we have been consistently profitable since our inception , achieving 46 consecutive quarters of profitable operations . revenues our total revenues increased by $ 237.9 million , or 47.0 % , to $ 743.6 million for fiscal 2011 , as compared to $ 505.7 million for fiscal 2010. we generated substantially all of our total revenues during fiscal 2011 from the optical communications , industrial lasers and sensors markets . since fiscal 2008 , our revenues from products for markets other than the optical communications market have increased substantially . our revenues from lasers , sensors and other markets as a percentage of total revenues have increased from 7.9 % for fiscal 2009 , to 18.3 % for fiscal 2010 to 20.9 % for fiscal 2011. we expect that industrial lasers and sensors will represent an increasing portion of our revenues in the future . because our share of the available business in the industrial lasers and sensors end-markets is presently small , we hope to grow our business in those end-markets in excess of industry growth forecasts . we believe our ability to expand our relationships with existing customers and attract new customers is due to a number of factors , including our broad range of complex engineering and manufacturing service offerings , flexible low-cost manufacturing platform , process optimization capabilities , advanced supply chain management , excellent customer service and experienced management team . we expect the prices we charge for the products we manufacture for our customers to decrease over time due in part to competitive market forces . however , we believe we will be able to maintain favorable pricing for our services due to our ability to reduce cycle time , adjust our product mix by focusing on more complicated products , improve yields , and reduce material costs for the products we manufacture . we believe these capabilities have enabled us to help our oem customers reduce their manufacturing costs while maintaining or improving the design , quality , reliability and delivery times for their products . revenues , by percentage , from individual customers representing 10 % or more of our total revenues in the respective periods were as follows : replace_table_token_5_th * less than 10 % of total revenues in the period . # pursuant to the merger of avanex corporation and bookham , inc. ( both customers of fabrinet ) on april 27 , 2009 , bookham , inc. changed its name to oclaro , inc. these figures represent the combined revenues of bookham , inc. and avanex corporation . 34 during fiscal 2011 and fiscal 2010 , we had four customers and five customers , respectively , that each contributed 10 % or more of our total revenues , and such customers together accounted for 58 % and 69 % , respectively , of our total revenues during the periods . during fiscal 2009 , we had five customers that each contributed 10 % or more of our total revenues . revenues , related parties revenues , related parties , represents revenues from our manufacturing of optical communications products for jds uniphase corporation ( or jdsu ) and finisar corporation ( or finisar ) , a classification required by rule 4-08 ( k ) of regulation s-x under the exchange act . jdsu is classified as a related party for fiscal 2009 because it held 6.4 % of our share capital on a fully diluted basis as of june 26 , 2009. in fiscal 2010 , jdsu participated in our initial public offering as a selling shareholder and sold 1,606,850 ordinary shares , which reduced its share ownership to 1.1 % ( fully diluted ) as of june 25 , 2010. therefore , jdsu was no longer classified as a related party as of june 25 , 2010. on july 6 , 2010 , jdsu sold all of its remaining 393,150 ordinary shares pursuant to the underwriters ' option to purchase additional shares . our balance sheet as of june 25 , 2010 does not reflect jdsu as a related party . however , as jdsu was considered a related party for most of fiscal 2010 , our statement of operations for fiscal 2010 includes jdsu in revenues , related parties . as of august 29 , 2008 , finisar was no longer classified as a related party because frank h. levinson , a member of our board of directors , terminated his service on finisar 's board of directors in august 2008. revenues by geography we generate revenues from three geographic regions : north america , asia-pacific and europe . revenues are attributed to a particular geographic area based on the bill-to location of our customers , notwithstanding that our customers may ultimately ship their products to end customers in a different geographic region . virtually all of our revenues are derived from our manufacturing facilities in asia-pacific . the percentage of our revenues generated from the bill-to location outside of north america has increased from 38.5 % in fiscal 2009 to 56.4 % in fiscal 2011 , primarily as a result of increasing sales in asia-pacific and europe . we expect that an increasing portion of our revenues will