower in most origins . although we are not seeing significant delays in customer orders , we expect shipping instructions to be weighted towards the second half of our fiscal year . in addition , while our own leaf inventories are well-managed , global tobacco leaf inventory volumes are high . this may have the effect of extending the duration of the oversupply conditions , despite reduced new crop production and a more positive outlook for demand from some customers based on recent recoveries in certain of their retail markets . looking beyond near-term market conditions , we are optimistic about the future as we believe there are several trends in our business that could provide opportunities for us to increase our market share and to offer additional services to our customers . we have recently seen an increase in the level of supply chain services , which include direct purchasing , that we provide our customers , notably in the united states , mexico , brazil , and the dominican republic . we believe these moves acknowledge the efficiencies and services that global leaf suppliers bring to the entire supply chain . in addition , we believe that compliant leaf requirements and reduction in sourcing complexity will continue to be important to our customers and should favor stable global leaf suppliers who are able to meet these requirements . 18 results of operations amounts described as net income and earnings per diluted share in the following discussion are attributable to universal corporation and exclude earnings related to non-controlling interests in subsidiaries . the total for segment operating income referred to in the discussion below is a non-gaap financial measure . this measure is not a financial measure calculated in accordance with gaap and should not be considered as a substitute for net income , operating income , cash flows from operating activities or any other operating performance measure calculated in accordance with gaap , and it may not be comparable to similarly titled measures reported by other companies . we have provided a reconciliation of the total for segment operating income to consolidated operating income in note 15 . `` operating segments `` to the consolidated financial statements in item 8. we evaluate our segment performance excluding certain significant charges or credits . we believe this measure , which excludes these items that we believe are not indicative of our core operating results , provides investors with important information that is useful in understanding our business results and trends . fiscal year ended march 31 , 2015 , compared to the fiscal year ended march 31 , 2014 net income for the fiscal year ended march 31 , 2015 , was $ 114.6 million , or $ 4.06 per diluted share , compared with last year 's net income of $ 149.0 million , or $ 5.25 per diluted share . last year 's results included a gain of $ 81.6 million before tax ( $ 53.1 million after tax , or $ 1.87 per diluted share ) , from the favorable outcome of litigation in brazil related to previous years ' excise tax credits . results for the current fiscal year included a further gain related to those tax credits , of $ 12.7 million before tax ( $ 0.29 per diluted share ) recorded in the fourth fiscal quarter from updated projections of the utilization of the credits before expiration . the current year also included an income tax benefit of $ 8.0 million ( $ 0.28 per diluted share ) arising from a subsidiary 's payment of a portion of a fine following the resolution of a court case . pretax restructuring costs of $ 4.9 million ( $ 0.11 per diluted share ) and $ 6.7 million ( $ 0.15 per diluted share ) were also incurred for fiscal years 2015 and 2014 , respectively . excluding those items in both years , net income for the fiscal year increased $ 1.2 million ( $ 0.07 per diluted share ) compared to the same period last year . segment operating income , which excludes those items , was $ 167.2 million for fiscal year 2015 , a decrease of $ 8.0 million from the prior year . that reduction was primarily attributable to this year 's lower sales volumes , partially mitigated by a reduction in selling , general , and administrative costs . revenues of $ 2.3 billion for fiscal year 2015 declined 11 % compared with the previous year , driven mainly by those lower overall volumes and modestly lower green leaf costs . flue-cured and burley leaf tobacco operations other regions operating income for the other regions segment for the fiscal year ended march 31 , 2015 , was $ 125.8 million , down 6 % compared to $ 133.4 million in the previous fiscal year . the decrease was attributable mainly to reduced sales volumes in all regions along with inventory writedowns , primarily in africa and south america , reflecting this year 's oversupply market conditions . the impact of those factors was somewhat mitigated by improved gross margins , particularly in brazil , where volatile markets increased