net sales for fiscal 2016 in the industrial/commercial sector increased $ 88.7 million , or 12.9 % , as compared to fiscal 2015 . the increase was primarily due to ramps of production for a major customer , which resulted in increased net sales of $ 221.2 million . partially offsetting the increase were decreases of $ 42.7 million related to the previously announced disengagement of a customer , $ 30.2 million that resulted from two customers revising their business models as a result of decreased end-market demand and $ 12.4 million due to pilot programs for three customers not transitioning into the production stage . the remaining decrease was due to decreased customer end-market demand , due in part to the downturn in the oil and gas markets . net sales for fiscal 2015 in the industrial/commercial sector increased $ 102.0 million , or 17.5 % , as compared to fiscal 2014. the increase was primarily due to a $ 45.6 million increase in net sales to a new customer in fiscal 2015 , a $ 36.8 million increase related to new programs with existing customers , a $ 24.4 million increase related to new customers secured in fiscal 2014 that ramped in fiscal 2015 , and several other customers with increased end-market demand . these increases were partially offset by a $ 22.1 million decrease due to the disengagement of a customer as a result of the inability to reach contractual terms , and several other customers with decreased end-market demand . networking/communications . net sales for fiscal 2016 in the networking/communications sector decreased $ 247.4 million , or 29.3 % , as compared to fiscal 2015 . the reduction in net sales was primarily driven by a $ 90.7 million decrease in net sales due to a previously announced program disengagement , a $ 75.8 million decrease in net sales to another customer that resulted from decreased end-market demand for one of its products and a $ 29.2 million decrease due to the disengagement of a customer . overall decreased end-market demand drove the remaining reduction in net sales during the year . partially offsetting the decreases was a $ 10.2 million increase in net sales due to the ramp of production of new programs for two existing customers . net sales for fiscal 2015 in the networking/communications sector increased $ 82.0 million , or 10.8 % , as compared to fiscal 2014. the change was primarily the result of a $ 50.1 million increase in net sales to a key customer as a result of increased end-market demand , a $ 36.1 million increase in net sales from one of our largest customers as a result of new product ramps and expansion of its end-market demand , and a $ 16.0 million increase related to a new customer . additionally , five customers ' net sales increased $ 37.5 million , in aggregate , primarily as a result of increased end-market demand as well as new program ramps . these increases were partially offset by a $ 19.8 million decrease due to a customer that experienced softening in its end-market demand , a $ 10.6 million decrease related to a customer disengagement and several other customers with decreased end-market demand . defense/security/aerospace . net sales for fiscal 2016 in the defense/security/aerospace sector increased $ 30.3 million , or 8.1 % , as compared to fiscal 2015 . the improvement was primarily attributable to increased net sales of $ 43.2 million that resulted from the ramp of production of new programs for several existing customers . these increases were partially offset by a decrease of $ 6.9 million due to program disengagements with two customers as well as a net decrease in customer end-market demand . 27 net sales for fiscal 2015 in the defense/security/aerospace sector increased $ 39.2 million , or 11.7 % , as compared to fiscal 2014. the increase was primarily driven by new program ramps and increased end-market demand spread among multiple customers . as a percentage of consolidated net sales , net sales attributable to customers representing 10 % or more of consolidated net sales as well as the percentage of net sales attributable to our ten largest customers for fiscal 2016 , 2015 and 2014 , were as follows : 2016 2015 2014 general electric company ( “ ge ” ) 11.1 % 10.6 % 11.2 % micron technology , inc. ( “ micron ” ) 10.4 % * * arris group , inc. ( “ arris ” ) 10.1 % 12.6 % 12.5 % top 10 customers 58.8 % 56.1 % 55.1 % * net sales attributable to the customer were less than 10.0 % of consolidated net sales for the period . cost of sales . cost of sales for fiscal 2016 decreased $ 86.1 million , or 3.6 % , as compared to fiscal 2015 . cost of sales is comprised primarily of material and component costs , labor costs , and overhead . during fiscal 2016 and 2015 , approximately 90.0 % of the total cost of sales was variable in nature and fluctuated with sales volumes . of this amount , approximately 88.0 % of these costs were related to material and component costs . as a result of using a cost-plus markup pricing arrangement with our customers , changes in costs typically result in corresponding changes in price , which generally results in an immaterial impact on gross profit . therefore , as expected , the decrease in cost of sales of 3.6 % as compared to fiscal 2015 was generally in line with the 3.7 % decrease in net sales . cost of sales decreased slightly less than the decrease in net sales primarily due to a $ 2.9 million increase in cost of sales that resulted from losses sustained from a typhoon that impacted the company 's manufacturing facilities in xiamen , china during the fiscal 2016 fourth quarter . story_separator_special_tag 31 net sales