delivery of services generally occurs over a period of time consistent with the timeline as outlined in the client contract . there are no significant cancellation or termination-type provisions for our software and hardware sales . contracts for our professional services provide for a general right , to the client or us , to cancel or terminate the contract within a given period of time ( generally 10 to 30 days ' notice is required ) . the client is generally responsible for any time and expenses incurred up to the date of cancellation or termination of the contract . cost of revenues cost of revenues consists primarily of cash and non-cash compensation and benefits , including bonuses and non-cash compensation related to equity awards . cost of revenues also includes the costs associated with subcontractors . third-party software and hardware costs , reimbursable expenses and other unreimbursed project-related expenses are also included in cost of revenues . project-related expenses will fluctuate generally depending on outside factors including the cost and frequency of travel and the location of our clients . cost of revenues does not include depreciation of assets used in the production of revenues which are primarily personal computers , servers , and other information technology related equipment . gross margins our gross margins for services are affected by the utilization rates of our professionals ( defined as the percentage of our professionals ' time billed to clients divided by the total available hours in the respective period ) , the salaries we pay our professionals , and the average billing rate we receive from our clients . if a project ends earlier than scheduled , we retain professionals in advance of receiving project assignments , or if demand for our services declines , our utilization rate will decline and adversely affect our gross margins . gross margin percentages of third-party software and hardware sales are typically lower than gross margin percentages for services , and the mix of services and software and hardware for a particular period can significantly impact our total combined gross margin percentage for such period . in addition , gross margin for software and hardware sales can fluctuate due to pricing and other competitive pressures . selling , general , and administrative expenses selling , general and administrative ( `` sg & a `` ) expenses are primarily composed of sales-related costs , general and administrative salaries , stock compensation expense , office costs , recruiting expense , variable compensation costs , research and development , bad debts , and other miscellaneous expenses . we work to minimize selling costs by focusing on repeat business with existing clients and by accessing sales leads generated by our software vendors , most notably ibm , oracle and microsoft , whose products we use to design and implement solutions for our clients . these relationships enable us to reduce our selling costs and sales cycle times and increase win rates through leveraging our partners ' marketing efforts and endorsements . 17 plans for growth and acquisitions our goal is to continue to build one of the leading independent information technology consulting firms by expanding our relationships with existing and new clients and through the continuation of our disciplined acquisition strategy . our future growth plan includes expanding our business with a primary focus on customers in the united states , both organically and through acquisitions . our disciplined acquisition strategy began in january 2000. we have continued this strategy through our acquisitions of kerdock consulting , llc in march 2010 , speaktech in december 2010 , exervio consulting inc. ( `` exervio `` ) in april 2011 , jcb partners , llc in july 2011 , pointbridge solutions , llc ( `` pointbridge `` ) in february 2012 , nascent systems , lp ( `` nascent `` ) in june 2012 , northridge systems , inc. ( `` northridge `` ) in july 2012 , tritek solutions , inc. ( `` tritek `` ) and clear task , inc. ( `` clear task `` ) in may 2013 , corematrix systems , llc ( `` corematrix `` ) in october 2013 , forwardthink in february 2014 , biopharm in april 2014 and trifecta in may 2014. on january 2 , 2015 we acquired zeon solutions incorporated ( as described in note 15 , subsequent events , in the notes to consolidated financial statements ) . we also intend to further leverage our existing offshore capabilities to support our future growth and provide our clients flexible options for project delivery . when analyzing revenue growth by base business compared to acquired companies in the results of operations section below , revenue attributable to base business is defined as revenue from an acquired company that has been owned for a full four quarters after the date of acquisition . results of operations the following table summarizes our results of operations as a percentage of total revenues : replace_table_token_4_th * services and software and hardware gross margins are based on their percentage of respective revenues . 