green leaf costs last year , as well as benefits from lower selling , general and administrative costs . results for europe were also negatively influenced by currency translation effects from a stronger u.s. dollar . selling , general , and administrative expenses for the segment declined for the fiscal year , mostly from lower currency remeasurement and exchange losses in the philippines and brazil , lower provisions for supplier advances , and positive comparisons of value-added tax valuation allowances , partly offset by higher customer claims . story_separator_special_tag in addition to our operating requirements for working capital , we expect to spend around $ 60 to $ 65 million during fiscal year 2016 for capital expenditures to maintain our facilities , complete the construction of a new manufacturing facility for our food ingredients business , and invest in opportunities to grow and improve our tobacco business . we also expect to provide about $ 12 million in funding to our pension plans . we have no long-term debt maturing before fiscal year 2020. after balancing our capital structure , any excess cash flow from operations after dividends and capital expenditures will be available to fund expansion , purchase our stock , or otherwise enhance shareholder value . story_separator_special_tag were unused and available to support seasonal working capital needs . we also have an active , undenominated universal shelf registration filed with the sec in november 2014 , that provides for future issuance of additional debt or equity securities . we have no long-term debt maturing in fiscal year 2016. derivatives from time to time , we use interest rate swap agreements to manage our exposure to changes in interest rates . upon repayment of outstanding term loans in december 2014 , we terminated $ 74 million notional amount of swap agreements . the fair value of these swap agreements was a liability of approximately $ 0.6 million . in january 2015 , we entered into interest rate swap agreements that convert the variable benchmark libor rate on the new term loans entered into in december 2014 to a fixed rate . with the swap agreements in place , the effective interest rates on the $ 150 million five-year term loan and the $ 220 million seven-year term loan were 2.95 % and 3.49 % , respectively , as of march 31 , 2015. these agreements were entered into to eliminate the variability of cash flows in the interest payments on our variable-rate five- and seven-year term loans and are accounted for as cash flow hedges . under the swap agreements , we receive variable rate interest and pay fixed rate interest . at march 31 , 2015 , the fair value of our open interest rate hedge swaps was a net liability of approximately $ 3 million . 24 we also enter forward contracts from time to time to hedge certain foreign currency exposures , primarily related to forecast purchases of tobacco and related processing costs in brazil , as well as our net monetary asset exposure in local currency there . we generally account for our hedges of forecast tobacco purchases as cash flow hedges . at march 31 , 2015 , the fair value of those open contracts was a net liability of approximately $ 0.3 million . we also had other forward contracts outstanding that were not designated as hedges , and the fair value of those contracts was a net asset of approximately $ 5 million at march 31 , 2015. for additional information , see note 9 to the consolidated financial statements in item 8. pension funding funds supporting our erisa-regulated u.s. defined benefit pension plan increased by $ 10 million during fiscal year 2015 to $ 204 million , as contributions and asset returns exceeded benefit payments . following the changes to the plan benefit formula during fiscal year 2014 , the accumulated benefit obligation ( “ abo ” ) and the projected benefit obligation ( “ pbo ” ) were both approximately $ 230 million as of march 31 , 2015 . the abo and pbo are calculated on the basis of certain assumptions that are outlined in note 11 to the consolidated financial statements in item 8. we expect to make contributions of about $ 12 million to our pension plans , including $ 5 million to our erisa-regulated plan , during the next year . it is our policy to regularly monitor the performance of the funds and to review the adequacy of our funding and plan contributions . contractual obligations our contractual obligations as of march 31 , 2015 , were as follows : replace_table_token_3_th ( 1 ) includes interest payments . interest payments on $ 429.9 million of variable rate debt were estimated based on rates as of march 31 , 2015 . the company has entered interest rate swaps that effectively convert the interest payments on the $ 370.0 million outstanding balance of its two bank term loans from variable to fixed . the fixed rate has been used to determine the contractual interest payments for all periods . in addition to principal and interest