the non-warranty product return privileges include allowing certain distributors to return a small portion of our products in their inventory based on their previous purchases . given the uncertainties associated with the levels of non-warranty product returns and sales price rebates that could be issued to certain distributors , the company defers recognition of such revenue and related cost of goods sold until receipt of notification from these distributors that product has been sold to their end-customers . accounts receivable from direct customers and distributors are recognized and inventory is relieved upon shipment as title to inventories generally transfers upon shipment at which point the company has a legally enforceable right to collection under normal terms . accounts receivable related to consigned inventory is recognized when the customer takes title to such inventory from its consigned location at which point inventory is relieved , title transfers , and the company has a legally enforceable right to collection under the terms of our agreement with the related customers . the company estimates potential future returns and sales allowances related to current period product revenue . management analyzes historical returns , changes in customer demand and acceptance of products when evaluating the adequacy of returns and sales allowances . estimates made by us may differ from actual returns and sales allowances . these differences may materially impact reported revenue and amounts ultimately collected on accounts receivable . historically , such differences have not been 22 material . at june 30 , 2012 and june 25 , 2011 , the company had $ 11.4 million and $ 16.0 million accrued for returns and allowances against accounts receivable , respectively . during fiscal years 2012 and 2011 , the company recorded $ 61.0 million and $ 74.5 million for estimated returns and allowances against revenues , respectively . these amounts were offset by $ 65.6 million and $ 73.5 million for actual returns and allowances given during fiscal years 2012 and 2011 , respectively . inventories inventories are stated at the lower of ( i ) standard cost , which approximates actual cost on a first-in-first-out basis , or ( ii ) market value . our standard cost revision policy is to continuously monitor manufacturing variances and quarterly revise standard costs . because of the cyclical nature of the market , inventory levels , obsolescence of technology , and product life cycles , we generally write-down inventories to net realizable value based on 12 months forecasted product demand . actual demand and market conditions may be lower than those projected by us . this difference could have a material adverse effect on our gross margin should inventory write-downs beyond those initially recorded become necessary . alternatively , should actual demand and market conditions be more favorable than those estimated by us , gross margin could be favorably impacted . historically , such differences have not been material . during fiscal years 2012 , 2011 and 2010 , we had inventory write-downs of $ 26.1 million , $ 13.8 million and $ 3.7 million , respectively . long-lived assets we evaluate the recoverability of property , plant and equipment in accordance with accounting standards codification ( `` asc `` ) no . 360 , accounting for the property , plant , and equipment ( `` asc 360 `` ) . we perform periodic reviews to determine whether facts and circumstances exist that would indicate that the carrying amounts of property , plant and equipment might not be fully recoverable . if facts and circumstances indicate that the carrying amount of property , plant and equipment might not be fully recoverable , we compare projected undiscounted net cash flows associated with the related asset or group of assets over their estimated remaining useful lives against their respective carrying amounts . in the event that the projected undiscounted cash flows are not sufficient to recover the carrying value of the assets , the assets are written down to their estimated fair values based on the expected discounted future cash flows attributable to the assets . evaluation of impairment of property , plant and equipment requires estimates in the forecast of future operating results that are used in the preparation of the expected future undiscounted cash flows . actual future operating results and the remaining economic lives of our property , plant and equipment could differ from our estimates used in assessing the recoverability of these assets . these differences could result in impairment charges , which could have a material adverse impact on our results of operations . we recorded impairment charges of $ 30.1 million , $ 0.0 million and $ 8.3 million during fiscal years 2012 , 2011 and 2010 , respectively . intangible assets and goodwill we account for intangible assets in accordance with asc 360. we review goodwill and purchased intangible assets with indefinite lives for impairment annually and whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable , such as when reductions in demand or significant economic slowdowns in the semiconductor industry are present . intangible assets reviews are performed to determine whether the carrying value is impaired , based on comparisons to undiscounted expected future cash flows . if this comparison indicates that there is impairment , the impaired asset is written down to fair value , which is typically calculated using : ( i ) quoted market prices or ( ii ) discounted expected future cash flows utilizing a discount rate consistent with the guidance provided in fasb concepts statement no . 