cost reduction efforts remain an important part of our normal ongoing operations and are expected to generate savings without compromising overall product quality and service levels . business environment the semiconductor business environment is highly volatile , driven by internal dynamics , both cyclical and seasonal , in addition to macroeconomic forces . over the long term , semiconductor consumption has historically grown , and is forecast to continue to grow . this growth is driven , in part , by regular advances in device performance and by price declines that result from improvements in manufacturing technology . in order to exploit these trends , semiconductor manufacturers , both integrated device manufacturers ( “ idms ” ) and osats , periodically invest aggressively in latest generation capital equipment . this buying pattern often leads to periods of excess supply and reduced capital spending - the so called semiconductor cycle . within this broad semiconductor cycle there are also , generally weaker , seasonal effects that are specifically tied to annual , end-consumer purchasing patterns . typically , semiconductor manufacturers prepare for heightened demand by adding or replacing equipment capacity by the end of the september quarter . occasionally , this results in subsequent reductions in the december quarter . this annual seasonality can occasionally be 24 overshadowed by effects of the broader semiconductor cycle . macroeconomic factors also affect the industry , primarily through their effect on business and consumer demand for electronic devices , as well as other products that have significant electronic content such as automobiles , white goods , and telecommunication equipment . our equipment segment is primarily affected by the industry 's internal cyclical and seasonal dynamics in addition to broader macroeconomic factors that positively and negatively affect our financial performance . the sales mix of idm and osat customers in any period also impacts financial performance , as changes in this mix can affect our products ' average selling prices and gross margins due to differences in volume purchases and machine configurations required by each customer type . our expendable tools segment is less volatile than our equipment segment . expendable tools sales are more directly tied to semiconductor unit consumption rather than capacity requirements and production capability improvements . we continue to position our business to leverage our research and development leadership and innovation and to focus our efforts on mitigating volatility , improving profitability and ensuring longer-term growth . we remain focused on operational excellence , expanding our product offerings and managing our business efficiently throughout the business cycles . our visibility into future demand is generally limited , forecasting is difficult , and we generally experience typical industry seasonality . to limit potential adverse cyclical , seasonal and macroeconomic effects on our financial position , we have de-leveraged and strengthened our balance sheet . as of september 27 , 2014 , our total cash , cash equivalents and investments were $ 597.1 million , a $ 72.1 million increase from the prior fiscal year end . we believe this strong cash position will allow us to continue to invest in product development and pursue organic and non-organic opportunities . on august 14 , 2014 , the company 's board of directors authorized a program ( the `` program `` ) to repurchase up to $ 100 million of the company 's common stock on or before august 14 , 2017 . the company has entered into a written trading plan under rule 10b5-1 of the exchange act , to facilitate repurchases under the program . the program may be suspended or discontinued at any time and will be funded using the company 's available cash . under the program , shares may be repurchased through open market and or privately negotiated transactions at prices deemed appropriate by management . the timing and amount of repurchase transactions under the program will depend on market conditions as well as corporate and regulatory considerations . during the year ended september 27 , 2014 , the company repurchased a total of 43.5 thousand shares of common stock at a cost of $ 0.6 million under the program . as of september 27 , 2014 , our remaining stock repurchase authorization under the program was approximately $ 99.4 million . technology leadership we compete largely by offering our customers among the most advanced equipment and expendable tools available for the wire and wedge bonding processes . our equipment is typically the most productive and has the highest levels of process capability , and as a result , has a lower cost of ownership compared to other equipment in its market . our expendable tools are designed to optimize the performance of the equipment in which they are used . we believe our technology leadership contributes to the strong market positions of our ball bonder , wedge bonder and expendable tools products . to maintain our competitive advantage , we invest in product development activities designed to produce a stream of improvements to existing products and to deliver next-generation products . these investments often focus as much on improvements in the semiconductor assembly process as on specific pieces of assembly equipment or expendable tools . in order to generate these improvements , we often work in close collaboration with customers , end users , and other industry members . in addition to producing technical advances , these collaborative development efforts strengthen customer relationships and enhance our reputation as a technology leader and solutions provider . in addition to gold , silver alloy wire and aluminum wire , our leadership in the industry 's use of copper wire for the bonding process is an example of the benefits of our collaborative efforts . by working with customers , material suppliers , and other equipment suppliers , we have developed a series of robust , high-yielding production processes , which have made copper wire widely accepted and significantly reduced the cost of assembling an integrated circuit . story_separator_special_tag we establish reserves for estimated warranty expense when revenue for the related equipment is recognized . the reserve for estimated warranty expense is based upon historical experience and management 's estimate of future expenses . conditions of acceptance : sales of our consumable products generally do not have customer acceptance terms . in certain cases , sales of our equipment have customer acceptance clauses which may require the equipment to perform in accordance with customer specifications or when installed at the customer 's facility . in such cases , if the terms of acceptance are satisfied at our facility prior to shipment , the revenue for the equipment will be recognized upon shipment . if the terms of acceptance are satisfied at our customers ' facilities , the revenue for the equipment will not be recognized until acceptance , which typically consists of installation and testing , is received from the customer . shipping and handling costs billed to customers are recognized in net revenue . shipping and handling costs paid by us are included in cost of sales . allowance for doubtful accounts we maintain allowances for doubtful accounts for estimated losses resulting from our customers ' failure to make required payments . if the financial condition of our customers were to deteriorate , resulting in an impairment of their ability to make payments , additional allowances may be required . we are subject to concentrations of customers and sales to concentrated geographic locations , which could also impact the collectability of certain receivables . if global economic conditions deteriorate or political conditions were to change in some of the countries where we do business , it could have a significant impact on our results of operations , and our ability to realize the full value of our accounts receivable . inventories inventories are stated at the lower of cost ( on a first-in first-out basis ) or market value . we generally provide reserves for obsolete inventory and for inventory considered to be in excess of demand . demand is generally defined as 18 months forecasted future consumption for equipment , 24 months forecasted future consumption for all spare parts , and 12 months forecasted future consumption for expendable tools . forecasted consumption is based upon internal projections , historical sales volumes , customer order activity and a review of consumable inventory levels at customers ' facilities . we communicate forecasts of our future consumption to our suppliers and adjust commitments to those suppliers accordingly . if required , we reserve the difference between the carrying value of our inventory and the lower of cost or market value , based upon assumptions about future consumption , and market conditions . if actual market conditions are less favorable than projections , additional inventory reserves may be required . accounting for impairment of goodwill the company operates two reportable segments : equipment and expendable tools . goodwill was recorded in 2009 for the acquisition of orthodyne electronics inc. , which added wedge bonder products to the equipment business . accounting standard update 2011-08 , testing goodwill for impairment provides companies with the option to assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value . if , after assessing the qualitative factors , a company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying value , then performing the two-step impairment test is unnecessary . however , if a company concludes otherwise , then it is required to perform the first step of the two-step goodwill impairment test . if the carrying value of a reporting 31 unit exceeds its fair value in the first step of the test , then a company is required to perform the second step of the goodwill impairment test to measure the amount of the reporting unit 's goodwill impairment loss , if any . in fiscal 2013 and 2014 , we chose to bypass the qualitative assessment and proceed directly to performing the quantitative evaluation of the fair value of the reporting unit , to compare against the carrying value of the reporting unit . as part of our annual evaluation of the goodwill , we perform an impairment test of our goodwill in the fourth quarter of each fiscal year to coincide with the completion of our annual forecasting process and refreshing of our business outlook processes . on an ongoing basis , we monitor whether a `` triggering `` event has occurred that may have the effect of reducing the fair value of a reporting unit below its respective carrying value . adverse changes in expected operating results and or unfavorable changes in other economic factors used to estimate fair values could result in a non-cash impairment charge in the future . impairment assessments inherently involve judgment as to assumptions about expected future cash flows and the impact of market conditions on those assumptions . future events and changing market conditions may impact our assumptions as to prices , costs , growth rates or other factors that may result in changes in our estimates of future cash flows . although we believe the assumptions we have used in testing for impairment are reasonable , significant changes in any one of our assumptions could produce a significantly different result . indicators of potential impairment may lead us to perform interim goodwill impairment assessments , including significant and unforeseen customer losses , a significant adverse change in legal factors or in the business climate , a significant adverse action or assessment by a regulator , a significant stock price decline , unforeseen changes in technology or unanticipated competition . for further information on goodwill and other intangible assets , see note 3 to our consolidated financial statements included in item 8. income taxes in accordance with asc no . 740 , income taxes ,

