our significant accounting policies are discussed in note 1 to our consolidated financial statements , included herein at part ii , item 8. the preparation of these financial statements requires us to make estimates , judgments and assumptions that affect the 18 reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . on an ongoing basis , we evaluate our estimates , including those related to inventory valuation , including lifo reserves , the allowance for doubtful accounts , deferred tax assets , liabilities relating to retirement benefits , liabilities resulting from self-insurance , tax liabilities and litigation . we base our estimates , judgments and assumptions on historical experience and other relevant factors that are believed to be reasonable based on information available to us at the time these estimates are made . while we believe that the historical experience and other factors considered provide a meaningful basis for the accounting policies applied in the preparation of the consolidated financial statements , actual results may differ from these estimates , which could require us to make adjustments to these estimates in future periods . we believe that the estimates , judgments and assumptions involved in the accounting policies described below require the most subjective judgment and have the greatest potential impact on our financial statements , so we consider these to be our critical accounting policies . our senior management has reviewed the development and selection of these critical accounting policies and estimates , and their related disclosure in this report , with the audit committee of our board of directors . coffee brewing equipment and service we classify certain expenses related to coffee brewing equipment provided to customers as cost of goods sold . these costs include the cost of the equipment as well as the cost of servicing that equipment ( including service employees ' salaries , cost of transportation and the cost of supplies and parts ) and are considered directly attributable to the generation of revenues from our customers . we capitalize coffee brewing equipment and depreciate it over a three or five year period , depending on the assessment of its useful life and report the depreciation expense in cost of goods sold . investments our investments consist of money market instruments , marketable debt , equity and hybrid securities . investments are held for trading purposes and stated at fair value . the cost of investments sold is determined on the specific identification method . dividend and interest income are accrued as earned . exposure to commodity price fluctuations and derivative instruments our primary raw material is green coffee , an agricultural commodity . green coffee prices are determined by worldwide forces of supply and demand , and , as a result , green coffee prices are volatile . average coffee “ c ” market prices per pound for the fiscal years ended june 30 , 2014 , 2013 and 2012 were $ 1.75 , $ 1.51 and $ 2.16 , respectively . while the “ c ” market experienced a significant drop during the first two quarters of the fiscal year ended june 30 , 2014 , `` c `` market prices increased sharply in the third quarter of the fiscal year . in the fiscal year ended june 30 , 2013 `` c `` market prices declined approximately 30.1 % from the prior fiscal year . in general , increases in the price of green coffee could cause our cost of goods sold to increase and , if not offset by product price increases , could negatively affect our financial condition and results of operations . as a result , our business model strives to reduce the impact of green coffee price fluctuations on our financial results and to protect and stabilize our margins , principally through customer arrangements and derivative instruments . customers generally pay for our products based either on a price schedule that we announce or on a commodity-based pricing mechanism whereby the changes in green coffee commodity costs are passed through to the customer . the pricing schedule is generally subject to adjustment , either on contractual terms or in accordance with periodic product price adjustments , typically monthly , resulting in , at the least , a 30-day lag in our ability to correlate the changes in our prices with fluctuations in the cost of raw materials and other inputs . approximately 40 % of our roast and ground coffee volume for the fiscal year ended june 30 , 2014 was based on a price schedule . approximately 60 % of our roast and ground coffee volume for the fiscal year ended june 30 , 2014 was sold to customers under commodity-based pricing arrangements . consequently , while our revenues can fluctuate significantly as green coffee prices change , we would expect the impact of these price changes on our profitability to be less significant . in addition to our customer arrangements , we utilize derivative instruments to reduce further the impact of changing green coffee commodity prices . we purchase exchange-traded coffee-related derivative instruments to enable us to lock in the price of green coffee commodity purchases , typically three months in advance of the delivery date . these derivative instruments may be entered into at the direction of the customer under commodity-based pricing