scansource , inc. and its subsidiaries ( the `` company `` ) provide value-added distribution services for approximately 290 technology manufacturers and sells to approximately 28,000 resellers in the following specialty technology markets : pos and barcode , security and communications . the company operates in the united states , canada , latin america , and europe and uses centralized distribution centers for major geographic regions . the company distributes to the united states and canada from its southaven , mississippi distribution center ; to latin america principally from distribution centers located in florida , mexico and brazil ; and to europe from its distribution center in belgium . the company distributes products for many of its key vendors in all of its geographic markets ; however certain vendors only allow distribution to specific geographies . the company 's key vendors in barcode technologies include bematech , cisco , datalogic , datamax-o'neil , elo , epson , honeywell , intermec by honeywell , motorola , ncr , toshiba global commerce solutions and zebra technologies . the company 's key vendors for security technologies include arecont , axis , bosch , cisco , datacard , exacq technologies , fargo , hid , march networks , panasonic , ruckus wireless , samsung , sony and zebra card . the company 's key vendors in communications technologies include aruba , avaya , audiocodes , cisco , dialogic , extreme networks , meru networks , plantronics , polycom , shoretel and sonus . 22 index to financial statements during fiscal year 2014 , the barcode & security distribution segment added 3d printing solutions to their product offerings that are targeted at the manufacturing , healthcare , aerospace , and automotive markets . in april 2014 , it was announced that zebra technologies intends to purchase motorola solutions ' enterprise business . zebra technologies and motorola solutions represent key vendors in our barcode technologies business . in the fourth quarter of fiscal 2013 , we announced a new management structure to enhance our worldwide technology markets focus and growth strategy . this worldwide management structure creates new leadership roles and reporting segments to globally leverage the company 's leadership in specific technology markets . as a part of this new structure , scansource has created two technology segments , each with its own president . the two segments are worldwide barcode & security , which includes scansource pos and barcode and scansource security business units , and worldwide communications & services , which encompasses scansource catalyst , scansource communications and scansource services group business units . the reporting segments of worldwide barcode & security and worldwide communications & services replaced the geographic segments of north america and international and gave the company the ability to leverage its size and experience to deliver more value to our vendor and reseller partners in its existing markets . we restructured our european communications sales unit in the third quarter of fiscal year 2013 in order to support a strategy for profitable growth . the new organizational structure provided focused business unit leadership , as well as dedicated merchandising , sales and technical support teams , at the appropriate scale . in addition , the company moved certain european support functions to centralized global teams in the united states to gain efficiencies . the annualized cost savings in connection with the restructuring , principally associated with the elimination of positions , was estimated at approximately $ 3.1 million . the company incurred approximately $ 1.2 million in associated costs , including related severance expenses . these restructuring costs , which were accrued in the third quarter of fiscal year 2013 , are included in selling , general and administration costs in the accompanying consolidated income statements . for further discussion on our restructuring , refer to note 14 -restructuring costs . in the fourth quarter of fiscal year 2013 , the company decided not to proceed with the development of the enterprise resource planning ( `` erp `` ) project using the microsoft dynamics ax software and we wrote off substantially all of the total capitalized expenses related to the original project . the non-cash charge recorded of $ 28.2 million before the effect of income taxes ( $ 18.0 million net of the tax impact ) , included software development costs , hardware , software interfaces and other related costs . the remaining $ 0.6 million of the total $ 28.8 million capitalized balance was placed into service in july 2013. the software that was placed into service is not the erp system itself , but an auxiliary database system designed to assist in the management of the product offerings . prior to the write off , the capitalized software was included in property and equipment at cost on the consolidated balance sheets . in january 2013 , through