cash and cash equivalents $ 587,981 $ 521,788 $ 66,193 percentage of total assets 62.3 % 60.5 % the following table reflects summary consolidated statement of cash flow information for fiscal 2014 and 2013 : replace_table_token_24_th fiscal 2014 continuing operations net cash provided by operating activities was primarily the result of net income of $ 63.0 million , non-cash adjustments of $ 33.6 million and offset by the working capital changes of $ 14.1 million . the change in working capital was primarily driven by an increase in inventories of $ 14.6 million and an increase in accounts receivable of $ 9.3 million . this was partially offset by a decrease in prepaid expenses and other current assets of $ 8.9 million and a decrease in accounts payable of $ 1.0 million . the increase in inventories was due to higher inventories held at year-end in anticipation of a scheduled scale down of manufacturing activity in the first quarter of fiscal 2015. the higher accounts receivable were due to higher sales in the fourth quarter of fiscal 2014. the reduction in prepaid expenses and other current assets was due to net refunds of a $ 2.7 million deposit in relation to the agreement to develop and lease ( the “ adl ” ) following the execution of the lease agreement , and a reduction of $ 6.3 million due to tax refunds . net cash used in investing activities was primarily the purchase of short-term investments of $ 18.2 million and capital expenditures of $ 10.1 million offset by the maturity of short-term investments of $ 12.4 million . net cash used in financing activities was primarily the reversal of excess tax benefits from stock-based compensation arrangements of $ 0.8 million and the repurchase of common stock of $ 0.4 million offset by proceeds from the exercise of stock options of $ 1.0 million . fiscal 2013 continuing operations net cash provided by operating activities was due primarily to net income of $ 59.4 million plus non-cash adjustments of $ 35.5 million contributed to net cash provided by continuing operations . net cash used by investing activities was primarily capital expenditures of $ 17.2


 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 $ 587,981 $ 521,788 $ 66,193 percentage of total assets 62.3 % 60.5 % the following table reflects summary consolidated statement of cash flow information for fiscal 2014 and 2013 : replace_table_token_24_th fiscal 2014 continuing operations net cash provided by operating activities was primarily the result of net income of $ 63.0 million , non-cash adjustments of $ 33.6 million and offset by the working capital changes of $ 14.1 million . the change in working capital was primarily driven by an increase in inventories of $ 14.6 million and an increase in accounts receivable of $ 9.3 million . this was partially offset by a decrease in prepaid expenses and other current assets of $ 8.9 million and a decrease in accounts payable of $ 1.0 million . the increase in inventories was due to higher inventories held at year-end in anticipation of a scheduled scale down of manufacturing activity in the first quarter of fiscal 2015. the higher accounts receivable were due to higher sales in the fourth quarter of fiscal 2014. the reduction in prepaid expenses and other current assets was due to net refunds of a $ 2.7 million deposit in relation to the agreement to develop and lease ( the “ adl ” ) following the execution of the lease agreement , and a reduction of $ 6.3 million due to tax refunds . net cash used in investing activities was primarily the purchase of short-term investments of $ 18.2 million and capital expenditures of $ 10.1 million offset by the maturity of short-term investments of $ 12.4 million . net cash used in financing activities was primarily the reversal of excess tax benefits from stock-based compensation arrangements of $ 0.8 million and the repurchase of common stock of $ 0.4 million offset by proceeds from the exercise of stock options of $ 1.0 million . fiscal 2013 continuing operations net cash provided by operating activities was due primarily to net income of $ 59.4 million plus non-cash adjustments of $ 35.5 million contributed to net cash provided by continuing operations . net cash used by investing activities was primarily capital expenditures of $ 17.2
