unfavorable impacts from the global economy and consumer spending together with exchange rate fluctuations could continue to negatively impact our net revenues in our fiscal year 2017. we continually work to offset currency movements through hedging strategies designed to minimize the volatility of results and dampen large fluctuations . however , as our revenue hedging instruments cover a period of up to 12 months , the hedging conducted a year ago is expected to deliver little benefit to offset the stronger dollar against other major currencies in fiscal year 2017. revenues from our consumer products channel are seasonal and typically strongest in our third fiscal quarter , which includes the majority of the holiday shopping season . additionally , other factors directly impact our consumer product category performance , such as consumer preferences , changes in consumer confidence and other macroeconomic factors , product life-cycles ( including the introduction and pace of adoption of new technology ) , and the competitive retail environment . our consumer business continues to be impacted by a decline in sales volumes in our mono bluetooth products as the market for these products contracts . the unit volumes in our stereo bluetooth category increased slightly when compared to the prior fiscal year , driven primarily by our newer generation of products . we anticipate that these newer products and other planned investments in the consumer category will allow us to better compete in these consumer product categories as they continue to expand . while we have been building our stereo portfolio over the last several years , it is not yet as robust as our mono bluetooth portfolio of products . as a result of these market changes , we have reduced the amount we expect to invest in non-premium mono bluetooth portfolio while shifting that investment toward additional stereo bluetooth products . this shift toward entertainment solutions is important to our long-term brand position . 27 due to slower than anticipated growth of uc revenues , combined with the negative impact of a strengthening dollar , and a sharp decrease in the u.s. mono bluetooth market , our fiscal year 2016 revenues declined year over year , causing us to make some necessary changes to reduce our cost structure . during the third quarter of fiscal year 2016 we initiated a restructuring plan to better align expenses to our revenue and gross margin profile and position us for improved operating performance . under that plan , we reduced costs through voluntary and involuntary elimination of certain positions throughout the organization in the u.s. , mexico , china , and europe . the restructuring actions have resulted in pre-tax charges of approximately $ 16.2 million in our fiscal year 2016. looking forward to fiscal year 2017 , uc continues to be our primary focus area . with the vast majority of the uc opportunity still ahead of us , we believe we are in the beginning stage of a potentially long period of growth . we believe uc represents our key long-term driver of revenue and profit growth , as we anticipate uc systems will become more commonly adopted by enterprises to reduce costs and improve collaboration . we believe growth of uc will increase overall headset adoption in enterprise environments , and we expect most of the growth in our enterprise product category over the next five years to come from headsets designed for uc . in addition , in fiscal year 2017 we are expecting to launch new peripheral `` as-a-service `` offerings which we anticipate will complement our existing suite of product offerings as we move toward a hybrid business model of hardware , software , and services . we believe these enhanced offerings will allow us to expand the reach of our solutions portfolio and scale for growth . our aim is to simplify our customers ' experience and drive a baseline of experiences across our portfolio . during our fiscal year 2017 , we will strive to transform data into actionable insights for our customers through software solutions that will offer reporting on asset management , usage , and conversation/acoustic health . in order to achieve these objectives , we will redefine our sales and marketing relationships and harmonize goals across these organizations to ensure we are working toward the same shared vision and go-to-market strategy . we remain cautious about the macroeconomic environment , based on uncertainty around fiscal policy in the u.s. , as well as broader economic uncertainty in many parts of europe and asia pacific , which makes it difficult for us to gauge what impact the economy may have on our future business , and the fact that the uc opportunity has not matured as quickly as we initially anticipated . we will continue to monitor our expenditures