we have set growth targets for our company and we will align and focus our resources to meet those targets . first and foremost , we invest in our people as we believe that attracting and retaining the right people is the most important element in our strategy . we also will continue to invest in applied and design engineering resources . strategic focus means that we will take action to address the critical issues that we believe are necessary to meet the stated long term goals and objectives of the company . given that we are focused on growth , the majority of the critical issues are focused on growth initiatives for the company . one of these growth initiatives includes product line platform development to meet the emerging needs of our selected target markets . our platform development emphasizes a combination of allied motion technologies to create increased value 18 solutions for our customers . the make-up of our new opportunities has evolved from individual component solutions to a majority of the new opportunities now utilizing multiple allied motion technologies . we believe this approach will allow us to provide increased value to our customers and improved margins for our company . our strong financial condition , along with allied systematic tools ( ast ) continuous improvement initiatives in quality , delivery , and cost allow us to have a positive outlook for the continued long term growth of our company . outlook for 2016 in 2016 , we will continue to focus on leveraging the growth synergies as provided by the globe acquisition in late 2013 and the january 2016 heidrive acquisition to expand our business in our served markets . with strong cash flows and a continually improving debt position , we will continue to evaluate and pursue strategic acquisitions to enhance our growth opportunities in the future . in addition , we will continue to execute the critical issues as defined by our strategy , developed in late 2013. the critical issues from that strategy include : 1 ) creating an effective corporate structure to leverage the resources and capabilities of the combined entity 2 ) implement a new erp system to provide the infrastructure necessary to support the planned growth of the company 3 ) launch a new/integrated website in the first quarter of 2016 to better meet the needs of our current business environment 4 ) plan and implement a structured approach to identify the requirements of our target markets and to create and implement solutions to ensure we meet the requirements of those markets 5 ) through the continued enhancement and development of our operational effectiveness team , implement ast to drive continuous improvement in all areas of our business allied motion is an applied technology/know-how motion company and to grow , we will continue to invest in the technical resources to ensure we can move forward with our mantra to create motion solutions that change the game and to meet the emerging needs of our customers in our served market segments . in support of our sales efforts , we have three solution centers ( united states , europe and asia ) that are providing the support required to sell multi-technology solutions . we have several new multi-product motion control solution wins that will be moving into production during 2016 in addition to a very active pipeline of new opportunities where our integrated solution capability has provided us with a competitive advantage . we anticipate that our investment in these key resources will help drive our growth now and in the future and we plan to continue investing in these resources during 2016. we further expect this shift from a component supplier to a more complete solutions provider , along with the application of ast , to drive margin improvement . our global production footprint provides us with the opportunity to be a good value proposition and supplier for global companies who require support around the world . we will continue to evaluate and find areas to leverage our current manufacturing and sales footprint to drive sales and improve efficiencies . we expect to continue our dividend program as we believe that our cash flows can support our growth initiatives and also reward our shareholders at the same time . further development and promotion of our parent brand , allied motion , will continue in 2016. a global structure has been defined and we intend to use that to our advantage in the marketplace . critical accounting policies the company has prepared its financial statements in conformity with accounting principles generally accepted in the united states , and these statements necessarily include some amounts that are based on informed judgments and estimates of management . the company 's significant accounting policies are discussed in note 1 of item 8 , financial statements and supplementary data of this report . the policies are reviewed on a regular basis . the company 's critical accounting policies are subject to judgments and uncertainties which affect the application of such policies . the company uses historical experience and all available information to make these judgments and estimates . as discussed below the company 's financial position or results of operations may be materially different when reported under different conditions or when using different assumptions in the application of such policies . in the event estimates or assumptions prove to be different from actual amounts , adjustments are made in subsequent periods to reflect more current information . 