18 year ended december 31 , 2014 compared to year ended december 31 , 2013 revenues . total revenues increased 22 % to $ 456.7 million for the year ended december 31 , 2014 from $ 373.3 million for the year ended december 31 , 2013. financial results explanation for increases over prior year period ( in thousands ) ( in thousands ) for the year ended december 31 , 2014 for the year ended december 31 , 2013 total increase over prior year period increase attributable to acquired companies increase/ ( decrease ) attributable to base business services revenues $ 386,668 $ 326,589 $ 60,079 $ 44,633 $ 15,446 software and hardware revenues 52,776 30,224 22,552 1,795 20,757 reimbursable expenses 17,248 16,512 736 1,067 ( 331 ) total revenues $ 456,692 $ 373,325 $ 83,367 $ 47,495 $ 35,872 services revenues increased 18 % to $ 386.7 million for the year ended story_separator_special_tag on rare occasions , we enter into a transaction where we are not the principal . in these cases , revenue is recorded on a net basis . unbilled revenues represent the project time and expenses that have been incurred , but not yet billed to the client , prior to the end of the fiscal period . for time and materials projects , the client is invoiced for the amount of hours worked multiplied by the billing rates as stated in the contract . for fixed fee arrangements , the client is invoiced according to the agreed-upon schedule detailing the amount and timing of payments in the contract . clients are typically billed monthly for services provided during that month , but can be billed on a more or less frequent basis as determined by the contract . if the time and expenses are worked/incurred and approved at the end of a fiscal period and the invoice has not yet been sent to the client , the amount is recorded as unbilled revenue once we verify all other revenue recognition criteria have been met . revenues are recognized when the following criteria are met : ( 1 ) persuasive evidence of the customer arrangement exists ; ( 2 ) fees are fixed and determinable ; ( 3 ) delivery and acceptance have occurred ; and ( 4 ) collectability is deemed probable . our policy for revenue recognition in instances where multiple deliverables are sold contemporaneously to the same customer is in accordance with accounting standards board accounting standards codification ( `` asc `` ) subtopic 985-605 , software – revenue recognition , asc subtopic 605-25 , revenue recognition – multiple-element arrangements , and asc section 605-10-s99 ( staff accounting bulletin topic 13 , revenue recognition ) . specifically , if we enter into contracts for the sale of services and software or hardware , then we evaluate whether each element should be accounted for separately by considering the following criteria : ( 1 ) whether the deliverables have value to the client on a stand-alone basis ; and ( 2 ) whether delivery or performance of the undelivered item or items is considered probable and substantially in our control ( only if the arrangement includes a general right of return related to the delivered item ) . further , for sales of software and services , we also evaluate whether the services are essential to the functionality of the software and we have fair value evidence for each deliverable . if we have concluded that the separation criteria are met , then we account for each deliverable in the transaction separately , based on the relevant revenue recognition policies . generally , all deliverables of our multiple element arrangements meet these criteria and are accounted for separately , with the arrangement consideration allocated among the deliverables using vendor specific objective evidence of the selling price . as a result , we generally recognize software and hardware sales upon delivery to the customer and services consistent with the policies described herein . further , delivery of software and hardware sales , when sold contemporaneously with services , can generally occur at varying times depending on the specific client project arrangement . delivery of services generally occurs over a period of time consistent with the timeline as outlined in the client contract . there are no significant cancellation or termination-type provisions for our software and hardware sales . contracts for professional services provide for a general right , to the client or to us , to cancel or terminate the contract within a given period of time ( generally 10 to 30 days ' notice is required ) . the client is responsible for any time and expenses incurred up to the date of cancellation or termination of the contract . 