the impact of these revisions resulted in an increase in net loss from continuing operations of $ 0.8 million for fiscal year 2014 and an increase in net income from continuing operations of $ 2.2 million for fiscal year 2013. accrued expenses and other noncurrent liabilities increased $ 0.8 and $ 0.8 million , respectively , at june 30 , 2014 and retained earnings at june 30 , 2014 decreased by $ 1.6 million as a result of the cumulative adjustment for prior periods . in addition , cash and cash equivalents at june 30 , 2013 increased by $ 0.6 million due to the revisions . 23 consolidated results of operations the following table sets forth , for the periods indicated , certain information derived from our consolidated statement of operations . the percentages are computed as a percent of total revenues , except as otherwise indicated . replace_table_token_12_th ( 1 ) computed as a percent of service revenues and excludes depreciation and amortization expense . ( 2 ) computed as a percent of product revenues and excludes depreciation and amortization expense . ( 3 ) computed as a percent of ( loss ) income from continuing operations before income taxes and equity in loss of affiliated companies . the income tax ( provision ) benefit basis point change is noted as not applicable ( n/a ) as the discussion below is related to the effective income tax rate . 24 consolidated revenues consolidated revenues primarily include revenues of company-owned salons , product and equipment sales to franchisees and franchise royalties and fees . the following tables summarize revenues and same-store sales by concept , as well as the reasons for the percentage change : replace_table_token_13_th _ ( 1 ) same-store sales are calculated on a daily basis as the total change in sales for company-owned locations which were open on a specific day of the week during the current period and the corresponding prior period . quarterly and fiscal year same-store sales are the sum of the same-store sales computed on a daily basis . locations relocated within a one mile radius are included in same-store sales as they are considered to have been open in the prior period . international same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation . decreases in consolidated revenues were driven by the following : replace_table_token_14_th same-store sales by concept by fiscal year are detailed in the table below : replace_table_token_15_th 25 the same-store sales decrease of 0.3 % during fiscal year 2015 was due to a 1.9 % decrease in guest visits , partly offset by a 1.6 % increase in average ticket . we closed 338 and 322 salons ( including 72 and 63 franchised salons ) during fiscal years 2015 and 2014 , respectively . the company constructed ( net of relocations ) 91 company-owned salons during fiscal year 2015 . we did not acquire any company-owned locations during fiscal year 2015 . during fiscal year 2014 , we acquired two company-owned salons via franchise buybacks . the same-store sales decrease of 4.8 % during fiscal year 2014 was due to a 6.1 % decrease in guest visits , partly offset by a 1.3 % increase in average ticket . we closed 322 and 492 salons ( including 63 and 69 franchised salons ) during fiscal years 2014 and 2013 , respectively . the company constructed ( net of relocations ) 127 company-owned salons during fiscal year 2014. during fiscal year 2014 , we acquired two company-owned salons via franchise buybacks . we did not acquire any company-owned locations during fiscal year 2013. the same-store sales decrease of 2.4 % during fiscal year 2013 was due to a 3.0 % decrease in guest visits , partly offset by a 0.6 % increase in average ticket . we closed 492 and 384 salons ( including 69 and 51 franchised salons ) during fiscal years 2013 and 2012 , respectively . the company constructed ( net of relocations ) 153 company-owned salons during fiscal year 2013. we did not acquire any company-owned salons during fiscal year 2013 compared to 13 company-owned salons ( including 11 franchise buybacks ) during fiscal year 2012. consolidated revenues are primarily comprised of service and product revenues , as well as franchise royalties and fees . fluctuations in these three major revenue categories , operating expenses and other income and expense were as follows : service revenues the $ 50.7 million decrease in service revenues during fiscal year 2015 was primarily due to the 0.4 % decrease in same-store services sales , the closure of 266 company-owned salons and impacts of foreign exchange rate fluctuations . the decrease in same-store services sales was primarily a result of a 1.2 % decrease in same-store guest visits , partly offset by a 0.8 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 91 company-owned