and prioritize expenditures that further our strategic long-term growth opportunities such as innovative product development in our core research and development efforts , including the use of software and services as part of our portfolio . uc will also remain the central focus of our sales force , marketing group , and other customer service and support teams as we continue investing in key strategic alliances and integrations with major uc vendors . results of operations the following tables set forth , for the periods indicated , the consolidated statements of operations data . the financial information and the ensuing discussion should be read in conjunction with the accompanying consolidated financial statements and notes thereto . net revenues replace_table_token_3_th enterprise products represent our largest source of revenues , while consumer products represent our largest unit volumes . net revenues may vary due to seasonality , the timing of new product introductions and discontinuation of existing products , discounts and other incentives , and channel mix . net revenues derived from sales of consumer products into the retail channel typically account for a seasonal increase in net revenues in the third quarter of our fiscal year . story_separator_special_tag 33 we anticipate our capital expenditures in fiscal year 2017 to be approximately $ 25.0 million to $ 30.0 million , related to costs associated with the purchase and related construction of a new smarter working office for our european headquarters in the netherlands as well as costs associated with building and leasehold improvements at our u.s. headquarters , the implementation of a manufacturing execution system at our facility in mexico , and other it-related expenditures . the remainder of the anticipated capital expenditures for fiscal year 2017 consist primarily of capital investment in our manufacturing capabilities , including tooling for new products . we will continue to evaluate new business opportunities and new markets ; as a result , our future growth within the existing business or new opportunities and markets may dictate the need for additional facilities and capital expenditures to support that growth . financing activities net cash used for financing activities during the year ended march 31 , 2016 decreased from the year ended march 31 , 2015 primarily driven by net proceeds received from issuance of the 5.50 % senior notes partially offset by an increase in the level of common stock repurchases . net cash used for financing activities during the year ended march 31 , 2015 increased from the year ended march 31 , 2014 due to an increase in the level of common stock repurchases and an increase in our quarterly dividend beginning in the first quarter of our fiscal year 2015. these items were partially offset by an increase in proceeds from our revolving line of credit . on may 3 , 2016 , we announced that our audit committee of the board of directors ( `` the audit committee `` ) had declared a cash dividend of $ 0.15 per share of our common stock , payable on june 10 , 2016 to stockholders of record at the close of business on may 20 , 2016 . we expect to continue paying a quarterly dividend of $ 0.15 per share of our common stock ; however , the actual declaration of dividends and the establishment of record and payment dates are subject to final determination by the audit committee each quarter after its review of our financial performance and financial position . story_separator_special_tag font style= `` font-family : inherit ; font-size:10pt ; `` > per annum . principal , together with all accrued and unpaid interest , on the revolving loans is due and payable on may 9 , 2019 . the company is also obligated to pay a commitment fee of 0.37 % per annum on the average daily unused amount of the revolving line of credit , which fee shall be payable quarterly in arrears . the company may prepay the loans and terminate the commitments under the amended credit agreement at any time , without premium or penalty , subject to the reimbursement of certain costs . as of march 31 , 2016 the company had no outstanding borrowings under the line of credit . the line of credit requires us to comply with the following two financial covenant ratios , in each case at each fiscal quarter end and determined on a rolling four-quarter basis : maximum ratio of funded debt to earnings before interest , taxes , depreciation and amortization ( `` ebitda `` ) ; and , minimum ebitda coverage ratio , which is calculated as interest payments divided by ebitda . in addition , we and our subsidiaries are required to maintain unrestricted cash , cash equivalents and marketable securities plus availability under the amended credit agreement at the end of each fiscal quarter of at least $ 