payments on notes payable and long-term debt , our contractual obligations include operating lease payments , inventory purchase commitments , and capital expenditure commitments . operating lease obligations represent minimum payments due under leases for various production , storage , distribution , and other facilities , as well as vehicles and equipment . tobacco inventory purchase obligations primarily represent contracts to purchase tobacco from farmers . the amounts shown above are estimates since actual quantities purchased will depend on crop yield , and prices will depend on the quality of the tobacco delivered . about 43 % of our crop year contracts to purchase tobacco are with farmers in brazil . we have partially funded our tobacco purchases in brazil and in other regions with advances to farmers and other suppliers , which totaled approximately $ 115 million , net of allowances , at march 31 , 2015 . in addition , we have guaranteed bank loans to farmers in brazil that relate to a portion of our tobacco purchase obligations there . at march 31 , 2015 , we were contingently liable under those guarantees for outstanding balances of approximately $ 17 million ( including accrued interest ) , and we had recorded a liability of approximately $ 2 million for the fair value of those guarantees . as tobacco is purchased and the related bank loans are repaid ,

cash flow our operations generated about $ 226.5 million in operating cash flows in fiscal year 2015. that amount was about $ 230 million higher than the $ 3.5 million we required during the same period last fiscal year , primarily due to lower crop purchase volumes and green leaf prices . during the fiscal year ended march 31 , 2015 , we increased our cash balances by $ 85.3 million , spent $ 58.4 million on capital projects , returned $ 94.9 million to shareholders in the form of dividends and repurchases of our common and preferred stock , and refinanced a major portion of our capital structure , extending our debt maturities . at march 31 , 2015 , cash balances totaled $ 248.8 million . working capital working capital at march 31 , 2015 , was about $ 1.4 billion , up $ 145.4 million from last year 's level . the $ 85.3 million increase in cash and cash equivalents was partially offset by fewer advances to suppliers on smaller anticipated 2015 crops , down $ 19.7 million . we extended our debt maturities as part of our $ 800 million refinancing in december 2014 and , as a result , we have no principal payments due on our long-term debt over the next twelve months . tobacco inventories of $ 636.5 million at march 31 , 2015 , were relatively flat compared to inventory levels at the end of the prior fiscal year . we usually finance inventory with a mix of cash , notes payable , and customer deposits , depending on our borrowing capabilities , interest rates , and exchange rates , as well as those of our customers . we generally do not purchase material quantities of tobacco on a speculative basis . however , when we contract directly with farmers , we are often obligated to buy all stalk positions , which may contain less marketable leaf styles .


 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 flow our operations generated about $ 226.5 million in operating cash flows in fiscal year 2015. that amount was about $ 230 million higher than the $ 3.5 million we required during the same period last fiscal year , primarily due to lower crop purchase volumes and green leaf prices . during the fiscal year ended march 31 , 2015 , we increased our cash balances by $ 85.3 million , spent $ 58.4 million on capital projects , returned $ 94.9 million to shareholders in the form of dividends and repurchases of our common and preferred stock , and refinanced a major portion of our capital structure , extending our debt maturities . at march 31 , 2015 , cash balances totaled $ 248.8 million . working capital working capital at march 31 , 2015 , was about $ 1.4 billion , up $ 145.4 million from last year 's level . the $ 85.3 million increase in cash and cash equivalents was partially offset by fewer advances to suppliers on smaller anticipated 2015 crops , down $ 19.7 million . we extended our debt maturities as part of our $ 800 million refinancing in december 2014 and , as a result , we have no principal payments due on our long-term debt over the next twelve months . tobacco inventories of $ 636.5 million at march 31 , 2015 , were relatively flat compared to inventory levels at the end of the prior fiscal year . we usually finance inventory with a mix of cash , notes payable , and customer deposits , depending on our borrowing capabilities , interest rates , and exchange rates , as well as those of our customers . we generally do not purchase material quantities of tobacco on a speculative basis . however , when we contract directly with farmers , we are often obligated to buy all stalk positions , which may contain less marketable leaf styles .
