the following tables summarize revenues and same-store sales by concept , as well as the reasons for the percentage change : replace_table_token_10_th _ ( 1 ) same-store sales are calculated on a daily basis as the total change in sales for company-owned locations which were open on a specific day of the week during the current period and the corresponding prior period . quarterly and fiscal year same-store sales are the sum of the same-store sales computed on a daily basis . locations relocated within a one mile radius are included in same-store sales as they are considered to have been open in the prior period . international same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation . decreases in consolidated revenues were driven by the following : replace_table_token_11_th same-store sales by concept by fiscal year are detailed in the table below : replace_table_token_12_th 23 the same-store sales decrease of 4.8 % during fiscal year 2014 was due to a 6.1 % decrease in guest visits , partly offset by a 1.3 % increase in average ticket . we closed 322 and 492 salons ( including 63 and 69 franchised salons ) during fiscal years 2014 and 2013 , respectively . the company constructed ( net of relocations ) 127 company-owned salons during fiscal year 2014 . during fiscal year 2014 , we acquired 2 company-owned salons via franchise buybacks . we did not acquire any company-owned locations during fiscal year 2013 . the same-store sales decrease of 2.4 % during fiscal year 2013 was due to a 3.0 % decrease in guest visits , partly offset by a 0.6 % increase in average ticket . we closed 492 and 384 salons ( including 69 and 51 franchised salons ) during fiscal years 2013 and 2012 , respectively . the company constructed ( net of relocations ) 153 company-owned salons during fiscal year 2013. we did not acquire any company-owned salons during fiscal year 2013 compared to 13 company-owned salons ( including 11 franchise buybacks ) during fiscal year 2012. the same-store sales decrease of 3.5 % during fiscal year 2012 was due to a 3.4 % decrease in guest visits and 0.1 % decrease in average ticket . we acquired 13 company-owned salons ( including 11 franchise buybacks ) during fiscal year 2012 compared to 105 company-owned salons ( including 78 franchise buybacks ) during fiscal year 2011. the company constructed ( net of relocations ) 166 company-owned salons during fiscal year 2012. we closed 384 and 305 salons ( including 51 and 60 franchised salons ) during fiscal years 2012 and 2011 , respectively . consolidated revenues are primarily comprised of service and product revenues , as well as franchise royalties and fees . fluctuations in these three major revenue categories , operating expenses and other income and expense were as follows : service revenues the $ 83.8 million decrease in service revenues during fiscal year 2014 was primarily due to the 3.4 % decrease in same-store services sales and the closure of 259 company-owned salons . the decrease in same-store services sales was primarily a result of a 4.9 % decrease in same-store guest visits , partly offset by a 1.5 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 127 company-owned salons during fiscal year 2014. the $ 80.0 million decrease in service revenues during fiscal year 2013 was primarily due to the closure of 423 company-owned salons , same-store service sales decreasing 2.0 % and the comparable prior period including an additional day from leap year . the decrease in same-store services sales was primarily a result of a 2.3 % decrease in same-store guest visits , partly offset by a 0.3 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 153 company-owned salons during fiscal year 2013. the $ 51.5 million decrease in service revenues during fiscal year 2012 was primarily due the closure of 333 company-owned salons and same-store service sales decreasing 3.7 % . the decrease in same-store services sales was primarily a result of a 3.1 % decrease in same-store guest visits and a 0.6 % decrease in average ticket due to promotional programs designed to generate additional guest visits . partly offsetting the decrease was growth from construction ( net of relocations ) of 166 company-owned salons and acquisition of 13 company-owned salons during fiscal year 2012 and the additional day from leap year . product revenues the $ 44.3 million decrease in product revenues during fiscal year 2014 was primarily due to same-store product sales decreasing 10.3 % and the closure of 259 company-owned salons . this was partly offset by an increase in product sales to franchisees primarily due to increases in franchised locations and product sales from 127 newly constructed company-owned salons ( net of relocations ) during fiscal year 2014 . the decrease in same-store product sales was primarily a result of a 14.7 % decrease in same-store guest visits , partly offset by a 4.4 % increase in average ticket . the $ 24.3 million decrease in product revenues during fiscal year 2013 was primarily due to same-store product sales decreasing 3.9 % , the closure of 423 company-owned salons and the comparable