on september 13 , 2016 , the company entered into an asset purchase agreement with extreme networks , inc. to divest of its wireless lan ( “ wlan ” ) business ( “ divestiture group ” ) . wlan operating results are reported in the enterprise segment through the closing date of the wlan divestiture of october 28 , 2016. see note 3 business combinations and divestitures for additional information . segments the company 's operations consist of two reportable segments : legacy zebra and enterprise . legacy zebra the legacy zebra segment is an industry leader in barcode printing and asset tracking technologies . its major product lines include barcode and card printers , location solutions , supplies , and services . industries served include retail , transportation and logistics , manufacturing , healthcare , and other end markets within the following regions : north america ; europe , middle east , and africa ; asia-pacific ; and latin america . enterprise the enterprise segment is an industry leader in automatic information and data capture solutions . its major product lines include mobile computing , data capture , rfid , and services . industries served include retail , transportation and logistics , manufacturing , healthcare , and other end markets within the following regions : north america ; europe , middle east , and africa ; asia-pacific ; and latin america . geographic information . for the year ended december 31 , 2016 , the company recorded $ 3.6 billion of net sales in its consolidated statements of operations , of which approximately 48.7 % were attributable to north america ; approximately 31.8 % were attributable to europe , middle east , and africa ( “ emea ” ) ; and other foreign locations accounted for the remaining 19.5 % . net sales attributable from each region are relatively consistent with the prior year period . 26 results of operations : year ended 2016 versus 2015 and year ended 2015 versus 2014 consolidated results of operations ( amounts in millions , except percentages ) replace_table_token_4_th net sales by product category were as follows ( amounts in millions , except percentages ) : replace_table_token_5_th net sales to customers by geographic region were as follows ( in millions , except percentages ) : replace_table_token_6_th operating expenses are summarized below ( in millions , except percentages ) : replace_table_token_7_th 27 the company 's non-operating income and expense items are summarized in the following tables ( in millions , except percentages ) : replace_table_token_8_th ( 1 ) the businesses included in our enterprise segment were acquired as part of the acquisition . the consolidated results for the year ended december 31 , 2014 include only two months ( november and december 2014 ) of the enterprise segment . the increase in net sales , gross profit , operating expenses and operating income , for the year ended december 31 , 2014 was primarily related to the acquisition . 2016 compared to 2015 net sales decreased by $ 76 million or 2.1 % compared with the prior year period . the decline in net sales is due to lower hardware sales in north america , emea , and latin america , including the unfavorable impact of foreign currency changes , partially offset by higher hardware sales in asia-pacific . the decline in hardware sales is largely attributable to lower sales of barcode printer , data capture , wireless lan products , and location solutions . on a constant currency basis and excluding purchase accounting adjustments , overall net sales declined approximately 1 % compared to the prior year period , reflecting growth of approximately 4 % in asia-pacific , offset by declines of approximately 2 % , 1 % , and 3 % in north america , emea , and latin america , respectively . gross margin as a percent of sales was 45.9 % compared to the prior year period of 45.0 % . this improvement in gross margin reflects an increase in the enterprise segment gross margin primarily due to lower services and hardware product costs . legacy zebra segment gross margin decreased primarily due to lower sales demand and the impact of incentive programs , including the concessions to distributors of printer products imported into china , partially offset by product cost improvements . operating expenses for the year ended december 31 , 2016 and 2015 , were $ 1.6 billion , or 43.7 % and 44.0 % of net sales , respectively . the reduction in operating expenses as a percentage of net sales reflects the company 's continued focus on improving operating efficiency and controlling expenses . selling and marketing expenses were lower compared to the prior year due to the full-year impact of staff reductions implemented in 2015 and lower discretionary expenses and promotional spending . the decrease in research and development costs was primarily due to a reduction in headcount and other third-party resources , the impact from the divestiture of the wireless lan business , and shifting of headcount to lower cost engineering locations . the increase in general