7 , using cash flow information and present value in accounting measurements . impairment is based on the excess of the carrying amount over the fair value of those assets . story_separator_special_tag % of net revenues , respectively . the decrease in other operating ( income ) expenses , net was attributable to a $ 173.0 million fiscal year 2010 charge in connection with an agreement to settle the class action complaint . see note 13 : commitments and contingencies . this was partially offset by a $ 14.3 million loss on the sale of our sunnyvale headquarters in the second quarter of fiscal year 2011. interest income ( expense ) and other , net interest ( expense ) income and other , net were $ ( 2.1 ) million in fiscal year 2012 and $ ( 11.4 ) million in fiscal year 2011 , which represented ( 0.1 ) % and ( 0.5 ) % of net revenues , respectively . the lower expense was attributable to more gain on derivatives , disposal of fixed assets and foreign currency translation of $ 3.5 million , $ 2.7 million and $ 1.7 million , respectively . interest ( expense ) income and other , net were $ ( 11.4 ) million in fiscal year 2011 and $ 8.0 million in fiscal year 2010 , which represented ( 0.5 ) % and 0.4 % of net revenues , respectively . the change was partially attributable to an increase of interest expense of $ 10.7 million related to our $ 300 million long-term debt issued in june 2010 , a $ 4.6 million increase in foreign exchange losses in 2011 as compared to foreign exchange gains in 2010 , and a reduction in interest income of $ 2.9 million resulting from lower average interest rates and reduced average cash and short term investment balances . provision for income taxes our annual income tax expense from continuing operations was $ 177.8 million , $ 172.7 million , and $ 174.9 million , in fiscal years 2012 , 2011 , and 2010 , respectively . the effective tax rate from continuing operations was 33.4 % , 26.1 % and 58.3 % for fiscal years 2012 , 2011 , and 2010 , respectively . the company 's federal statutory tax rate is 35 % . the company 's fiscal year 2012 effective tax rate was lower than the statutory tax rate primarily because of earnings of foreign 27 subsidiaries taxed at lower tax rates , partially offset by stock-based compensation for which no tax benefit is expected . the company 's fiscal year 2011 effective tax rate was lower than the statutory tax rate primarily because of a $ 39.4 million benefit for the realization of unrecognized tax benefits , including related interest , and earnings of foreign subsidiaries taxed at lower tax rates , partially offset by $ 8.1 million relating to fiscal year 2010 adjustments for differences between our finalized tax return and the tax provision originally recorded . the income tax provision for the fiscal year 2011 also included a $ 3.6 million one-time benefit for the retroactive extension of the u.s. federal research tax credit to january 1 , 2010 by legislation that was signed into law on december 17 , 2010. the fiscal year 2010 effective tax rate was higher than the statutory tax rate primarily because of losses of a foreign subsidiary for which no tax benefit was available . these foreign losses represent costs of ongoing research and development efforts as well as licensing rights to preexisting intangibles . discontinued operations in the third quarter of fiscal year 2012 , the company sold its clock synchronization business for a total sale price of approximately $ 44.0 million . the company also sold certain future technologies , including die types that will result in future products , in the storage area . the total sale price for this transaction was approximately $ 15.0 million . as a result of these two transactions , the company recognized a gain on sale of discontinued operations of $ 31.8 million , net of income taxes . recently issued accounting pronouncements in september 2011 , the financial accounting standards board ( `` fasb `` ) issued accounting standards update ( `` asu `` ) no . 2011-08 relating to intangibles-goodwill and other ( topic 350 ) -testing goodwill for impairment ( `` asu 2011-08 `` ) . the asu allows an entity to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value . if it is concluded that it is more likely than not , an entity is required to perform the currently prescribed two-step goodwill impairment test . otherwise , the two-step goodwill impairment test is not required . asu 2011-08 is effective for maxim in fiscal year 2013 and earlier adoption is permitted . in june 2011 , the fasb issued asu no . 