19 the company 's critical accounting policies include : revenue recognition the company derives revenues from the sale of products and services . refer to note 1 to the company 's consolidated financial statements for a description of the company 's revenue recognition policies . although most of the company 's sales agreements contain standard terms and conditions , certain agreements non-standard terms and conditions . story_separator_special_tag this non-gaap disclosure has limitations as an analytical tool , should not be viewed as a substitute for net income determined in accordance with gaap , and should not be considered in isolation or as a substitute for analysis of the company 's results as reported under gaap , nor is it necessarily comparable to non-gaap performance measures that may be presented by other companies . in addition , supplemental presentation should not be construed as an inference that the company 's future results will be unaffected by similar adjustments to net income determined in accordance with gaap . the company believes ebitda is often a useful measure of a company 's operating performance and is a significant basis used by the company 's management to measure the operating performance of the company 's business because ebitda excludes charges for depreciation , amortization and interest expense that have resulted from our debt financings , as well as our provision for income tax expense . ebitda is frequently used as one of the bases for comparing businesses in the company 's industry . the company also believes that adjusted ebitda provides helpful information about the operating performance of its business . adjusted ebitda excludes stock compensation expense , as well as certain income or expenses which are not indicative of the ongoing performance of the company . ebitda and adjusted ebitda do not represent and should not be considered as an alternative to net income , operating income , net cash provided by operating activities or any other measure for determining operating performance or liquidity that is calculated in accordance with generally accepted accounting principles . 25 the company 's calculation of ebitda and adjusted ebitda for 2015 , 2014 and 2013 is as follows ( in thousands ) : replace_table_token_7_th allied motion 's management uses adjusted net income to assess the company 's consolidated financial and operating performance . adjusted net income is provided for informational purposes only and is not a measure of financial performance under generally accepted accounting principles . this measure helps management make decisions that are expected to facilitate meeting current financial goals as well as achieve optimal financial performance . adjusted net income provides management with a measure of financial performance of the company based on operational factors , including the profitability of assets on an economic basis , net of operating expenses , and the capital costs of the business on a consistent basis as it removes the impact of certain non-routine items from the company 's operating results . adjusted net income is a key metric used by senior management and the company 's board of directors to review the consolidated financial performance of the business . this measure adjusts net income determined in accordance with gaap to reflect changes in financial results associated with the highlighted charges and income items . the company 's calculation of adjusted net income and adjusted diluted earnings per share for years ended december 31 , 2015 , 2014 and 2013 is as follows ( in thousands ) : replace_table_token_8_th 26 constant currency presentation the company believes constant currency information provides valuable supplemental information that facilitates period-to-period comparisons of the company 's business performance . the constant currency presentation , which is a non-gaap measure , excludes the impact of fluctuations in foreign currency exchange rates for entities reporting in currencies other than us dollars . constant currency results are calculated by translating current period results in local currency using the prior year 's currency conversion rate . the following table reconciles reported amounts to constant currency amounts for 2015 and 2014. exchange rates did not have a material impact on 2014 compared to 2013 