for fiscal 2015 in the apac segment increased $ 153.4 million , or 13.5 % , as compared to fiscal 2014. net sales increased in all market sectors with the most significant increase in the networking/communications sector , including a combined $ 62.8 million increase for three customers as a result of increased end-market demand and an aggregate $ 23.9 million increase related to program ramps for two customers . in addition , net sales to one of our largest customers in the healthcare/life sciences sector increased by $ 47.0 million . operating income increased $ 24.7 million in fiscal 2015 as compared to fiscal 2014 , primarily as a result of the increase in net sales as fixed manufacturing expenses and s & a for the segment were relatively stable in fiscal 2015 as compared to 2014. emea . net sales for fiscal 2016 in the emea segment increased $ 30.1 million , or 21.5 % , as compared to fiscal 2015 , primarily due to a $ 30.3 million increase in net sales due to the ramp of production of various new programs with several existing customers and $ 5.0 million from the ramp of production for a new customer . this was partially offset by a $ 3.8 million decrease as a result of a customer bringing the manufacturing of a program in house . the remaining decrease in net sales was due to a net decrease in customer end-market demand . operating loss decreased $ 4.4 million in fiscal 2016 as compared to fiscal 2015 primarily due to the impact of the net sales increase , while fixed costs remained relatively flat . net sales for fiscal 2015 in the emea segment increased $ 24.4 million , or 21.1 % , as compared to fiscal 2014 , primarily due to a combined increase of $ 18.7 million from three new customers , a $ 7.3 million increase to a networking/communications customer due to improved end-market demand and new product ramps , and increased end-market demand for several other customers . this was partially offset by a $ 7.2 million decrease as a result of end of life products along with the effects of decreased end-market demand for several other customers . operating loss decreased $ 3.8 million in fiscal 2015 as compared to fiscal 2014 primarily due to the increase in net sales and improved profitability for engineering-related services . 32 liquidity and capital resources story_separator_special_tag primarily driven by the decrease in annualized cost of sales due primarily to the decrease in net sales and the timing of purchases . days in cash deposits for the three months ended october 1 , 2016 increased one day compared to the three months ended october 3 , 2015 . the increase was primarily attributable to an increase in customer deposits primarily due to a deposit received from one customer to offset on-hand inventory . as of october 1 , 2016 annualized cash cycle days increased five days compared to october 3 , 2015 due to the factors discussed above . free cash flow . we define free cash flow ( “ fcf ” ) , a non-gaap financial measure , as cash flow provided by operations less capital expenditures . fcf was $ 96.6 million for fiscal 2016 compared to $ 41.5 million for fiscal 2015 . the increase of $ 55.1 million was primarily attributable to the increase in cash provided by operating activities described above and the reduction in capital expenditures . non-gaap financial measures , including fcf , are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance . in particular , we provide fcf because we believe it offers insight into the metrics that are driving management decisions . we view fcf as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value . fcf is a non-gaap financial measure that should be considered in addition to , not as a substitute for , measures of our financial performance prepared in accordance with gaap . a reconciliation of fcf to our financial statements that were prepared using gaap follows ( in millions ) : replace_table_token_11_th investing activities . cash flows used in investing activities were $ 26.5 million for fiscal 2016 compared to $ 34.7 million for fiscal 2015 . the reduction was due to a $ 4.0 million decrease in capital expenditures and a $ 4.2 million increase in proceeds received from the sale of property , plant and equipment , primarily related to the sale of our engineering facility in neenah , wisconsin . cash flows used in investing activities were $ 34.7 million for fiscal 2015 compared to $ 62.6 million for fiscal 2014. the reduction was due to a $ 30.2 million decrease in capital expenditures primarily related to our facility investment for guadalajara during fiscal 2014. we utilized available cash and operating cash flows as the sources for funding our operating requirements during fiscal 2016 . we currently estimate capital expenditures for fiscal 2017 will be approximately $ 50 million to $ 60 million . financing activities . cash flows used in financing activities were $ 21.3 million for fiscal 2016 compared to $ 26.2 million for fiscal 2015 . the decrease was primarily attributable to the $ 5.0 million increase in proceeds received from increased stock option exercise activity during fiscal 2016. cash flows used in financing activities were $ 26.2 million for fiscal 2015 compared to $ 21.0 million for fiscal 2014. the increase was primarily attributable to reduced proceeds from stock option exercises during fiscal 2015. on june 6 , 2016 , the board of directors approved a multi-year stock repurchase program under which the company is authorized to repurchase up to $ 150.0 million of its common stock beginning in fiscal 2017. we will repurchase shares subject to market conditions .