arrangements to effectively lock in the purchase price of green coffee under such customer arrangements , in certain cases up to 18 to 24 months or longer in the future . notwithstanding this customer direction , pursuant to accounting standards codification 815 , “ derivatives and hedging ” ( “ asc 815 ” ) , we are considered the owner of these derivative instruments and , therefore , we are required to account 19 for them as such . story_separator_special_tag for the fiscal year ended june 30 , 2014 , we made $ 1.3 million in contributions to our single employer defined benefit pension plans and recorded $ 2.3 million in reduction in pension expense . we expect to make approximately $ 2.6 million in contributions to our single employer defined benefit pension plans in fiscal 2015 and accrue a credit to pension expense of approximately $ 34,000 per year beginning in fiscal 2015 . these pension contributions are expected to continue at this level for several years ; however a deterioration in the current economic environment would increase the risk that we may be required to make larger contributions in the future . the following chart quantifies the effect on the projected benefit obligation and the net periodic benefit cost of a change in the discount rate assumption and the impact on the net periodic benefit cost of a change in the assumed rate of return on plan assets under our single employer defined benefit pension plans for fiscal 2015 : replace_table_token_3_th postretirement benefits we sponsor a postretirement defined benefit plan that covers qualified non-union retirees and certain qualified union retirees . the plan provides medical , dental and vision coverage for retirees under age 65 and medical coverage only for retirees age 65 and above . under this postretirement plan , our contributions toward premiums for retiree medical , dental and vision coverage for participants and dependents are scaled based on length of service , with greater company contributions for retirees with greater length of service , subject to a maximum monthly company contribution . our retiree medical , dental and vision plan is unfunded , and its liability was calculated using an assumed discount rate of 4.3 % at june 30 , 2014 . we project an initial medical trend rate of 8.0 % in fiscal 2014 , ultimately reducing to 4.5 % in 10 years . we also provide a postretirement death benefit to certain of our employees and retirees , subject , in the case of current employees , to continued employment with the company until retirement , and certain other conditions related to the manner of 23 employment termination and manner of death . we record the actuarially determined liability for the present value of the postretirement death benefit . we have purchased life insurance policies to fund the postretirement death benefit wherein we own the policy but the postretirement death benefit is paid to the employee 's or retiree 's beneficiary . we record an asset for the fair value of the life insurance policies which equates to the cash surrender value of the policies . share-based compensation we measure all share-based compensation cost at the grant date , based on the fair value of the award , and recognize that cost as an expense in our consolidated statements of operations over the requisite service period . the process of estimating the fair value of share-based compensation awards and recognizing share-based compensation cost over the requisite service period involves significant assumptions and judgments . we estimate the fair value of stock option awards on the date of grant using the black-scholes valuation model which requires that we make certain assumptions regarding : ( i ) the expected volatility in the market price of our common stock ; ( ii ) dividend yield ; ( iii ) risk-free interest rates ; and ( iv ) the period of time employees are expected to hold the award prior to exercise ( referred to as the expected holding period ) . in addition , we estimate the expected impact of forfeited awards and recognize share-based compensation cost only for those awards ultimately expected to vest . if actual forfeiture rates differ materially from our estimates , share-based compensation expense could differ significantly from the amounts we have recorded in the current period . we will periodically review actual forfeiture experience and revise our estimates , as necessary . we will recognize as compensation cost the cumulative effect of the change in estimated forfeiture rates on current and prior periods in earnings of the period of revision . as a result , if we revise our assumptions and estimates , our share-based compensation expense could change materially in the future . in fiscal 2014 and 2013 , we used an estimated 6.5 % annual forfeiture rate to calculate share-based compensation expense based on actual forfeiture experience . we have outstanding share-based awards that have performance-based vesting conditions in addition to time-based vesting . awards with performance-based vesting conditions require the achievement of certain financial and other performance criteria as a condition to the vesting . we recognize the estimated fair value of performance-based awards , net of estimated forfeitures , as share-based compensation expense