we continue to believe that an active acquisition program supports our long-term strategic goals and we intend to look to acquisitions to strengthen our competitive position , expand our customer base and augment our considerable research and development programs . through such efforts we aim to accelerate innovation , improve earnings and increase overall stockholder value . critical accounting policies and estimates the following discussion and analysis of our financial condition and results of operations is based on our consolidated financial statements , which have been prepared in conformity with accounting principles generally accepted in the united states . our preparation of these consolidated financial statements requires us to make judgments and estimates that affect the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period . we base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances . as a result , actual results may differ from such estimates . our senior management has reviewed these critical accounting policies and related disclosures with the audit committee of our board of directors . the following summarizes our critical accounting policies and significant estimates used in preparing our consolidated financial statements : revenue recognition . we recognize revenue upon shipment of products when title and risk of loss passes , and when terms are fixed and collection is probable . in cases where product installation services are essential to the functionality of the equipment , we defer the portion of revenue for the sale attributable to installation until we have completed the installation . when terms of sale include subjective customer acceptance criteria , we defer revenue until we have achieved the acceptance criteria . concurrent with the shipment of a product , we accrue estimated product return reserves and warranty expenses . critical judgments made by management related to revenue recognition include the determination of whether or not customer acceptance criteria are perfunctory or inconsequential . the determination of whether or not the customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of the revenue that we recognize . critical judgments also include estimates of warranty reserves , which are established based on historical experience and knowledge of the product . we recognize revenues from separate service maintenance contracts ratably over the term of the contracts . for services that are not derived from specific maintenance contracts , we recognize service revenues as we perform the services . deferred revenue for such services arises from payments received from customers for services not yet performed . we record billed shipping and handling fees as revenue and the associated costs as cost of goods sold . on occasion , we receive advances from customers that are amortized against future customer payments pursuant to the underlying agreements . such advances are classified in the consolidated balance sheets as either a current or long-term liability dependent upon when we estimate the corresponding amortization to occur . allowance for doubtful accounts . the allowance for doubtful accounts involves estimates based on management 's judgment , review of individual receivables and analysis of historical bad debts . we monitor collections and payments from our customers and we maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments . we also assess current economic trends that might impact the level of credit losses in the future . if the financial condition of our customers were to deteriorate , resulting in an impairment of their ability to make payments , additional allowances could be required . inventory . inventory is stated at the lower of cost or market . cost is determined on the first-in , first-out method . we write down inventory for slow-moving and obsolete inventory based on assessments of future demands , market conditions and customers who may be experiencing financial difficulties . if these factors were to become less favorable than those projected , additional inventory write-downs could be required . 40 property and equipment . property and equipment are stated at cost less accumulated depreciation and amortization . depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets . amortization of leasehold improvements is calculated on the straight-line basis over the shorter of the useful life of the asset or the lease term . leased capital assets are included in property and equipment . amortization of property and equipment under capital leases is included with depreciation expense . income taxes . our annual tax rate is based on our income , statutory tax rates and tax planning opportunities available to us in the various jurisdictions in which we operate . tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities . significant judgment is required in determining our tax expense and in evaluating our tax positions including