and administrative costs was primarily due to higher it related expenses , including increased support and maintenance costs for it infrastructure and business systems as we exit transition services agreements with motorola solutions , and increased legal fees and litigation related expenses . the decrease in amortization of intangibles was due to impairment charges taken in the current year along with other intangible assets becoming fully amortized . impairment of goodwill and other intangibles of $ 62 million was recorded during the third quarter related to the wireless lan business divestiture . the company has made significant progress on its integration activities associated with the acquisition , including exiting many transition services agreements with motorola solutions . story_separator_special_tag the refinancing amendment lowered the index rate spread for libor loans from libor + 400 bp to libor + 325 bp . during the second quarter of 2016 , the company recorded a one-time $ 2.7 million expense , primarily related to costs incurred with third parties for arranger , legal and other services and the loss incurred on the extinguished debt . these expenses are reflected as non-operating expenses within the consolidated statement of operations . additionally , the company paid $ 4.9 million to the creditors in exchange for the modification and reported it as debt discount which is being amortizing over the life of the modified debt using the interest method . borrowings under the modified term loan bear interest at a variable rate subject to a floor of 4.00 % . on december 6 , 2016 , the company entered into the second amendment to our existing credit agreement dated as of october 27 , 2014 ( the “ refinancing amendment 2 ” ) . the refinancing amendment lowered the index rate spread for libor loans from libor + 325 bp to libor + 250 bp . as a result of the december 6 , 2016 refinancing transaction , the company recorded a one-time $ 1.7 million expense , primarily related to costs incurred with third parties for arranger , legal and other services and the loss incurred on the modified debt . the company had no costs due to creditors associated with fees for the modification . as of december 31 , 2016 , the term loan interest rate was 3.45 % . interest payments are payable quarterly . the company has entered into interest rate swaps to manage interest rate risk on its long-term debt . see note 8 derivative instruments for further details . the credit agreement requires the company to prepay the term loan and revolving credit facility , under certain circumstances or transactions defined in the credit agreement . also , the company may voluntarily prepay its obligations under the term loan at any time in whole or in part , without premium or penalty . the company has made such optional principal prepayments of $ 382 million in 2016. through february 2017 , the company made an additional optional principal prepayment 33 of $ 20 million . unless satisfied by further optional prepayments , the company is required to make a scheduled principal payment of $ 1.6 billion on october 27 , 2021. the revolving credit facility is available for working capital and other general corporate purposes including letters of credit . the amount ( including letters of credit ) shall not exceed $ 250 million . as of december 31 , 2016 , the company had established letters of credit totaling $ 4 million , which reduced funds available for other borrowings under the agreement to $ 246 million . the revolving credit facility will mature and the commitments thereunder will terminate on october 27 , 2019. borrowings under the revolving credit facility bear interest at a variable rate plus an applicable margin . the applicable margin for borrowings under the revolving credit facility ranges from 2.25 % to 2.75 % depending on the company 's consolidated total secured net leverage ratio , which is evaluated on a quarterly basis . interest payments are payable quarterly . as of december 31 , 2016 , the company did not have any borrowings outstanding against the revolving credit facility . the revolving credit facility contains certain covenants limiting among other things , the ability of the company and its restricted subsidiaries , with certain exceptions as described in the credit agreement , to : ( i ) incur indebtedness , make guarantees or issue certain equity securities ; ( ii ) pay dividends on its capital stock or redeem , repurchase or retire its capital stock ; ( iii ) make certain investments , loans and acquisitions ; ( iv ) sell certain assets or issue capital stock of restricted subsidiaries ; ( v ) create liens or engage in sale-leaseback transactions ; ( vi ) merge , consolidate or transfer or dispose of substantially all of their assets ; ( vii ) engage in certain transactions with affiliates ; ( viii ) alter the business it conducts ; ( ix ) amend , prepay , redeem or purchase subordinated debt ; and ( x ) enter into agreements limiting subsidiary dividends and distributions . the