echostar 's product demand forecast with the company extended through august 2016 , and the products covered by this forecast were substantially all shipped prior to august 31 , 2016. in light of the fact that echostar accounted for essentially all of the revenues of the satellite segment , the company 's satellite business was shut down effective august 31 , 2016. critical accounting policies the company 's discussion and analysis of its financial condition and results of operations are based upon the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . the preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting periods . areas where significant judgments are made include , but are not limited to , the allowance for doubtful accounts , inventory valuation , product warranties , the deferred tax assets valuation allowance , and the valuation of long-lived assets . actual results could differ materially and adversely from these estimates . business combinations the company applies the provisions of asc 805 , business combinations , in the accounting for its acquisitions , which requires recognition of the assets acquired and the liabilities assumed at their acquisition date fair values , separately from goodwill . goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the tangible and identifiable intangible assets acquired and liabilities assumed . while the company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration , where applicable , its estimates are inherently uncertain and subject to refinement . as a result , during the measurement period that exists up to 12 months from the acquisition date , the company may record adjustments to the fair values of tangible and specifically identifiable intangible assets acquired and liabilities assumed with a corresponding adjustment to goodwill . upon the conclusion of the measurement period or final determination of the values of assets acquired and liabilities assumed , whichever comes first , the impact of any subsequent adjustments to the fair values of assets acquired and liabilities assumed is included in the consolidated statements of operations . allowance for doubtful accounts the company establishes an allowance for estimated bad debts based upon a review and evaluation of specific customer accounts identified as known and expected collection problems , based on historical experience , or due to insolvency or other collection issues . if there is a deterioration of a major customer 's financial condition , if the company becomes aware of additional information related to the credit-worthiness of a major customer , or if future actual default rates on trade receivables in general differ from those currently anticipated , the company may have to adjust its allowance for doubtful accounts , which would affect earnings in the period the adjustments were made . 22 inventories the company evaluates the carrying value of inventory on a quarterly basis to determine if the carrying value is recoverable at estimated selling prices . to the extent that estimated selling prices do not exceed the associated carrying values , inventory carrying amounts are written down . in addition , the company generally treats inventory on hand or committed with suppliers , that is not expected to be sold within the next 12 months , as excess and thus appropriate write-downs of the inventory carrying amounts are established through a charge to cost of revenues . estimated usage in the next 12 months is based on firm demand represented by orders in backlog at the end of the quarter and management 's estimate of sales beyond existing backlog , giving consideration to customers ' forecasted demand , ordering patterns and product life cycles . significant reductions in product pricing or changes in technology and or demand may necessitate additional write-downs of inventory carrying value in the future . warranty the company initially provides for the estimated cost of product warranties at the time revenue is recognized . while it engages in extensive product quality programs and processes , the company 's warranty obligation is affected by product failure rates and material usage and service delivery costs incurred in correcting a product failure . should actual product failure rates , material usage or service delivery costs differ from management 's estimates , revisions to the estimated warranty liability would be required . deferred income tax and uncertain tax positions deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and for income tax purposes . a deferred income tax asset is recognized