the company 's wholly-owned subsidiary partner services , inc. ( `` psi `` ) , the company filed a lawsuit in the u.s. district court in atlanta , georgia against our former erp software systems integration partner , avanade , inc. ( `` avanade `` ) . in june 2014 , the parties reached a settlement agreement where both parties agreed to mutually dismiss all claims and counterclaims against the other in exchange for avanade 's payment to the company of $ 15.0 million . the company also reversed $ 2.0 million in accrued liabilities for unpaid invoices received from avanade and paid a contingency fee of $ 1.5 million to the law firm who represented the company in the lawsuit . the settlement , net of attorney fees and reversal of accrued liabilities is included in the impairment charges ( legal recovery ) line item on the consolidated income statements . in december 2013 , the company retained systems applications products ( `` sap `` ) for software platform and implementation consulting services for a new enterprise resource planning ( `` erp `` ) system . story_separator_special_tag worldwide communications & services the communications/services distribution segment consists of sales to technology resellers in our scansource communications business units in north america and europe , scansource catalyst in north america , and scansource services group . during fiscal year 2013 , net sales for this segment declined compared to the prior fiscal year , with little change attributable to foreign currency exchange translation . the decrease was largely attributable to the loss of juniper networks sales , which decreased approximately $ 109 million year-over-year . our distribution agreement with juniper networks ended in september 2012 . 30 index to financial statements scansource communications in north america had strong year-over-year growth . sales for scansource catalyst and scansource communications in europe declined primarily from the loss of juniper sales as mentioned above . gross profit the following table summarizes the company 's gross profit for the fiscal years ended june 30 : replace_table_token_18_th worldwide barcode & security gross profit for the barcode/security distribution segment decreased for the fiscal year ended june 30 , 2013. this reduction is the result of lower sales volumes . the gross profit expressed as a percentage of net sales was unchanged for the fiscal year 2013 compared to fiscal year 2012. worldwide communications & services gross profit for the communications/services distribution segment decreased for the fiscal year ended june 30 , 2013. this is the result of lower sales volume , primarily related to the loss of juniper networks revenues as described earlier . the gross profit expressed as a percentage of net sales increased for fiscal year 2013 compared to fiscal year 2012 driven by improved product sales mix and vendor incentives . operating expenses the following table summarizes the company 's operating expenses for the periods ended june 30 : replace_table_token_19_th selling , general and administrative expense increased for the fiscal year ending june 30 , 2013 as a result of an increase in our provision for doubtful accounts for the year ended june 30 , 2013. this increase was a result of increased expenses for the barcode/security segment in all geographies offset by recoveries and reserve reductions in north america . included in the barcode/security expense is the increased country specific reserves for venezuela that occurred during the current fiscal year . fiscal year 2013 selling , general and administrative expense also includes $ 2.1 million in costs associated with belgian tax compliance and personnel replacement costs , including professional fees and $ 1.2 million for restructuring costs associated with our communications business unit in europe . in the fourth quarter of fiscal 2013 , we recorded impairment charges from our erp project , and goodwill in our scansource communications europe and scansource brasil sales units as mentioned above . discussion on these impairments can be found 31 index to financial statements in the overview section of the md & a as well as note 3 - property & equipment and note 5 - goodwill and other identifiable intangible assets in the notes to the consolidated financial statements . we have elected to present changes in fair value of the contingent consideration owed to former shareholders of cdc separately from other selling , general and administrative expenses . in the current year , we have recorded a loss , driven by recurring amortization of the unrecognized fair value discount partially offset by income from changes to forecasted and actual results . operating income the following table summarizes the company 's operating income for the fiscal years ended june 30 : replace_table_token_20_th * nm - percentages are not meaningful worldwide barcode & security for the barcode/security distribution segment , operating income dollars and