reported amounts . replace_table_token_9_th story_separator_special_tag roman `` size= `` 2 `` style= `` font-size:10.0pt ; `` > we have foreign operations in the netherlands , sweden , china , portugal , canada and mexico , which expose the company to foreign currency exchange rate fluctuations due to transactions denominated in euros , swedish krona , chinese yuan renminbi , canadian dollar and mexican pesos , respectively . we continuously evaluate our foreign currency risk and will take action from time to time in order to best mitigate these risks . a hypothetical 10 % change in the value of the u.s. dollar in relation to our most significant foreign currency exposures would have had an impact of approximately $ 7,000 on our 2015 sales . this amount is not indicative of the hypothetical net earnings impact due to partially offsetting impacts on cost of sales and operating expenses in those currencies . we estimate that foreign currency exchange rate fluctuations during the year ended december 31 , 2015 decreased sales in comparison to 2014 by approximately $ 15,400. we translate all assets and liabilities of our foreign operations , where the u.s. dollar is not the functional currency , at the period-end exchange rate and translate sales and expenses at the average exchange rates in effect during the period . the net effect of these translation adjustments is recorded in the condensed consolidated financial statements as comprehensive income . the translation adjustment was a loss of approximately $ 4,300 for the year ended december 31 , 2015 and a loss of $ 5,600 for the year ended december 31 , 2014. translation adjustments are not adjusted for income taxes as they relate to permanent investments in our foreign subsidiaries . net foreign currency transaction gains and losses included in other income , net amounted to gains of approximately $ 290 and $ 490 for 2015 and 2014 , respectively . a hypothetical 10 % change in the value of the u.s. dollar in relation to our most significant foreign currency net assets would have had an impact of approximately $ 4,370 on our foreign net assets as of december 31 , 2015. interest rates interest rates on our credit facility are based on the base rate plus a margin of 0.25 %

liquidity and capital resources the company 's liquidity position as measured by cash and cash equivalents increased by $ 8,165 , to a balance of $ 21,278 at december 31 , 2015 from 2014. replace_table_token_10_th during 2015 , the decrease in cash provided by operating activities is primarily due to lower net income offset by a decrease in working capital needs , primarily trade receivables that was related to the reduced number of days needed for collection in 2015 compared to 2014. the increase in cash provided by operating activities in 2014 compared to 2013 reflected a higher level of earnings , partially offset by an increase in working capital needs , particularly for income taxes payable . a tax payment of $ 2,656 related to the globe acquisition was made during the third quarter of 2014. net cash used in investing activities was lower in 2014 than in 2015 as the result of the receipt of a $ 1,434 purchase price adjustment related to the globe acquisition during the first quarter of 2014. this adjustment offset normal purchases of property , plant and equipment during 2014. during 2015 , purchases of property and equipment were $ 4,730 compared to 27 $ 4,046 for 2014. the significant cash used in 2013 for investing activities reflects the $ 90,000 acquisition of globemotors during the fourth quarter of that year .


 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 the company 's liquidity position as measured by cash and cash equivalents increased by $ 8,165 , to a balance of $ 21,278 at december 31 , 2015 from 2014. replace_table_token_10_th during 2015 , the decrease in cash provided by operating activities is primarily due to lower net income offset by a decrease in working capital needs , primarily trade receivables that was related to the reduced number of days needed for collection in 2015 compared to 2014. the increase in cash provided by operating activities in 2014 compared to 2013 reflected a higher level of earnings , partially offset by an increase in working capital needs , particularly for income taxes payable . a tax payment of $ 2,656 related to the globe acquisition was made during the third quarter of 2014. net cash used in investing activities was lower in 2014 than in 2015 as the result of the receipt of a $ 1,434 purchase price adjustment related to the globe acquisition during the first quarter of 2014. this adjustment offset normal purchases of property , plant and equipment during 2014. during 2015 , purchases of property and equipment were $ 4,730 compared to 27 $ 4,046 for 2014. the significant cash used in 2013 for investing activities reflects the $ 90,000 acquisition of globemotors during the fourth quarter of that year .