```    
 Suspicious Activity Report : markets in africa and brazil have opened at a similar pace compared to fiscal year 2015 , and crop qualities are mixed , with production volumes expected to be lower in most origins . although we are not seeing significant delays in customer orders , we expect shipping instructions to be weighted towards the second half of our fiscal year . in addition , while our own leaf inventories are well-managed , global tobacco leaf inventory volumes are high . this may have the effect of extending the duration of the oversupply conditions , despite reduced new crop production and a more positive outlook for demand from some customers based on recent recoveries in certain of their retail markets . looking beyond near-term market conditions , we are optimistic about the future as we believe there are several trends in our business that could provide opportunities for us to increase our market share and to offer additional services to our customers . we have recently seen an increase in the level of supply chain services , which include direct purchasing , that we provide our customers , notably in the united states , mexico , brazil , and the dominican republic . we believe these moves acknowledge the efficiencies and services that global leaf suppliers bring to the entire supply chain . in addition , we believe that compliant leaf requirements and reduction in sourcing complexity will continue to be important to our customers and should favor stable global leaf suppliers who are able to meet these requirements . 18 results of operations amounts described as net income and earnings per diluted share in the following discussion are attributable to universal corporation and exclude earnings related to non-controlling interests in subsidiaries . the total for segment operating income referred to in the discussion below is a non-gaap financial measure . this measure is not a financial measure calculated in accordance with gaap and should not be considered as a substitute for net income , operating income , cash flows from operating activities or any other operating performance measure calculated in accordance with gaap , and it may not be comparable to similarly titled measures reported by other companies . we have provided a reconciliation of the total for segment operating income to consolidated operating income in note 15 . `` operating segments `` to the consolidated financial statements in item 8. we evaluate our segment performance excluding certain significant charges or credits . we believe this measure , which excludes these items that we believe are not indicative of our core operating results , provides investors with important information that is useful in understanding our business results and trends . fiscal year ended march 31 , 2015 , compared to the fiscal year ended march 31 , 2014 net income for the fiscal year ended march 31 , 2015 , was $ 114.6 million , or $ 4.06 per diluted share , compared with last year 's net income of $ 149.0 million , or $ 5.25 per diluted share . last year 's results included a gain of $ 81.6 million before tax ( $ 53.1 million after tax , or $ 1.87 per diluted share ) , from the favorable outcome of litigation in brazil related to previous years ' excise tax credits . results for the current fiscal year included a further gain related to those tax credits , of $ 12.7 million before tax ( $ 0.29 per diluted share ) recorded in the fourth fiscal quarter from updated projections of the utilization of the credits before expiration . the current year also included an income tax benefit of $ 8.0 million ( $ 0.28 per diluted share ) arising from a subsidiary 's payment of a portion of a fine following the resolution of a court case . pretax restructuring costs of $ 4.9 million ( $ 0.11 per diluted share ) and $ 6.7 million ( $ 0.15 per diluted share ) were also incurred for fiscal years 2015 and 2014 , respectively . excluding those items in both years , net income for the fiscal year increased $ 1.2 million ( $ 0.07 per diluted share ) compared to the same period last year . segment operating income , which excludes those items , was $ 167.2 million for fiscal year 2015 , a decrease of $ 8.0 million from the prior year . that reduction was primarily attributable to this year 's lower sales volumes , partially mitigated by a reduction in selling , general , and administrative costs . revenues of $ 2.3 billion for fiscal year 2015 declined 11 % compared with the previous year , driven mainly by those lower overall volumes and modestly lower green leaf costs . flue-cured and burley leaf tobacco operations other regions operating income for the other regions segment for the fiscal year ended march 31 , 2015 , was $ 125.8 million , down 6 % compared to $ 133.4 million in the previous fiscal year . the decrease was attributable mainly to reduced sales volumes in all regions along with inventory writedowns , primarily in africa and south america , reflecting this year 's oversupply market conditions . the impact of those factors was somewhat mitigated by improved gross margins , particularly in brazil , where volatile markets increased green leaf costs last year , as well as benefits from lower selling , general and administrative costs . results for europe were also negatively influenced by currency translation effects from a stronger u.s. dollar . selling , general , and administrative expenses for the segment declined for the fiscal year , mostly from lower currency remeasurement and exchange losses in the philippines and brazil , lower provisions for supplier advances , and positive comparisons of value-added tax valuation allowances , partly offset by higher customer claims . story_separator_special_tag in addition