percentage decreased for the fiscal year ended june 30 , 2013. the change is largely the result of higher selling , general and administrative expenses which include a $ 15.1 million impairment expense related to scansource brasil , as mentioned in the overview above , as well as an increase in the provision for doubtful accounts . worldwide communications & services for the communications/services distribution segment , operating income in dollars and as a percentage of sales decreased . the change is attributable to lower gross margin dollars resulting from lower sales in fiscal year 2013 , the effect of the scansource communications europe restructuring costs , lower provision for doubtful accounts and $ 5.4 million of goodwill impairment charges . corporate corporate incurred a $ 28.2 million loss relating to the erp impairment charge discussed previously . total other ( income ) expense the following table summarizes the company 's total other ( income ) expense for the fiscal years ended june 30 : 32 index to financial statements replace_table_token_21_th interest expense reflects interest incurred on borrowings on the company 's revolving credit facility and long-term debt , including commitment fees on non-utilized borrowing availability . the decrease in interest expense is the result of lower average debt balances in the current year versus the prior year . the company generates interest income on longer-term interest-bearing accounts receivable , cash invested in brazil to fund a portion of future earnout payments and to supplement local working capital needs , and , to a lesser extent , interest earned on cash and cash equivalent balances in locations other than brazil . the reduction in interest income year over year is the result of lower cash balances in brazil in fiscal 2013 as compared to fiscal 2012. net foreign exchange gains and losses consist of foreign currency transactional and functional currency re-measurements , offset by net foreign currency exchange contract gains and losses . foreign exchange gains and losses are generated as the result of fluctuations in the value of the british pound versus the euro , the u.s. dollar versus the euro , the u.s. dollar versus the brazilian real and other currencies versus u.s. dollar . in september 2011 , we incurred a $ 2.5 million non-recurring loss in conjunction with an unfavorable forward exchange contract to purchase brazilian

cash and cash equivalents totaled $ 194.9 million at june 30 , 2014 , compared to $ 148.2 million at june 30 , 2013 , of which $ 39.7 million and $ 23.8 million was held outside of the united states as of june 30 , 2014 and 2013 , respectively . checks released but not yet cleared from these accounts in the amounts of $ 84.1 million and $ 65.9 million are classified as accounts payable as of june 30 , 2014 and june 30 , 2013 , respectively . we conduct business in many locations throughout the world where we generate and use cash . the company provides for u.s. income taxes for the earnings of its canadian subsidiary . earnings from all other geographies will continue to be considered retained indefinitely for reinvestment . if these funds were needed in the operations of the united states , we would be required to record and pay significant income taxes upon repatriation of these funds . see note 11 - income taxes in the notes to the consolidated financial statements for further discussion . our net investment in working capital increased $ 101.5 million to $ 715.9 million at june 30 , 2014 from $ 614.4 million at june 30 , 2013 , principally from higher cash , accounts receivable and inventory balances , partially offset by higher accounts payable .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash and cash equivalents totaled $ 194.9 million at june 30 , 2014 , compared to $ 148.2 million at june 30 , 2013 , of which $ 39.7 million and $ 23.8 million was held outside of the united states as of june 30 , 2014 and 2013 , respectively . checks released but not yet cleared from these accounts in the amounts of $ 84.1 million and $ 65.9 million are classified as accounts payable as of june 30 , 2014 and june 30 , 2013 , respectively . we conduct business in many locations throughout the world where we generate and use cash . the company provides for u.s. income taxes for the earnings of its canadian subsidiary . earnings from all other geographies will continue to be considered retained indefinitely for reinvestment . if these funds were needed in the operations of the united states , we would be required to record and pay significant income taxes upon repatriation of these funds . see note 11 - income taxes in the notes to the consolidated financial statements for further discussion . our net investment in working capital increased $ 101.5 million to $ 715.9 million at june 30 , 2014 from $ 614.4 million at june 30 , 2013 , principally from higher cash , accounts receivable and inventory balances , partially offset by higher accounts payable .