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 Suspicious Activity Report : cost reduction efforts remain an important part of our normal ongoing operations and are expected to generate savings without compromising overall product quality and service levels . business environment the semiconductor business environment is highly volatile , driven by internal dynamics , both cyclical and seasonal , in addition to macroeconomic forces . over the long term , semiconductor consumption has historically grown , and is forecast to continue to grow . this growth is driven , in part , by regular advances in device performance and by price declines that result from improvements in manufacturing technology . in order to exploit these trends , semiconductor manufacturers , both integrated device manufacturers ( “ idms ” ) and osats , periodically invest aggressively in latest generation capital equipment . this buying pattern often leads to periods of excess supply and reduced capital spending - the so called semiconductor cycle . within this broad semiconductor cycle there are also , generally weaker , seasonal effects that are specifically tied to annual , end-consumer purchasing patterns . typically , semiconductor manufacturers prepare for heightened demand by adding or replacing equipment capacity by the end of the september quarter . occasionally , this results in subsequent reductions in the december quarter . this annual seasonality can occasionally be 24 overshadowed by effects of the broader semiconductor cycle . macroeconomic factors also affect the industry , primarily through their effect on business and consumer demand for electronic devices , as well as other products that have significant electronic content such as automobiles , white goods , and telecommunication equipment . our equipment segment is primarily affected by the industry 's internal cyclical and seasonal dynamics in addition to broader macroeconomic factors that positively and negatively affect our financial performance . the sales mix of idm and osat customers in any period also impacts financial performance , as changes in this mix can affect our products ' average selling prices and gross margins due to differences in volume purchases and machine configurations required by each customer type . our expendable tools segment is less volatile than our equipment segment . expendable tools sales are more directly tied to semiconductor unit consumption rather than capacity requirements and production capability improvements . we continue to position our business to leverage our research and development leadership and innovation and to focus our efforts on mitigating volatility , improving profitability and ensuring longer-term growth . we remain focused on operational excellence , expanding our product offerings and managing our business efficiently throughout the business cycles . our visibility into future demand is generally limited , forecasting is difficult , and we generally experience typical industry seasonality . to limit potential adverse cyclical , seasonal and macroeconomic effects on our financial position , we have de-leveraged and strengthened our balance sheet . as of september 27 , 2014 , our total cash , cash equivalents and investments were $ 597.1 million , a $ 72.1 million increase from the prior fiscal year end . we believe this strong cash position will allow us to continue to invest in product development and pursue organic and non-organic opportunities . on august 14 , 2014 , the company 's board of directors authorized a program ( the `` program `` ) to repurchase up to $ 100 million of the company 's common stock on or before august 14 , 2017 . the company has entered into a written trading plan under rule 10b5-1 of the exchange act , to facilitate repurchases under the program . the program may be suspended or discontinued at any time and will be funded using the company 's available cash . under the program , shares may be repurchased through open market and or privately negotiated transactions at prices deemed appropriate by management . the timing and amount of repurchase transactions under the program will depend on market conditions as well as corporate and regulatory considerations . during the year ended september 27 , 2014 , the company repurchased a total of 43.5 thousand shares of common stock at a cost of $ 0.6 million under the program . as of september 27 , 2014 , our remaining stock repurchase authorization under the program was approximately $ 99.4 million . technology leadership we compete largely by offering our customers among the most advanced equipment and expendable tools available for the wire and wedge bonding processes . our equipment is typically the most productive and has the highest levels of process capability , and as a result , has a lower cost of ownership compared to other equipment in its market . our expendable tools are designed to optimize the performance of the equipment in which they are used . we believe our technology leadership contributes to the strong market positions of our ball bonder , wedge bonder and expendable tools products . to maintain our competitive advantage , we invest in product development activities designed to produce a stream of improvements to existing products and to deliver next-generation products . these investments often focus as much on improvements in the semiconductor assembly process as on specific pieces of assembly equipment or expendable tools . in order to generate these improvements , we often work in close collaboration with customers , end users , and other industry members . in addition to producing technical advances , these collaborative development efforts strengthen customer relationships and enhance our reputation as a technology leader and solutions provider . in addition to gold , silver alloy wire and aluminum wire , our leadership in the industry 's use of copper wire for the bonding process is an example of the benefits of our collaborative efforts . by working with customers , material suppliers , and other equipment suppliers , we have developed a series of robust , high-yielding production processes , which have made copper wire widely accepted and significantly reduced the cost of assembling an integrated circuit . story_separator_special_tag we establish reserves for estimated warranty expense when revenue for the related equipment is recognized . the reserve for estimated warranty expense is based upon historical