to our operating requirements for working capital , we expect to spend around $ 60 to $ 65 million during fiscal year 2016 for capital expenditures to maintain our facilities , complete the construction of a new manufacturing facility for our food ingredients business , and invest in opportunities to grow and improve our tobacco business . we also expect to provide about $ 12 million in funding to our pension plans . we have no long-term debt maturing before fiscal year 2020. after balancing our capital structure , any excess cash flow from operations after dividends and capital expenditures will be available to fund expansion , purchase our stock , or otherwise enhance shareholder value . story_separator_special_tag were unused and available to support seasonal working capital needs . we also have an active , undenominated universal shelf registration filed with the sec in november 2014 , that provides for future issuance of additional debt or equity securities . we have no long-term debt maturing in fiscal year 2016. derivatives from time to time , we use interest rate swap agreements to manage our exposure to changes in interest rates . upon repayment of outstanding term loans in december 2014 , we terminated $ 74 million notional amount of swap agreements . the fair value of these swap agreements was a liability of approximately $ 0.6 million . in january 2015 , we entered into interest rate swap agreements that convert the variable benchmark libor rate on the new term loans entered into in december 2014 to a fixed rate . with the swap agreements in place , the effective interest rates on the $ 150 million five-year term loan and the $ 220 million seven-year term loan were 2.95 % and 3.49 % , respectively , as of march 31 , 2015. these agreements were entered into to eliminate the variability of cash flows in the interest payments on our variable-rate five- and seven-year term loans and are accounted for as cash flow hedges . under the swap agreements , we receive variable rate interest and pay fixed rate interest . at march 31 , 2015 , the fair value of our open interest rate hedge swaps was a net liability of approximately $ 3 million . 24 we also enter forward contracts from time to time to hedge certain foreign currency exposures , primarily related to forecast purchases of tobacco and related processing costs in brazil , as well as our net monetary asset exposure in local currency there . we generally account for our hedges of forecast tobacco purchases as cash flow hedges . at march 31 , 2015 , the fair value of those open contracts was a net liability of approximately $ 0.3 million . we also had other forward contracts outstanding that were not designated as hedges , and the fair value of those contracts was a net asset of approximately $ 5 million at march 31 , 2015. for additional information , see note 9 to the consolidated financial statements in item 8. pension funding funds supporting our erisa-regulated u.s. defined benefit pension plan increased by $ 10 million during fiscal year 2015 to $ 204 million , as contributions and asset returns exceeded benefit payments . following the changes to the plan benefit formula during fiscal year 2014 , the accumulated benefit obligation ( “ abo ” ) and the projected benefit obligation ( “ pbo ” ) were both approximately $ 230 million as of march 31 , 2015 . the abo and pbo are calculated on the basis of certain assumptions that are outlined in note 11 to the consolidated financial statements in item 8. we expect to make contributions of about $ 12 million to our pension plans , including $ 5 million to our erisa-regulated plan , during the next year . it is our policy to regularly monitor the performance of the funds and to review the adequacy of our funding and plan contributions . contractual obligations our contractual obligations as of march 31 , 2015 , were as follows : replace_table_token_3_th ( 1 ) includes interest payments . interest payments on $ 429.9 million of variable rate debt were estimated based on rates as of march 31 , 2015 . the company has entered interest rate swaps that effectively convert the interest payments on the $ 370.0 million outstanding balance of its two bank term loans from variable to fixed . the fixed rate has been used to determine the contractual interest payments for all periods . in addition to principal and interest payments on notes payable and long-term debt , our contractual obligations include operating lease payments , inventory purchase commitments , and capital expenditure commitments . operating lease obligations represent minimum payments due under leases for various production , storage , distribution , and other facilities , as well as vehicles and equipment . tobacco inventory purchase obligations primarily represent contracts to purchase tobacco from farmers . the amounts shown above are estimates since actual quantities purchased will depend on crop yield , and prices will depend on the quality of the tobacco delivered . about 43 % of our crop year contracts to purchase tobacco are with farmers in brazil . we have partially funded our tobacco purchases in brazil and in other regions with advances to farmers and other suppliers , which totaled approximately $ 115 million , net of allowances , at march 31 , 2015 . in addition , we have guaranteed bank loans to farmers in brazil that relate to a portion of our tobacco purchase obligations there . at march 31 , 2015 , we were contingently liable under those guarantees for outstanding balances of approximately $ 17 million ( including accrued interest ) , and we had recorded a liability of approximately $ 2 million for the fair value of those guarantees . as tobacco is purchased and the related bank loans are repaid ,