evaluating uncertainties . we review our tax positions quarterly and adjust the balances as new information becomes available . deferred income tax assets represent amounts available to reduce income taxes payable on taxable income in future years . such assets arise because of temporary differences between the financial reporting and tax bases of assets and liabilities , as well as from net operating loss and tax credit carryforwards . we evaluate the recoverability of these future tax deductions by assessing the adequacy of future expected taxable income from all sources , including reversal of taxable temporary differences , forecasted operating earnings and available tax planning strategies . these sources of income inherently rely on estimates . to provide insight , we use our historical experience and our short and long-range business forecasts . story_separator_special_tag of this amount , $ 0.2 million was recorded within our healthcare division , $ 0.3 million was recorded within our security division , and $ 0.9 million was recorded within our corporate holding company segment . during fiscal 2011 , we incurred total restructuring and other charges of $ 3.4 million with $ 2.2 million related to headcount reductions and $ 1.2 million related to a debt restructuring charge from the early termination of a credit facility which was replaced with a new credit facility . fiscal 2011 compared with fiscal 2010. during fiscal 2011 , we incurred $ 3.4 million of restructuring and other charges , of which $ 2.2 million related to headcount reductions and $ 1.2 million related to a debt restructuring charge from the early termination of a credit facility , which we replaced with a new credit facility . see note 6 to the consolidated financial statements for further discussion . of this $ 3.4 million of restructuring costs , $ 1.5 million was recorded within our healthcare division , $ 0.6 million was recorded within our security division , and 45 $ 1.3 million was recorded within our corporate holding company segment . during fiscal 2010 , we incurred total restructuring and other charges of $ 2.9 million related to headcount reductions , costs associated with the closure of certain facilities and a non-recurring litigation charge . interest expense and other income , net replace_table_token_10_th fiscal 2012 compared with fiscal 2011. in fiscal 2012 , the $ 2.9 million increase in interest expense and other income , net was primarily due to higher utilization of the letters-of-credit facility and a loss related to the performance of a foreign currency forward contract , which was not treated as a cash flow hedge , partially offset by lower levels of outstanding debt during fiscal 2012. fiscal 2011 compared with fiscal 2010. in fiscal 2011 , a $ 0.7 million reduction in interest expense and other income , net , resulted from reduced average debt levels outstanding and a reduction in the liability for contingent acquisition consideration that was recorded as other income during the year . provision for income taxes the effective tax rate for a particular period varies depending on a number of factors including ( i ) the mix of income earned in various tax jurisdictions , each of which applies a unique range of income tax rates and income tax credits , ( ii ) changes in previously established valuation allowances for deferred tax assets ( changes are based upon our current analysis of the likelihood that these deferred tax assets will be realized ) , ( iii ) the level of non-deductible expenses and ( iv ) tax holidays granted to certain of our international subsidiaries . fiscal 2012 compared with fiscal 2011. in fiscal 2012 , our income tax expense was $ 16.4 million , compared to an income tax expense of $ 13.3 million for fiscal 2011. the effective income tax rate for fiscal 2012 decreased to 26.5 % , from 28.5 % for fiscal 2011. in fiscal 2012 , the effective tax rate was reduced by 2.3 % from the one-time utilization of a tax loss carry-forward that had previously been offset by a valuation allowance . fiscal 2011 compared with fiscal 2010. in fiscal 2011 , our income tax expense was $ 13.3 million , compared to an income tax expense of $ 11.4 million for fiscal 2010. the effective income tax rate for fiscal 2011 decreased to 28.5 % , from 32.7 % for fiscal 2010. the largest driver of this 4.2 % decrease in our income tax rate is the jurisdictions where taxable income was recognized . in fiscal 2011 , a higher percentage of income was recognized in foreign jurisdictions with low tax rates and where we benefit from special tax exemptions . story_separator_special_tag increase in cash used for the acquisition of intangible and other assets . cash provided by ( used in ) financing activities the changes in cash flows from financing activities primarily relate to ( i ) borrowings and payments under debt obligations ; ( ii ) the issuance of and or repurchase of common stock and ( iii ) employee stock plan