24 we may provide multiple services under the terms of an arrangement and we are required to assess whether one or more units of accounting are present . service fees are typically accounted for as one unit of accounting , as fair value evidence for individual tasks or milestones is not available . we follow the guidelines discussed above in determining revenues ; however , certain judgments and estimates are made and used to determine revenues recognized in any accounting period . if estimates are revised , material differences may result in the amount and timing of revenues recognized for a given period . revenues are presented net of taxes assessed by governmental authorities . sales taxes are generally collected and subsequently remitted on all software and hardware sales and certain services transactions as appropriate . allowance for doubtful accounts is based upon specific identification of likely and probable losses . each accounting period , accounts receivable is evaluated for risk associated with a client 's inability to make contractual payments , historical experience and other currently available information . billed and unbilled receivables that are specifically identified as being at risk are provided for with a charge to revenue or bad debts as appropriate in the period the risk is identified . considerable judgment is used in assessing the ultimate realization of these receivables , including reviewing the financial stability of the client , evaluating the successful mitigation of service delivery disputes , and gauging current market conditions . if the evaluation of service delivery issues or a client 's ability to pay is incorrect , future reductions to revenue or bad debt expense may be incurred . goodwill , other intangible assets , and impairment of long-lived assets goodwill represents the excess purchase price over the fair value of net assets acquired , or net liabilities assumed , in a business combination . in accordance with asc topic 350 , intangibles – goodwill and other ( `` asc topic 350 `` ) , we perform an annual impairment test of goodwill . we evaluate goodwill as of october 1 each year and more frequently if events or

net cash provided by operating activities net cash provided by operating activities for the year ended december 31 , 2014 was $ 34.0 million compared to $ 46.9 million and $ 39.2 million for the years ended december 31 , 2013 and 2012 , respectively . for the year ended december 31 , 2014 , the components of operating cash flows were net income of $ 23.2 million plus non-cash charges of $ 27.4 million and net working capital investments of $ 16.6 million . the primary components of operating cash flows for the year ended december 31 , 2013 were net income of $ 21.4 million plus non-cash charges of $ 21.5 million and net working capital reductions of $ 3.9 million . the primary components of operating cash flow for the year ended december 31 , 2012 were net income of $ 16.1 million plus non-cash charges of $ 18.5 million and net working capital reductions of $ 4.6 million . net cash used in investing activities for the year ended december 31 , 2014 , we used $ 46.5 million for acquisitions and $ 7.1 million for purchases of equipment and to develop certain software for internal use including significant efforts associated with the implementation of a new internal erp system placed in service in 2014. for the year ended december 31 , 2013 , we used $ 38.4 million for acquisitions and $ 8.0 million for purchases of equipment and to develop certain software for internal use including significant efforts associated with the implementation of a new erp system . for the year ended december 31 , 2012 , we used $ 36.6 million for acquisitions and $ 2.1 million for purchases of equipment and to develop certain software for internal use .


 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.
     ```net cash provided by operating activities net cash provided by operating activities for the year ended december 31 , 2014 was $ 34.0 million compared to $ 46.9 million and $ 39.2 million for the years ended december 31 , 2013 and 2012 , respectively . for the year ended december 31 , 2014 , the components of operating cash flows were net income of $ 23.2 million plus non-cash charges of $ 27.4 million and net working capital investments of $ 16.6 million . the primary components of operating cash flows for the year ended december 31 , 2013 were net income of $ 21.4 million plus non-cash charges of $ 21.5 million and net working capital reductions of $ 3.9 million . the primary components of operating cash flow for the year ended december 31 , 2012 were net income of $ 16.1 million plus non-cash charges of $ 18.5 million and net working capital reductions of $ 4.6 million . net cash used in investing activities for the year ended december 31 , 2014 , we used $ 46.5 million for acquisitions and $ 7.1 million for purchases of equipment and to develop certain software for internal use including significant efforts associated with the implementation of a new internal erp system placed in service in 2014. for the year ended december 31 , 2013 , we used $ 38.4 million for acquisitions and $ 8.0 million for purchases of equipment and to develop certain software for internal use including significant efforts associated with the implementation of a new erp system . for the year ended december 31 , 2012 , we used $ 36.6 million for acquisitions and $ 2.1 million for purchases of equipment and to develop certain software for internal use .
