over the past couple of years , we significantly increased our level of land investments in an effort to grow our active community count . we purchased mostly raw and partially developed land in some of the best school districts and most active job markets in the country . after year-over-year declines in active community counts for every quarter since mid-2012 , we ended fiscal 2014 with 155 active communities , which was 16 % higher than a year earlier . for fiscal 2015 , we expect continued year-over-year expansion in community count , which should help us achieve positive order growth for the year . although we have been buying land in almost all of our markets , our incremental land investments over the past couple of years have been disproportionately focused on securing attractive parcels in texas , california , florida and the mid-atlantic , which feature some of the strongest employment characteristics and school districts in the country as well as some of our higher priced product lines . this geographic mix shift , combined with some market pricing power , particularly during the spring of fiscal 2013 , has led to a significant rise in our average selling price from $ 253 thousand last year to $ 285 thousand this year . in addition , we ended fiscal 2014 with an average selling price for our units in backlog of $ 305 thousand . we also reported significantly improved homebuilding gross margins during fiscal 2014. for the year , our homebuilding gross margin ( excluding impairments , abandonments and interest in cost of sales ) improved 190 basis points to 21.9 % . finally , our cost leverage improved slightly from fiscal 2013. our selling , general and administrative expenses were 13.3 % of total revenue for fiscal 2014 , compared with 13.5 % a year earlier . as we continue to grow total revenue in future quarters , we anticipate further improvement on this metric . 24 we expect to continue our focus on our “ 2b-10 ” metrics during fiscal 2015 with particular emphasis on growing our active community count . critical accounting policies : some of our critical accounting policies require the use of judgment in their application or require estimates of inherently uncertain matters . although our accounting policies are in compliance with accounting principles generally accepted in the united states of america ( gaap ) , a change in the facts and circumstances of the underlying transactions could significantly change the application of the accounting policies and the resulting financial statement impact . listed below are those policies that we believe are critical and require the use of complex judgment in their application . inventory valuation - held for development our homebuilding inventories that are accounted for as held for development include land and home construction assets grouped together as communities . homebuilding inventories held for development are stated at cost ( including direct construction costs , capitalized indirect costs , capitalized interest and real estate taxes ) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable . we assess these assets no less than quarterly for recoverability . generally , upon the commencement of land development activities , it may take three to five years ( depending on , among other things , the size of the community and its sales pace ) to fully develop , sell , construct and close all the homes in a typical community . however , the impact of the recent downturn in our business has significantly lengthened the estimated life of many communities . recoverability of assets is measured by comparing the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset . if the expected undiscounted cash flows generated are expected to be less than its carrying amount , an impairment charge is recorded to write down the carrying amount of such asset to its estimated fair value based on discounted cash flows . when conducting our community level review for the recoverability of our homebuilding inventories held for development , we establish a quarterly “ watch list ” of communities with more than 10 homes remaining that carry profit margins in backlog or in our forecast that are below a minimum threshold of profitability . in our experience , this threshold represents a level of profitability that may be an indicator of conditions which would require an asset impairment but does not guarantee that such impairment will definitively be appropriate . as such , assets on the quarterly watch list are subject to substantial additional financial and operational analyses and review that consider the competitive environment and other factors contributing to profit margins below our watch list threshold . for communities where the current competitive and market dynamics indicate that these factors may be other than temporary , which may call into question the recoverability of our investment , a formal impairment analysis is performed . the formal impairment analysis consists of both qualitative competitive market analyses and a quantitative analysis reflecting market and asset specific information . our qualitative competitive market analyses include site visits to competitor new home communities and written community level competitive assessments . a competitive assessment consists of a comparison of our