```    
 Suspicious Activity Report : we have set growth targets for our company and we will align and focus our resources to meet those targets . first and foremost , we invest in our people as we believe that attracting and retaining the right people is the most important element in our strategy . we also will continue to invest in applied and design engineering resources . strategic focus means that we will take action to address the critical issues that we believe are necessary to meet the stated long term goals and objectives of the company . given that we are focused on growth , the majority of the critical issues are focused on growth initiatives for the company . one of these growth initiatives includes product line platform development to meet the emerging needs of our selected target markets . our platform development emphasizes a combination of allied motion technologies to create increased value 18 solutions for our customers . the make-up of our new opportunities has evolved from individual component solutions to a majority of the new opportunities now utilizing multiple allied motion technologies . we believe this approach will allow us to provide increased value to our customers and improved margins for our company . our strong financial condition , along with allied systematic tools ( ast ) continuous improvement initiatives in quality , delivery , and cost allow us to have a positive outlook for the continued long term growth of our company . outlook for 2016 in 2016 , we will continue to focus on leveraging the growth synergies as provided by the globe acquisition in late 2013 and the january 2016 heidrive acquisition to expand our business in our served markets . with strong cash flows and a continually improving debt position , we will continue to evaluate and pursue strategic acquisitions to enhance our growth opportunities in the future . in addition , we will continue to execute the critical issues as defined by our strategy , developed in late 2013. the critical issues from that strategy include : 1 ) creating an effective corporate structure to leverage the resources and capabilities of the combined entity 2 ) implement a new erp system to provide the infrastructure necessary to support the planned growth of the company 3 ) launch a new/integrated website in the first quarter of 2016 to better meet the needs of our current business environment 4 ) plan and implement a structured approach to identify the requirements of our target markets and to create and implement solutions to ensure we meet the requirements of those markets 5 ) through the continued enhancement and development of our operational effectiveness team , implement ast to drive continuous improvement in all areas of our business allied motion is an applied technology/know-how motion company and to grow , we will continue to invest in the technical resources to ensure we can move forward with our mantra to create motion solutions that change the game and to meet the emerging needs of our customers in our served market segments . in support of our sales efforts , we have three solution centers ( united states , europe and asia ) that are providing the support required to sell multi-technology solutions . we have several new multi-product motion control solution wins that will be moving into production during 2016 in addition to a very active pipeline of new opportunities where our integrated solution capability has provided us with a competitive advantage . we anticipate that our investment in these key resources will help drive our growth now and in the future and we plan to continue investing in these resources during 2016. we further expect this shift from a component supplier to a more complete solutions provider , along with the application of ast , to drive margin improvement . our global production footprint provides us with the opportunity to be a good value proposition and supplier for global companies who require support around the world . we will continue to evaluate and find areas to leverage our current manufacturing and sales footprint to drive sales and improve efficiencies . we expect to continue our dividend program as we believe that our cash flows can support our growth initiatives and also reward our shareholders at the same time . further development and promotion of our parent brand , allied motion , will continue in 2016. a global structure has been defined and we intend to use that to our advantage in the marketplace . critical accounting policies the company has prepared its financial statements in conformity with accounting principles generally accepted in the united states , and these statements necessarily include some amounts that are based on informed judgments and estimates of management . the company 's significant accounting policies are discussed in note 1 of item 8 , financial statements and supplementary data of this report . the policies are reviewed on a regular basis . the company 's critical accounting policies are subject to judgments and uncertainties which affect the application of such policies . the company uses historical experience and all available information to make these judgments and estimates . as discussed below the company 's financial position or results of operations may be materially different when reported under different conditions or when using different assumptions in the application of such policies . in the event estimates or assumptions prove to be different from actual amounts , adjustments are made in subsequent periods to reflect more current information . 