activities . fiscal 2012 compared with fiscal 2011. net cash used in financing activities was $ 1.7 million in fiscal 2012 , compared to $ 15.9 million used in fiscal 2011. in fiscal 2012 we used $ 6.4 million in cash to repurchase shares of our common stock under our stock repurchase program and settle tax obligations arising out of our stock plans as compared to $ 2.2 million to repurchase treasury shares during fiscal 2011. these payments were partially offset by the receipt of $ 4.9 million in proceeds from the exercise of stock options and the purchase of stock under our employee stock purchase plan in fiscal 2012 , compared to $ 19.6 million in fiscal 2011. fiscal 2011 compared with fiscal 2010. net cash used in financing activities was $ 15.9 million in fiscal 2011 , compared to net cash of $ 3.0 million used in fiscal 2010. in fiscal 2011 , we repaid a $ 32.6 million term loan that was outstanding under our former credit facility as well as a capital lease obligation of $ 0.7 million , as 48 compared to fiscal 2010 when we paid down $ 12.0 million of scheduled debt and capital leases and reduced our bank lines of credit by $ 4.0 million . these payments were partially offset by the receipt of $ 19.6 million in proceeds from the exercise of stock options and the purchase of stock under our employee stock purchase plan in fiscal 2011 , compared to $ 13.0 million in fiscal 2010. in addition , in fiscal 2011 we used $ 2.2 million in cash to repurchase 58,396 shares of our common stock under our common stock repurchase program , but did not

liquidity and capital resources over the past several years we have financed our business primarily through cash flow from operations and by utilizing our credit facilities . cash and cash equivalents totaled $ 91.5 million at june 30 , 2012 , an increase of $ 35.9 million , or 65 % , from $ 55.6 million at june 30 , 2011. in fiscal 2013 significant capital spending is expected to be incurred in preparation for a large turnkey security screening solution agreement . such spending is expected 46 to be funded by existing cash balances , cash flow from operations or our existing credit facility . the changes in our working capital and cash and cash equivalent balances are described below . replace_table_token_11_th working capital fiscal 2012 compared with fiscal 2011. working capital increased by $ 78.2 million , or 32 % , during fiscal 2012 primarily due to : ( i ) a $ 100.0 million customer advance , partially offset by a $ 50.9 million use of cash for capital expenditures , both related to a large turnkey screening solutions customer ; ( ii ) a $ 25.5 million increase in inventory , mainly in our security division , to support future order fulfillment ; ( iii ) a $ 20.2 million increase in accounts receivable driven in part by our 21 % revenue growth , and ( iv ) a $ 10.0 million decrease in accounts payable due to timing of payments . these increases to working capital were partially offset by : ( i ) a $ 5.8 million decrease in prepaid expenses and other current assets ; ( ii ) a $ 4.6 million increase in other accrued expenses and other current liabilities ; ( iii ) a $ 4.2 million increase in deferred revenue , and ( iv ) a $ 3.0 million increase in accrued warranties .


 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 over the past several years we have financed our business primarily through cash flow from operations and by utilizing our credit facilities . cash and cash equivalents totaled $ 91.5 million at june 30 , 2012 , an increase of $ 35.9 million , or 65 % , from $ 55.6 million at june 30 , 2011. in fiscal 2013 significant capital spending is expected to be incurred in preparation for a large turnkey security screening solution agreement . such spending is expected 46 to be funded by existing cash balances , cash flow from operations or our existing credit facility . the changes in our working capital and cash and cash equivalent balances are described below . replace_table_token_11_th working capital fiscal 2012 compared with fiscal 2011. working capital increased by $ 78.2 million , or 32 % , during fiscal 2012 primarily due to : ( i ) a $ 100.0 million customer advance , partially offset by a $ 50.9 million use of cash for capital expenditures , both related to a large turnkey screening solutions customer ; ( ii ) a $ 25.5 million increase in inventory , mainly in our security division , to support future order fulfillment ; ( iii ) a $ 20.2 million increase in accounts receivable driven in part by our 21 % revenue growth , and ( iv ) a $ 10.0 million decrease in accounts payable due to timing of payments . these increases to working capital were partially offset by : ( i ) a $ 5.8 million decrease in prepaid expenses and other current assets ; ( ii ) a $ 4.6 million increase in other accrued expenses and other current liabilities ; ( iii ) a $ 4.2 million increase in deferred revenue , and ( iv ) a $ 3.0 million increase in accrued warranties .