if realization of such asset is more likely than not , based upon the weight of available evidence that includes historical operating performance and the company 's forecast of future operating performance . the company evaluates the realizability of its deferred income tax assets and a valuation allowance is provided , as necessary . during this evaluation , the company reviews its forecasts of income in conjunction with the positive and negative evidence surrounding the realizability of its deferred income tax assets to determine if a valuation allowance is needed . the company follows asc topic 740 , income taxes framework for determining the appropriate level of tax reserves to maintain for uncertain tax positions . asc topic 740 uses a two-step approach in which a tax benefit is recognized if a position is more likely than not to be sustained . story_separator_special_tag operating expenses consolidated research and development ( r & d ) expense increased to $ 22.0 million in fiscal 2017 from $ 19.8 million last year due primarily to lojack r & d expense . consolidated selling expenses increased by $ 25.7 million to $ 49.0 million in fiscal 2017 from $ 23.4 million in fiscal 2016 due primarily to the lojack acquisition , which accounted for $ 23.8 million of the increase . the remaining increase was due to higher payroll expense as a result of additional sales and marketing personnel and stock compensation expenses . consolidated general and administrative expenses ( g & a ) increased by $ 32.0 million to $ 57.1 million in fiscal 2017 compared to $ 25.1 million in fiscal 2016 due primarily to the g & a expenses of lojack , which accounted for $ 20.7 million of the increase . also , transaction and integration expenses for the lojack acquisition were $ 4.5 million and $ 2.0 million in fiscal years 2017 and 2016 , respectively . the remaining increase in g & a expenses for fiscal 2017 was due to higher legal expenses related to two patent infringement lawsuits and a litigation provision of $ 7.2 million recorded in fiscal 2017 related to the omega patents llc patent infringement case . in fiscal 2016 , a litigation provision of $ 2.9 million was recorded for this lawsuit . higher stock compensation expenses in fiscal 2017 also contributed to the increase in g & a expenses . amortization of intangibles increased from $ 6.6 million in fiscal 2016 to $ 15.1 million in fiscal 2017 due to the amortization of new intangibles associated with the acquisition of lojack in the fiscal 2017 first quarter . 26 non-operating expense , net investment income was $ 1.7 million in fiscal 2017 compared to investment income of $ 1.9 million last year . in fiscal 2017 , there was investment income on cash equivalents and marketable securities of $ 0.6 million , investment income of $ 0.9 million on deferred compensation plan rabbi trust assets and other investment income of $ 0.2 million . in fiscal 2016 , there was investment income on cash equivalents and marketable securities of $ 0.8 million and a gain of $ 1.4 million on 850,100 shares of lojack common stock purchased in the open market in november and december 2015. offsetting the fiscal 2016 income from these investments was a loss on deferred compensation plan rabbi trust assets of $ 0.4 million . the company is informally funding its deferred compensation plan obligations by making cash deposits to a rabbi trust that are invested in various equity , bond and money market mutual funds in generally the same proportion as investment elections made by the participants for their compensation deferrals . interest expense increased to $ 9.9 million in fiscal 2017 compared to $ 7.6 million last year due to a full year of interest expense in fiscal 2017 on the convertible notes issued in may 2015 versus 9.5 months of interest expense in fiscal 2016. income tax provision the company had an income tax benefit of $ 1.6 million and an effective tax rate of 19.1 % in fiscal 2017. the income tax benefit was impacted by the geographic mix of earnings ( losses ) as a result of the acquisition of lojack in fiscal 2017 and a $ 1.4 million increase in the deferred tax assets valuation allowance as a result of the company 's assessment of the future realizability of its deferred tax assets . in fiscal 2016 , the company recorded an income tax provision of $ 4.6 million and an effective tax rate of 20.5 % . the effective tax rate was lower than the u.s. statutory rate due primarily to a $ 2.5 million reduction in the deferred tax assets valuation allowance as a result of the company 's assessment of the future