we believe further growth can be realized in all of our target markets . concurrent with this growth , we have worked to build our infrastructure to profitably absorb additional growth and have made a number of small acquisitions in an effort to leverage our fixed costs , grow our base of experienced personnel , expand our technical capabilities and increase our geographical reach . we have increased our capabilities and the size of our customer base through the development of applied technologies and managed support services , organic growth and the successful and seamless integration of acquired companies . these acquisitions have provided us with additional products , technologies , resources and customers that have enhanced our sustainable competitive advantages over our competition . the global economy continues to be fragile . global financial markets continue to experience disruptions , including severely diminished liquidity and credit availability , declines in consumer confidence , declines in economic growth , persistently high unemployment rates , volatility in interest and currency exchange rates and continued uncertainty about economic stability . there may be further deterioration and volatility in the global economy , the global financial markets , and consumer confidence . the downturn has negatively impacted our profitability and may negatively impact our future results if it continues . however , we believe it also has allowed us to selectively hire new talented individuals that otherwise might not have been available to us , to acquire and develop new technology in order to aggressively expand our proprietary portfolio of customized solutions , and to make acquisitions of complementary businesses at reasonable valuations . we believe we will be able to derive additional revenues from these strategic investments with favorable gross margins in future periods , which we believe would at least in part offset any further negative revenue impact we incur from the economic downturn during those periods . also , although certain of our customers have delayed or reduced the scope of turnaround projects and other large-scale inspection projects , they have historically seldom postponed such projects indefinitely , so we expect increased revenues if and when our customers request we complete these projects . 41 basis of presentation consolidated results of operations our three segments are : ● services . this segment provides asset protection solutions in north and central america with the largest concentration in the united states . ● products and systems . this segment designs , manufactures , sells , installs and services our asset protection products and systems , including equipment and instrumentation , predominantly in the united states . ● international . this segment offers services , products and systems similar to those of our other segments to global markets , principally in europe , the middle east , africa , asia and south america , but not to customers in china and south korea , which are served by our products and systems segment . general corporate services , including accounting , audit , legal , payroll , information technology , human resources and contract management , are provided to the segments and are reported as intersegment transactions within corporate and eliminations . sales to the international segment from the products and systems segment and subsequent sales by the international segment of the same items are recorded and reflected in the operating performance of both segments . additionally , engineering charges and royalty fees charged to the services and international segments by the products and systems segment are reflected in the operating performance of each segment . all such intersegment transactions are eliminated in corporate and eliminations . the accounting policies of the reportable segments are the same as those described in the summary of our significant accounting policies in note 2 to our audited consolidated financial statements included elsewhere in this annual report . segment income from operations is determined based on internal performance measures used by the chief executive officer , the chief operating decision maker , to assess the performance of each business in a given period and to make decisions as to resource allocations . in connection with that assessment , the chief executive officer may exclude items such as charges for stock-based compensation and certain other acquisition-related charges and balances , technology and product development costs , certain gains and losses from dispositions , and litigation settlements or other charges . certain general and administrative costs such as human resources , information technology and training are allocated to the segments . segment income from operations also excludes interest and other financial charges and income taxes . corporate and other assets are comprised principally of cash , deposits , property , plant and equipment , domestic deferred taxes , deferred charges and other assets . corporate loss from operations consists of depreciation on the corporate office facilities and equipment , administrative charges related to corporate personnel and other charges that can not be readily identified for allocation to a particular segment . statement of operations overview the following describes certain line items in our statement of operations and some of the factors that affect our operating results . revenues our revenues are generated by sales of our services , products and systems . the majority of our revenues are derived under time-and-materials contracts for specified asset protection services on a project-by-project basis . the duration of our projects vary depending on their scope . some of our projects last from a few weeks to a few months , but the more significant projects can last for more than a year and can require long-term deployment of substantial