prior period including an additional day from leap year , partly offset by an increase in product sales to franchisees primarily due to increases in franchised locations and product sales from 153 newly constructed company-owned salons ( net of relocations ) during fiscal year 2013. the decrease in same-store product sales was primarily a result of a 6.5 % decrease in same-store guest visits , partly offset by a 2.6 % increase in average ticket . story_separator_special_tag the loss in affiliated companies , net of taxes for fiscal year 2013 was primarily due to the company 's $ 17.9 million other than temporary impairment charge recorded on its investment in eeg , partly offset by the company 's share of eeg 's net income and a $ 0.6 million gain on the provalliance equity put that automatically terminated as a result of the sale of the company 's investment in provalliance . see note 5 to the consolidated financial statements . the loss in affiliated companies , net of taxes for fiscal year 2012 was primarily due to the impairment losses of $ 17.2 and $ 19.4 million recorded on our investments in provalliance and eeg , respectively . in conjunction with entering into a purchase agreement to sell provalliance , the company recorded a $ 37.4 million other than temporary impairment charge on its investment in provalliance and $ 20.2 million reduction in the fair value of the equity put , resulting in a net impairment charge of $ 17.2 million . the company recorded a $ 19.4 million other than temporary impairment charge for the excess of the carrying value of its investment in eeg over the fair value . the company also recorded its $ 8.7 million share of an intangible asset impairment recorded directly by eeg . these impairments recorded during fiscal year 2012 were partly offset by our share of earnings of $ 9.7 and $ 4.7 million recorded for our investments in provalliance and eeg , respectively . see note 5 to the consolidated financial statements . income from discontinued operations , net of taxes during fiscal year 2014 , the company recognized a $ 1.4 million tax benefit from discontinued operations for the release of tax reserves associated with the disposition of our trade secret salon concept . see note 2 to the consolidated financial statements . during fiscal year 2013 , the company recognized $ 25.0 million of income , net of taxes from discontinued operations , primarily from an after-tax gain of $ 17.8 million realized upon the sale of hair club and $ 12.6 million of income from hair club operations , net of taxes , partly offset by $ 5.4 million of expense , net of taxes , associated with professional and transaction fees . during fiscal year 2012 , the company recognized $ 62.4 million of loss , net of taxes from discontinued operations , primarily from a $ 61.9 million loss , net of taxes from hair club operations , as a result of the $ 78.4 million goodwill impairment charge , and $ 1.6 million of expense , net of taxes associated with professional and transaction fees , partly offset by $ 1.1 million tax benefit related to the release of tax reserves associated with the disposition of our trade secret salon concept . recent accounting pronouncements recent accounting pronouncements are discussed in note 1 to the consolidated financial statements . liquidity and capital resources sources of liquidity funds generated by operating activities , available cash and cash equivalents , and our revolving credit facility are our most significant sources of liquidity . we believe our sources of liquidity will be sufficient to sustain operations and to finance strategic initiatives . we also anticipate having access to long-term financing . however , in the event our liquidity is insufficient 28 and we are not able to access long-term financing , we may be required to limit or delay our strategic initiatives . there can be no assurance that we will continue to generate cash flows at or above current levels . as of june 30 , 2014 , cash and cash equivalents were $ 378.6 million , with $ 349.1 , $ 13.5 and $ 16.0 million in the u.s. , canada and europe , respectively . we have a $ 400.0 million five-year senior unsecured revolving credit facility with a syndicate of banks that expires in june 2018. as of june 30 , 2014 , the company had no outstanding borrowings under the facility and had outstanding standby letters of credit under the facility of $ 2.2 million , primarily related to its self-insurance program . accordingly , unused available credit under the facility at june 30 , 2014 was $ 397.8 million . refer to additional discussion under financing arrangements . our ability to access our revolving credit facility is subject to our compliance with the terms and conditions of such facility , including a maximum leverage ratio , a minimum fixed charge ratio and other covenants and requirements . at june 30 , 2014 , we were in compliance with all covenants and other requirements of our credit agreement and senior notes . uses of cash in december 2013 , the company announced the implementation of a new capital allocation policy . three key