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 Suspicious Activity Report : delivery of services generally occurs over a period of time consistent with the timeline as outlined in the client contract . there are no significant cancellation or termination-type provisions for our software and hardware sales . contracts for our professional services provide for a general right , to the client or us , to cancel or terminate the contract within a given period of time ( generally 10 to 30 days ' notice is required ) . the client is generally responsible for any time and expenses incurred up to the date of cancellation or termination of the contract . cost of revenues cost of revenues consists primarily of cash and non-cash compensation and benefits , including bonuses and non-cash compensation related to equity awards . cost of revenues also includes the costs associated with subcontractors . third-party software and hardware costs , reimbursable expenses and other unreimbursed project-related expenses are also included in cost of revenues . project-related expenses will fluctuate generally depending on outside factors including the cost and frequency of travel and the location of our clients . cost of revenues does not include depreciation of assets used in the production of revenues which are primarily personal computers , servers , and other information technology related equipment . gross margins our gross margins for services are affected by the utilization rates of our professionals ( defined as the percentage of our professionals ' time billed to clients divided by the total available hours in the respective period ) , the salaries we pay our professionals , and the average billing rate we receive from our clients . if a project ends earlier than scheduled , we retain professionals in advance of receiving project assignments , or if demand for our services declines , our utilization rate will decline and adversely affect our gross margins . gross margin percentages of third-party software and hardware sales are typically lower than gross margin percentages for services , and the mix of services and software and hardware for a particular period can significantly impact our total combined gross margin percentage for such period . in addition , gross margin for software and hardware sales can fluctuate due to pricing and other competitive pressures . selling , general , and administrative expenses selling , general and administrative ( `` sg & a `` ) expenses are primarily composed of sales-related costs , general and administrative salaries , stock compensation expense , office costs , recruiting expense , variable compensation costs , research and development , bad debts , and other miscellaneous expenses . we work to minimize selling costs by focusing on repeat business with existing clients and by accessing sales leads generated by our software vendors , most notably ibm , oracle and microsoft , whose products we use to design and implement solutions for our clients . these relationships enable us to reduce our selling costs and sales cycle times and increase win rates through leveraging our partners ' marketing efforts and endorsements . 17 plans for growth and acquisitions our goal is to continue to build one of the leading independent information technology consulting firms by expanding our relationships with existing and new clients and through the continuation of our disciplined acquisition strategy . our future growth plan includes expanding our business with a primary focus on customers in the united states , both organically and through acquisitions . our disciplined acquisition strategy began in january 2000. we have continued this strategy through our acquisitions of kerdock consulting , llc in march 2010 , speaktech in december 2010 , exervio consulting inc. ( `` exervio `` ) in april 2011 , jcb partners , llc in july 2011 , pointbridge solutions , llc ( `` pointbridge `` ) in february 2012 , nascent systems , lp ( `` nascent `` ) in june 2012 , northridge systems , inc. ( `` northridge `` ) in july 2012 , tritek solutions , inc. ( `` tritek `` ) and clear task , inc. ( `` clear task `` ) in may 2013 , corematrix systems , llc ( `` corematrix `` ) in october 2013 , forwardthink in february 2014 , biopharm in april 2014 and trifecta in may 2014. on january 2 , 2015 we acquired zeon solutions incorporated ( as described in note 15 , subsequent events , in the notes to consolidated financial statements ) . we also intend to further leverage our existing offshore capabilities to support our future growth and provide our clients flexible options for project delivery . when analyzing revenue growth by base business compared to acquired companies in the results of operations section below , revenue attributable to base business is defined as revenue from an acquired company that has been owned for a full four quarters after the date of acquisition . results of operations the following table summarizes our results of operations as a percentage of total revenues : replace_table_token_4_th * services and software and hardware gross margins are based on their percentage of respective revenues . 