Use the data provided in the following financial statements to comment on the likelihood of earnings manipulation by company Y.

Statement of operations for the year ended	2015	2014
Net sales	1068182	884236
Cost of goods sold	837683	900573
Selling, general and administrative expense	131056	214029
Restructuring and asset impairment (benefit) charges	--	154869
Operating earnings (loss)	99443	-285235
Interest expense	11381	13588
Other (income) expense, net	-1218	3738
Earnings (loss) from continuing operations before income taxes	89280	-302561
Income taxes (benefit)	66152	-105890
Earnings (loss) from continuing operations	23128	-196671
Loss from discontinued operations, net	13713	-31591
Net earnings (loss)	9415	-228262

Statement of financial position as of December	2015	2014
Cash and cash equivalents	52378	11526
Receivables, net of Allowances	295550	213438
Inventories	256180	162252
Net assets of discontinued operations and other assets held for sale	--	102847
Deferred income taxes	36706	93689
Prepaid expenses and other current assets	17191	40411
Total current assets	658005	624163
Property, plant and equipment, net	240897	220088
Trademarks, trade names, goodwill and other net	221382	228458
Total assets	1120284	1072709
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of long-term debt	668	921
Accounts payable	105580	107319
Restructuring accrual	10938	63834
Other current liabilities	80913	99509
Total current liabilities	198099	271583
Long-term debt	194580	201115
Other long-term liabilities	141109	152451
Deferred income taxes	54559	52308
Preferred stock	--	--
Common stock	900	884
Paid-in capital	483384	447948
Retained earnings	141134	35118
Other	-30436	-25310
Treasury stock	-63045	-63388
Total shareholders' equity	531937	395252
Total liabilities and shareholders' equity	1120284	1072709
Additional information:
Cash flow from operations	-8249	14163
Depreciation	38577	47429