specific community with its competitor communities , considering square footage of homes offered , amenities offered within the homes and the communities , location , transportation availability and school districts , among many factors . in addition , we review the pace of monthly home sales of our competitor communities in relation to our specific community . we also review other factors such as the target buyer and the macro-economic characteristics that impact the performance of our assets , such as unemployment and the availability of mortgage financing , among other things . story_separator_special_tag however , periods of economic downturn in the homebuilding industry will typically alter seasonal patterns . the following chart presents certain quarterly operating data for our continuing operations for our last twelve fiscal quarters : 28 replace_table_token_8_th results of continuing operations : replace_table_token_9_th homebuilding operations data replace_table_token_10_th 29 sales per active community per month were 2.8 for the year ended september 30 , 2014 compared to 2.9 for the year ended september 30 , 2013 , contributing to the 5.5 % decline in net new orders year-over-year . during the year , we opened 73 communities and closed out of 52 , leading to an active community count of 155 at september 30 , 2014 , compared to 134 at september 30 , 2013. the decrease in new orders in the west segment was primarily driven by the close out of several communities during fiscal 2014 in advance of new community openings and by a softening homebuyer market in las vegas and phoenix . replace_table_token_11_th backlog above reflects the number of homes for which the company has entered into a sales contract with a customer but has not yet delivered the home . backlog at september 30 , 2014 is lower than the prior year due to the slower selling environment experienced this year as evidenced by our decline in sales per community per month in each of the last three quarters of the fiscal year compared to the prior year . we expect new orders and backlog to increase over time as our active communities increase . homebuilding revenues , average selling price ( asp ) and closings replace_table_token_12_th replace_table_token_13_th generally , improved operational strategies , product and geographic mix and market conditions in certain of our markets enhanced our ability to generate higher asp over the past year . this higher asp drove our increase in homebuilding revenues for fiscal 2014 as compared to the prior year . during fiscal 2013 , we were able to increase prices or reduce incentives in response to robust demand and improved market conditions in the majority of our markets in our west segment . these conditions in a majority of our west markets have moderated over the past few quarters . we anticipate that our average asp will continue to increase in future quarters as indicated by our increase in asp for homes in backlog and continued product and geographic mix shift toward higher priced markets . we also anticipate that our closings in future quarters will increase as our number of active communities increases . 30 homebuilding gross profit the following table sets forth our homebuilding gross profit and gross margin by reportable segment and total homebuilding gross profit and gross margin , and such amounts excluding inventory impairments and abandonments and interest amortized to cost of sales for the fiscal years ended september 30 , 2014 , 2013 and 2012 . homebuilding gross profit is defined as homebuilding revenues less home cost of sales ( which includes land and land development costs , home construction costs , capitalized interest , indirect costs of construction , estimated warranty costs , closing costs and inventory impairment and lot option abandonment charges ) . replace_table_token_14_th our overall homebuilding gross profit increased to $ 260.7 million for the fiscal year ended september 30 , 2014 from $ 212.1 million in the prior year . the increase was primarily due to the $ 130.7 million increase in homebuilding revenues including a 12.6 % increase in asp , partially offset by a $ 5.7 million increase in impairments and abandonments and $ 4.9 million of unexpected warranty costs recorded in the fourth quarter of fiscal 2014. these warranty costs related to water intrusion problems in homes in certain of our communities located in florida and new jersey , with an average age in excess of 7 years . the issues in florida related to water intrusion problems arising from stucco installation on specific home elevations in several communities . the water intrusion issues in new jersey related to flashing and stone installation in one specific community . we consider these charges to be unexpected in nature and are not expected to be recurring . the unexpected warranty charges were included in cost of sales and therefore reduced all measurements of income , including gross margin , adjusted ebitda and income from operations . for the year ended september 30 , 2014 , excluding the impact of the unexpected warranty charges , gross margin before impairments and abandonments and interest amortized to cost of sales would have been 22.2 % , adjusted ebitda would have been $ 133.2 million and income from operations would have been $ 28.4 million . corporate and unallocated gross profit for the year ended september 30 , 2014 included an increase in the capitalization of indirect spending relative to the increase in inventory during the year as well as the reduction in certain reserves related to product liability issues not allocated to our operating segments . 