principles underlying this strategy focus on preserving a strong balance sheet and enhancing operating flexibility , preventing unnecessary dilution so the benefits of future value accrue to existing shareholders and deploying capital to the highest and best use by optimizing the tradeoff between risk and after-tax returns . as a result of this strategy , the company intends to retain excess cash during its ongoing turnaround efforts and focus primarily on growing the number of franchised locations and expanding company-owned locations primarily through its partnership with walmart . cash flows cash flows from operating activities fiscal year 2014 cash provided by operating activities of $ 117.4 million increased by $ 48.3 million compared to the previous fiscal year , primarily as a result of increased cash provided by working capital partly offset by the operating loss . the $ 75.6 million working capital improvement over the previous year was primarily the result of cash received in fiscal year 2014 for income tax refunds and the collection of weekend credit card receivables outstanding at the end of the previous fiscal year . fiscal year 2013 working capital

cash flows from financing activities during fiscal years 2014 , 2013 and 2012 , cash provided by ( used in ) financing activities were for net borrowings ( repayments ) of long-term debt of $ 111.0 , $ ( 118.2 ) and $ ( 29.7 ) million , respectively and dividend payments of $ 6.8 , $ 13.7 and $ 13.9 million , respectively . during fiscal year 2014 , the company issued $ 120.0 million aggregate principal amount of senior unsecured notes due december 2017. during fiscal year 2013 , the company repurchased $ 14.9 million of common stock and prepaid $ 89.3 million in private placement debt . financing arrangements financing activities are discussed in note 7 to the consolidated financial statements . derivative activities are discussed in part ii , item 7a , `` quantitative and qualitative disclosures about market risk . '' management believes cash generated from operations and amounts available under existing debt facilities will be sufficient to fund its anticipated capital expenditures and required debt repayments for the foreseeable future . as of june 30 , 2014 , we have $ 397.8 million available under our existing revolving credit facility . we were in compliance with all covenants and other requirements of our credit agreement and senior notes as of june 30 , 2014 . the company 's financing arrangements consists of the following : replace_table_token_13_th _ ( 1 ) as of june 30 , 2013 , the company included the convertible senior notes within long-term debt , current portion on the consolidated balance sheet as the holders of the senior convertible notes had the option to convert at any time after april 15 , 2014 . ( 2 ) in july 2014 , the company settled the convertible senior notes with $ 172.5 million in cash . in november 2013 , the company issued $ 120.0 million aggregate principal amount of 5.75 % unsecured senior notes due december 2017. net proceeds from the issuance of the senior term notes were $ 118.1 million .


 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 flows from financing activities during fiscal years 2014 , 2013 and 2012 , cash provided by ( used in ) financing activities were for net borrowings ( repayments ) of long-term debt of $ 111.0 , $ ( 118.2 ) and $ ( 29.7 ) million , respectively and dividend payments of $ 6.8 , $ 13.7 and $ 13.9 million , respectively . during fiscal year 2014 , the company issued $ 120.0 million aggregate principal amount of senior unsecured notes due december 2017. during fiscal year 2013 , the company repurchased $ 14.9 million of common stock and prepaid $ 89.3 million in private placement debt . financing arrangements financing activities are discussed in note 7 to the consolidated financial statements . derivative activities are discussed in part ii , item 7a , `` quantitative and qualitative disclosures about market risk . '' management believes cash generated from operations and amounts available under existing debt facilities will be sufficient to fund its anticipated capital expenditures and required debt repayments for the foreseeable future . as of june 30 , 2014 , we have $ 397.8 million available under our existing revolving credit facility . we were in compliance with all covenants and other requirements of our credit agreement and senior notes as of june 30 , 2014 . the company 's financing arrangements consists of the following : replace_table_token_13_th _ ( 1 ) as of june 30 , 2013 , the company included the convertible senior notes within long-term debt , current portion on the consolidated balance sheet as the holders of the senior convertible notes had the option to convert at any time after april 15 , 2014 . ( 2 ) in july 2014 , the company settled the convertible senior notes with $ 172.5 million in cash . in november 2013 , the company issued $ 120.0 million aggregate principal amount of 5.75 % unsecured senior notes due december 2017. net proceeds from the issuance of the senior term notes were $ 118.1 million .