realizability of its deferred tax assets . fiscal year 2016 compared to fiscal year 2015 revenue wireless datacom revenue increased by $ 28.3 million , or 13 % , to $ 241.4 million in fiscal 2016 compared to $ 213.1 million in fiscal 2015. these increases were due primarily to increased sales of mrm products into the fleet management and non-vehicle asset tracking markets , as well as the revenue generated from a major original equipment manufacturer in the heavy equipment industry . satellite revenue increased by $ 1.8 million , or 5 % , to $ 39.3 million in fiscal 2016 compared to $ 37.5 million in fiscal 2015 due primarily to the introduction of a new product that we began shipping in the second half of fiscal 2015. gross profit and gross margins wireless datacom gross profit increased by $ 14.1 million to $ 92.0 million in fiscal 2016 from $ 77.9 million in fiscal 2015 due to higher revenue , as described above . wireless datacom gross margin increased to 38.1 % in fiscal 2016 from 36.6 % in the prior year due to revenue mix changes and increased absorption of fixed manufacturing costs on higher revenue . satellite gross profit increased by $ 1.5 million to $ 11.0 million in fiscal 2016 compared to $ 9.5 million in fiscal 2015. satellite 's gross margin increased to 27.9 % in fiscal 2016 from 25.4 % in the prior year which was attributable to changes in product mix due to the new product introduced in the second half of fiscal 2015. operating expenses consolidated r & d expense decreased slightly to $ 19.8 million in fiscal 2016 from $ 19.9 million in the prior year due primarily to staff reductions from ongoing operational integration . consolidated selling expenses increased by $ 3.0 million to $ 23.4 million in fiscal 2016 from $ 20.4 million in fiscal 2015 due primarily to higher marketing-related expenses and stock compensation expenses . 27 consolidated g & a increased by $ 9.5 million

liquidity and capital resources in june 2016 , the company 's board of directors authorized a $ 25 million stock repurchase program , under which the company repurchased 1.8 million of its outstanding common stock shares during the period from june 2016 to january 2017 at an average cost of $ 14.20 per share . the company financed the purchases with existing cash balances , and all of the stock repurchases were paid for as of february 28 , 2017. all common stock shares repurchased were retired prior to february 28 , 2017. as described in note 2 to the accompanying consolidated financial statements , in march 2016 the company acquired lojack , which was funded from the company 's cash on hand . the total purchase price was $ 131.7 million , which included the $ 5.5 million fair value of 850,100 shares of lojack common stock that were purchased by calamp in the open market in november and december 2015 , prior to entering into a definitive acquisition agreement with lojack . in may 2015 , the company issued $ 172.5 million aggregate principal amount of 1.625 % convertible senior unsecured notes due may 15 , 2020. the company has used some of the net proceeds from the offering of the convertible notes for general corporate purposes including the lojack acquisition and repurchases of the company 's common stock .


 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 in june 2016 , the company 's board of directors authorized a $ 25 million stock repurchase program , under which the company repurchased 1.8 million of its outstanding common stock shares during the period from june 2016 to january 2017 at an average cost of $ 14.20 per share . the company financed the purchases with existing cash balances , and all of the stock repurchases were paid for as of february 28 , 2017. all common stock shares repurchased were retired prior to february 28 , 2017. as described in note 2 to the accompanying consolidated financial statements , in march 2016 the company acquired lojack , which was funded from the company 's cash on hand . the total purchase price was $ 131.7 million , which included the $ 5.5 million fair value of 850,100 shares of lojack common stock that were purchased by calamp in the open market in november and december 2015 , prior to entering into a definitive acquisition agreement with lojack . in may 2015 , the company issued $ 172.5 million aggregate principal amount of 1.625 % convertible senior unsecured notes due may 15 , 2020. the company has used some of the net proceeds from the offering of the convertible notes for general corporate purposes including the lojack acquisition and repurchases of the company 's common stock .
