30 management has discussed the development and selection of these critical accounting estimates with the audit committee of the board of directors and the audit committee has reviewed the foregoing disclosure . in addition , there are other items within our financial statements that require estimation , but are not deemed critical as defined above . changes in estimates used in these and other items could have a material impact on the financial statements . the company recognizes revenues in accordance with u.s. gaap . revenues for product shipments are realizable when we have persuasive evidence of a sales arrangement , the product has been shipped or delivered , the sale price is fixed or determinable and collectability is reasonably assured . title and risk of loss passes from the company to its customer at the time of shipment in most cases with the exception of certain customers . for these customers title does not pass and revenue is not recognized until the customer has received the product at its physical location . we establish an allowance for doubtful accounts and warranty reserves based on historical experience and believe the collection of revenues , net of these reserves , is reasonably assured . our allowance for doubtful accounts and warranty reserve balances at june 30 , 2012 was approximately $ 1.5 million and $ 1.2 million , respectively . our reserve estimates have historically been proven to be materially correct based upon actual charges incurred . the company 's revenue recognition policy is consistently applied across the company 's segments , product lines and geographical locations . further , we do not have post shipment obligations such as training or installation , customer acceptance provisions , credits and discounts , rebates and price protection or other similar privileges . our distributors and agents are not granted price protection . our distributors and agents , who comprise less than 10 % of consolidated revenue , have no additional product return rights beyond the right to return defective products that are covered by our warranty policy . we believe our revenue recognition practices are consistent with staff accounting bulletin ( sab ) 104 and that we have adequately considered the requirements of accounting standards codification ( asc ) 605 revenue recognition . revenues generated from transactions other than product shipments are contract-related and have historically accounted for less than 5 % of the company 's consolidated revenues . the company establishes an allowance for doubtful accounts based on historical experience and believes the collection of revenues , net of these reserves , is reasonably assured . the allowance for doubtful accounts is an estimate for potential non-collection of accounts receivable based on historical experience . the company has not experienced a non-collection of accounts receivable materially affecting its financial position or results of operations as of and for the fiscal years ended june 30 , 2012 , 2011 and 2010. if the financial condition of the company 's customers were to deteriorate causing an impairment of their ability to make payments , additional provisions for bad debts could be required in future periods . the company has one customer that represents 12 % of total accounts receivable as of june 30 , 2012. the company records a warranty reserve as a charge against earnings based on a historical percentage of revenues utilizing actual returns over a period that approximates historical warranty experience . if actual returns in the future are not consistent with the historical data used to calculate these estimates , additional warranty reserves could be required . the company records a slow moving inventory reserve as a charge against earnings for all products on hand for more than twelve months to eighteen months depending on the products that have not been sold to customers or can not be further manufactured for sale to alternative customers . an additional reserve is recorded for product on hand that is in excess of product sold to customers over the same periods noted above . if actual market conditions are less favorable than projected , additional inventory reserves may be required . the company tests goodwill and indefinite-lived intangible assets on an annual basis for impairment or when events or changes in circumstances indicate that goodwill or indefinite-lived intangible assets might be impaired . other intangible assets are amortized over their estimated useful lives . the determination of the estimated useful 31 lives of other intangible assets and whether goodwill or indefinite-lived intangibles are impaired involves judgments based upon long-term projections of future performance . estimates of fair value are based on our projection of revenues , operating costs and cash flows of each reporting unit considering historical and anticipated results and general economic and market conditions . the fair values of the reporting units are determined using a discounted cash flow analysis based on historical and projected