come from the bill-to location outside of north america in the future . the following table presents total revenues , by percentage , by geographic regions : replace_table_token_6_th our contracts we enter into supply agreements with our customers that generally have an initial term of up to three years . although there are no minimum purchase requirements in our supply agreements , our customers do provide us with rolling forecasts of their demand requirements . our supply agreements generally include provisions for pricing and periodic review of pricing , consignment of our customer 's unique production equipment to us and sharing benefits from cost-savings derived from our efforts . story_separator_special_tag we continually evaluate these estimates and assumptions based on the most recently available information , our own historical experience and on various other assumptions that we believe to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . because the use of estimates is an integral component of the financial reporting process , actual results could differ from those estimates . some of our accounting policies require higher degrees of judgment than others in their application . we consider the policies discussed below to be critical to an understanding of our consolidated financial statements as their application places the most significant demands on our management 's judgment . a quantitative sensitivity analysis is provided where such information is reasonably available , can be reliably estimated and provides material information to investors . the amounts used to assess sensitivity are included for illustrative purposes only and do not represent management 's predictions of variability . long-lived assets we review property , plant and equipment for impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . an impairment loss is recognized when the carrying amount of a long-lived asset exceeds its fair value . recoverability of property and equipment is measured by comparing its carrying amount to the projected undiscounted cash flows the property and equipment are expected to generate . if such assets are considered to be impaired , the impairment loss recognized , if any , is the amount by which the carrying amount of the property and equipment exceeds its fair value . as of the end of fiscal 2011 , fiscal 2010 and fiscal 2009 , there were no triggering events that required an assessment of our long-lived assets for impairment . allowance for doubtful accounts we perform ongoing credit evaluations of our customers ' financial condition and make provisions for doubtful accounts based on the outcome of these credit evaluations . we evaluate the collectability of our accounts receivable based on specific customer circumstances , current economic trends , historical experience with collections and the age of past due receivables . unanticipated changes in the liquidity or financial position of our customers may require additional provisions for doubtful accounts . under our specific identification method it is not practical to assess the sensitivity of our estimates . inventory valuation our inventories are stated at the lower of cost , on a first-in , first-out basis , or market value . our industry is characterized by rapid technological change , short-term customer commitments and rapid changes in demand . we make provisions for estimated excess and obsolete inventory based on regular reviews of inventory quantities on hand and the latest forecasts of product demand and production requirements from our customers . if actual market conditions or our customers ' product demands are less favorable than those projected , additional provisions may be required . in addition , unanticipated changes in liquidity or the financial position of our customers or changes in economic conditions may require additional provisions for inventories due to our customers ' inability to fulfill their contractual obligations . during fiscal 2011 and fiscal 2010 , a change of 10 % for excess and obsolete materials , based on product demand and production requirements from our customers , would have affected our net income in each period by approximately $ 0.2 million and $ 0.2 million , respectively . deferred income taxes our deferred income tax assets represent temporary differences between the carrying amount and the tax basis of existing assets and liabilities that will result in deductible amounts in future years , including net 40 operating loss carry forwards . based on estimates , the carrying value of our net deferred tax assets assumes that it is more likely than not that we will be able to generate sufficient future taxable income in certain tax jurisdictions to realize these deferred income tax assets . our judgments regarding future profitability may change due to future market conditions , changes in u.s. or international tax laws and other factors . if these estimates and related assumptions change in the