19 the company 's critical accounting policies include : revenue recognition the company derives revenues from the sale of products and services . refer to note 1 to the company 's consolidated financial statements for a description of the company 's revenue recognition policies . although most of the company 's sales agreements contain standard terms and conditions , certain agreements non-standard terms and conditions . story_separator_special_tag this non-gaap disclosure has limitations as an analytical tool , should not be viewed as a substitute for net income determined in accordance with gaap , and should not be considered in isolation or as a substitute for analysis of the company 's results as reported under gaap , nor is it necessarily comparable to non-gaap performance measures that may be presented by other companies . in addition , supplemental presentation should not be construed as an inference that the company 's future results will be unaffected by similar adjustments to net income determined in accordance with gaap . the company believes ebitda is often a useful measure of a company 's operating performance and is a significant basis used by the company 's management to measure the operating performance of the company 's business because ebitda excludes charges for depreciation , amortization and interest expense that have resulted from our debt financings , as well as our provision for income tax expense . ebitda is frequently used as one of the bases for comparing businesses in the company 's industry . the company also believes that adjusted ebitda provides helpful information about the operating performance of its business . adjusted ebitda excludes stock compensation expense , as well as certain income or expenses which are not indicative of the ongoing performance of the company . ebitda and adjusted ebitda do not represent and should not be considered as an alternative to net income , operating income , net cash provided by operating activities or any other measure for determining operating performance or liquidity that is calculated in accordance with generally accepted accounting principles . 25 the company 's calculation of ebitda and adjusted ebitda for 2015 , 2014 and 2013 is as follows ( in thousands ) : replace_table_token_7_th allied motion 's management uses adjusted net income to assess the company 's consolidated financial and operating performance . adjusted net income is provided for informational purposes only and is not a measure of financial performance under generally accepted accounting principles . this measure helps management make decisions that are expected to facilitate meeting current financial goals as well as achieve optimal financial performance . adjusted net income provides management with a measure of financial performance of the company based on operational factors , including the profitability of assets on an economic basis , net of operating expenses , and the capital costs of the business on a consistent basis as it removes the impact of certain non-routine items from the company 's operating results . adjusted net income is a key metric used by senior management and the company 's board of directors to review the consolidated financial performance of the business . this measure adjusts net income determined in accordance with gaap to reflect changes in financial results associated with the highlighted charges and income items . the company 's calculation of adjusted net income and adjusted diluted earnings per share for years ended december 31 , 2015 , 2014 and 2013 is as follows ( in thousands ) : replace_table_token_8_th 26 constant currency presentation the company believes constant currency information provides valuable supplemental information that facilitates period-to-period comparisons of the company 's business performance . the constant currency presentation , which is a non-gaap measure , excludes the impact of fluctuations in foreign currency exchange rates for entities reporting in currencies other than us dollars . constant currency results are calculated by translating current period results in local currency using the prior year 's currency conversion rate . the following table reconciles reported amounts to constant currency amounts for 2015 and 2014. exchange rates did not have a material impact on 2014 compared to 2013 reported amounts . replace_table_token_9_th story_separator_special_tag roman `` size= `` 2 `` style= `` font-size:10.0pt ; `` > we have foreign operations in the netherlands , sweden , china , portugal , canada and mexico , which expose the company to foreign currency exchange rate fluctuations due to transactions denominated in euros , swedish krona , chinese yuan renminbi , canadian dollar and mexican pesos , respectively . we continuously evaluate our foreign currency risk and will take action from time to time in order to best mitigate these risks . a hypothetical 10 % change in the value of the u.s. dollar in relation to our most significant foreign currency exposures would have had an impact of approximately $ 7,000 on our 2015 sales . this amount is not indicative of the hypothetical net earnings impact due to partially offsetting impacts on cost of sales and operating expenses in those currencies . we estimate that foreign currency exchange rate fluctuations during the year ended december 31 , 2015 decreased sales in comparison to 2014 by approximately $ 15,400. we translate all assets and liabilities of our foreign operations , where the u.s. dollar is not the functional currency , at the period-end exchange rate and translate sales and expenses at the average exchange rates in effect during the period . the net effect of these translation adjustments is recorded in the condensed consolidated financial statements as comprehensive income . the translation adjustment was a loss of approximately $ 4,300 for the year ended december 31 , 2015 and a loss of $ 5,600 for the year ended december 31 , 2014. translation adjustments are not adjusted for income taxes as they relate to permanent investments in our foreign subsidiaries . net foreign currency transaction gains and losses included in other income , net amounted to gains of approximately $ 290 and $ 490 for 2015 and 2014 , respectively . a hypothetical 10 % change in the value of the u.s. dollar in relation to our most significant foreign currency net assets would have had an impact of approximately $ 4,370 on our foreign net assets as of december 31 , 2015. interest rates interest rates on our credit facility are based on the base rate plus a margin of 0.25 %