financial information as well as market analysis . the carrying value of goodwill at june 30 , 2012 , 2011 and 2010 was $ 80.7 million , $ 64.3 million and $ 56.1 million , respectively . the annual goodwill impairment analysis considers the financial projections of the reporting unit based on the most recently completed budgeting and long-term strategic planning processes and also considers the current financial performance compared to the prior projections of the reporting unit . changes in our financial performance , judgments and projections could result in an impairment of goodwill or indefinite-lived intangible assets . as a result of the purchase price allocations from our prior acquisitions and due to our decentralized structure , our goodwill is included in multiple reporting units . due to the cyclical nature of our business , and the other factors described in the section on risk factors set forth in item 1a of this annual report on form 10-k , the profitability of our individual reporting units may periodically suffer from downturns in customer demand , operational challenges and other factors . story_separator_special_tag vloc was negatively impacted by the declining shipment volumes of its military related products while photop experienced a decline in gross margin from unfavorable product mix as optical communication sales with higher margin product profiles eased somewhat during fiscal 2012. in addition , photop and aegis continue to contribute resources to invest in internal research and development activities in high-speed products specific to the optical communication market . 36 military & materials ( millions ) replace_table_token_8_th the company 's military & materials segment includes the combined operations of exotic electro-optics ( eeo ) , prm , and mla . bookings for the year ended june 30 , 2012 for military & materials increased 1 % to $ 92.9 million , compared to $ 92.0 million from the prior fiscal year , primarily as a result of reduced bookings at prm offset by increased bookings at eeo and mla . the decline in bookings at prm was most prevalent during the latter half of fiscal 2012 and was the result of softening demand in the photovoltaic market which lowered order intake volumes for tellurium product . the increase in bookings within the segment was attributable to increased orders at eeo for its sapphire military business and other military contracts as well as a full year inclusion of mla in fiscal 2012. revenues for the year ended june 30 , 2012 for military & materials increased 17 % to $ 97.4 million , compared to $ 83.4 million from the prior fiscal year . at prm , higher shipment volume and pricing of selenium for the majority of fiscal year 2012 was the major factor contributing the increased revenue in fiscal 2012. in addition , a full year inclusion of mla and increased shipment volumes related to military orders for the sapphire product line at eeo contributed to the increased revenues . segment earnings for the year ended june 30 , 2012 for military & materials was $ 1.9 million , compared to segment earnings of $ 15.3 million for the prior fiscal year . the decrease in segment earnings for the year ended june 30 , 2012 was attributable to prm as the global index price of tellurium declined through june 30 , 2012. the weakening demand in the photovoltaic market , increased competition and excess capacity has put significant downward pressure on the pricing of such material . in addition , prm was impacted by falling prices of selenium during the last quarter of fiscal 2012 caused by weak demand in chinese metallurgical applications . during the year ended june 30 , 2012 , prm incurred losses as a result of inventory write-downs of tellurium and selenium of $ 8.7 million as well as compressed gross margins from products sold that were previously purchased at higher raw material index prices . advanced products group ( millions ) replace_table_token_9_th the company 's advanced products group ( formerly , compound semiconductor group ) includes the combined operations of marlow , wbg and worldwide materials group ( wmg ) . bookings for the year ended june 30 , 2012 for the advanced products group decreased 20 % to $ 67.4 million , compared to $ 84.8 million from the prior fiscal year , and was attributable to both marlow and wbg . at 37 marlow , contributing factors to the bookings decrease were the reduction in gesture recognition product demand as well as an overall softening in the majority of their product markets , such as telecommunications , defense , industrial and medical . at wbg , the timing of receipt of an annual blanket order negatively impacted fiscal 2012 bookings . revenues for the year ended june 30 , 2012 for the advanced products group decreased 5 % to $ 74.6 million , compared to $ 78.7 million for the prior fiscal year . the decrease in revenues was primarily due to lower shipment volumes of the gesture recognition and telecommunication products at marlow . the decline in gesture recognition shipment volumes was primarily attributed to weakening demand for