future , we may be required to increase or decrease our valuation allowance against the deferred tax assets resulting in additional or lesser income tax expense . as of june 24 , 2011 and june 25 , 2010 , we assessed all of our deferred tax assets as more likely than not to be realizable and , accordingly , did not have a valuation allowance against our deferred tax assets . we assess tax positions in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for interim or annual periods , based on the technical merits of the position . we apply a more likely than not basis ( i.e . , a likelihood greater than 50 percent ) , in accordance with fasb asc 740-10 , and recognize a tax provision in the financial statements for an uncertain tax position that would not be sustained . share-based compensation effective july 1 , 2006 , we adopted the fair value recognition provisions of fasb asc topic 718 , compensationstock compensation ( fasb asc 718 ) . under the fair value recognition provisions of fasb asc 718 , we applied the prospective transition method and measured share-based compensation expense at fair value on the later of the awards ' grant date or board of directors ' approval date , based on the estimated number of awards that are expected to vest . awards granted ( or modified , repurchased , or cancelled ) after the adoption of fasb asc 718 are accounted for by recognizing the cost of employee services received in exchange for awards of

liquidity and capital resources to date , we have primarily financed our operations through the sale of ordinary shares to investors in march 2000 , the sale of our ordinary shares in our initial public offering in june 2010 , cash flow from operations and 45 commercial loans . as of june 24 , 2011 , we had approximately $ 127.3 million in cash and cash equivalents and approximately $ 16.4 million of outstanding debt . as of june 25 , 2010 , we had approximately $ 84.9 million in cash and cash equivalents and approximately $ 20.4 million of outstanding debt . the increase in our cash and cash equivalents was primarily due to net proceeds from our initial public offering of $ 26.3 million . our cash and cash equivalents primarily consist of cash on hand , demand deposits and liquid investments with original maturities of three months or less which are placed with banks and other financial institutions . for fiscal 2011 and fiscal 2010 , the weighted average interest rate on our cash and cash equivalents was 0.6 % and 0.4 % , respectively . we believe that our current cash and cash equivalents , short-term investments and cash flow from operations will be sufficient to meet our anticipated cash needs , including for working capital and capital expenditures , for at least the next 12 months . our cash flows from operations have generally been sufficient to internally fund our working capital requirements in recent years . additionally , we have access to short-term credit facilities of approximately $ 50.5 million to support any unanticipated liquidity requirements . historically , our internally generated working capital and short-term credit facilities have been adequate to support our liquidity requirements .


 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.
     ```liquidity and capital resources to date , we have primarily financed our operations through the sale of ordinary shares to investors in march 2000 , the sale of our ordinary shares in our initial public offering in june 2010 , cash flow from operations and 45 commercial loans . as of june 24 , 2011 , we had approximately $ 127.3 million in cash and cash equivalents and approximately $ 16.4 million of outstanding debt . as of june 25 , 2010 , we had approximately $ 84.9 million in cash and cash equivalents and approximately $ 20.4 million of outstanding debt . the increase in our cash and cash equivalents was primarily due to net proceeds from our initial public offering of $ 26.3 million . our cash and cash equivalents primarily consist of cash on hand , demand deposits and liquid investments with original maturities of three months or less which are placed with banks and other financial institutions . for fiscal 2011 and fiscal 2010 , the weighted average interest rate on our cash and cash equivalents was 0.6 % and 0.4 % , respectively . we believe that our current cash and cash equivalents , short-term investments and cash flow from operations will be sufficient to meet our anticipated cash needs , including for working capital and capital expenditures , for at least the next 12 months . our cash flows from operations have generally been sufficient to internally fund our working capital requirements in recent years . additionally , we have access to short-term credit facilities of approximately $ 50.5 million to support any unanticipated liquidity requirements . historically , our internally generated working capital and short-term credit facilities have been adequate to support our liquidity requirements .