2011-05 relating to comprehensive income ( topic 220 ) -presentation of comprehensive income , which requires an entity to present the total of comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . the asu is effective for maxim in fiscal year 2013 and should be applied retrospectively . financial condition , liquidity and capital resources financial condition cash flows were as follows : replace_table_token_7_th operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . cash from operations for the year 2012 decreased by approximately $ 104.7 million compared with fiscal year 2011 . this was due to a decrease in net income of $ 102.3 million , a decrease in deferred taxes of $ 109.3 million and a decrease in other accrued liabilities , other current assets , accounts receivables and gain from discontinued operations of $ 263.5 million over fiscal year 2012 . these decreases were offset by an increase in income

cash from operations for fiscal year 2011 increased by approximately $ 370.5 million compared with fiscal year 2010 . this was due to an increase in net income of $ 363.9 million , a reduction in the receivables by $ 167.5 million and a reduction in other current assets by $ 132.6 million , during fiscal year 2011 , as compared to fiscal year 2010 . these increases were offset by the payment of $ 173.0 million in july , 2010 relating to the litigation settlement , which was accrued for in fiscal year 2010 . ( for more information on contingencies , see note 13 to the consolidated financial statements accompanying this annual report ) . investing activities investing cash flows consist primarily of capital expenditures , net investment purchases and maturities and acquisitions . cash used in investing activities increased by $ 106.4 million for fiscal year 2012 compared with fiscal year 2011 . the increase was due primarily to an increase in net capital expenditures relating to property , plant and equipment of $ 99.8 million and an increase of $ 87.6 million relating to increased level of acquisitions . these increases were offset by $ 56.6 million in proceeds from sale of discontinued operations and a $ 24.7 million reduction in purchases of short-term investments . cash used in investing activities increased by $ 36.7 million for fiscal year 2011 compared with fiscal year 2010 . the increase was due primarily to $ 200.2 million proceeds from maturity of short-term investments in the fiscal year ended 2010 , that did not recur in fiscal year 2011 , $ 49.8 million relating to purchase of short-term investments and an increase of $ 26.5 million in net capital expenditures relating to property , plant and equipment , including the proceeds from the sale of our sunnyvale headquarters . the increase was offset by $ 235.9 million representing less cash used for acquisitions . financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders and withholding tax payments associated with net share settlements of equity awards .


 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 from operations for fiscal year 2011 increased by approximately $ 370.5 million compared with fiscal year 2010 . this was due to an increase in net income of $ 363.9 million , a reduction in the receivables by $ 167.5 million and a reduction in other current assets by $ 132.6 million , during fiscal year 2011 , as compared to fiscal year 2010 . these increases were offset by the payment of $ 173.0 million in july , 2010 relating to the litigation settlement , which was accrued for in fiscal year 2010 . ( for more information on contingencies , see note 13 to the consolidated financial statements accompanying this annual report ) . investing activities investing cash flows consist primarily of capital expenditures , net investment purchases and maturities and acquisitions . cash used in investing activities increased by $ 106.4 million for fiscal year 2012 compared with fiscal year 2011 . the increase was due primarily to an increase in net capital expenditures relating to property , plant and equipment of $ 99.8 million and an increase of $ 87.6 million relating to increased level of acquisitions . these increases were offset by $ 56.6 million in proceeds from sale of discontinued operations and a $ 24.7 million reduction in purchases of short-term investments . cash used in investing activities increased by $ 36.7 million for fiscal year 2011 compared with fiscal year 2010 . the increase was due primarily to $ 200.2 million proceeds from maturity of short-term investments in the fiscal year ended 2010 , that did not recur in fiscal year 2011 , $ 49.8 million relating to purchase of short-term investments and an increase of $ 26.5 million in net capital expenditures relating to property , plant and equipment , including the proceeds from the sale of our sunnyvale headquarters . the increase was offset by $ 235.9 million representing less cash used for acquisitions . financing activities financing cash flows consist primarily of repurchases of common stock , payment of dividends to stockholders and withholding tax payments associated with net share settlements of equity awards .