salons during fiscal year 2015. the $ 83.8 million decrease in service revenues during fiscal year 2014 was primarily due to the 3.4 % decrease in same-store services sales and the closure of 259 company-owned salons . the decrease in same-store services sales was primarily a result of a 4.9 % decrease in same-store guest visits , partly offset by a 1.5 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 127 company-owned salons during fiscal year 2014. the $ 80.0 million decrease in service revenues during fiscal year 2013 was primarily due to the closure of 423 company-owned salons , same-store service sales decreasing 2.0 % and the comparable prior period including an additional day from leap year . the decrease in same-store services sales was primarily a result of a 2.3 % decrease in same-store guest visits , partly offset by a 0.3 % increase in average ticket . story_separator_special_tag the loss in affiliated companies , net of income taxes for fiscal year 2014 , was primarily due to the company recording its portion of eeg 's goodwill impairment charge ( $ 12.6 million , net of income taxes ) and fixed asset impairment charges ( $ 3.3 million , net of income taxes ) , partly offset by the recovery of $ 3.1 million on previously impaired investments in yamano holding corporation . see note 5 to the consolidated financial statements . the loss in affiliated companies , net of income taxes for fiscal year 2013 was primarily due to the company 's $ 17.9 million other than temporary impairment charge recorded on its investment in eeg , partly offset by the company 's share of eeg 's net income and a $ 0.6 million gain on the provalliance equity put that automatically terminated as a result of the sale of the company 's investment in provalliance . see note 5 to the consolidated financial statements . ( loss ) income from discontinued operations , net of income taxes during fiscal year 2015 , the company recognized $ 0.6 million of tax expense related to a legal settlement associated with the trade secret salon concept . see note 2 to the consolidated financial statements . during fiscal year 2014 , the company recognized $ 1.4 million of tax benefit from discontinued operations for the release of tax reserves associated with the disposition of our trade secret salon concept . see note 2 to the consolidated financial statements . during fiscal year 2013 , the company recognized $ 25.0 million of income , net of income taxes from discontinued operations , primarily from an after-tax gain of $ 17.8 million realized upon the sale of hair club and $ 12.6 million of income from hair club operations , net of income taxes , partly offset by $ 5.4 million of expense , net of income taxes , associated with professional and transaction fees . recent accounting pronouncements recent accounting pronouncements are discussed in note 1 to the consolidated financial statements . liquidity and capital resources sources of liquidity funds generated by operating activities , available cash and cash equivalents , and our revolving credit facility are our most significant sources of liquidity . we believe our sources of liquidity will be sufficient to sustain operations and to finance strategic initiatives for at least the next twelve months . we also anticipate having access to long-term financing . however , in the event our liquidity is insufficient and we are not able to access long-term financing , we may be required to limit or delay our strategic initiatives . there can be no assurance that we will continue to generate cash flows at or above current levels . as of june 30 , 2015 , cash and cash equivalents were $ 212.3 million , with $ 198.0 , $ 4.2 and $ 10.1 million in the u.s. , canada and europe , respectively . during fiscal year 2015 , $ 16.4 million of cash was returned to the u.s. through the repayment of intercompany notes . we have a $ 400.0 million five-year senior unsecured revolving credit facility with a syndicate of banks that expires in june 2018. as of june 30 , 2015 , the company had no outstanding borrowings under the facility and had outstanding standby letters of credit under the facility of $ 2.1 million , primarily related to its self-insurance program . accordingly , unused available credit under the facility at june 30 , 2015 was $ 397.9 million . refer to additional discussion under financing arrangements . our ability to access our revolving credit facility is subject to our compliance with the terms and conditions of such facility , including a maximum leverage ratio , a minimum fixed charge ratio and other covenants and requirements . at june 30 , 2015 , we were in compliance with all covenants and other requirements of our credit agreement and senior notes . uses of cash the company has a capital allocation policy that focuses on three key principles . these principles focus on preserving a strong balance sheet and enhancing operating flexibility , preventing unnecessary dilution so the benefits of future value accrue to shareholders and deploying capital to the highest and best use by optimizing the tradeoff between risk and after-tax returns . 