personnel , equipment and resources . the start date of our projects can be postponed or delayed and the duration of our projects can be shortened or increased due to a variety of factors beyond our control . story_separator_special_tag a significant portion of these increases ( as well as other increases in cost of revenues ) supported our development of additional centers of excellence . our professional fees also increased in fiscal 2010 , which related primarily to increased costs associated with operating as a publicly traded company , including our continued efforts to comply with the sarbanes-oxley act , as well as certain costs associated with our initial public offering in october 2009. depreciation and amortization included in the determination of income from operations for fiscal 2010 and fiscal 2009 was $ 4.7 million , or 2 % of revenues , and $ 3.9 million , or 2 % of revenues , respectively . interest expense . interest expense was $ 3.5 million and $ 4.6 million for fiscal 2010 and fiscal 2009 , respectively . the $ 1.1 million decrease in fiscal 2010 interest expense related directly to our repayment of approximately $ 66.4 million in borrowings in october 2009 , which was the primary use of the net proceeds we received from our initial public offering . in both years , we incurred additional expense related to the market rate adjustments to our interest rate swaps , as the fixed rate on these swaps was higher than market rates during both annual periods . the total interest expense adjustments for these swap arrangements for fiscal 2010 and fiscal 2009 was approximately $ ( 0.5 ) million and $ 0.2 million , respectively . 47 net income attributable to noncontrolling interests , net of taxes . the decrease in net income attributable to noncontrolling interests relates primarily to a decrease in net income from diapac , our subsidiary in russia offset by an increase in net income of our brazilian subsidiary , pasa . in fiscal 2009 , net income attributable to noncontrolling interests was primarily attributable $ 0.2 million in the minority interest is related to the increased profit , primarily from diapac , our subsidiary in russia . income taxes . our effective income tax rate was approximately 38 % for fiscal 2010 compared to approximately 45 % for fiscal 2008. the decrease was primarily due to the impact of permanent tax differences and an adjustment to our liabilities related to uncertain tax provisions offset by higher state taxes and u.s. federal taxes on our foreign profits . net income . our net income for fiscal 2010 of $ 10.4 million , or 4 % of our revenues , was approximately $ 4.9 million higher than our net income for fiscal 2009 , which was $ 5.5 million , or 3 % of revenues . this increase in net income was primarily the result of our revenue growth and lower interest expense , offset by higher selling , general and administrative expense and research and engineering expenses . in addition , in fiscal 2009 we incurred expense of $ 2.1 million related to the settlement of a lawsuit . fiscal 2009 compared to fiscal 2008 revenues . revenues increased $ 56.9 million , or 37 % , for fiscal 2009 compared to fiscal 2008 as a result of growth in all our segments . for fiscal 2009 and fiscal 2008 , we estimate that our organic , as compared to acquisition-driven , growth rate was approximately 16 % and 17 % , respectively . in fiscal 2009 , we estimate that all of our segments had organic growth , and that the services and international segments had double digit organic growth rates . this organic growth was the result of continued demand for our asset protection solutions , including growth from new and existing customers , and did not result from any unusually large one-time projects . in fiscal 2009 , we estimate that growth from acquisitions was approximately 23 % compared to 6 % in fiscal 2008 , primarily because we acquired five ndt companies in fiscal 2009 and 7 ndt companies in 2008 , increasing our capabilities and adding to our base of qualified technicians . in the second half of fiscal 2009 we believe the economic downturn resulted in greater than usual reductions or delays in capital spending by our customers . several anticipated regular maintenance projects as well as projects requiring intensive work during a temporary asset shutdown , or “ turnaround ” projects , were either reduced in scope or have been delayed until fiscal 2010 or later . despite the economic downturn , we experienced growth in many of our target markets in fiscal 2009 as compared to fiscal 2008. the largest dollar increase was attributable to customers in the oil and gas market , which accounted for approximately 58 % of our total revenues . this growth was achieved globally on several new and existing projects . overall this market provided 58 % and 50 % of our total revenues for fiscal 2009 and 2008 , respectively . the remainder of the growth in our revenues was broadly distributed among customers in our other target markets , with the largest increases in this period attributable to customers in the chemical market , where we obtained a new long-term service contract , and in the industrial and manufacturing sector where we obtained new customers through our acquisitions . the most significant decrease in fiscal 2009 was in the electronics and transportation industries , but these industries together accounted for less than 2 % of our total revenues in fiscal 2009. our top ten customers represented 36 % of our revenues for fiscal 2009 compared to 35 % in fiscal 2008. one of these top ten customers filed for bankruptcy in january 2009. our revenues from this customer were $ 6.4 million for fiscal 2009. although we have increased our allowance for doubtful accounts receivable attributable to this long-term customer by approximately $ 1.6 million as a result of this bankruptcy , we continue to work for this customer under the protection of the bankruptcy court . gross profit .