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 Suspicious Activity Report : the non-warranty product return privileges include allowing certain distributors to return a small portion of our products in their inventory based on their previous purchases . given the uncertainties associated with the levels of non-warranty product returns and sales price rebates that could be issued to certain distributors , the company defers recognition of such revenue and related cost of goods sold until receipt of notification from these distributors that product has been sold to their end-customers . accounts receivable from direct customers and distributors are recognized and inventory is relieved upon shipment as title to inventories generally transfers upon shipment at which point the company has a legally enforceable right to collection under normal terms . accounts receivable related to consigned inventory is recognized when the customer takes title to such inventory from its consigned location at which point inventory is relieved , title transfers , and the company has a legally enforceable right to collection under the terms of our agreement with the related customers . the company estimates potential future returns and sales allowances related to current period product revenue . management analyzes historical returns , changes in customer demand and acceptance of products when evaluating the adequacy of returns and sales allowances . estimates made by us may differ from actual returns and sales allowances . these differences may materially impact reported revenue and amounts ultimately collected on accounts receivable . historically , such differences have not been 22 material . at june 30 , 2012 and june 25 , 2011 , the company had $ 11.4 million and $ 16.0 million accrued for returns and allowances against accounts receivable , respectively . during fiscal years 2012 and 2011 , the company recorded $ 61.0 million and $ 74.5 million for estimated returns and allowances against revenues , respectively . these amounts were offset by $ 65.6 million and $ 73.5 million for actual returns and allowances given during fiscal years 2012 and 2011 , respectively . inventories inventories are stated at the lower of ( i ) standard cost , which approximates actual cost on a first-in-first-out basis , or ( ii ) market value . our standard cost revision policy is to continuously monitor manufacturing variances and quarterly revise standard costs . because of the cyclical nature of the market , inventory levels , obsolescence of technology , and product life cycles , we generally write-down inventories to net realizable value based on 12 months forecasted product demand . actual demand and market conditions may be lower than those projected by us . this difference could have a material adverse effect on our gross margin should inventory write-downs beyond those initially recorded become necessary . alternatively , should actual demand and market conditions be more favorable than those estimated by us , gross margin could be favorably impacted . historically , such differences have not been material . during fiscal years 2012 , 2011 and 2010 , we had inventory write-downs of $ 26.1 million , $ 13.8 million and $ 3.7 million , respectively . long-lived assets we evaluate the recoverability of property , plant and equipment in accordance with accounting standards codification ( `` asc `` ) no . 360 , accounting for the property , plant , and equipment ( `` asc 360 `` ) . we perform periodic reviews to determine whether facts and circumstances exist that would indicate that the carrying amounts of property , plant and equipment might not be fully recoverable . if facts and circumstances indicate that the carrying amount of property , plant and equipment might not be fully recoverable , we compare projected undiscounted net cash flows associated with the related asset or group of assets over their estimated remaining useful lives against their respective carrying amounts . in the event that the projected undiscounted cash flows are not sufficient to recover the carrying value of the assets , the assets are written down to their estimated fair values based on the expected discounted future cash flows attributable to the assets . evaluation of impairment of property , plant and equipment requires estimates in the forecast of future operating results that are used in the preparation of the expected future undiscounted cash flows . actual future operating results and the remaining economic lives of our property , plant and equipment could differ from our estimates used in assessing the recoverability of these assets . these differences could result in impairment charges , which could have a material adverse impact on our results of operations . we recorded impairment charges of $ 30.1 million , $ 0.0 million and $ 8.3 million during fiscal years 2012 , 2011 and 2010 , respectively . intangible assets and goodwill we account for intangible assets in accordance with asc 360. we review goodwill and purchased intangible assets with indefinite lives for impairment annually and whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable , such as when reductions in demand or significant economic slowdowns in the semiconductor industry are present . intangible assets reviews are performed to determine whether the carrying value is impaired , based on comparisons to undiscounted expected future cash flows . if this comparison indicates that there is impairment , the impaired asset is written down to fair value , which is typically calculated using : ( i ) quoted market prices or ( ii ) discounted expected future cash flows utilizing a discount rate consistent with the guidance provided in fasb concepts statement no . 