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 Suspicious Activity Report : scansource , inc. and its subsidiaries ( the `` company `` ) provide value-added distribution services for approximately 290 technology manufacturers and sells to approximately 28,000 resellers in the following specialty technology markets : pos and barcode , security and communications . the company operates in the united states , canada , latin america , and europe and uses centralized distribution centers for major geographic regions . the company distributes to the united states and canada from its southaven , mississippi distribution center ; to latin america principally from distribution centers located in florida , mexico and brazil ; and to europe from its distribution center in belgium . the company distributes products for many of its key vendors in all of its geographic markets ; however certain vendors only allow distribution to specific geographies . the company 's key vendors in barcode technologies include bematech , cisco , datalogic , datamax-o'neil , elo , epson , honeywell , intermec by honeywell , motorola , ncr , toshiba global commerce solutions and zebra technologies . the company 's key vendors for security technologies include arecont , axis , bosch , cisco , datacard , exacq technologies , fargo , hid , march networks , panasonic , ruckus wireless , samsung , sony and zebra card . the company 's key vendors in communications technologies include aruba , avaya , audiocodes , cisco , dialogic , extreme networks , meru networks , plantronics , polycom , shoretel and sonus . 22 index to financial statements during fiscal year 2014 , the barcode & security distribution segment added 3d printing solutions to their product offerings that are targeted at the manufacturing , healthcare , aerospace , and automotive markets . in april 2014 , it was announced that zebra technologies intends to purchase motorola solutions ' enterprise business . zebra technologies and motorola solutions represent key vendors in our barcode technologies business . in the fourth quarter of fiscal 2013 , we announced a new management structure to enhance our worldwide technology markets focus and growth strategy . this worldwide management structure creates new leadership roles and reporting segments to globally leverage the company 's leadership in specific technology markets . as a part of this new structure , scansource has created two technology segments , each with its own president . the two segments are worldwide barcode & security , which includes scansource pos and barcode and scansource security business units , and worldwide communications & services , which encompasses scansource catalyst , scansource communications and scansource services group business units . the reporting segments of worldwide barcode & security and worldwide communications & services replaced the geographic segments of north america and international and gave the company the ability to leverage its size and experience to deliver more value to our vendor and reseller partners in its existing markets . we restructured our european communications sales unit in the third quarter of fiscal year 2013 in order to support a strategy for profitable growth . the new organizational structure provided focused business unit leadership , as well as dedicated merchandising , sales and technical support teams , at the appropriate scale . in addition , the company moved certain european support functions to centralized global teams in the united states to gain efficiencies . the annualized cost savings in connection with the restructuring , principally associated with the elimination of positions , was estimated at approximately $ 3.1 million . the company incurred approximately $ 1.2 million in associated costs , including related severance expenses . these restructuring costs , which were accrued in the third quarter of fiscal year 2013 , are included in selling , general and administration costs in the accompanying consolidated income statements . for further discussion on our restructuring , refer to note 14 -restructuring costs . in the fourth quarter of fiscal year 2013 , the company decided not to proceed with the development of the enterprise resource planning ( `` erp `` ) project using the microsoft dynamics ax software and we wrote off substantially all of the total capitalized expenses related to the original project . the non-cash charge recorded of $ 28.2 million before the effect of income taxes ( $ 18.0 million net of the tax impact ) , included software development costs , hardware , software interfaces and other related costs . the remaining $ 0.6 million of the total $ 28.8 million capitalized balance was placed into service in july 2013. the software that was placed into service is not the erp system itself , but an auxiliary database system designed to assist in the management of the product offerings . prior to the write off , the capitalized software was included in property and equipment at cost on the consolidated balance sheets . in january 2013 , through the company 's wholly-owned subsidiary partner services , inc. ( `` psi `` ) , the company filed a lawsuit in the u.s. district court in atlanta , georgia against our former erp software systems integration partner , avanade , inc. ( `` avanade `` ) . in june 2014 , the parties reached a settlement agreement where both parties agreed to mutually dismiss all claims and counterclaims against the other in exchange for avanade 's payment to the company of $ 15.0 million . the company also reversed $ 2.0 million in accrued liabilities for unpaid invoices received from avanade and paid a contingency fee of $ 1.5 million to the law firm who represented the company in the lawsuit . the settlement , net of attorney fees and reversal of accrued liabilities is included in the impairment charges ( legal recovery ) line item on the consolidated income statements . in december 2013 , the company retained systems applications products ( `` sap `` ) for software platform and implementation consulting services for a new enterprise resource planning ( `` erp `` ) system . story_separator_special_tag worldwide communications & services the communications/services distribution segment consists of sales to technology resellers in our scansource communications business units in north america and europe , scansource catalyst in north america , and scansource services group . during fiscal year 2013 , net sales for this segment declined compared to the prior fiscal year , with little change attributable to foreign currency exchange translation . the decrease was largely attributable to the loss of juniper networks sales , which decreased approximately $ 109 million year-over-year . our distribution agreement with juniper networks ended in september 2012 . 