cash and cash equivalents were $ 433.0 million as of october 1 , 2016 as compared to $ 357.1 million as of october 3 , 2015 . as of october 1 , 2016 , 95.7 % of our cash and cash equivalents balances were held outside of the u.s. by our foreign subsidiaries . certain foreign countries impose taxes and overall penalties on transfers of cash . while our intent has been to permanently reinvest the funds held in these countries , from time to time we review and evaluate that strategy , particularly as the percentage of our cash balance held outside the u.s. has increased . during fiscal 2016 , the company repatriated $ 100.0 million of current year foreign earnings from the apac region to the u.s. , which had no income statement impact due to u.s. net operating losses , the use of u.s. tax credits and the reversal of the related valuation allowance . the repatriation does not impact the permanently reinvested assertions made by the company regarding prior period foreign earnings as the remittance was distributed exclusively from current year foreign earnings . the company does not have a history of repatriating foreign earnings by way of a taxable dividend and considers the fiscal 2016 remittance to be an isolated occurrence . the company does not anticipate a similar repatriation in the foreseeable future .


 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.
     ```cash and cash equivalents were $ 433.0 million as of october 1 , 2016 as compared to $ 357.1 million as of october 3 , 2015 . as of october 1 , 2016 , 95.7 % of our cash and cash equivalents balances were held outside of the u.s. by our foreign subsidiaries . certain foreign countries impose taxes and overall penalties on transfers of cash . while our intent has been to permanently reinvest the funds held in these countries , from time to time we review and evaluate that strategy , particularly as the percentage of our cash balance held outside the u.s. has increased . during fiscal 2016 , the company repatriated $ 100.0 million of current year foreign earnings from the apac region to the u.s. , which had no income statement impact due to u.s. net operating losses , the use of u.s. tax credits and the reversal of the related valuation allowance . the repatriation does not impact the permanently reinvested assertions made by the company regarding prior period foreign earnings as the remittance was distributed exclusively from current year foreign earnings . the company does not have a history of repatriating foreign earnings by way of a taxable dividend and considers the fiscal 2016 remittance to be an isolated occurrence . the company does not anticipate a similar repatriation in the foreseeable future .