30 during fiscal year 2015 , the company settled the $ 172.5 million convertible notes at par value with cash and repurchased approximately 3.1 million shares for $ 47.9 million . story_separator_special_tag href= `` https : //www.sec.gov/archives/edgar/data/0000716643/000071664315000025/ # s8f329ff145a2c752645f295fe713c7a0 `` style= `` font-family : inherit ; font-size:10pt ; `` > the company 's financing arrangements consists of the following : replace_table_token_16_th in november 2013 , the company issued $ 120.0 million aggregate principal amount of 5.75 % unsecured senior notes due december 2017. net proceeds from the issuance of the senior term notes were $ 118.1 million . interest on the senior term notes is payable semi-annually in arrears on june 1 and december 1 of each year , beginning on june 1 , 2014. the entire outstanding principal is due at maturity . the company has a $ 400.0 million unsecured five-year revolving credit facility that expires in june 2018 and includes , among other things , a maximum leverage ratio covenant , a minimum fixed charge coverage ratio covenant and certain restrictions on liens , liquidity and other indebtedness . the company may request an increase in revolving credit commitments under the facility of up to $ 200.0 million under certain circumstances . events of default under the credit agreement include a change of control of the company . during june 2013 , the company prepaid $ 89.3 million of unsecured , fixed rate , senior term notes outstanding under a private shelf agreement . our debt to capitalization ratio , calculated as total debt as a percentage of total debt and

cash flows cash flows from operating activities fiscal year 2015 cash provided by operating activities of $ 94.0 million decreased by $ 22.8 million compared to the previous fiscal year , primarily as a result of a $ 12.0 million decrease in working capital primarily due to lapping fiscal year 2014 income tax refunds and lower earnings . fiscal year 2014 cash provided by operating activities of $ 116.8 million increased by $ 47.0 million compared to the previous fiscal year , primarily as a result of increased cash provided by working capital partly offset by the operating loss . the $ 77.2 million working capital improvement over the previous year was primarily the result of cash received in fiscal year 2014 for income tax refunds and the collection of weekend credit card receivables outstanding at the end of the previous fiscal year . fiscal year 2013 working capital included cash used for increased deferred compensation payments and build of the outstanding income tax receivable collected in fiscal year 2014. fiscal year 2013 cash provided by operating activities of $ 69.8 million declined by $ 83.9 million compared to the previous fiscal year . despite higher earnings in the fiscal year 2013 , the decrease was attributable to decreases in revenues and increased cost of service and product resulting in changes in working capital .


 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 flows cash flows from operating activities fiscal year 2015 cash provided by operating activities of $ 94.0 million decreased by $ 22.8 million compared to the previous fiscal year , primarily as a result of a $ 12.0 million decrease in working capital primarily due to lapping fiscal year 2014 income tax refunds and lower earnings . fiscal year 2014 cash provided by operating activities of $ 116.8 million increased by $ 47.0 million compared to the previous fiscal year , primarily as a result of increased cash provided by working capital partly offset by the operating loss . the $ 77.2 million working capital improvement over the previous year was primarily the result of cash received in fiscal year 2014 for income tax refunds and the collection of weekend credit card receivables outstanding at the end of the previous fiscal year . fiscal year 2013 working capital included cash used for increased deferred compensation payments and build of the outstanding income tax receivable collected in fiscal year 2014. fiscal year 2013 cash provided by operating activities of $ 69.8 million declined by $ 83.9 million compared to the previous fiscal year . despite higher earnings in the fiscal year 2013 , the decrease was attributable to decreases in revenues and increased cost of service and product resulting in changes in working capital .