30 index to financial statements scansource communications in north america had strong year-over-year growth . sales for scansource catalyst and scansource communications in europe declined primarily from the loss of juniper sales as mentioned above . gross profit the following table summarizes the company 's gross profit for the fiscal years ended june 30 : replace_table_token_18_th worldwide barcode & security gross profit for the barcode/security distribution segment decreased for the fiscal year ended june 30 , 2013. this reduction is the result of lower sales volumes . the gross profit expressed as a percentage of net sales was unchanged for the fiscal year 2013 compared to fiscal year 2012. worldwide communications & services gross profit for the communications/services distribution segment decreased for the fiscal year ended june 30 , 2013. this is the result of lower sales volume , primarily related to the loss of juniper networks revenues as described earlier . the gross profit expressed as a percentage of net sales increased for fiscal year 2013 compared to fiscal year 2012 driven by improved product sales mix and vendor incentives . operating expenses the following table summarizes the company 's operating expenses for the periods ended june 30 : replace_table_token_19_th selling , general and administrative expense increased for the fiscal year ending june 30 , 2013 as a result of an increase in our provision for doubtful accounts for the year ended june 30 , 2013. this increase was a result of increased expenses for the barcode/security segment in all geographies offset by recoveries and reserve reductions in north america . included in the barcode/security expense is the increased country specific reserves for venezuela that occurred during the current fiscal year . fiscal year 2013 selling , general and administrative expense also includes $ 2.1 million in costs associated with belgian tax compliance and personnel replacement costs , including professional fees and $ 1.2 million for restructuring costs associated with our communications business unit in europe . in the fourth quarter of fiscal 2013 , we recorded impairment charges from our erp project , and goodwill in our scansource communications europe and scansource brasil sales units as mentioned above . discussion on these impairments can be found 31 index to financial statements in the overview section of the md & a as well as note 3 - property & equipment and note 5 - goodwill and other identifiable intangible assets in the notes to the consolidated financial statements . we have elected to present changes in fair value of the contingent consideration owed to former shareholders of cdc separately from other selling , general and administrative expenses . in the current year , we have recorded a loss , driven by recurring amortization of the unrecognized fair value discount partially offset by income from changes to forecasted and actual results . operating income the following table summarizes the company 's operating income for the fiscal years ended june 30 : replace_table_token_20_th * nm - percentages are not meaningful worldwide barcode & security for the barcode/security distribution segment , operating income dollars and percentage decreased for the fiscal year ended june 30 , 2013. the change is largely the result of higher selling , general and administrative expenses which include a $ 15.1 million impairment expense related to scansource brasil , as mentioned in the overview above , as well as an increase in the provision for doubtful accounts . worldwide communications & services for the communications/services distribution segment , operating income in dollars and as a percentage of sales decreased . the change is attributable to lower gross margin dollars resulting from lower sales in fiscal year 2013 , the effect of the scansource communications europe restructuring costs , lower provision for doubtful accounts and $ 5.4 million of goodwill impairment charges . corporate corporate incurred a $ 28.2 million loss relating to the erp impairment charge discussed previously . total other ( income ) expense the following table summarizes the company 's total other ( income ) expense for the fiscal years ended june 30 : 32 index to financial statements replace_table_token_21_th interest expense reflects interest incurred on borrowings on the company 's revolving credit facility and long-term debt , including commitment fees on non-utilized borrowing availability . the decrease in interest expense is the result of lower average debt balances in the current year versus the prior year . the company generates interest income on longer-term interest-bearing accounts receivable , cash invested in brazil to fund a portion of future earnout payments and to supplement local working capital needs , and , to a lesser extent , interest earned on cash and cash equivalent balances in locations other than brazil . the reduction in interest income year over year is the result of lower cash balances in brazil in fiscal 2013 as compared to fiscal 2012. net foreign exchange gains and losses consist of foreign currency transactional and functional currency re-measurements , offset by net foreign currency exchange contract gains and losses . foreign exchange gains and losses are generated as the result of fluctuations in the value of the british pound versus the euro , the u.s. dollar versus the euro , the u.s. dollar versus the brazilian real and other currencies versus u.s. dollar . in september 2011 , we incurred a $ 2.5 million non-recurring loss in conjunction with an unfavorable forward exchange contract to purchase brazilian