cash flows table the following table summarizes our cash flows for fiscal 2010 , 2009 and 2008 : replace_table_token_14_th cash flows from operating activities cash provided by our operating activities primarily consists of net income adjusted for certain non-cash items , such as depreciation and amortization , deferred taxes and bad debt expense along with the effect of changes in working capital and other activities . cash provided by our operating activities in fiscal 2010 was $ 19.0 million and consisted of $ 10.4 million of net income plus $ 18.3 million of non-cash items , consisting primarily of depreciation and amortization of $ 15.2 million and stock compensation of $ 2.7 million , less $ 9.8 million of net cash used for working capital purposes and other activities . cash used for working capital and other activities in fiscal 2010 primarily reflected a $ 15.2 million increase in accounts receivable attributable to our increase in revenues , a $ 0.8 million increase in inventories , prepaid expenses and other current assets . these were partially offset by a $ 3.7 million increase in income taxes payable related to our increase in taxable net income , and an increase of $ 1.8 million in accounts payable which was a result of the overall growth in our operations . cash provided by our operating activities in fiscal 2009 was $ 12.7 million and consisted of $ 5.5 million of net income plus $ 15.4 million of non-cash items , consisting primarily of depreciation and amortization of $ 12.6 million and provision for doubtful accounts of $ 2.1 million , less $ 8.2 million of net cash used for working capital purposes and other activities .


 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 flows table the following table summarizes our cash flows for fiscal 2010 , 2009 and 2008 : replace_table_token_14_th cash flows from operating activities cash provided by our operating activities primarily consists of net income adjusted for certain non-cash items , such as depreciation and amortization , deferred taxes and bad debt expense along with the effect of changes in working capital and other activities . cash provided by our operating activities in fiscal 2010 was $ 19.0 million and consisted of $ 10.4 million of net income plus $ 18.3 million of non-cash items , consisting primarily of depreciation and amortization of $ 15.2 million and stock compensation of $ 2.7 million , less $ 9.8 million of net cash used for working capital purposes and other activities . cash used for working capital and other activities in fiscal 2010 primarily reflected a $ 15.2 million increase in accounts receivable attributable to our increase in revenues , a $ 0.8 million increase in inventories , prepaid expenses and other current assets . these were partially offset by a $ 3.7 million increase in income taxes payable related to our increase in taxable net income , and an increase of $ 1.8 million in accounts payable which was a result of the overall growth in our operations . cash provided by our operating activities in fiscal 2009 was $ 12.7 million and consisted of $ 5.5 million of net income plus $ 15.4 million of non-cash items , consisting primarily of depreciation and amortization of $ 12.6 million and provision for doubtful accounts of $ 2.1 million , less $ 8.2 million of net cash used for working capital purposes and other activities .