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 Suspicious Activity Report : we have been consistently profitable since our inception , achieving 46 consecutive quarters of profitable operations . revenues our total revenues increased by $ 237.9 million , or 47.0 % , to $ 743.6 million for fiscal 2011 , as compared to $ 505.7 million for fiscal 2010. we generated substantially all of our total revenues during fiscal 2011 from the optical communications , industrial lasers and sensors markets . since fiscal 2008 , our revenues from products for markets other than the optical communications market have increased substantially . our revenues from lasers , sensors and other markets as a percentage of total revenues have increased from 7.9 % for fiscal 2009 , to 18.3 % for fiscal 2010 to 20.9 % for fiscal 2011. we expect that industrial lasers and sensors will represent an increasing portion of our revenues in the future . because our share of the available business in the industrial lasers and sensors end-markets is presently small , we hope to grow our business in those end-markets in excess of industry growth forecasts . we believe our ability to expand our relationships with existing customers and attract new customers is due to a number of factors , including our broad range of complex engineering and manufacturing service offerings , flexible low-cost manufacturing platform , process optimization capabilities , advanced supply chain management , excellent customer service and experienced management team . we expect the prices we charge for the products we manufacture for our customers to decrease over time due in part to competitive market forces . however , we believe we will be able to maintain favorable pricing for our services due to our ability to reduce cycle time , adjust our product mix by focusing on more complicated products , improve yields , and reduce material costs for the products we manufacture . we believe these capabilities have enabled us to help our oem customers reduce their manufacturing costs while maintaining or improving the design , quality , reliability and delivery times for their products . revenues , by percentage , from individual customers representing 10 % or more of our total revenues in the respective periods were as follows : replace_table_token_5_th * less than 10 % of total revenues in the period . # pursuant to the merger of avanex corporation and bookham , inc. ( both customers of fabrinet ) on april 27 , 2009 , bookham , inc. changed its name to oclaro , inc. these figures represent the combined revenues of bookham , inc. and avanex corporation . 34 during fiscal 2011 and fiscal 2010 , we had four customers and five customers , respectively , that each contributed 10 % or more of our total revenues , and such customers together accounted for 58 % and 69 % , respectively , of our total revenues during the periods . during fiscal 2009 , we had five customers that each contributed 10 % or more of our total revenues . revenues , related parties revenues , related parties , represents revenues from our manufacturing of optical communications products for jds uniphase corporation ( or jdsu ) and finisar corporation ( or finisar ) , a classification required by rule 4-08 ( k ) of regulation s-x under the exchange act . jdsu is classified as a related party for fiscal 2009 because it held 6.4 % of our share capital on a fully diluted basis as of june 26 , 2009. in fiscal 2010 , jdsu participated in our initial public offering as a selling shareholder and sold 1,606,850 ordinary shares , which reduced its share ownership to 1.1 % ( fully diluted ) as of june 25 , 2010. therefore , jdsu was no longer classified as a related party as of june 25 , 2010. on july 6 , 2010 , jdsu sold all of its remaining 393,150 ordinary shares pursuant to the underwriters ' option to purchase additional shares . our balance sheet as of june 25 , 2010 does not reflect jdsu as a related party . however , as jdsu was considered a related party for most of fiscal 2010 , our statement of operations for fiscal 2010 includes jdsu in revenues , related parties . as of august 29 , 2008 , finisar was no longer classified as a related party because frank h. levinson , a member of our board of directors , terminated his service on finisar 's board of directors in august 2008. revenues by geography we generate revenues from three geographic regions : north america , asia-pacific and europe . revenues are attributed to a particular geographic area based on the bill-to location of our customers , notwithstanding that our customers may ultimately ship their products to end customers in a different geographic region . virtually all of our revenues are derived from our manufacturing facilities in asia-pacific . the percentage of our revenues generated from the bill-to location outside of north america has increased from 38.5 % in fiscal 2009 to 56.4 % in fiscal 2011 , primarily as a result of increasing sales in asia-pacific and europe . we expect that an increasing portion of our revenues will come from the bill-to location outside of north america in the future . the following table presents total revenues , by percentage , by geographic regions : replace_table_token_6_th our contracts we enter into supply agreements with our customers that generally have an initial term of up to three years . although there are no minimum purchase requirements in our supply agreements , our customers do provide us with rolling forecasts of their demand requirements . our supply agreements generally include provisions for pricing and periodic review of pricing , consignment of our customer 's unique production equipment to us and sharing benefits from cost-savings derived from our efforts . story_separator_special_tag we continually evaluate these estimates and assumptions based on the most recently available information , our own historical experience and on various other assumptions that we believe to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . because the use of estimates is an integral component of the financial reporting process , actual results could differ from those estimates . some of our accounting policies require higher degrees of judgment than others in their application . we consider the policies discussed below to be critical to an understanding of our consolidated financial statements as their application places the most significant demands on our management 's judgment . a quantitative sensitivity analysis is provided where such information is reasonably available , can be reliably estimated and provides material information to investors . the amounts used to assess sensitivity are included for illustrative purposes only and do not represent management 's predictions of variability . long-lived assets we review property , plant and equipment for impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . an impairment loss is recognized when the carrying amount of a long-lived asset exceeds its fair value . recoverability of property and equipment is measured by comparing its carrying amount to the projected undiscounted cash flows the property and equipment are expected to generate . if such assets are considered to be impaired , the impairment loss recognized , if any , is the amount by which the carrying amount of the property and equipment exceeds its fair value . as of the end of fiscal 2011 , fiscal 2010 and fiscal 2009 , there were no triggering events that required an assessment of our long-lived assets for impairment . allowance for doubtful accounts we perform ongoing credit evaluations of our customers ' financial condition and make provisions for doubtful accounts based on the outcome of these credit evaluations . we evaluate the collectability of our accounts receivable based on specific customer circumstances , current economic trends , historical experience with collections and the age of past due receivables . unanticipated changes in the liquidity or financial position of our customers may require additional provisions for doubtful accounts . under our specific identification method it is not practical to assess the sensitivity of our estimates . inventory valuation our inventories are stated at the lower of cost , on a first-in , first-out basis , or market value . our industry is characterized by rapid technological change , short-term customer commitments and rapid changes in demand . we make provisions for estimated excess and obsolete inventory based on regular reviews of inventory quantities on hand and the latest forecasts of product demand and production requirements from our customers . if actual market conditions or our customers ' product demands are less favorable than those projected , additional provisions may be required . in addition , unanticipated changes in liquidity or the financial position of our customers or changes in economic conditions may require additional provisions for inventories due to our customers ' inability to fulfill their contractual obligations . during fiscal 2011 and fiscal 2010 , a change of 10 % for excess and obsolete materials , based on product demand and production requirements from our customers , would have affected our net income in each period by approximately $ 0.2 million and $ 0.2 million , respectively . deferred income taxes our deferred income tax assets represent temporary differences between the carrying amount and the tax basis of existing assets and liabilities that will result in deductible amounts in future years , including net 40 operating loss carry forwards . based on estimates , the carrying value of our net deferred tax assets assumes that it is more likely than not that we will be able to generate sufficient future taxable income in certain tax jurisdictions to realize these deferred income tax assets . our judgments regarding future profitability may change due to future market conditions , changes in u.s. or international tax laws and other factors . if these estimates and related assumptions change in the future , we may be required to increase or decrease our valuation allowance against the deferred tax assets resulting in additional or lesser income tax expense . as of june 24 , 2011 and june 25 , 2010 , we assessed all of our deferred tax assets as more likely than not to be realizable and , accordingly , did not have a valuation allowance against our deferred tax assets . we assess tax positions in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for interim or annual periods , based on the technical merits of the position . we apply a more likely than not basis ( i.e . , a likelihood greater than 50 percent ) , in accordance with fasb asc 740-10 , and recognize a tax provision in the financial statements for an uncertain tax position that would not be sustained . share-based compensation effective july 1 , 2006 , we adopted the fair value recognition provisions of fasb asc topic 718 , compensationstock compensation ( fasb asc 718 ) . under the fair value recognition provisions of fasb asc 718 , we applied the prospective transition method and measured share-based compensation expense at fair value on the later of the awards ' grant date or board of directors ' approval date , based on the estimated number of awards that are expected to vest . awards granted ( or modified , repurchased , or cancelled ) after the adoption of fasb asc 718 are accounted for by recognizing the cost of employee services received in exchange for awards of