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 Suspicious Activity Report : the following tables summarize revenues and same-store sales by concept , as well as the reasons for the percentage change : replace_table_token_10_th _ ( 1 ) same-store sales are calculated on a daily basis as the total change in sales for company-owned locations which were open on a specific day of the week during the current period and the corresponding prior period . quarterly and fiscal year same-store sales are the sum of the same-store sales computed on a daily basis . locations relocated within a one mile radius are included in same-store sales as they are considered to have been open in the prior period . international same-store sales are calculated in local currencies to remove foreign currency fluctuations from the calculation . decreases in consolidated revenues were driven by the following : replace_table_token_11_th same-store sales by concept by fiscal year are detailed in the table below : replace_table_token_12_th 23 the same-store sales decrease of 4.8 % during fiscal year 2014 was due to a 6.1 % decrease in guest visits , partly offset by a 1.3 % increase in average ticket . we closed 322 and 492 salons ( including 63 and 69 franchised salons ) during fiscal years 2014 and 2013 , respectively . the company constructed ( net of relocations ) 127 company-owned salons during fiscal year 2014 . during fiscal year 2014 , we acquired 2 company-owned salons via franchise buybacks . we did not acquire any company-owned locations during fiscal year 2013 . the same-store sales decrease of 2.4 % during fiscal year 2013 was due to a 3.0 % decrease in guest visits , partly offset by a 0.6 % increase in average ticket . we closed 492 and 384 salons ( including 69 and 51 franchised salons ) during fiscal years 2013 and 2012 , respectively . the company constructed ( net of relocations ) 153 company-owned salons during fiscal year 2013. we did not acquire any company-owned salons during fiscal year 2013 compared to 13 company-owned salons ( including 11 franchise buybacks ) during fiscal year 2012. the same-store sales decrease of 3.5 % during fiscal year 2012 was due to a 3.4 % decrease in guest visits and 0.1 % decrease in average ticket . we acquired 13 company-owned salons ( including 11 franchise buybacks ) during fiscal year 2012 compared to 105 company-owned salons ( including 78 franchise buybacks ) during fiscal year 2011. the company constructed ( net of relocations ) 166 company-owned salons during fiscal year 2012. we closed 384 and 305 salons ( including 51 and 60 franchised salons ) during fiscal years 2012 and 2011 , respectively . consolidated revenues are primarily comprised of service and product revenues , as well as franchise royalties and fees . fluctuations in these three major revenue categories , operating expenses and other income and expense were as follows : service revenues the $ 83.8 million decrease in service revenues during fiscal year 2014 was primarily due to the 3.4 % decrease in same-store services sales and the closure of 259 company-owned salons . the decrease in same-store services sales was primarily a result of a 4.9 % decrease in same-store guest visits , partly offset by a 1.5 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 127 company-owned salons during fiscal year 2014. the $ 80.0 million decrease in service revenues during fiscal year 2013 was primarily due to the closure of 423 company-owned salons , same-store service sales decreasing 2.0 % and the comparable prior period including an additional day from leap year . the decrease in same-store services sales was primarily a result of a 2.3 % decrease in same-store guest visits , partly offset by a 0.3 % increase in average ticket . partly offsetting the decrease was growth from construction ( net of relocations ) of 153 company-owned salons during fiscal year 2013. the $ 51.5 million decrease in service revenues during fiscal year 2012 was primarily due the closure of 333 company-owned salons and same-store service sales decreasing 3.7 % . the decrease in same-store services sales was primarily a result of a 3.1 % decrease in same-store guest visits and a 0.6 % decrease in average ticket due to promotional programs designed to generate additional guest visits . partly offsetting the decrease was growth from construction ( net of relocations ) of 166 company-owned salons and acquisition of 13 company-owned salons during fiscal year 2012 and the additional day from leap year . product revenues the $ 44.3 million decrease in product revenues during fiscal year 2014 was primarily due to same-store product sales decreasing 10.3 % and the closure of 259 company-owned salons . this was partly offset by an increase in product sales to franchisees primarily due to increases in franchised locations and product sales from 127 newly constructed company-owned salons ( net of relocations ) during fiscal year 2014 . the decrease in same-store product sales was primarily a result of a 14.7 % decrease in same-store guest visits , partly offset by a 4.4 % increase in average ticket . the $ 24.3 million decrease in product revenues during fiscal year 2013 was primarily due to same-store product sales decreasing 3.9 % , the closure of 423 company-owned salons and the comparable prior period including an additional day from leap year , partly offset by an increase in product sales to franchisees primarily due to increases in franchised locations and product sales from 153 newly constructed company-owned salons ( net of relocations ) during fiscal year 2013. the decrease in same-store product sales was primarily a result of a 6.5 % decrease in same-store guest visits , partly offset by a 2.6 % increase in average ticket . story_separator_special_tag the loss