revolving credit facility also requires the company to comply with a financial covenant consisting of a quarterly maximum consolidated total secured net leverage ratio , ( as defined in the credit agreement ) . this test is only required to be performed at the end of the fiscal quarter and when 20 % of the commitments under the revolving credit facility have been drawn and remain outstanding . the term loan and obligations under the revolving credit facility are collateralized by a security interest in substantially all of the company 's assets as defined in the security agreement and guaranteed by its direct and indirect wholly-owned existing and future domestic restricted subsidiaries , subject to certain exceptions . certain domestic subsidiaries of the company ( the “ guarantor subsidiaries ” ) guarantee the notes , the term loan and the revolving credit facility on a senior basis : for the year ended december 31 , 2016 , the non-guarantor subsidiaries would have ( a ) accounted for 45 % of our total revenue and ( b ) held 24 % or $ 1 billion of our total assets and approximately 12 % or $ 0.4 billion of our total liabilities including trade payables but excluding intercompany liabilities . on december 31 , 2016 , the company was in compliance with all covenants . historically , significant portions of our cash inflows were generated by our operations . we currently expect this trend to continue throughout 2017. we believe that our existing cash and investments ,

liquidity and capital resources the primary factors that influence our liquidity include , but are not limited to , the amount and timing of our revenues , cash collections from our customers , capital expenditures , repatriation of foreign cash and investments , and acquisitions of third-parties . management believes that our existing capital resources and funds generated from operations are sufficient to meet anticipated capital requirements and service our indebtedness . the following table summarizes our cash flow activities for the years indicated ( in millions ) : replace_table_token_10_th the change in our cash and cash equivalents balance is reflective of the following : 2016 vs. 2015 cash flows from operations increased $ 262 million during 2016 to $ 372 million . this improvement was driven by lower net losses of $ 21 million , which included significant non-cash drivers of a lower deferred income tax benefit of $ 98 million and asset impairment for goodwill , intangibles and other assets of $ 69 million , primarily related to the wireless lan business divestiture . additionally , the company had improved working capital of $ 85 million during 2016. working capital improvements consisted primarily of accounts payable increases due to the company successfully renegotiating longer payment terms with vendors being partially offset by an increase in income tax cash outflows . net cash used in investing activities during 2016 included capital expenditures of $ 77 million compared to $ 122 million in 2015. the decrease consisted primarily of a reduction in integration and real estate related capital expenditures . this was offset somewhat by the sale of the wireless lan business resulting in net cash received of $ 39 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.
     ```liquidity and capital resources the primary factors that influence our liquidity include , but are not limited to , the amount and timing of our revenues , cash collections from our customers , capital expenditures , repatriation of foreign cash and investments , and acquisitions of third-parties . management believes that our existing capital resources and funds generated from operations are sufficient to meet anticipated capital requirements and service our indebtedness . the following table summarizes our cash flow activities for the years indicated ( in millions ) : replace_table_token_10_th the change in our cash and cash equivalents balance is reflective of the following : 2016 vs. 2015 cash flows from operations increased $ 262 million during 2016 to $ 372 million . this improvement was driven by lower net losses of $ 21 million , which included significant non-cash drivers of a lower deferred income tax benefit of $ 98 million and asset impairment for goodwill , intangibles and other assets of $ 69 million , primarily related to the wireless lan business divestiture . additionally , the company had improved working capital of $ 85 million during 2016. working capital improvements consisted primarily of accounts payable increases due to the company successfully renegotiating longer payment terms with vendors being partially offset by an increase in income tax cash outflows . net cash used in investing activities during 2016 included capital expenditures of $ 77 million compared to $ 122 million in 2015. the decrease consisted primarily of a reduction in integration and real estate related capital expenditures . this was offset somewhat by the sale of the wireless lan business resulting in net cash received of $ 39 million .