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 Suspicious Activity Report : net sales for fiscal 2016 in the industrial/commercial sector increased $ 88.7 million , or 12.9 % , as compared to fiscal 2015 . the increase was primarily due to ramps of production for a major customer , which resulted in increased net sales of $ 221.2 million . partially offsetting the increase were decreases of $ 42.7 million related to the previously announced disengagement of a customer , $ 30.2 million that resulted from two customers revising their business models as a result of decreased end-market demand and $ 12.4 million due to pilot programs for three customers not transitioning into the production stage . the remaining decrease was due to decreased customer end-market demand , due in part to the downturn in the oil and gas markets . net sales for fiscal 2015 in the industrial/commercial sector increased $ 102.0 million , or 17.5 % , as compared to fiscal 2014. the increase was primarily due to a $ 45.6 million increase in net sales to a new customer in fiscal 2015 , a $ 36.8 million increase related to new programs with existing customers , a $ 24.4 million increase related to new customers secured in fiscal 2014 that ramped in fiscal 2015 , and several other customers with increased end-market demand . these increases were partially offset by a $ 22.1 million decrease due to the disengagement of a customer as a result of the inability to reach contractual terms , and several other customers with decreased end-market demand . networking/communications . net sales for fiscal 2016 in the networking/communications sector decreased $ 247.4 million , or 29.3 % , as compared to fiscal 2015 . the reduction in net sales was primarily driven by a $ 90.7 million decrease in net sales due to a previously announced program disengagement , a $ 75.8 million decrease in net sales to another customer that resulted from decreased end-market demand for one of its products and a $ 29.2 million decrease due to the disengagement of a customer . overall decreased end-market demand drove the remaining reduction in net sales during the year . partially offsetting the decreases was a $ 10.2 million increase in net sales due to the ramp of production of new programs for two existing customers . net sales for fiscal 2015 in the networking/communications sector increased $ 82.0 million , or 10.8 % , as compared to fiscal 2014. the change was primarily the result of a $ 50.1 million increase in net sales to a key customer as a result of increased end-market demand , a $ 36.1 million increase in net sales from one of our largest customers as a result of new product ramps and expansion of its end-market demand , and a $ 16.0 million increase related to a new customer . additionally , five customers ' net sales increased $ 37.5 million , in aggregate , primarily as a result of increased end-market demand as well as new program ramps . these increases were partially offset by a $ 19.8 million decrease due to a customer that experienced softening in its end-market demand , a $ 10.6 million decrease related to a customer disengagement and several other customers with decreased end-market demand . defense/security/aerospace . net sales for fiscal 2016 in the defense/security/aerospace sector increased $ 30.3 million , or 8.1 % , as compared to fiscal 2015 . the improvement was primarily attributable to increased net sales of $ 43.2 million that resulted from the ramp of production of new programs for several existing customers . these increases were partially offset by a decrease of $ 6.9 million due to program disengagements with two customers as well as a net decrease in customer end-market demand . 27 net sales for fiscal 2015 in the defense/security/aerospace sector increased $ 39.2 million , or 11.7 % , as compared to fiscal 2014. the increase was primarily driven by new program ramps and increased end-market demand spread among multiple customers . as a percentage of consolidated net sales , net sales attributable to customers representing 10 % or more of consolidated net sales as well as the percentage of net sales attributable to our ten largest customers for fiscal 2016 , 2015 and 2014 , were as follows : 2016 2015 2014 general electric company ( “ ge ” ) 11.1 % 10.6 % 11.2 % micron technology , inc. ( “ micron ” ) 10.4 % * * arris group , inc. ( “ arris ” ) 10.1 % 12.6 % 12.5 % top 10 customers 58.8 % 56.1 % 55.1 % * net sales attributable to the customer were less than 10.0 % of consolidated net sales for the period . cost of sales . cost of sales for fiscal 2016 decreased $ 86.1 million , or 3.6 % , as compared to fiscal 2015 . cost of sales is comprised primarily of material and component costs , labor costs , and overhead . during fiscal 2016 and 2015 , approximately 90.0 % of the total cost of sales was variable in nature and fluctuated with sales volumes . of this amount , approximately 88.0 % of these costs were related to material and component costs . as a result of using a cost-plus markup pricing arrangement with our customers , changes in costs typically result in corresponding changes in price , which generally results in an immaterial impact on gross profit . therefore , as expected , the decrease in cost of sales of 3.6 % as compared to fiscal 2015 was generally in line with the 3.7 % decrease in net sales . cost of sales decreased slightly less than the decrease in net sales primarily due to a $ 2.9 million increase in cost of sales that resulted from losses sustained from a typhoon that impacted the company 's manufacturing facilities in xiamen , china during the fiscal 2016 fourth quarter . story_separator_special_tag 31 net sales for fiscal 2015 in the apac segment increased $ 153.4 million , or 13.5 % , as compared to fiscal 2014. net sales increased in all market sectors with the most significant increase in the networking/communications sector , including a combined $ 62.8 million increase for three customers as a result of increased end-market demand and an aggregate $ 23.9 million increase related to program ramps for two customers . in addition , net sales to one of our largest customers in the healthcare/life sciences sector increased by $ 47.0 million . operating income increased $ 24.7 million in fiscal 2015 as compared to fiscal 2014 , primarily as a result of the increase in net sales as fixed manufacturing expenses and s & a for the segment were relatively stable in fiscal 2015 as compared to 2014. emea . net sales for fiscal 2016 in the emea segment increased $ 30.1 million , or 21.5 % , as compared to fiscal 2015 , primarily due to a $ 30.3 million increase in net sales due to the ramp of production of various new programs with several existing customers and $ 5.0 million from the ramp of production for a new customer . this was partially offset by a $ 3.8 million decrease as a result of a customer bringing the manufacturing of a program in house . the remaining decrease in net sales was due to a net decrease in customer end-market demand . operating loss decreased $ 4.4 million in fiscal 2016 as compared to fiscal 2015 primarily due to the impact of the net sales increase , while fixed costs remained relatively flat . net sales for fiscal 2015 in the emea segment increased $ 24.4 million , or 21.1 % , as compared to fiscal 2014 , primarily due to a combined increase of $ 18.7 million from three new customers , a $ 7.3 million increase to a networking/communications customer due to improved end-market demand and new product ramps , and increased end-market demand for several other customers . this was partially offset by a $ 7.2 million decrease as a result of end of life products along with the effects of decreased end-market demand for several other customers . operating loss decreased $ 3.8 million in fiscal 2015 as compared to fiscal 2014 primarily due to the increase in net sales and improved profitability for engineering-related services . 32 liquidity and capital resources story_separator_special_tag primarily driven by the decrease in annualized cost of sales due primarily to the decrease in net sales and the timing of purchases . days in cash deposits for the three months ended october 1 , 2016 increased one day compared to the three months ended october 3 , 2015 . the increase was primarily attributable to an increase in customer deposits primarily due to a deposit received from one customer to offset on-hand inventory . as of october 1 , 2016 annualized cash cycle days increased five days compared to october 3 , 2015 due to the factors discussed above . free cash flow . we define free cash flow ( “ fcf ” ) , a non-gaap financial measure , as cash flow provided by operations less capital expenditures . fcf was $ 96.6 million for fiscal 2016 compared to $ 41.5 million for fiscal 2015 . the increase of $ 55.1 million was primarily attributable to the increase in cash provided by operating activities described above and the reduction in capital expenditures . non-gaap financial measures , including fcf , are used for internal management assessments because such measures provide additional insight to investors into ongoing financial performance . in particular , we provide fcf because we believe it offers insight into the metrics that are driving management decisions . we view fcf as an important financial metric as it demonstrates our ability to generate cash and can allow us to pursue opportunities that enhance shareholder value . fcf is a non-gaap financial measure that should be considered in addition to , not as a substitute for , measures of our financial performance prepared in accordance with gaap . a reconciliation of fcf to our financial statements that were prepared using gaap follows ( in millions ) : replace_table_token_11_th investing activities . cash flows used in investing activities were $ 26.5 million for fiscal 2016 compared to $ 34.7 million for fiscal 2015 . the reduction was due to a $ 4.0 million decrease in capital expenditures and a $ 4.2 million increase in proceeds received from the sale of property , plant and equipment , primarily related to the sale of our engineering facility in neenah , wisconsin . cash flows used in investing activities were $ 34.7 million for fiscal 2015 compared to $ 62.6 million for fiscal 2014. the reduction was due to a $ 30.2 million decrease in capital expenditures primarily related to our facility investment for guadalajara during fiscal 2014. we utilized available cash and operating cash flows as the sources for funding our operating requirements during fiscal 2016 . we currently estimate capital expenditures for fiscal 2017 will be approximately $ 50 million to $ 60 million . financing activities . cash flows used in financing activities were $ 21.3 million for fiscal 2016 compared to $ 26.2 million for fiscal 2015 . the decrease was primarily attributable to the $ 5.0 million increase in proceeds received from increased stock option exercise activity during fiscal 2016. cash flows used in financing activities were $ 26.2 million for fiscal 2015 compared to $ 21.0 million for fiscal 2014. the increase was primarily attributable to reduced proceeds from stock option exercises during fiscal 2015. on june 6 , 2016 , the board of directors approved a multi-year stock repurchase program under which the company is authorized to repurchase up to $ 150.0 million of its common stock beginning in fiscal 2017. we will repurchase shares subject to market conditions .