over the performance period based upon our determination of whether it is probable that the performance targets will be achieved . at each reporting period , we reassess the probability of achieving the performance criteria and the performance period required to meet those targets . determining whether the performance criteria will be achieved involves judgment , and the estimate of share-based compensation expense may be revised periodically based on changes in the probability of achieving the performance criteria . revisions are reflected in the period in which the estimate is changed . if performance goals are not met , no share-based compensation expense is recognized , and , to the extent share-based compensation expense was previously recognized , such share-based compensation expense is reversed . income taxes deferred income taxes are determined based on the temporary differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse . estimating our tax liabilities involves judgments related to uncertainties in the application of complex tax regulations . we make certain estimates and judgments to determine tax expense for financial statement purposes as we evaluate the effect of

net cash used in financing activities was $ 22.8 million in fiscal 2014 compared to $ 12.9 million in fiscal 2013 and $ 5.8 million in fiscal 2012 . net cash used in financing activities in fiscal 2014 included net repayments on our credit facility of $ 20.6 million partially offset by $ 1.5 million in proceeds from stock option exercises , compared to net repayments of $ 10.8 million , partially offset by $ 1.2 million in proceeds from stock option exercises in fiscal 2013. net repayments on our credit facility in fiscal 2012 were $ 4.0 million . in fiscal 2014 , we capitalized $ 25.3 million in property , plant and equipment purchases which included $ 13.6 million in expenditures to replace normal wear and tear of coffee brewing equipment , $ 0.7 million in building and facility improvements , $ 9.3 million in expenditures for vehicles , and machinery and equipment , and $ 1.7 million in information technology related expenditures . the increase in cash outflows for property , plant and equipment compared to the prior fiscal year was primarily due to increases in the purchase of coffee brewing equipment and replacement vehicles . our expected capital expenditures for fiscal 2015 include expenditures to replace normal wear and tear of coffee brewing equipment , vehicles , and machinery and equipment , and are expected to be below fiscal 2014 levels on the basis of our current operations . 26 our working capital is composed of the following : replace_table_token_4_th ( 1 ) includes $ 5.2 million in coffee-related short-term derivative assets at june 30 , 2014 and $ 8.1 million in restricted cash at june 30 , 2013 . ( 2 ) includes $ 9.9 million in coffee-related short-term derivative liabilities at june 30 , 2013. liquidity information : replace_table_token_5_th results of operations fiscal years ended june 30 , 2014 and 2013 overview in fiscal 2014 , green coffee commodity prices continued to fall during the first two quarters and rose sharply in the third quarter and fuel costs remained high .


 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.
     ```net cash used in financing activities was $ 22.8 million in fiscal 2014 compared to $ 12.9 million in fiscal 2013 and $ 5.8 million in fiscal 2012 . net cash used in financing activities in fiscal 2014 included net repayments on our credit facility of $ 20.6 million partially offset by $ 1.5 million in proceeds from stock option exercises , compared to net repayments of $ 10.8 million , partially offset by $ 1.2 million in proceeds from stock option exercises in fiscal 2013. net repayments on our credit facility in fiscal 2012 were $ 4.0 million . in fiscal 2014 , we capitalized $ 25.3 million in property , plant and equipment purchases which included $ 13.6 million in expenditures to replace normal wear and tear of coffee brewing equipment , $ 0.7 million in building and facility improvements , $ 9.3 million in expenditures for vehicles , and machinery and equipment , and $ 1.7 million in information technology related expenditures . the increase in cash outflows for property , plant and equipment compared to the prior fiscal year was primarily due to increases in the purchase of coffee brewing equipment and replacement vehicles . our expected capital expenditures for fiscal 2015 include expenditures to replace normal wear and tear of coffee brewing equipment , vehicles , and machinery and equipment , and are expected to be below fiscal 2014 levels on the basis of our current operations . 26 our working capital is composed of the following : replace_table_token_4_th ( 1 ) includes $ 5.2 million in coffee-related short-term derivative assets at june 30 , 2014 and $ 8.1 million in restricted cash at june 30 , 2013 . ( 2 ) includes $ 9.9 million in coffee-related short-term derivative liabilities at june 30 , 2013. liquidity information : replace_table_token_5_th results of operations fiscal years ended june 30 , 2014 and 2013 overview in fiscal 2014 , green coffee commodity prices continued to fall during the first two quarters and rose sharply in the third quarter and fuel costs remained high .