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 Suspicious Activity Report : echostar 's product demand forecast with the company extended through august 2016 , and the products covered by this forecast were substantially all shipped prior to august 31 , 2016. in light of the fact that echostar accounted for essentially all of the revenues of the satellite segment , the company 's satellite business was shut down effective august 31 , 2016. critical accounting policies the company 's discussion and analysis of its financial condition and results of operations are based upon the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . the preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting periods . areas where significant judgments are made include , but are not limited to , the allowance for doubtful accounts , inventory valuation , product warranties , the deferred tax assets valuation allowance , and the valuation of long-lived assets . actual results could differ materially and adversely from these estimates . business combinations the company applies the provisions of asc 805 , business combinations , in the accounting for its acquisitions , which requires recognition of the assets acquired and the liabilities assumed at their acquisition date fair values , separately from goodwill . goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the tangible and identifiable intangible assets acquired and liabilities assumed . while the company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration , where applicable , its estimates are inherently uncertain and subject to refinement . as a result , during the measurement period that exists up to 12 months from the acquisition date , the company may record adjustments to the fair values of tangible and specifically identifiable intangible assets acquired and liabilities assumed with a corresponding adjustment to goodwill . upon the conclusion of the measurement period or final determination of the values of assets acquired and liabilities assumed , whichever comes first , the impact of any subsequent adjustments to the fair values of assets acquired and liabilities assumed is included in the consolidated statements of operations . allowance for doubtful accounts the company establishes an allowance for estimated bad debts based upon a review and evaluation of specific customer accounts identified as known and expected collection problems , based on historical experience , or due to insolvency or other collection issues . if there is a deterioration of a major customer 's financial condition , if the company becomes aware of additional information related to the credit-worthiness of a major customer , or if future actual default rates on trade receivables in general differ from those currently anticipated , the company may have to adjust its allowance for doubtful accounts , which would affect earnings in the period the adjustments were made . 22 inventories the company evaluates the carrying value of inventory on a quarterly basis to determine if the carrying value is recoverable at estimated selling prices . to the extent that estimated selling prices do not exceed the associated carrying values , inventory carrying amounts are written down . in addition , the company generally treats inventory on hand or committed with suppliers , that is not expected to be sold within the next 12 months , as excess and thus appropriate write-downs of the inventory carrying amounts are established through a charge to cost of revenues . estimated usage in the next 12 months is based on firm demand represented by orders in backlog at the end of the quarter and management 's estimate of sales beyond existing backlog , giving consideration to customers ' forecasted demand , ordering patterns and product life cycles . significant reductions in product pricing or changes in technology and or demand may necessitate additional write-downs of inventory carrying value in the future . warranty the company initially provides for the estimated cost of product warranties at the time revenue is recognized . while it engages in extensive product quality programs and processes , the company 's warranty obligation is affected by product failure rates and material usage and service delivery costs incurred in correcting a product failure . should actual product failure rates , material usage or service delivery costs differ from management 's estimates , revisions to the estimated warranty liability would be required . deferred income tax and uncertain tax positions deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and for income tax purposes . a deferred income tax asset is recognized if realization of such asset is more likely than not , based upon the weight of available evidence that includes historical operating performance and the company 's forecast of future operating performance . the company evaluates the realizability of its deferred income tax assets and a valuation allowance is provided , as necessary . during this evaluation , the company reviews its forecasts of income in conjunction with the positive and negative evidence surrounding the realizability of its deferred income tax assets to determine if a valuation allowance is needed . the company follows asc topic 740 , income taxes framework for determining the appropriate level of tax reserves to maintain for uncertain tax positions . asc topic 740 uses a two-step approach in which a tax benefit is recognized if a position is more likely than not to be sustained . story_separator_special_tag operating expenses consolidated