this product line . increased revenue at wbg resulting from higher shipment volumes of large diameter silicon carbide substrates at the segment 's wbg business unit helped offset a portion of the decreases in gesture recognition shipments at marlow . segment earnings for the year ended june 30 , 2012 decreased 36 % to $ 8.4 million , compared to $ 13.2 million for the prior fiscal year . the decrease in segment earnings was primarily due to lower volume of segment revenues as well as a decline in gross margin at marlow resulting from unfavorable product mix as sales with higher margin profiles specific to gesture recognition and telecommunications declined during fiscal 2012. fiscal year 2011 compared to fiscal year 2010 overview ( millions except per share data ) replace_table_token_10_th the above results include mla since the date of acquisition for the year ended june 30 , 2011 only , as this acquisition was completed on december 6 , 2010. the above results for the year ending june 30 , 2010 include only six months of activity for photop , as this acquisition was completed on january 4 , 2010. bookings . bookings increased 34 % to $ 520.2 million in fiscal year 2011 compared to $ 387.6 million in fiscal year 2010. included in bookings for the year ended june 30 , 2011 and 2010 were approximately $ 118.4 million and $ 59.4 million , respectively , of bookings from photop . excluding photop , the majority of the company 's business units realized higher levels of bookings in fiscal year 2011 compared to fiscal year 2010. the company began seeing improved customer demand during the second half of fiscal year 2010 as worldwide economies began to rebound from their lower levels in the later part of fiscal year 2008. this trend continued for the full year of fiscal 2011. in addition to the bookings recorded by photop , the general

net cash provided by operating activities : net cash provided by operating activities was $ 88.1 million and $ 73.5 million for the fiscal years ended june 30 , 2012 and 2011 , respectively . despite the lower earnings in fiscal 2012 when compared to fiscal 2011 , cash flows from operating activities increased primarily due to an increased focus on working capital management as well as higher non-cash charges for depreciation , amortization and share-based compensation expense . net cash provided by operating activities was $ 73.5 million and $ 72.4 million for the fiscal years ended june 30 , 2011 and 2010 , respectively . despite the higher net earnings and non-cash charges in fiscal year 2011 , cash flows from operating activities remained consistent with fiscal year 2010 primarily due to increased working capital requirements necessary to support the current level of business activity . specifically , the company increased its inventory levels as a result of a planned inventory build to support the level of demand for the company 's products as well as higher prices of selenium and tellurium . net cash provided by ( used in ) investing activities : net cash used in investing activities was $ 84.9 million and $ 52.5 million for the fiscal years ended june 30 , 2012 and 2011 , respectively . the majority of the increase in cash used in investing activities during fiscal 2012 was the result of the acquisition of aegis in july 2011 . 43 net cash used in investing activities was $ 52.5 million and $ 65.1 million for the fiscal years ended june 30 , 2011 and 2010 , respectively .


 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 provided by operating activities : net cash provided by operating activities was $ 88.1 million and $ 73.5 million for the fiscal years ended june 30 , 2012 and 2011 , respectively . despite the lower earnings in fiscal 2012 when compared to fiscal 2011 , cash flows from operating activities increased primarily due to an increased focus on working capital management as well as higher non-cash charges for depreciation , amortization and share-based compensation expense . net cash provided by operating activities was $ 73.5 million and $ 72.4 million for the fiscal years ended june 30 , 2011 and 2010 , respectively . despite the higher net earnings and non-cash charges in fiscal year 2011 , cash flows from operating activities remained consistent with fiscal year 2010 primarily due to increased working capital requirements necessary to support the current level of business activity . specifically , the company increased its inventory levels as a result of a planned inventory build to support the level of demand for the company 's products as well as higher prices of selenium and tellurium . net cash provided by ( used in ) investing activities : net cash used in investing activities was $ 84.9 million and $ 52.5 million for the fiscal years ended june 30 , 2012 and 2011 , respectively . the majority of the increase in cash used in investing activities during fiscal 2012 was the result of the acquisition of aegis in july 2011 . 43 net cash used in investing activities was $ 52.5 million and $ 65.1 million for the fiscal years ended june 30 , 2011 and 2010 , respectively .