31 for the fiscal year ended september 20 , 2013 , our overall homebuilding gross profit increased by $ 108.9 million compared to fiscal year 2012. the increase was mainly related to a $ 283.2 million increase in homebuilding revenues including a 12.5 % increase in asp , a $ 9.6 million decrease in impairments and abandonments and a $ 19.7 million decrease in interest amortized to cost of sales , offset partially by increases in material and labor costs . this increase for the fiscal year ended september 30 , 2013 was offset partially by an $ 11 million insurance recovery recognized in the prior year related to previously recorded water intrusion related expenditures . total homebuilding gross profit and gross margin excluding inventory impairments and abandonments and interest amortized to cost of sales are not gaap financial measures . these measures should not be considered alternatives to homebuilding gross profit determined in accordance with gaap as an indicator of operating performance . the

liquidity and capital resources . our sources of liquidity include , but are not limited to , cash from operations , proceeds from senior notes and other bank borrowings , the issuance of equity and equity-linked securities and other external sources of funds . our short-term and long-term liquidity depend primarily upon our level of net income , working capital management ( cash , accounts receivable , accounts payable and other liabilities ) and available credit facilities . as of september 30 , 2014 , our liquidity position consisted of $ 324.2 million in cash and cash equivalents , $ 150 million of capacity under our secured revolving credit facility , plus $ 62.9 million of restricted cash , of which $ 22.4 million related to our cash secured term loan . we expect to maintain a significant liquidity position during fiscal 2015 , subject to changes in market conditions that would alter our expectations for land and land development expenditures or capital market transactions which could increase or decrease our cash balance on a quarterly basis . 35 we spent $ 551.2 million on land and land development spending during the fiscal year ended september 30 , 2014 as we focused on replacing close out communities and positioning the company to increase our active community count . this spending on land and land development had a significant impact on our net cash used in operating activities , resulting in net cash used in operating activities of $ 160.5 million for the fiscal year ended september 30 , 2014 . during the fiscal year s ended september 30 , 2013 and 2012 , our net cash used in operating activities was $ 174.6 million , and $ 20.8 million , respectively . our net cash used in operating activities in fiscal 2013 primarily related to land and land development spending of $ 475.2 million . our net cash used in operating activities in fiscal 2012 was primarily due to the payment of trade accounts payable , interest obligations and other liabilities .


 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 . our sources of liquidity include , but are not limited to , cash from operations , proceeds from senior notes and other bank borrowings , the issuance of equity and equity-linked securities and other external sources of funds . our short-term and long-term liquidity depend primarily upon our level of net income , working capital management ( cash , accounts receivable , accounts payable and other liabilities ) and available credit facilities . as of september 30 , 2014 , our liquidity position consisted of $ 324.2 million in cash and cash equivalents , $ 150 million of capacity under our secured revolving credit facility , plus $ 62.9 million of restricted cash , of which $ 22.4 million related to our cash secured term loan . we expect to maintain a significant liquidity position during fiscal 2015 , subject to changes in market conditions that would alter our expectations for land and land development expenditures or capital market transactions which could increase or decrease our cash balance on a quarterly basis . 35 we spent $ 551.2 million on land and land development spending during the fiscal year ended september 30 , 2014 as we focused on replacing close out communities and positioning the company to increase our active community count . this spending on land and land development had a significant impact on our net cash used in operating activities , resulting in net cash used in operating activities of $ 160.5 million for the fiscal year ended september 30 , 2014 . during the fiscal year s ended september 30 , 2013 and 2012 , our net cash used in operating activities was $ 174.6 million , and $ 20.8 million , respectively . our net cash used in operating activities in fiscal 2013 primarily related to land and land development spending of $ 475.2 million . our net cash used in operating activities in fiscal 2012 was primarily due to the payment of trade accounts payable , interest obligations and other liabilities .