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 Suspicious Activity Report : our significant accounting policies are discussed in note 1 to our consolidated financial statements , included herein at part ii , item 8. the preparation of these financial statements requires us to make estimates , judgments and assumptions that affect the 18 reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . on an ongoing basis , we evaluate our estimates , including those related to inventory valuation , including lifo reserves , the allowance for doubtful accounts , deferred tax assets , liabilities relating to retirement benefits , liabilities resulting from self-insurance , tax liabilities and litigation . we base our estimates , judgments and assumptions on historical experience and other relevant factors that are believed to be reasonable based on information available to us at the time these estimates are made . while we believe that the historical experience and other factors considered provide a meaningful basis for the accounting policies applied in the preparation of the consolidated financial statements , actual results may differ from these estimates , which could require us to make adjustments to these estimates in future periods . we believe that the estimates , judgments and assumptions involved in the accounting policies described below require the most subjective judgment and have the greatest potential impact on our financial statements , so we consider these to be our critical accounting policies . our senior management has reviewed the development and selection of these critical accounting policies and estimates , and their related disclosure in this report , with the audit committee of our board of directors . coffee brewing equipment and service we classify certain expenses related to coffee brewing equipment provided to customers as cost of goods sold . these costs include the cost of the equipment as well as the cost of servicing that equipment ( including service employees ' salaries , cost of transportation and the cost of supplies and parts ) and are considered directly attributable to the generation of revenues from our customers . we capitalize coffee brewing equipment and depreciate it over a three or five year period , depending on the assessment of its useful life and report the depreciation expense in cost of goods sold . investments our investments consist of money market instruments , marketable debt , equity and hybrid securities . investments are held for trading purposes and stated at fair value . the cost of investments sold is determined on the specific identification method . dividend and interest income are accrued as earned . exposure to commodity price fluctuations and derivative instruments our primary raw material is green coffee , an agricultural commodity . green coffee prices are determined by worldwide forces of supply and demand , and , as a result , green coffee prices are volatile . average coffee “ c ” market prices per pound for the fiscal years ended june 30 , 2014 , 2013 and 2012 were $ 1.75 , $ 1.51 and $ 2.16 , respectively . while the “ c ” market experienced a significant drop during the first two quarters of the fiscal year ended june 30 , 2014 , `` c `` market prices increased sharply in the third quarter of the fiscal year . in the fiscal year ended june 30 , 2013 `` c `` market prices declined approximately 30.1 % from the prior fiscal year . in general , increases in the price of green coffee could cause our cost of goods sold to increase and , if not offset by product price increases , could negatively affect our financial condition and results of operations . as a result , our business model strives to reduce the impact of green coffee price fluctuations on our financial results and to protect and stabilize our margins , principally through customer arrangements and derivative instruments . customers generally pay for our products based either on a price schedule that we announce or on a commodity-based pricing mechanism whereby the changes in green coffee commodity costs are passed through to the customer . the pricing schedule is generally subject to adjustment , either on contractual terms or in accordance with periodic product price adjustments , typically monthly , resulting in , at the least , a 30-day lag in our ability to correlate the changes in our prices with fluctuations in the cost of raw materials and other inputs . approximately 40 % of our roast and ground coffee volume for the fiscal year ended june 30 , 2014 was based on a price schedule . approximately 60 % of our roast and ground coffee volume for the fiscal year ended june 30 , 2014 was sold to customers under commodity-based pricing arrangements . consequently , while our revenues can fluctuate significantly as green coffee prices change , we would expect the impact of these price changes on our profitability to be less significant . in addition to our customer arrangements , we utilize derivative instruments to reduce further the impact of changing green coffee commodity prices . we purchase exchange-traded coffee-related derivative instruments to enable us to lock in the price of green coffee commodity purchases , typically three months in advance of the delivery date . these derivative instruments may be entered into at the direction of the customer under commodity-based pricing arrangements to effectively lock in the purchase price of green coffee under such customer arrangements , in certain cases up to 18 to 24 months or longer in the future . notwithstanding this customer direction , pursuant to accounting standards codification 815 , “ derivatives and hedging ” ( “ asc 815 ” ) , we are considered the owner of these derivative instruments and , therefore , we are required to account 19 for them as such . story_separator_special_tag for the fiscal year ended june 30 , 2014 , we made $ 1.3 million in contributions to our