```    
 Suspicious Activity Report : we continue to believe that an active acquisition program supports our long-term strategic goals and we intend to look to acquisitions to strengthen our competitive position , expand our customer base and augment our considerable research and development programs . through such efforts we aim to accelerate innovation , improve earnings and increase overall stockholder value . critical accounting policies and estimates the following discussion and analysis of our financial condition and results of operations is based on our consolidated financial statements , which have been prepared in conformity with accounting principles generally accepted in the united states . our preparation of these consolidated financial statements requires us to make judgments and estimates that affect the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period . we base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances . as a result , actual results may differ from such estimates . our senior management has reviewed these critical accounting policies and related disclosures with the audit committee of our board of directors . the following summarizes our critical accounting policies and significant estimates used in preparing our consolidated financial statements : revenue recognition . we recognize revenue upon shipment of products when title and risk of loss passes , and when terms are fixed and collection is probable . in cases where product installation services are essential to the functionality of the equipment , we defer the portion of revenue for the sale attributable to installation until we have completed the installation . when terms of sale include subjective customer acceptance criteria , we defer revenue until we have achieved the acceptance criteria . concurrent with the shipment of a product , we accrue estimated product return reserves and warranty expenses . critical judgments made by management related to revenue recognition include the determination of whether or not customer acceptance criteria are perfunctory or inconsequential . the determination of whether or not the customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of the revenue that we recognize . critical judgments also include estimates of warranty reserves , which are established based on historical experience and knowledge of the product . we recognize revenues from separate service maintenance contracts ratably over the term of the contracts . for services that are not derived from specific maintenance contracts , we recognize service revenues as we perform the services . deferred revenue for such services arises from payments received from customers for services not yet performed . we record billed shipping and handling fees as revenue and the associated costs as cost of goods sold . on occasion , we receive advances from customers that are amortized against future customer payments pursuant to the underlying agreements . such advances are classified in the consolidated balance sheets as either a current or long-term liability dependent upon when we estimate the corresponding amortization to occur . allowance for doubtful accounts . the allowance for doubtful accounts involves estimates based on management 's judgment , review of individual receivables and analysis of historical bad debts . we monitor collections and payments from our customers and we maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments . we also assess current economic trends that might impact the level of credit losses in the future . if the financial condition of our customers were to deteriorate , resulting in an impairment of their ability to make payments , additional allowances could be required . inventory . inventory is stated at the lower of cost or market . cost is determined on the first-in , first-out method . we write down inventory for slow-moving and obsolete inventory based on assessments of future demands , market conditions and customers who may be experiencing financial difficulties . if these factors were to become less favorable than those projected , additional inventory write-downs could be required . 40 property and equipment . property and equipment are stated at cost less accumulated depreciation and amortization . depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets . amortization of leasehold improvements is calculated on the straight-line basis over the shorter of the useful life of the asset or the lease term . leased capital assets are included in property and equipment . amortization of property and equipment under capital leases is included with depreciation expense . income taxes . our annual tax rate is based on our income , statutory tax rates and tax planning opportunities available to us in the various jurisdictions in which we operate . tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities . significant judgment is required in determining our tax expense and in evaluating our tax positions including evaluating uncertainties . we review our tax positions quarterly and adjust the balances as new information becomes available . deferred income tax assets represent amounts available to reduce income taxes payable on taxable income in future years . such assets arise because of temporary differences between the financial reporting and tax bases of assets and liabilities , as well as from net operating loss and tax credit carryforwards . we evaluate the recoverability of these future tax deductions by assessing the adequacy of future expected taxable income from all sources , including reversal of taxable temporary differences , forecasted operating earnings and available tax planning strategies . these sources of income inherently rely on estimates . to