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 Suspicious Activity Report : over the past couple of years , we significantly increased our level of land investments in an effort to grow our active community count . we purchased mostly raw and partially developed land in some of the best school districts and most active job markets in the country . after year-over-year declines in active community counts for every quarter since mid-2012 , we ended fiscal 2014 with 155 active communities , which was 16 % higher than a year earlier . for fiscal 2015 , we expect continued year-over-year expansion in community count , which should help us achieve positive order growth for the year . although we have been buying land in almost all of our markets , our incremental land investments over the past couple of years have been disproportionately focused on securing attractive parcels in texas , california , florida and the mid-atlantic , which feature some of the strongest employment characteristics and school districts in the country as well as some of our higher priced product lines . this geographic mix shift , combined with some market pricing power , particularly during the spring of fiscal 2013 , has led to a significant rise in our average selling price from $ 253 thousand last year to $ 285 thousand this year . in addition , we ended fiscal 2014 with an average selling price for our units in backlog of $ 305 thousand . we also reported significantly improved homebuilding gross margins during fiscal 2014. for the year , our homebuilding gross margin ( excluding impairments , abandonments and interest in cost of sales ) improved 190 basis points to 21.9 % . finally , our cost leverage improved slightly from fiscal 2013. our selling , general and administrative expenses were 13.3 % of total revenue for fiscal 2014 , compared with 13.5 % a year earlier . as we continue to grow total revenue in future quarters , we anticipate further improvement on this metric . 24 we expect to continue our focus on our “ 2b-10 ” metrics during fiscal 2015 with particular emphasis on growing our active community count . critical accounting policies : some of our critical accounting policies require the use of judgment in their application or require estimates of inherently uncertain matters . although our accounting policies are in compliance with accounting principles generally accepted in the united states of america ( gaap ) , a change in the facts and circumstances of the underlying transactions could significantly change the application of the accounting policies and the resulting financial statement impact . listed below are those policies that we believe are critical and require the use of complex judgment in their application . inventory valuation - held for development our homebuilding inventories that are accounted for as held for development include land and home construction assets grouped together as communities . homebuilding inventories held for development are stated at cost ( including direct construction costs , capitalized indirect costs , capitalized interest and real estate taxes ) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable . we assess these assets no less than quarterly for recoverability . generally , upon the commencement of land development activities , it may take three to five years ( depending on , among other things , the size of the community and its sales pace ) to fully develop , sell , construct and close all the homes in a typical community . however , the impact of the recent downturn in our business has significantly lengthened the estimated life of many communities . recoverability of assets is measured by comparing the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset . if the expected undiscounted cash flows generated are expected to be less than its carrying amount , an impairment charge is recorded to write down the carrying amount of such asset to its estimated fair value based on discounted cash flows . when conducting our community level review for the recoverability of our homebuilding inventories held for development , we establish a quarterly “ watch list ” of communities with more than 10 homes remaining that carry profit margins in backlog or in our forecast that are below a minimum threshold of profitability . in our experience , this threshold represents a level of profitability that may be an indicator of conditions which would require an asset impairment but does not guarantee that such impairment will definitively be appropriate . as such , assets on the quarterly watch list are subject to substantial additional financial and operational analyses and review that consider the competitive environment and other factors contributing to profit margins below our watch list threshold . for communities where the current competitive and market dynamics indicate that these factors may be other than temporary , which may call into question the recoverability of our investment , a formal impairment analysis is performed . the formal impairment analysis consists of both qualitative competitive market analyses and a quantitative analysis reflecting market and asset specific information . our qualitative competitive market analyses include site visits to competitor new home communities and written community level competitive assessments . a competitive assessment consists of a comparison of our specific community with its competitor communities , considering square footage of homes offered , amenities offered within the homes and the communities , location , transportation availability and school districts , among many factors . in addition , we review the pace of monthly home sales of our competitor communities in relation to our specific community . we also review other factors such as the target buyer and the macro-economic characteristics that impact the performance of our assets , such as unemployment and the availability of mortgage financing , among other things . story_separator_special_tag however , periods