experience and management 's estimate of future expenses . conditions of acceptance : sales of our consumable products generally do not have customer acceptance terms . in certain cases , sales of our equipment have customer acceptance clauses which may require the equipment to perform in accordance with customer specifications or when installed at the customer 's facility . in such cases , if the terms of acceptance are satisfied at our facility prior to shipment , the revenue for the equipment will be recognized upon shipment . if the terms of acceptance are satisfied at our customers ' facilities , the revenue for the equipment will not be recognized until acceptance , which typically consists of installation and testing , is received from the customer . shipping and handling costs billed to customers are recognized in net revenue . shipping and handling costs paid by us are included in cost of sales . allowance for doubtful accounts we maintain allowances for doubtful accounts for estimated losses resulting from our customers ' failure to make required payments . if the financial condition of our customers were to deteriorate , resulting in an impairment of their ability to make payments , additional allowances may be required . we are subject to concentrations of customers and sales to concentrated geographic locations , which could also impact the collectability of certain receivables . if global economic conditions deteriorate or political conditions were to change in some of the countries where we do business , it could have a significant impact on our results of operations , and our ability to realize the full value of our accounts receivable . inventories inventories are stated at the lower of cost ( on a first-in first-out basis ) or market value . we generally provide reserves for obsolete inventory and for inventory considered to be in excess of demand . demand is generally defined as 18 months forecasted future consumption for equipment , 24 months forecasted future consumption for all spare parts , and 12 months forecasted future consumption for expendable tools . forecasted consumption is based upon internal projections , historical sales volumes , customer order activity and a review of consumable inventory levels at customers ' facilities . we communicate forecasts of our future consumption to our suppliers and adjust commitments to those suppliers accordingly . if required , we reserve the difference between the carrying value of our inventory and the lower of cost or market value , based upon assumptions about future consumption , and market conditions . if actual market conditions are less favorable than projections , additional inventory reserves may be required . accounting for impairment of goodwill the company operates two reportable segments : equipment and expendable tools . goodwill was recorded in 2009 for the acquisition of orthodyne electronics inc. , which added wedge bonder products to the equipment business . accounting standard update 2011-08 , testing goodwill for impairment provides companies with the option to assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value . if , after assessing the qualitative factors , a company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying value , then performing the two-step impairment test is unnecessary . however , if a company concludes otherwise , then it is required to perform the first step of the two-step goodwill impairment test . if the carrying value of a reporting 31 unit exceeds its fair value in the first step of the test , then a company is required to perform the second step of the goodwill impairment test to measure the amount of the reporting unit 's goodwill impairment loss , if any . in fiscal 2013 and 2014 , we chose to bypass the qualitative assessment and proceed directly to performing the quantitative evaluation of the fair value of the reporting unit , to compare against the carrying value of the reporting unit . as part of our annual evaluation of the goodwill , we perform an impairment test of our goodwill in the fourth quarter of each fiscal year to coincide with the completion of our annual forecasting process and refreshing of our business outlook processes . on an ongoing basis , we monitor whether a `` triggering `` event has occurred that may have the effect of reducing the fair value of a reporting unit below its respective carrying value . adverse changes in expected operating results and or unfavorable changes in other economic factors used to estimate fair values could result in a non-cash impairment charge in the future . impairment assessments inherently involve judgment as to assumptions about expected future cash flows and the impact of market conditions on those assumptions . future events and changing market conditions may impact our assumptions as to prices , costs , growth rates or other factors that may result in changes in our estimates of future cash flows . although we believe the assumptions we have used in testing for impairment are reasonable , significant changes in any one of our assumptions could produce a significantly different result . indicators of potential impairment may lead us to perform interim goodwill impairment assessments , including significant and unforeseen customer losses , a significant adverse change in legal factors or in the business climate , a significant adverse action or assessment by a regulator , a significant stock price decline , unforeseen changes in technology or unanticipated competition . for further information on goodwill and other intangible assets , see note 3 to our consolidated financial statements included in item 8. income taxes in accordance with asc no . 740 , income taxes ,