research and development ( r & d ) expense increased to $ 22.0 million in fiscal 2017 from $ 19.8 million last year due primarily to lojack r & d expense . consolidated selling expenses increased by $ 25.7 million to $ 49.0 million in fiscal 2017 from $ 23.4 million in fiscal 2016 due primarily to the lojack acquisition , which accounted for $ 23.8 million of the increase . the remaining increase was due to higher payroll expense as a result of additional sales and marketing personnel and stock compensation expenses . consolidated general and administrative expenses ( g & a ) increased by $ 32.0 million to $ 57.1 million in fiscal 2017 compared to $ 25.1 million in fiscal 2016 due primarily to the g & a expenses of lojack , which accounted for $ 20.7 million of the increase . also , transaction and integration expenses for the lojack acquisition were $ 4.5 million and $ 2.0 million in fiscal years 2017 and 2016 , respectively . the remaining increase in g & a expenses for fiscal 2017 was due to higher legal expenses related to two patent infringement lawsuits and a litigation provision of $ 7.2 million recorded in fiscal 2017 related to the omega patents llc patent infringement case . in fiscal 2016 , a litigation provision of $ 2.9 million was recorded for this lawsuit . higher stock compensation expenses in fiscal 2017 also contributed to the increase in g & a expenses . amortization of intangibles increased from $ 6.6 million in fiscal 2016 to $ 15.1 million in fiscal 2017 due to the amortization of new intangibles associated with the acquisition of lojack in the fiscal 2017 first quarter . 26 non-operating expense , net investment income was $ 1.7 million in fiscal 2017 compared to investment income of $ 1.9 million last year . in fiscal 2017 , there was investment income on cash equivalents and marketable securities of $ 0.6 million , investment income of $ 0.9 million on deferred compensation plan rabbi trust assets and other investment income of $ 0.2 million . in fiscal 2016 , there was investment income on cash equivalents and marketable securities of $ 0.8 million and a gain of $ 1.4 million on 850,100 shares of lojack common stock purchased in the open market in november and december 2015. offsetting the fiscal 2016 income from these investments was a loss on deferred compensation plan rabbi trust assets of $ 0.4 million . the company is informally funding its deferred compensation plan obligations by making cash deposits to a rabbi trust that are invested in various equity , bond and money market mutual funds in generally the same proportion as investment elections made by the participants for their compensation deferrals . interest expense increased to $ 9.9 million in fiscal 2017 compared to $ 7.6 million last year due to a full year of interest expense in fiscal 2017 on the convertible notes issued in may 2015 versus 9.5 months of interest expense in fiscal 2016. income tax provision the company had an income tax benefit of $ 1.6 million and an effective tax rate of 19.1 % in fiscal 2017. the income tax benefit was impacted by the geographic mix of earnings ( losses ) as a result of the acquisition of lojack in fiscal 2017 and a $ 1.4 million increase in the deferred tax assets valuation allowance as a result of the company 's assessment of the future realizability of its deferred tax assets . in fiscal 2016 , the company recorded an income tax provision of $ 4.6 million and an effective tax rate of 20.5 % . the effective tax rate was lower than the u.s. statutory rate due primarily to a $ 2.5 million reduction in the deferred tax assets valuation allowance as a result of the company 's assessment of the future realizability of its deferred tax assets . fiscal year 2016 compared to fiscal year 2015 revenue wireless datacom revenue increased by $ 28.3 million , or 13 % , to $ 241.4 million in fiscal 2016 compared to $ 213.1 million in fiscal 2015. these increases were due primarily to increased sales of mrm products into the fleet management and non-vehicle asset tracking markets , as well as the revenue generated from a major original equipment manufacturer in the heavy equipment industry . satellite revenue increased by $ 1.8 million , or 5 % , to $ 39.3 million in fiscal 2016 compared to $ 37.5 million in fiscal 2015 due primarily to the introduction of a new product that we began shipping in the second half of fiscal 2015. gross profit and gross margins wireless datacom gross profit increased by $ 14.1 million to $ 92.0 million in fiscal 2016 from $ 77.9 million in fiscal 2015 due to higher revenue , as described above . wireless datacom gross margin increased to 38.1 % in fiscal 2016 from 36.6 % in the prior year due to revenue mix changes and increased absorption of fixed manufacturing costs on higher revenue . satellite gross profit increased by $ 1.5 million to $ 11.0 million in fiscal 2016 compared to $ 9.5 million in fiscal 2015. satellite 's gross margin increased to 27.9 % in fiscal 2016 from 25.4 % in the prior year which was attributable to changes in product mix due to the new product introduced in the second half of fiscal 2015. operating expenses consolidated r & d expense decreased slightly to $ 19.8 million in fiscal 2016 from $ 19.9 million in the prior year due primarily to staff reductions from ongoing operational integration . consolidated selling expenses increased by $ 3.0 million to $ 23.4 million in fiscal 2016 from $ 20.4 million in fiscal 2015 due primarily to higher marketing-related expenses and stock compensation expenses . 27 consolidated g & a increased by $ 9.5 million