provide insight , we use our historical experience and our short and long-range business forecasts . story_separator_special_tag of this amount , $ 0.2 million was recorded within our healthcare division , $ 0.3 million was recorded within our security division , and $ 0.9 million was recorded within our corporate holding company segment . during fiscal 2011 , we incurred total restructuring and other charges of $ 3.4 million with $ 2.2 million related to headcount reductions and $ 1.2 million related to a debt restructuring charge from the early termination of a credit facility which was replaced with a new credit facility . fiscal 2011 compared with fiscal 2010. during fiscal 2011 , we incurred $ 3.4 million of restructuring and other charges , of which $ 2.2 million related to headcount reductions and $ 1.2 million related to a debt restructuring charge from the early termination of a credit facility , which we replaced with a new credit facility . see note 6 to the consolidated financial statements for further discussion . of this $ 3.4 million of restructuring costs , $ 1.5 million was recorded within our healthcare division , $ 0.6 million was recorded within our security division , and 45 $ 1.3 million was recorded within our corporate holding company segment . during fiscal 2010 , we incurred total restructuring and other charges of $ 2.9 million related to headcount reductions , costs associated with the closure of certain facilities and a non-recurring litigation charge . interest expense and other income , net replace_table_token_10_th fiscal 2012 compared with fiscal 2011. in fiscal 2012 , the $ 2.9 million increase in interest expense and other income , net was primarily due to higher utilization of the letters-of-credit facility and a loss related to the performance of a foreign currency forward contract , which was not treated as a cash flow hedge , partially offset by lower levels of outstanding debt during fiscal 2012. fiscal 2011 compared with fiscal 2010. in fiscal 2011 , a $ 0.7 million reduction in interest expense and other income , net , resulted from reduced average debt levels outstanding and a reduction in the liability for contingent acquisition consideration that was recorded as other income during the year . provision for income taxes the effective tax rate for a particular period varies depending on a number of factors including ( i ) the mix of income earned in various tax jurisdictions , each of which applies a unique range of income tax rates and income tax credits , ( ii ) changes in previously established valuation allowances for deferred tax assets ( changes are based upon our current analysis of the likelihood that these deferred tax assets will be realized ) , ( iii ) the level of non-deductible expenses and ( iv ) tax holidays granted to certain of our international subsidiaries . fiscal 2012 compared with fiscal 2011. in fiscal 2012 , our income tax expense was $ 16.4 million , compared to an income tax expense of $ 13.3 million for fiscal 2011. the effective income tax rate for fiscal 2012 decreased to 26.5 % , from 28.5 % for fiscal 2011. in fiscal 2012 , the effective tax rate was reduced by 2.3 % from the one-time utilization of a tax loss carry-forward that had previously been offset by a valuation allowance . fiscal 2011 compared with fiscal 2010. in fiscal 2011 , our income tax expense was $ 13.3 million , compared to an income tax expense of $ 11.4 million for fiscal 2010. the effective income tax rate for fiscal 2011 decreased to 28.5 % , from 32.7 % for fiscal 2010. the largest driver of this 4.2 % decrease in our income tax rate is the jurisdictions where taxable income was recognized . in fiscal 2011 , a higher percentage of income was recognized in foreign jurisdictions with low tax rates and where we benefit from special tax exemptions . story_separator_special_tag increase in cash used for the acquisition of intangible and other assets . cash provided by ( used in ) financing activities the changes in cash flows from financing activities primarily relate to ( i ) borrowings and payments under debt obligations ; ( ii ) the issuance of and or repurchase of common stock and ( iii ) employee stock plan activities . fiscal 2012 compared with fiscal 2011. net cash used in financing activities was $ 1.7 million in fiscal 2012 , compared to $ 15.9 million used in fiscal 2011. in fiscal 2012 we used $ 6.4 million in cash to repurchase shares of our common stock under our stock repurchase program and settle tax obligations arising out of our stock plans as compared to $ 2.2 million to repurchase treasury shares during fiscal 2011. these payments were partially offset by the receipt of $ 4.9 million in proceeds from the exercise of stock options and the purchase of stock under our employee stock purchase plan in fiscal 2012 , compared to $ 19.6 million in fiscal 2011. fiscal 2011 compared with fiscal 2010. net cash used in financing activities was $ 15.9 million in fiscal 2011 , compared to net cash of $ 3.0 million used in fiscal 2010. in fiscal 2011 , we repaid a $ 32.6 million term loan that was outstanding under our former credit facility as well as a capital lease obligation of $ 0.7 million , as 48 compared to fiscal 2010 when we paid down $ 12.0 million of scheduled debt and capital leases and reduced our bank lines of credit by $ 4.0 million . these payments were partially offset by the receipt of $ 19.6 million in proceeds from the exercise of stock options and the purchase of stock under our employee stock purchase plan in fiscal 2011 , compared to $ 13.0 million in fiscal 2010. in addition , in fiscal 2011 we used $ 2.2 million in cash to repurchase 58,396 shares of our common stock under our common stock repurchase program , but did not