single employer defined benefit pension plans and recorded $ 2.3 million in reduction in pension expense . we expect to make approximately $ 2.6 million in contributions to our single employer defined benefit pension plans in fiscal 2015 and accrue a credit to pension expense of approximately $ 34,000 per year beginning in fiscal 2015 . these pension contributions are expected to continue at this level for several years ; however a deterioration in the current economic environment would increase the risk that we may be required to make larger contributions in the future . the following chart quantifies the effect on the projected benefit obligation and the net periodic benefit cost of a change in the discount rate assumption and the impact on the net periodic benefit cost of a change in the assumed rate of return on plan assets under our single employer defined benefit pension plans for fiscal 2015 : replace_table_token_3_th postretirement benefits we sponsor a postretirement defined benefit plan that covers qualified non-union retirees and certain qualified union retirees . the plan provides medical , dental and vision coverage for retirees under age 65 and medical coverage only for retirees age 65 and above . under this postretirement plan , our contributions toward premiums for retiree medical , dental and vision coverage for participants and dependents are scaled based on length of service , with greater company contributions for retirees with greater length of service , subject to a maximum monthly company contribution . our retiree medical , dental and vision plan is unfunded , and its liability was calculated using an assumed discount rate of 4.3 % at june 30 , 2014 . we project an initial medical trend rate of 8.0 % in fiscal 2014 , ultimately reducing to 4.5 % in 10 years . we also provide a postretirement death benefit to certain of our employees and retirees , subject , in the case of current employees , to continued employment with the company until retirement , and certain other conditions related to the manner of 23 employment termination and manner of death . we record the actuarially determined liability for the present value of the postretirement death benefit . we have purchased life insurance policies to fund the postretirement death benefit wherein we own the policy but the postretirement death benefit is paid to the employee 's or retiree 's beneficiary . we record an asset for the fair value of the life insurance policies which equates to the cash surrender value of the policies . share-based compensation we measure all share-based compensation cost at the grant date , based on the fair value of the award , and recognize that cost as an expense in our consolidated statements of operations over the requisite service period . the process of estimating the fair value of share-based compensation awards and recognizing share-based compensation cost over the requisite service period involves significant assumptions and judgments . we estimate the fair value of stock option awards on the date of grant using the black-scholes valuation model which requires that we make certain assumptions regarding : ( i ) the expected volatility in the market price of our common stock ; ( ii ) dividend yield ; ( iii ) risk-free interest rates ; and ( iv ) the period of time employees are expected to hold the award prior to exercise ( referred to as the expected holding period ) . in addition , we estimate the expected impact of forfeited awards and recognize share-based compensation cost only for those awards ultimately expected to vest . if actual forfeiture rates differ materially from our estimates , share-based compensation expense could differ significantly from the amounts we have recorded in the current period . we will periodically review actual forfeiture experience and revise our estimates , as necessary . we will recognize as compensation cost the cumulative effect of the change in estimated forfeiture rates on current and prior periods in earnings of the period of revision . as a result , if we revise our assumptions and estimates , our share-based compensation expense could change materially in the future . in fiscal 2014 and 2013 , we used an estimated 6.5 % annual forfeiture rate to calculate share-based compensation expense based on actual forfeiture experience . we have outstanding share-based awards that have performance-based vesting conditions in addition to time-based vesting . awards with performance-based vesting conditions require the achievement of certain financial and other performance criteria as a condition to the vesting . we recognize the estimated fair value of performance-based awards , net of estimated forfeitures , as share-based compensation expense over the performance period based upon our determination of whether it is probable that the performance targets will be achieved . at each reporting period , we reassess the probability of achieving the performance criteria and the performance period required to meet those targets . determining whether the performance criteria will be achieved involves judgment , and the estimate of share-based compensation expense may be revised periodically based on changes in the probability of achieving the performance criteria . revisions are reflected in the period in which the estimate is changed . if performance goals are not met , no share-based compensation expense is recognized , and , to the extent share-based compensation expense was previously recognized , such share-based compensation expense is reversed . income taxes deferred income taxes are determined based on the temporary differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse . estimating our tax liabilities involves judgments related to uncertainties in the application of complex tax regulations . we make certain estimates and judgments to determine tax expense for financial statement purposes as we evaluate the effect of