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 Suspicious Activity Report : 30 management has discussed the development and selection of these critical accounting estimates with the audit committee of the board of directors and the audit committee has reviewed the foregoing disclosure . in addition , there are other items within our financial statements that require estimation , but are not deemed critical as defined above . changes in estimates used in these and other items could have a material impact on the financial statements . the company recognizes revenues in accordance with u.s. gaap . revenues for product shipments are realizable when we have persuasive evidence of a sales arrangement , the product has been shipped or delivered , the sale price is fixed or determinable and collectability is reasonably assured . title and risk of loss passes from the company to its customer at the time of shipment in most cases with the exception of certain customers . for these customers title does not pass and revenue is not recognized until the customer has received the product at its physical location . we establish an allowance for doubtful accounts and warranty reserves based on historical experience and believe the collection of revenues , net of these reserves , is reasonably assured . our allowance for doubtful accounts and warranty reserve balances at june 30 , 2012 was approximately $ 1.5 million and $ 1.2 million , respectively . our reserve estimates have historically been proven to be materially correct based upon actual charges incurred . the company 's revenue recognition policy is consistently applied across the company 's segments , product lines and geographical locations . further , we do not have post shipment obligations such as training or installation , customer acceptance provisions , credits and discounts , rebates and price protection or other similar privileges . our distributors and agents are not granted price protection . our distributors and agents , who comprise less than 10 % of consolidated revenue , have no additional product return rights beyond the right to return defective products that are covered by our warranty policy . we believe our revenue recognition practices are consistent with staff accounting bulletin ( sab ) 104 and that we have adequately considered the requirements of accounting standards codification ( asc ) 605 revenue recognition . revenues generated from transactions other than product shipments are contract-related and have historically accounted for less than 5 % of the company 's consolidated revenues . the company establishes an allowance for doubtful accounts based on historical experience and believes the collection of revenues , net of these reserves , is reasonably assured . the allowance for doubtful accounts is an estimate for potential non-collection of accounts receivable based on historical experience . the company has not experienced a non-collection of accounts receivable materially affecting its financial position or results of operations as of and for the fiscal years ended june 30 , 2012 , 2011 and 2010. if the financial condition of the company 's customers were to deteriorate causing an impairment of their ability to make payments , additional provisions for bad debts could be required in future periods . the company has one customer that represents 12 % of total accounts receivable as of june 30 , 2012. the company records a warranty reserve as a charge against earnings based on a historical percentage of revenues utilizing actual returns over a period that approximates historical warranty experience . if actual returns in the future are not consistent with the historical data used to calculate these estimates , additional warranty reserves could be required . the company records a slow moving inventory reserve as a charge against earnings for all products on hand for more than twelve months to eighteen months depending on the products that have not been sold to customers or can not be further manufactured for sale to alternative customers . an additional reserve is recorded for product on hand that is in excess of product sold to customers over the same periods noted above . if actual market conditions are less favorable than projected , additional inventory reserves may be required . the company tests goodwill and indefinite-lived intangible assets on an annual basis for impairment or when events or changes in circumstances indicate that goodwill or indefinite-lived intangible assets might be impaired . other intangible assets are amortized over their estimated useful lives . the determination of the estimated useful 31 lives of other intangible assets and whether goodwill or indefinite-lived intangibles are impaired involves judgments based upon long-term projections of future performance . estimates of fair value are based on our projection of revenues , operating costs and cash flows of each reporting unit considering historical and anticipated results and general economic and market conditions . the fair values of the reporting units are determined using a discounted cash flow analysis based on historical and projected financial information as well as market analysis . the carrying value of goodwill at june 30 , 2012 , 2011 and 2010 was $ 80.7 million , $ 64.3 million and $ 56.1 million , respectively . the annual goodwill impairment analysis considers the financial projections of the reporting unit based on the most recently completed budgeting and long-term strategic planning processes and also considers the current financial performance compared to the prior projections of the reporting unit . changes in our financial performance , judgments and projections could result in an impairment of goodwill or indefinite-lived intangible assets . as a result of the purchase price allocations from our prior acquisitions and due to our decentralized structure , our goodwill is included in multiple reporting units . due to the cyclical nature of our business , and the other factors described in the section on risk factors set forth in item 1a of this annual report on form 10-k , the profitability of our individual reporting units may periodically suffer from downturns in customer demand , operational challenges and other factors . story_separator_special_tag vloc was negatively impacted by the declining shipment volumes of its military related products while photop experienced a decline in gross margin from unfavorable product mix as optical communication sales with higher margin product profiles eased somewhat during fiscal 2012. in addition , photop and aegis continue to contribute resources to invest in internal research and development activities in high-speed products specific to the optical communication market . 