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 Suspicious Activity Report : on september 13 , 2016 , the company entered into an asset purchase agreement with extreme networks , inc. to divest of its wireless lan ( “ wlan ” ) business ( “ divestiture group ” ) . wlan operating results are reported in the enterprise segment through the closing date of the wlan divestiture of october 28 , 2016. see note 3 business combinations and divestitures for additional information . segments the company 's operations consist of two reportable segments : legacy zebra and enterprise . legacy zebra the legacy zebra segment is an industry leader in barcode printing and asset tracking technologies . its major product lines include barcode and card printers , location solutions , supplies , and services . industries served include retail , transportation and logistics , manufacturing , healthcare , and other end markets within the following regions : north america ; europe , middle east , and africa ; asia-pacific ; and latin america . enterprise the enterprise segment is an industry leader in automatic information and data capture solutions . its major product lines include mobile computing , data capture , rfid , and services . industries served include retail , transportation and logistics , manufacturing , healthcare , and other end markets within the following regions : north america ; europe , middle east , and africa ; asia-pacific ; and latin america . geographic information . for the year ended december 31 , 2016 , the company recorded $ 3.6 billion of net sales in its consolidated statements of operations , of which approximately 48.7 % were attributable to north america ; approximately 31.8 % were attributable to europe , middle east , and africa ( “ emea ” ) ; and other foreign locations accounted for the remaining 19.5 % . net sales attributable from each region are relatively consistent with the prior year period . 26 results of operations : year ended 2016 versus 2015 and year ended 2015 versus 2014 consolidated results of operations ( amounts in millions , except percentages ) replace_table_token_4_th net sales by product category were as follows ( amounts in millions , except percentages ) : replace_table_token_5_th net sales to customers by geographic region were as follows ( in millions , except percentages ) : replace_table_token_6_th operating expenses are summarized below ( in millions , except percentages ) : replace_table_token_7_th 27 the company 's non-operating income and expense items are summarized in the following tables ( in millions , except percentages ) : replace_table_token_8_th ( 1 ) the businesses included in our enterprise segment were acquired as part of the acquisition . the consolidated results for the year ended december 31 , 2014 include only two months ( november and december 2014 ) of the enterprise segment . the increase in net sales , gross profit , operating expenses and operating income , for the year ended december 31 , 2014 was primarily related to the acquisition . 2016 compared to 2015 net sales decreased by $ 76 million or 2.1 % compared with the prior year period . the decline in net sales is due to lower hardware sales in north america , emea , and latin america , including the unfavorable impact of foreign currency changes , partially offset by higher hardware sales in asia-pacific . the decline in hardware sales is largely attributable to lower sales of barcode printer , data capture , wireless lan products , and location solutions . on a constant currency basis and excluding purchase accounting adjustments , overall net sales declined approximately 1 % compared to the prior year period , reflecting growth of approximately 4 % in asia-pacific , offset by declines of approximately 2 % , 1 % , and 3 % in north america , emea , and latin america , respectively . gross margin as a percent of sales was 45.9 % compared to the prior year period of 45.0 % . this improvement in gross margin reflects an increase in the enterprise segment gross margin primarily due to lower services and hardware product costs . legacy zebra segment gross margin decreased primarily due to lower sales demand and the impact of incentive programs , including the concessions to distributors of printer products imported into china , partially offset by product cost improvements . operating expenses for the year ended december 31 , 2016 and 2015 , were $ 1.6 billion , or 43.7 % and 44.0 % of net sales , respectively . the reduction in operating expenses as a percentage of net sales reflects the company 's continued focus on improving operating efficiency and controlling expenses . selling and marketing expenses were lower compared to the prior year due to the full-year impact of staff reductions implemented in 2015 and lower discretionary expenses and promotional spending . the decrease in research and development costs was primarily due to a reduction in headcount and other third-party resources , the impact from the divestiture of the wireless lan business , and shifting of headcount to lower cost engineering locations . the increase in general and administrative costs was primarily due to higher it related expenses , including increased support and maintenance costs for it infrastructure and business systems as we exit transition services agreements with motorola solutions , and increased legal fees and litigation related expenses . the decrease in amortization of intangibles was due to impairment charges taken in the current year along with other intangible assets becoming fully amortized . impairment of goodwill and other intangibles of $ 62 million was recorded during the third quarter related to the wireless lan business divestiture . the company has made significant progress on its integration activities associated with the