7 , using cash flow information and present value in accounting measurements . impairment is based on the excess of the carrying amount over the fair value of those assets . story_separator_special_tag % of net revenues , respectively . the decrease in other operating ( income ) expenses , net was attributable to a $ 173.0 million fiscal year 2010 charge in connection with an agreement to settle the class action complaint . see note 13 : commitments and contingencies . this was partially offset by a $ 14.3 million loss on the sale of our sunnyvale headquarters in the second quarter of fiscal year 2011. interest income ( expense ) and other , net interest ( expense ) income and other , net were $ ( 2.1 ) million in fiscal year 2012 and $ ( 11.4 ) million in fiscal year 2011 , which represented ( 0.1 ) % and ( 0.5 ) % of net revenues , respectively . the lower expense was attributable to more gain on derivatives , disposal of fixed assets and foreign currency translation of $ 3.5 million , $ 2.7 million and $ 1.7 million , respectively . interest ( expense ) income and other , net were $ ( 11.4 ) million in fiscal year 2011 and $ 8.0 million in fiscal year 2010 , which represented ( 0.5 ) % and 0.4 % of net revenues , respectively . the change was partially attributable to an increase of interest expense of $ 10.7 million related to our $ 300 million long-term debt issued in june 2010 , a $ 4.6 million increase in foreign exchange losses in 2011 as compared to foreign exchange gains in 2010 , and a reduction in interest income of $ 2.9 million resulting from lower average interest rates and reduced average cash and short term investment balances . provision for income taxes our annual income tax expense from continuing operations was $ 177.8 million , $ 172.7 million , and $ 174.9 million , in fiscal years 2012 , 2011 , and 2010 , respectively . the effective tax rate from continuing operations was 33.4 % , 26.1 % and 58.3 % for fiscal years 2012 , 2011 , and 2010 , respectively . the company 's federal statutory tax rate is 35 % . the company 's fiscal year 2012 effective tax rate was lower than the statutory tax rate primarily because of earnings of foreign 27 subsidiaries taxed at lower tax rates , partially offset by stock-based compensation for which no tax benefit is expected . the company 's fiscal year 2011 effective tax rate was lower than the statutory tax rate primarily because of a $ 39.4 million benefit for the realization of unrecognized tax benefits , including related interest , and earnings of foreign subsidiaries taxed at lower tax rates , partially offset by $ 8.1 million relating to fiscal year 2010 adjustments for differences between our finalized tax return and the tax provision originally recorded . the income tax provision for the fiscal year 2011 also included a $ 3.6 million one-time benefit for the retroactive extension of the u.s. federal research tax credit to january 1 , 2010 by legislation that was signed into law on december 17 , 2010. the fiscal year 2010 effective tax rate was higher than the statutory tax rate primarily because of losses of a foreign subsidiary for which no tax benefit was available . these foreign losses represent costs of ongoing research and development efforts as well as licensing rights to preexisting intangibles . discontinued operations in the third quarter of fiscal year 2012 , the company sold its clock synchronization business for a total sale price of approximately $ 44.0 million . the company also sold certain future technologies , including die types that will result in future products , in the storage area . the total sale price for this transaction was approximately $ 15.0 million . as a result of these two transactions , the company recognized a gain on sale of discontinued operations of $ 31.8 million , net of income taxes . recently issued accounting pronouncements in september 2011 , the financial accounting standards board ( `` fasb `` ) issued accounting standards update ( `` asu `` ) no . 2011-08 relating to intangibles-goodwill and other ( topic 350 ) -testing goodwill for impairment ( `` asu 2011-08 `` ) . the asu allows an entity to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value . if it is concluded that it is more likely than not , an entity is required to perform the currently prescribed two-step goodwill impairment test . otherwise , the two-step goodwill impairment test is not required . asu 2011-08 is effective for maxim in fiscal year 2013 and earlier adoption is permitted . in june 2011 , the fasb issued asu no . 2011-05 relating to comprehensive income ( topic 220 ) -presentation of comprehensive income , which requires an entity to present the total of comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . the asu is effective for maxim in fiscal year 2013 and should be applied retrospectively . financial condition , liquidity and capital resources financial condition cash flows were as follows : replace_table_token_7_th operating activities cash provided by operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities . cash from operations for the year 2012 decreased by approximately $ 104.7 million compared with fiscal year 2011 . this was due to a decrease in net income of $ 102.3 million , a decrease in deferred taxes of $ 109.3 million and a decrease in other accrued liabilities , other current assets , accounts receivables and gain from discontinued operations of $ 263.5 million over fiscal year 2012 . these decreases were offset by an increase in income