36 military & materials ( millions ) replace_table_token_8_th the company 's military & materials segment includes the combined operations of exotic electro-optics ( eeo ) , prm , and mla . bookings for the year ended june 30 , 2012 for military & materials increased 1 % to $ 92.9 million , compared to $ 92.0 million from the prior fiscal year , primarily as a result of reduced bookings at prm offset by increased bookings at eeo and mla . the decline in bookings at prm was most prevalent during the latter half of fiscal 2012 and was the result of softening demand in the photovoltaic market which lowered order intake volumes for tellurium product . the increase in bookings within the segment was attributable to increased orders at eeo for its sapphire military business and other military contracts as well as a full year inclusion of mla in fiscal 2012. revenues for the year ended june 30 , 2012 for military & materials increased 17 % to $ 97.4 million , compared to $ 83.4 million from the prior fiscal year . at prm , higher shipment volume and pricing of selenium for the majority of fiscal year 2012 was the major factor contributing the increased revenue in fiscal 2012. in addition , a full year inclusion of mla and increased shipment volumes related to military orders for the sapphire product line at eeo contributed to the increased revenues . segment earnings for the year ended june 30 , 2012 for military & materials was $ 1.9 million , compared to segment earnings of $ 15.3 million for the prior fiscal year . the decrease in segment earnings for the year ended june 30 , 2012 was attributable to prm as the global index price of tellurium declined through june 30 , 2012. the weakening demand in the photovoltaic market , increased competition and excess capacity has put significant downward pressure on the pricing of such material . in addition , prm was impacted by falling prices of selenium during the last quarter of fiscal 2012 caused by weak demand in chinese metallurgical applications . during the year ended june 30 , 2012 , prm incurred losses as a result of inventory write-downs of tellurium and selenium of $ 8.7 million as well as compressed gross margins from products sold that were previously purchased at higher raw material index prices . advanced products group ( millions ) replace_table_token_9_th the company 's advanced products group ( formerly , compound semiconductor group ) includes the combined operations of marlow , wbg and worldwide materials group ( wmg ) . bookings for the year ended june 30 , 2012 for the advanced products group decreased 20 % to $ 67.4 million , compared to $ 84.8 million from the prior fiscal year , and was attributable to both marlow and wbg . at 37 marlow , contributing factors to the bookings decrease were the reduction in gesture recognition product demand as well as an overall softening in the majority of their product markets , such as telecommunications , defense , industrial and medical . at wbg , the timing of receipt of an annual blanket order negatively impacted fiscal 2012 bookings . revenues for the year ended june 30 , 2012 for the advanced products group decreased 5 % to $ 74.6 million , compared to $ 78.7 million for the prior fiscal year . the decrease in revenues was primarily due to lower shipment volumes of the gesture recognition and telecommunication products at marlow . the decline in gesture recognition shipment volumes was primarily attributed to weakening demand for this product line . increased revenue at wbg resulting from higher shipment volumes of large diameter silicon carbide substrates at the segment 's wbg business unit helped offset a portion of the decreases in gesture recognition shipments at marlow . segment earnings for the year ended june 30 , 2012 decreased 36 % to $ 8.4 million , compared to $ 13.2 million for the prior fiscal year . the decrease in segment earnings was primarily due to lower volume of segment revenues as well as a decline in gross margin at marlow resulting from unfavorable product mix as sales with higher margin profiles specific to gesture recognition and telecommunications declined during fiscal 2012. fiscal year 2011 compared to fiscal year 2010 overview ( millions except per share data ) replace_table_token_10_th the above results include mla since the date of acquisition for the year ended june 30 , 2011 only , as this acquisition was completed on december 6 , 2010. the above results for the year ending june 30 , 2010 include only six months of activity for photop , as this acquisition was completed on january 4 , 2010. bookings . bookings increased 34 % to $ 520.2 million in fiscal year 2011 compared to $ 387.6 million in fiscal year 2010. included in bookings for the year ended june 30 , 2011 and 2010 were approximately $ 118.4 million and $ 59.4 million , respectively , of bookings from photop . excluding photop , the majority of the company 's business units realized higher levels of bookings in fiscal year 2011 compared to fiscal year 2010. the company began seeing improved customer demand during the second half of fiscal year 2010 as worldwide economies began to rebound from their lower levels in the later part of fiscal year 2008. this trend continued for the full year of fiscal 2011. in addition to the bookings recorded by photop , the general