18 year ended december 31 , 2014 compared to year ended december 31 , 2013 revenues . total revenues increased 22 % to $ 456.7 million for the year ended december 31 , 2014 from $ 373.3 million for the year ended december 31 , 2013. financial results explanation for increases over prior year period ( in thousands ) ( in thousands ) for the year ended december 31 , 2014 for the year ended december 31 , 2013 total increase over prior year period increase attributable to acquired companies increase/ ( decrease ) attributable to base business services revenues $ 386,668 $ 326,589 $ 60,079 $ 44,633 $ 15,446 software and hardware revenues 52,776 30,224 22,552 1,795 20,757 reimbursable expenses 17,248 16,512 736 1,067 ( 331 ) total revenues $ 456,692 $ 373,325 $ 83,367 $ 47,495 $ 35,872 services revenues increased 18 % to $ 386.7 million for the year ended story_separator_special_tag on rare occasions , we enter into a transaction where we are not the principal . in these cases , revenue is recorded on a net basis . unbilled revenues represent the project time and expenses that have been incurred , but not yet billed to the client , prior to the end of the fiscal period . for time and materials projects , the client is invoiced for the amount of hours worked multiplied by the billing rates as stated in the contract . for fixed fee arrangements , the client is invoiced according to the agreed-upon schedule detailing the amount and timing of payments in the contract . clients are typically billed monthly for services provided during that month , but can be billed on a more or less frequent basis as determined by the contract . if the time and expenses are worked/incurred and approved at the end of a fiscal period and the invoice has not yet been sent to the client , the amount is recorded as unbilled revenue once we verify all other revenue recognition criteria have been met . revenues are recognized when the following criteria are met : ( 1 ) persuasive evidence of the customer arrangement exists ; ( 2 ) fees are fixed and determinable ; ( 3 ) delivery and acceptance have occurred ; and ( 4 ) collectability is deemed probable . our policy for revenue recognition in instances where multiple deliverables are sold contemporaneously to the same customer is in accordance with accounting standards board accounting standards codification ( `` asc `` ) subtopic 985-605 , software – revenue recognition , asc subtopic 605-25 , revenue recognition – multiple-element arrangements , and asc section 605-10-s99 ( staff accounting bulletin topic 13 , revenue recognition ) . specifically , if we enter into contracts for the sale of services and software or hardware , then we evaluate whether each element should be accounted for separately by considering the following criteria : ( 1 ) whether the deliverables have value to the client on a stand-alone basis ; and ( 2 ) whether delivery or performance of the undelivered item or items is considered probable and substantially in our control ( only if the arrangement includes a general right of return related to the delivered item ) . further , for sales of software and services , we also evaluate whether the services are essential to the functionality of the software and we have fair value evidence for each deliverable . if we have concluded that the separation criteria are met , then we account for each deliverable in the transaction separately , based on the relevant revenue recognition policies . generally , all deliverables of our multiple element arrangements meet these criteria and are accounted for separately , with the arrangement consideration allocated among the deliverables using vendor specific objective evidence of the selling price . as a result , we generally recognize software and hardware sales upon delivery to the customer and services consistent with the policies described herein . further , delivery of software and hardware sales , when sold contemporaneously with services , can generally occur at varying times depending on the specific client project arrangement . delivery of services generally occurs over a period of time consistent with the timeline as outlined in the client contract . there are no significant cancellation or termination-type provisions for our software and hardware sales . contracts for professional services provide for a general right , to the client or to us , to cancel or terminate the contract within a given period of time ( generally 10 to 30 days ' notice is required ) . the client is responsible for any time and expenses incurred up to the date of cancellation or termination of the contract . 24 we may provide multiple services under the terms of an arrangement and we are required to assess whether one or more units of accounting are present . service fees are typically accounted for as one unit of accounting , as fair value evidence for individual tasks or milestones is not available . we follow the guidelines discussed above in determining revenues ; however , certain judgments and estimates are made and used to determine revenues recognized in any accounting period . if estimates are revised , material differences may result in the amount and timing of revenues recognized for a given period . revenues are presented net of taxes assessed by governmental authorities . sales taxes are generally collected and subsequently remitted on all software and hardware sales and certain services transactions as appropriate . allowance for doubtful accounts is based upon specific identification of likely and probable losses . each accounting period , accounts receivable is evaluated for risk associated with a client 's inability to make contractual payments , historical experience and other currently available information . billed and unbilled receivables that are specifically identified as being at risk are provided for with a charge to revenue or bad debts as appropriate in the period the risk is identified . considerable judgment is used in assessing the ultimate realization of these receivables , including reviewing the financial stability of the client , evaluating the successful mitigation of service delivery disputes , and gauging current market conditions . if the evaluation of service delivery issues or a client 's ability to pay is incorrect , future reductions to revenue or bad debt expense may be incurred . goodwill , other intangible assets , and impairment of long-lived assets goodwill represents the excess purchase price over the fair value of net assets acquired , or net liabilities assumed , in a business combination . in accordance with asc topic 350 , intangibles – goodwill and other ( `` asc topic 350 `` ) , we perform an annual impairment test of goodwill . we evaluate goodwill as of october 1 each year and more frequently if events or