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 Suspicious Activity Report : the impact of these revisions resulted in an increase in net loss from continuing operations of $ 0.8 million for fiscal year 2014 and an increase in net income from continuing operations of $ 2.2 million for fiscal year 2013. accrued expenses and other noncurrent liabilities increased $ 0.8 and $ 0.8 million , respectively , at june 30 , 2014 and retained earnings at june 30 , 2014 decreased by $ 1.6 million as a result of the cumulative adjustment for prior periods . in addition , cash and cash equivalents at june 30 , 2013 increased by $ 0.6 million due to the revisions . 23 consolidated results of operations the following table sets forth , for the periods indicated , certain information derived from our consolidated statement of operations . the percentages are computed as a percent of total revenues , except as otherwise indicated . replace_table_token_12_th ( 1 ) computed as a percent of service revenues and excludes depreciation and amortization expense . ( 2 ) computed as a percent of product revenues and excludes depreciation and amortization expense . ( 3 ) computed as a percent of ( loss ) income from continuing operations before income taxes and equity in loss of affiliated companies . the income tax ( provision ) benefit basis point change is noted as not applicable ( n/a ) as the discussion below is related to the effective income tax rate . 24 consolidated revenues consolidated revenues primarily include revenues of company-owned salons , product and equipment sales to franchisees and franchise royalties and fees . the following tables summarize revenues and same-store sales by concept , as well as the reasons for the percentage change : replace_table_token_13_th _ ( 1 ) same-store sales are calculated on a daily basis as the total change in sales for company-owned locations which were open on a specific day of the week during the current period and the corresponding prior period . quarterly and fiscal year same-store sales are the sum of the same-store sales computed on a daily basis . locations relocated within a one mile radius are included in same-store sales as they are considered to have been open in the prior period . international same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation . decreases in consolidated revenues were driven by the following : replace_table_token_14_th same-store sales by concept by fiscal year are detailed in the table below : replace_table_token_15_th 25 the same-store sales decrease of 0.3 % during fiscal year 2015 was due to a 1.9 % decrease in guest visits , partly offset by a 1.6 % increase in average ticket . we closed 338 and 322 salons ( including 72 and 63 franchised salons ) during fiscal years 2015 and 2014 , respectively . the company constructed ( net of relocations ) 91 company-owned salons during fiscal year 2015 . we did not acquire any company-owned locations during fiscal year 2015 . during fiscal year 2014 , we acquired two company-owned salons via franchise buybacks . the same-store sales decrease of 4.8 % during fiscal year 2014 was due to a 6.1 % decrease in guest visits , partly offset by a 1.3 % increase in average ticket . we closed 322 and 492 salons ( including 63 and 69 franchised salons ) during fiscal years 2014 and 2013 , respectively . the company constructed ( net of relocations ) 127 company-owned salons during fiscal year 2014. during fiscal year 2014 , we acquired two company-owned salons via franchise buybacks . we did not acquire any company-owned locations during fiscal year 2013. the same-store sales decrease of 2.4 % during fiscal year 2013 was due to a 3.0 % decrease in guest visits , partly offset by a 0.6 % increase in average ticket . we closed 492 and 384 salons ( including 69 and 51 franchised salons ) during fiscal years 2013 and 2012 , respectively . the company constructed ( net of relocations ) 153 company-owned salons during fiscal year 2013. we did not acquire any company-owned salons during fiscal year 2013 compared to 13 company-owned salons ( including 11 franchise buybacks ) during fiscal year 2012. consolidated revenues are primarily comprised of service and product revenues , as well as franchise royalties and fees . fluctuations in these three major revenue categories , operating expenses and other income and expense were as follows : service revenues the $ 50.7 million decrease in service revenues during fiscal year 2015 was primarily due to the 0.4 % decrease in same-store services sales , the closure of 266 company-owned salons and impacts of foreign exchange rate fluctuations . the decrease in same-store services sales was primarily a result of a 1.2 % decrease in same-store guest visits , partly offset by a 0.8 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 91 company-owned salons during fiscal year 2015. the $ 83.8 million decrease in service revenues during fiscal year 2014 was primarily due to the 3.4 % decrease in same-store services sales and the closure of 259 company-owned salons . the decrease in same-store services sales was primarily a result of a 4.9 % decrease in same-store guest visits , partly offset by a 1.5 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 127 company-owned salons during fiscal year 2014. the $ 80.0 million decrease in service revenues during fiscal year 2013 was primarily due to the closure of 423 company-owned salons , same-store service sales decreasing 2.0 % and the comparable prior period including an additional day from leap year . the decrease in same-store services sales was primarily a result of a 2.3 % decrease in same-store guest visits , partly offset by a 0.3 % increase in average ticket . story_separator_special_tag the loss in affiliated companies , net of income taxes for