300.0 million . the amended credit agreement contains customary events of default that include , among other things , payment defaults , covenant defaults , cross-defaults with certain other indebtedness , bankruptcy and insolvency defaults , and judgment defaults . the occurrence of an event of default could result in the acceleration of the obligations under the amended credit agreement . as of march 31 , 2016 , we were in breach of our debt to ebitda ratio covenant but in compliance with all other ratios and covenants by a substantial margin . on may 2 , 2016 , we received a waiver from the lender for noncompliance with the minimum ebitda covenant at march 31 , 2016. pursuant to the terms of the waiver and amendment to the credit agreement , the $ 16.2 million of restructuring charges recorded in our fiscal year 2016 will be excluded from the lender 's rolling four-quarter ebitda calculation . this exclusion of restructuring charges does not automatically extend to any such future charges , should they be incurred . this breach is not considered to be a cross-default on our 5.50 % senior notes and as such has no impact on the amount or timing of amounts payable related to these debt instruments . our liquidity , capital resources , and results of operations in any period could be affected by repurchases of our common stock , the payment of cash dividends , the exercise of outstanding stock options , restricted stock grants under stock plans , and the issuance of common stock under our espp . we receive cash from the exercise of outstanding stock options under our stock plan and the issuance of shares under our espp . however , the resulting increase in the number of outstanding shares from these equity grants and issuances could affect our earnings per share . we can not predict the timing or amount of proceeds from the sale or exercise of these securities or whether they will be exercised , forfeited , canceled , or will expire . we believe that our current cash and cash equivalents , short-term investments , cash provided by operations , and the availability of additional funds under the amended credit agreement will be sufficient to fund operations for at least the next

liquidity and capital resources our primary discretionary cash uses have historically been for repurchases of our common stock and dividend payments . at march 31 , 2016 , we had working capital of $ 487.8 million , including $ 395.3 million of cash , cash equivalents , and short-term investments , compared to working capital of $ 507.8 million , including $ 374.7 million of cash , cash equivalents , and short-term investments at march 31 , 2015 . the decrease in working capital at march 31 , 2016 compared to march 31 , 2015 results from the decrease in accounts receivable and increase in accounts payable both due primarily to improved working capital management . our cash and cash equivalents as of march 31 , 2016 consist of bank deposits with third party financial institutions , commercial paper , and corporate bonds . we monitor bank balances in our operating accounts and adjust the balances as appropriate . cash balances are held throughout the world , including substantial amounts held outside of the u.s. as of march 31 , 2016 , of our $ 395.3 million of cash , cash equivalents , and short-term investments , $ 40.9 million is held domestically while $ 354.4 million is held by foreign subsidiaries , approximately 90 % of which were based in u.s. dollar-denominated holdings .


 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 primary discretionary cash uses have historically been for repurchases of our common stock and dividend payments . at march 31 , 2016 , we had working capital of $ 487.8 million , including $ 395.3 million of cash , cash equivalents , and short-term investments , compared to working capital of $ 507.8 million , including $ 374.7 million of cash , cash equivalents , and short-term investments at march 31 , 2015 . the decrease in working capital at march 31 , 2016 compared to march 31 , 2015 results from the decrease in accounts receivable and increase in accounts payable both due primarily to improved working capital management . our cash and cash equivalents as of march 31 , 2016 consist of bank deposits with third party financial institutions , commercial paper , and corporate bonds . we monitor bank balances in our operating accounts and adjust the balances as appropriate . cash balances are held throughout the world , including substantial amounts held outside of the u.s. as of march 31 , 2016 , of our $ 395.3 million of cash , cash equivalents , and short-term investments , $ 40.9 million is held domestically while $ 354.4 million is held by foreign subsidiaries , approximately 90 % of which were based in u.s. dollar-denominated holdings .