in affiliated companies , net of taxes for fiscal year 2013 was primarily due to the company 's $ 17.9 million other than temporary impairment charge recorded on its investment in eeg , partly offset by the company 's share of eeg 's net income and a $ 0.6 million gain on the provalliance equity put that automatically terminated as a result of the sale of the company 's investment in provalliance . see note 5 to the consolidated financial statements . the loss in affiliated companies , net of taxes for fiscal year 2012 was primarily due to the impairment losses of $ 17.2 and $ 19.4 million recorded on our investments in provalliance and eeg , respectively . in conjunction with entering into a purchase agreement to sell provalliance , the company recorded a $ 37.4 million other than temporary impairment charge on its investment in provalliance and $ 20.2 million reduction in the fair value of the equity put , resulting in a net impairment charge of $ 17.2 million . the company recorded a $ 19.4 million other than temporary impairment charge for the excess of the carrying value of its investment in eeg over the fair value . the company also recorded its $ 8.7 million share of an intangible asset impairment recorded directly by eeg . these impairments recorded during fiscal year 2012 were partly offset by our share of earnings of $ 9.7 and $ 4.7 million recorded for our investments in provalliance and eeg , respectively . see note 5 to the consolidated financial statements . income from discontinued operations , net of taxes during fiscal year 2014 , the company recognized a $ 1.4 million tax benefit from discontinued operations for the release of tax reserves associated with the disposition of our trade secret salon concept . see note 2 to the consolidated financial statements . during fiscal year 2013 , the company recognized $ 25.0 million of income , net of taxes from discontinued operations , primarily from an after-tax gain of $ 17.8 million realized upon the sale of hair club and $ 12.6 million of income from hair club operations , net of taxes , partly offset by $ 5.4 million of expense , net of taxes , associated with professional and transaction fees . during fiscal year 2012 , the company recognized $ 62.4 million of loss , net of taxes from discontinued operations , primarily from a $ 61.9 million loss , net of taxes from hair club operations , as a result of the $ 78.4 million goodwill impairment charge , and $ 1.6 million of expense , net of taxes associated with professional and transaction fees , partly offset by $ 1.1 million tax benefit related to the release of tax reserves associated with the disposition of our trade secret salon concept . recent accounting pronouncements recent accounting pronouncements are discussed in note 1 to the consolidated financial statements . liquidity and capital resources sources of liquidity funds generated by operating activities , available cash and cash equivalents , and our revolving credit facility are our most significant sources of liquidity . we believe our sources of liquidity will be sufficient to sustain operations and to finance strategic initiatives . we also anticipate having access to long-term financing . however , in the event our liquidity is insufficient 28 and we are not able to access long-term financing , we may be required to limit or delay our strategic initiatives . there can be no assurance that we will continue to generate cash flows at or above current levels . as of june 30 , 2014 , cash and cash equivalents were $ 378.6 million , with $ 349.1 , $ 13.5 and $ 16.0 million in the u.s. , canada and europe , respectively . we have a $ 400.0 million five-year senior unsecured revolving credit facility with a syndicate of banks that expires in june 2018. as of june 30 , 2014 , the company had no outstanding borrowings under the facility and had outstanding standby letters of credit under the facility of $ 2.2 million , primarily related to its self-insurance program . accordingly , unused available credit under the facility at june 30 , 2014 was $ 397.8 million . refer to additional discussion under financing arrangements . our ability to access our revolving credit facility is subject to our compliance with the terms and conditions of such facility , including a maximum leverage ratio , a minimum fixed charge ratio and other covenants and requirements . at june 30 , 2014 , we were in compliance with all covenants and other requirements of our credit agreement and senior notes . uses of cash in december 2013 , the company announced the implementation of a new capital allocation policy . three key principles underlying this strategy focus on preserving a strong balance sheet and enhancing operating flexibility , preventing unnecessary dilution so the benefits of future value accrue to existing shareholders and deploying capital to the highest and best use by optimizing the tradeoff between risk and after-tax returns . as a result of this strategy , the company intends to retain excess cash during its ongoing turnaround efforts and focus primarily on growing the number of franchised locations and expanding company-owned locations primarily through its partnership with walmart . cash flows cash flows from operating activities fiscal year 2014 cash provided by operating activities of $ 117.4 million increased by $ 48.3 million compared to the previous fiscal year , primarily as a result of increased cash provided by working capital partly offset by the operating loss . the $ 75.6 million working capital improvement over the previous year was primarily the result of cash received in fiscal year 2014 for income tax refunds and the collection of weekend credit card receivables outstanding at the end of the previous fiscal year . fiscal year 2013 working capital