acquisition , including exiting many transition services agreements with motorola solutions . story_separator_special_tag the refinancing amendment lowered the index rate spread for libor loans from libor + 400 bp to libor + 325 bp . during the second quarter of 2016 , the company recorded a one-time $ 2.7 million expense , primarily related to costs incurred with third parties for arranger , legal and other services and the loss incurred on the extinguished debt . these expenses are reflected as non-operating expenses within the consolidated statement of operations . additionally , the company paid $ 4.9 million to the creditors in exchange for the modification and reported it as debt discount which is being amortizing over the life of the modified debt using the interest method . borrowings under the modified term loan bear interest at a variable rate subject to a floor of 4.00 % . on december 6 , 2016 , the company entered into the second amendment to our existing credit agreement dated as of october 27 , 2014 ( the “ refinancing amendment 2 ” ) . the refinancing amendment lowered the index rate spread for libor loans from libor + 325 bp to libor + 250 bp . as a result of the december 6 , 2016 refinancing transaction , the company recorded a one-time $ 1.7 million expense , primarily related to costs incurred with third parties for arranger , legal and other services and the loss incurred on the modified debt . the company had no costs due to creditors associated with fees for the modification . as of december 31 , 2016 , the term loan interest rate was 3.45 % . interest payments are payable quarterly . the company has entered into interest rate swaps to manage interest rate risk on its long-term debt . see note 8 derivative instruments for further details . the credit agreement requires the company to prepay the term loan and revolving credit facility , under certain circumstances or transactions defined in the credit agreement . also , the company may voluntarily prepay its obligations under the term loan at any time in whole or in part , without premium or penalty . the company has made such optional principal prepayments of $ 382 million in 2016. through february 2017 , the company made an additional optional principal prepayment 33 of $ 20 million . unless satisfied by further optional prepayments , the company is required to make a scheduled principal payment of $ 1.6 billion on october 27 , 2021. the revolving credit facility is available for working capital and other general corporate purposes including letters of credit . the amount ( including letters of credit ) shall not exceed $ 250 million . as of december 31 , 2016 , the company had established letters of credit totaling $ 4 million , which reduced funds available for other borrowings under the agreement to $ 246 million . the revolving credit facility will mature and the commitments thereunder will terminate on october 27 , 2019. borrowings under the revolving credit facility bear interest at a variable rate plus an applicable margin . the applicable margin for borrowings under the revolving credit facility ranges from 2.25 % to 2.75 % depending on the company 's consolidated total secured net leverage ratio , which is evaluated on a quarterly basis . interest payments are payable quarterly . as of december 31 , 2016 , the company did not have any borrowings outstanding against the revolving credit facility . the revolving credit facility contains certain covenants limiting among other things , the ability of the company and its restricted subsidiaries , with certain exceptions as described in the credit agreement , to : ( i ) incur indebtedness , make guarantees or issue certain equity securities ; ( ii ) pay dividends on its capital stock or redeem , repurchase or retire its capital stock ; ( iii ) make certain investments , loans and acquisitions ; ( iv ) sell certain assets or issue capital stock of restricted subsidiaries ; ( v ) create liens or engage in sale-leaseback transactions ; ( vi ) merge , consolidate or transfer or dispose of substantially all of their assets ; ( vii ) engage in certain transactions with affiliates ; ( viii ) alter the business it conducts ; ( ix ) amend , prepay , redeem or purchase subordinated debt ; and ( x ) enter into agreements limiting subsidiary dividends and distributions . the revolving credit facility also requires the company to comply with a financial covenant consisting of a quarterly maximum consolidated total secured net leverage ratio , ( as defined in the credit agreement ) . this test is only required to be performed at the end of the fiscal quarter and when 20 % of the commitments under the revolving credit facility have been drawn and remain outstanding . the term loan and obligations under the revolving credit facility are collateralized by a security interest in substantially all of the company 's assets as defined in the security agreement and guaranteed by its direct and indirect wholly-owned existing and future domestic restricted subsidiaries , subject to certain exceptions . certain domestic subsidiaries of the company ( the “ guarantor subsidiaries ” ) guarantee the notes , the term loan and the revolving credit facility on a senior basis : for the year ended december 31 , 2016 , the non-guarantor subsidiaries would have ( a ) accounted for 45 % of our total revenue and ( b ) held 24 % or $ 1 billion of our total assets and approximately 12 % or $ 0.4 billion of our total liabilities including trade payables but excluding intercompany liabilities . on december 31 , 2016 , the company was in compliance with all covenants . historically , significant portions of our cash inflows were generated by our operations . we currently expect this trend to continue throughout 2017. we believe that our existing cash and investments ,