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 Suspicious Activity Report : unfavorable impacts from the global economy and consumer spending together with exchange rate fluctuations could continue to negatively impact our net revenues in our fiscal year 2017. we continually work to offset currency movements through hedging strategies designed to minimize the volatility of results and dampen large fluctuations . however , as our revenue hedging instruments cover a period of up to 12 months , the hedging conducted a year ago is expected to deliver little benefit to offset the stronger dollar against other major currencies in fiscal year 2017. revenues from our consumer products channel are seasonal and typically strongest in our third fiscal quarter , which includes the majority of the holiday shopping season . additionally , other factors directly impact our consumer product category performance , such as consumer preferences , changes in consumer confidence and other macroeconomic factors , product life-cycles ( including the introduction and pace of adoption of new technology ) , and the competitive retail environment . our consumer business continues to be impacted by a decline in sales volumes in our mono bluetooth products as the market for these products contracts . the unit volumes in our stereo bluetooth category increased slightly when compared to the prior fiscal year , driven primarily by our newer generation of products . we anticipate that these newer products and other planned investments in the consumer category will allow us to better compete in these consumer product categories as they continue to expand . while we have been building our stereo portfolio over the last several years , it is not yet as robust as our mono bluetooth portfolio of products . as a result of these market changes , we have reduced the amount we expect to invest in non-premium mono bluetooth portfolio while shifting that investment toward additional stereo bluetooth products . this shift toward entertainment solutions is important to our long-term brand position . 27 due to slower than anticipated growth of uc revenues , combined with the negative impact of a strengthening dollar , and a sharp decrease in the u.s. mono bluetooth market , our fiscal year 2016 revenues declined year over year , causing us to make some necessary changes to reduce our cost structure . during the third quarter of fiscal year 2016 we initiated a restructuring plan to better align expenses to our revenue and gross margin profile and position us for improved operating performance . under that plan , we reduced costs through voluntary and involuntary elimination of certain positions throughout the organization in the u.s. , mexico , china , and europe . the restructuring actions have resulted in pre-tax charges of approximately $ 16.2 million in our fiscal year 2016. looking forward to fiscal year 2017 , uc continues to be our primary focus area . with the vast majority of the uc opportunity still ahead of us , we believe we are in the beginning stage of a potentially long period of growth . we believe uc represents our key long-term driver of revenue and profit growth , as we anticipate uc systems will become more commonly adopted by enterprises to reduce costs and improve collaboration . we believe growth of uc will increase overall headset adoption in enterprise environments , and we expect most of the growth in our enterprise product category over the next five years to come from headsets designed for uc . in addition , in fiscal year 2017 we are expecting to launch new peripheral `` as-a-service `` offerings which we anticipate will complement our existing suite of product offerings as we move toward a hybrid business model of hardware , software , and services . we believe these enhanced offerings will allow us to expand the reach of our solutions portfolio and scale for growth . our aim is to simplify our customers ' experience and drive a baseline of experiences across our portfolio . during our fiscal year 2017 , we will strive to transform data into actionable insights for our customers through software solutions that will offer reporting on asset management , usage , and conversation/acoustic health . in order to achieve these objectives , we will redefine our sales and marketing relationships and harmonize goals across these organizations to ensure we are working toward the same shared vision and go-to-market strategy . we remain cautious about the macroeconomic environment , based on uncertainty around fiscal policy in the u.s. , as well as broader economic uncertainty in many parts of europe and asia pacific , which makes it difficult for us to gauge what impact the economy may have on our future business , and the fact that the uc opportunity has not matured as quickly as we initially anticipated . we will continue to monitor our expenditures and prioritize expenditures that further our strategic long-term growth opportunities such as innovative product development in our core research and development efforts , including the use of software and services as part of our portfolio . uc will also remain the central focus of our sales force , marketing group , and other customer service and support teams as we continue investing in key strategic alliances and integrations with major uc vendors . results of operations the following tables set forth , for the periods indicated , the consolidated statements of operations data . the financial information and the ensuing discussion should be read in conjunction with the accompanying consolidated financial statements and notes thereto . net revenues replace_table_token_3_th enterprise products represent our largest source of revenues , while consumer products represent our largest unit volumes . net revenues may vary due to seasonality , the timing of new product introductions and discontinuation of existing products , discounts and other incentives , and channel mix . net revenues derived from sales of consumer products into the retail channel typically account for a seasonal increase in net revenues in the third quarter of our fiscal year . story_separator_special_tag 33 we anticipate our capital expenditures in fiscal year 2017 to be approximately $ 25.0 million to $ 30.0 million , related to costs associated with the purchase and related construction of a new smarter working office for our european headquarters in the netherlands as well as costs associated with building and leasehold improvements at our u.s. headquarters , the implementation of a manufacturing execution system at our facility in mexico , and other it-related expenditures . the remainder of the anticipated capital expenditures for fiscal year 2017 consist primarily of capital investment in our manufacturing capabilities , including tooling for new products . we will continue to evaluate new business opportunities and new markets ; as a result , our future growth within the existing business or new opportunities and markets may dictate the need for additional facilities and capital expenditures to support that growth . financing activities net cash used for financing activities during the year ended march 31 , 2016 decreased from the year ended march 31 , 2015 primarily driven by net proceeds received from issuance of the 5.50 % senior notes partially offset by an increase in the level of common stock repurchases . net cash used for financing activities during the year ended march 31 , 2015 increased from the year ended march 31 , 2014 due to an increase in the level of common stock repurchases and an increase in our quarterly dividend beginning in the first quarter of our fiscal year 2015. these items were partially offset by an increase in proceeds from our revolving line of credit . on may 3 , 2016 , we announced that our audit committee of the board of directors ( `` the audit committee `` ) had declared a cash dividend of $ 0.15 per share of our common stock , payable on june 10 , 2016 to stockholders of record at the close of business on may 20 , 2016 . we expect to continue paying a quarterly dividend of $ 0.15 per share of our common stock ; however , the actual declaration of dividends and the establishment of record and payment dates are subject to final determination by the audit committee each quarter after its review of our financial performance and financial position . story_separator_special_tag font style= `` font-family : inherit ; font-size:10pt ; `` > per annum . principal , together with all accrued and unpaid interest , on the revolving loans is due and payable on may 9 , 2019 . the company is also obligated to pay a commitment fee of 0.37 % per annum on the average daily unused amount of the revolving line of credit , which fee shall be payable quarterly in arrears . the company may prepay the loans and terminate the commitments under the amended credit agreement at any time , without premium or penalty , subject to the reimbursement of certain costs . as of march 31 , 2016 the company had no outstanding borrowings under the line of credit . the line of credit requires us to comply with the following two financial covenant ratios , in each case at each fiscal quarter end and determined on a rolling four-quarter basis : maximum ratio of funded debt to earnings before interest , taxes , depreciation and amortization ( `` ebitda `` ) ; and , minimum ebitda coverage ratio , which is calculated as interest payments divided by ebitda . in addition , we and our subsidiaries are required to maintain unrestricted cash , cash equivalents and marketable securities plus availability under the amended credit agreement at the end of each fiscal quarter of at least $ 300.0 million . the amended credit agreement contains customary events of default that include , among other things , payment defaults , covenant defaults , cross-defaults with certain other indebtedness , bankruptcy and insolvency defaults , and judgment defaults . the occurrence of an event of default could result in the acceleration of the obligations under the amended credit agreement . as of march 31 , 2016 , we were in breach of our debt to ebitda ratio covenant but in compliance with all other ratios and covenants by a substantial margin . on may 2 , 2016 , we received a waiver from the lender for noncompliance with the minimum ebitda covenant at march 31 , 2016. pursuant to the terms of the waiver and amendment to the credit agreement , the $ 16.2 million of restructuring charges recorded in our fiscal year 2016 will be excluded from the lender 's rolling four-quarter ebitda calculation . this exclusion of restructuring charges does not automatically extend to any such future charges , should they be incurred . this breach is not considered to be a cross-default on our 5.50 % senior notes and as such has no impact on the amount or timing of amounts payable related to these debt instruments . our liquidity , capital resources , and results of operations in any period could be affected by repurchases of our common stock , the payment of cash dividends , the exercise of outstanding stock options , restricted stock grants under stock plans , and the issuance of common stock under our espp . we receive cash from the exercise of outstanding stock options under our stock plan and the issuance of shares under our espp . however , the resulting increase in the number of outstanding shares from these equity grants and issuances could affect our earnings per share . we can not predict the timing or amount of proceeds from the sale or exercise of these securities or whether they will be exercised , forfeited , canceled , or will expire . we believe that our current cash and cash equivalents , short-term investments , cash provided by operations , and the availability of additional funds under the amended credit agreement will be sufficient to fund operations for at least the next