of economic downturn in the homebuilding industry will typically alter seasonal patterns . the following chart presents certain quarterly operating data for our continuing operations for our last twelve fiscal quarters : 28 replace_table_token_8_th results of continuing operations : replace_table_token_9_th homebuilding operations data replace_table_token_10_th 29 sales per active community per month were 2.8 for the year ended september 30 , 2014 compared to 2.9 for the year ended september 30 , 2013 , contributing to the 5.5 % decline in net new orders year-over-year . during the year , we opened 73 communities and closed out of 52 , leading to an active community count of 155 at september 30 , 2014 , compared to 134 at september 30 , 2013. the decrease in new orders in the west segment was primarily driven by the close out of several communities during fiscal 2014 in advance of new community openings and by a softening homebuyer market in las vegas and phoenix . replace_table_token_11_th backlog above reflects the number of homes for which the company has entered into a sales contract with a customer but has not yet delivered the home . backlog at september 30 , 2014 is lower than the prior year due to the slower selling environment experienced this year as evidenced by our decline in sales per community per month in each of the last three quarters of the fiscal year compared to the prior year . we expect new orders and backlog to increase over time as our active communities increase . homebuilding revenues , average selling price ( asp ) and closings replace_table_token_12_th replace_table_token_13_th generally , improved operational strategies , product and geographic mix and market conditions in certain of our markets enhanced our ability to generate higher asp over the past year . this higher asp drove our increase in homebuilding revenues for fiscal 2014 as compared to the prior year . during fiscal 2013 , we were able to increase prices or reduce incentives in response to robust demand and improved market conditions in the majority of our markets in our west segment . these conditions in a majority of our west markets have moderated over the past few quarters . we anticipate that our average asp will continue to increase in future quarters as indicated by our increase in asp for homes in backlog and continued product and geographic mix shift toward higher priced markets . we also anticipate that our closings in future quarters will increase as our number of active communities increases . 30 homebuilding gross profit the following table sets forth our homebuilding gross profit and gross margin by reportable segment and total homebuilding gross profit and gross margin , and such amounts excluding inventory impairments and abandonments and interest amortized to cost of sales for the fiscal years ended september 30 , 2014 , 2013 and 2012 . homebuilding gross profit is defined as homebuilding revenues less home cost of sales ( which includes land and land development costs , home construction costs , capitalized interest , indirect costs of construction , estimated warranty costs , closing costs and inventory impairment and lot option abandonment charges ) . replace_table_token_14_th our overall homebuilding gross profit increased to $ 260.7 million for the fiscal year ended september 30 , 2014 from $ 212.1 million in the prior year . the increase was primarily due to the $ 130.7 million increase in homebuilding revenues including a 12.6 % increase in asp , partially offset by a $ 5.7 million increase in impairments and abandonments and $ 4.9 million of unexpected warranty costs recorded in the fourth quarter of fiscal 2014. these warranty costs related to water intrusion problems in homes in certain of our communities located in florida and new jersey , with an average age in excess of 7 years . the issues in florida related to water intrusion problems arising from stucco installation on specific home elevations in several communities . the water intrusion issues in new jersey related to flashing and stone installation in one specific community . we consider these charges to be unexpected in nature and are not expected to be recurring . the unexpected warranty charges were included in cost of sales and therefore reduced all measurements of income , including gross margin , adjusted ebitda and income from operations . for the year ended september 30 , 2014 , excluding the impact of the unexpected warranty charges , gross margin before impairments and abandonments and interest amortized to cost of sales would have been 22.2 % , adjusted ebitda would have been $ 133.2 million and income from operations would have been $ 28.4 million . corporate and unallocated gross profit for the year ended september 30 , 2014 included an increase in the capitalization of indirect spending relative to the increase in inventory during the year as well as the reduction in certain reserves related to product liability issues not allocated to our operating segments . 31 for the fiscal year ended september 20 , 2013 , our overall homebuilding gross profit increased by $ 108.9 million compared to fiscal year 2012. the increase was mainly related to a $ 283.2 million increase in homebuilding revenues including a 12.5 % increase in asp , a $ 9.6 million decrease in impairments and abandonments and a $ 19.7 million decrease in interest amortized to cost of sales , offset partially by increases in material and labor costs . this increase for the fiscal year ended september 30 , 2013 was offset partially by an $ 11 million insurance recovery recognized in the prior year related to previously recorded water intrusion related expenditures . total homebuilding gross profit and gross margin excluding inventory impairments and abandonments and interest amortized to cost of sales are not gaap financial measures . these measures should not be considered alternatives to homebuilding gross profit determined in accordance with gaap as an indicator of operating performance . the