fiscal year 2014 , was primarily due to the company recording its portion of eeg 's goodwill impairment charge ( $ 12.6 million , net of income taxes ) and fixed asset impairment charges ( $ 3.3 million , net of income taxes ) , partly offset by the recovery of $ 3.1 million on previously impaired investments in yamano holding corporation . see note 5 to the consolidated financial statements . the loss in affiliated companies , net of income taxes for fiscal year 2013 was primarily due to the company 's $ 17.9 million other than temporary impairment charge recorded on its investment in eeg , partly offset by the company 's share of eeg 's net income and a $ 0.6 million gain on the provalliance equity put that automatically terminated as a result of the sale of the company 's investment in provalliance . see note 5 to the consolidated financial statements . ( loss ) income from discontinued operations , net of income taxes during fiscal year 2015 , the company recognized $ 0.6 million of tax expense related to a legal settlement associated with the trade secret salon concept . see note 2 to the consolidated financial statements . during fiscal year 2014 , the company recognized $ 1.4 million of tax benefit from discontinued operations for the release of tax reserves associated with the disposition of our trade secret salon concept . see note 2 to the consolidated financial statements . during fiscal year 2013 , the company recognized $ 25.0 million of income , net of income taxes from discontinued operations , primarily from an after-tax gain of $ 17.8 million realized upon the sale of hair club and $ 12.6 million of income from hair club operations , net of income taxes , partly offset by $ 5.4 million of expense , net of income taxes , associated with professional and transaction fees . recent accounting pronouncements recent accounting pronouncements are discussed in note 1 to the consolidated financial statements . liquidity and capital resources sources of liquidity funds generated by operating activities , available cash and cash equivalents , and our revolving credit facility are our most significant sources of liquidity . we believe our sources of liquidity will be sufficient to sustain operations and to finance strategic initiatives for at least the next twelve months . we also anticipate having access to long-term financing . however , in the event our liquidity is insufficient and we are not able to access long-term financing , we may be required to limit or delay our strategic initiatives . there can be no assurance that we will continue to generate cash flows at or above current levels . as of june 30 , 2015 , cash and cash equivalents were $ 212.3 million , with $ 198.0 , $ 4.2 and $ 10.1 million in the u.s. , canada and europe , respectively . during fiscal year 2015 , $ 16.4 million of cash was returned to the u.s. through the repayment of intercompany notes . we have a $ 400.0 million five-year senior unsecured revolving credit facility with a syndicate of banks that expires in june 2018. as of june 30 , 2015 , the company had no outstanding borrowings under the facility and had outstanding standby letters of credit under the facility of $ 2.1 million , primarily related to its self-insurance program . accordingly , unused available credit under the facility at june 30 , 2015 was $ 397.9 million . refer to additional discussion under financing arrangements . our ability to access our revolving credit facility is subject to our compliance with the terms and conditions of such facility , including a maximum leverage ratio , a minimum fixed charge ratio and other covenants and requirements . at june 30 , 2015 , we were in compliance with all covenants and other requirements of our credit agreement and senior notes . uses of cash the company has a capital allocation policy that focuses on three key principles . these principles focus on preserving a strong balance sheet and enhancing operating flexibility , preventing unnecessary dilution so the benefits of future value accrue to shareholders and deploying capital to the highest and best use by optimizing the tradeoff between risk and after-tax returns . 30 during fiscal year 2015 , the company settled the $ 172.5 million convertible notes at par value with cash and repurchased approximately 3.1 million shares for $ 47.9 million . story_separator_special_tag href= `` https : //www.sec.gov/archives/edgar/data/0000716643/000071664315000025/ # s8f329ff145a2c752645f295fe713c7a0 `` style= `` font-family : inherit ; font-size:10pt ; `` > the company 's financing arrangements consists of the following : replace_table_token_16_th in november 2013 , the company issued $ 120.0 million aggregate principal amount of 5.75 % unsecured senior notes due december 2017. net proceeds from the issuance of the senior term notes were $ 118.1 million . interest on the senior term notes is payable semi-annually in arrears on june 1 and december 1 of each year , beginning on june 1 , 2014. the entire outstanding principal is due at maturity . the company has a $ 400.0 million unsecured five-year revolving credit facility that expires in june 2018 and includes , among other things , a maximum leverage ratio covenant , a minimum fixed charge coverage ratio covenant and certain restrictions on liens , liquidity and other indebtedness . the company may request an increase in revolving credit commitments under the facility of up to $ 200.0 million under certain circumstances . events of default under the credit agreement include a change of control of the company . during june 2013 , the company prepaid $ 89.3 million of unsecured , fixed rate , senior term notes outstanding under a private shelf agreement . our debt to capitalization ratio , calculated as total debt as a percentage of total debt and