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 Suspicious Activity Report : we believe further growth can be realized in all of our target markets . concurrent with this growth , we have worked to build our infrastructure to profitably absorb additional growth and have made a number of small acquisitions in an effort to leverage our fixed costs , grow our base of experienced personnel , expand our technical capabilities and increase our geographical reach . we have increased our capabilities and the size of our customer base through the development of applied technologies and managed support services , organic growth and the successful and seamless integration of acquired companies . these acquisitions have provided us with additional products , technologies , resources and customers that have enhanced our sustainable competitive advantages over our competition . the global economy continues to be fragile . global financial markets continue to experience disruptions , including severely diminished liquidity and credit availability , declines in consumer confidence , declines in economic growth , persistently high unemployment rates , volatility in interest and currency exchange rates and continued uncertainty about economic stability . there may be further deterioration and volatility in the global economy , the global financial markets , and consumer confidence . the downturn has negatively impacted our profitability and may negatively impact our future results if it continues . however , we believe it also has allowed us to selectively hire new talented individuals that otherwise might not have been available to us , to acquire and develop new technology in order to aggressively expand our proprietary portfolio of customized solutions , and to make acquisitions of complementary businesses at reasonable valuations . we believe we will be able to derive additional revenues from these strategic investments with favorable gross margins in future periods , which we believe would at least in part offset any further negative revenue impact we incur from the economic downturn during those periods . also , although certain of our customers have delayed or reduced the scope of turnaround projects and other large-scale inspection projects , they have historically seldom postponed such projects indefinitely , so we expect increased revenues if and when our customers request we complete these projects . 41 basis of presentation consolidated results of operations our three segments are : ● services . this segment provides asset protection solutions in north and central america with the largest concentration in the united states . ● products and systems . this segment designs , manufactures , sells , installs and services our asset protection products and systems , including equipment and instrumentation , predominantly in the united states . ● international . this segment offers services , products and systems similar to those of our other segments to global markets , principally in europe , the middle east , africa , asia and south america , but not to customers in china and south korea , which are served by our products and systems segment . general corporate services , including accounting , audit , legal , payroll , information technology , human resources and contract management , are provided to the segments and are reported as intersegment transactions within corporate and eliminations . sales to the international segment from the products and systems segment and subsequent sales by the international segment of the same items are recorded and reflected in the operating performance of both segments . additionally , engineering charges and royalty fees charged to the services and international segments by the products and systems segment are reflected in the operating performance of each segment . all such intersegment transactions are eliminated in corporate and eliminations . the accounting policies of the reportable segments are the same as those described in the summary of our significant accounting policies in note 2 to our audited consolidated financial statements included elsewhere in this annual report . segment income from operations is determined based on internal performance measures used by the chief executive officer , the chief operating decision maker , to assess the performance of each business in a given period and to make decisions as to resource allocations . in connection with that assessment , the chief executive officer may exclude items such as charges for stock-based compensation and certain other acquisition-related charges and balances , technology and product development costs , certain gains and losses from dispositions , and litigation settlements or other charges . certain general and administrative costs such as human resources , information technology and training are allocated to the segments . segment income from operations also excludes interest and other financial charges and income taxes . corporate and other assets are comprised principally of cash , deposits , property , plant and equipment , domestic deferred taxes , deferred charges and other assets . corporate loss from operations consists of depreciation on the corporate office facilities and equipment , administrative charges related to corporate personnel and other charges that can not be readily identified for allocation to a particular segment . statement of operations overview the following describes certain line items in our statement of operations and some of the factors that affect our operating results . revenues our revenues are generated by sales of our services , products and systems . the majority of our revenues are derived under time-and-materials contracts for specified asset protection services on a project-by-project basis . the duration of our projects vary depending on their scope . some of our projects last from a few weeks to a few months , but the more significant projects can last for more than a year and can require long-term deployment of substantial personnel , equipment and resources . the start date of our projects can be postponed or delayed and the duration of our projects can be shortened or increased due to a variety of factors beyond our control . story_separator_special_tag a significant portion of these increases ( as well as other increases in cost of revenues ) supported our development of additional centers of excellence . our professional fees also increased in fiscal 2010 , which related primarily to increased costs associated with operating as a publicly traded company , including our continued efforts to comply with the sarbanes-oxley act , as well as certain costs associated with our initial public offering in october 2009. depreciation and amortization included in the determination of income from operations for fiscal 2010 and fiscal 2009 was $ 4.7 million , or 2 % of revenues , and $ 3.9 million , or 2 % of revenues , respectively . interest expense . interest expense was $ 3.5 million and $ 4.6 million for fiscal 2010 and fiscal 2009 , respectively . the $ 1.1 million decrease in fiscal 2010 interest expense related directly to our repayment of approximately $ 66.4 million in borrowings in october 2009 , which was the primary use of the net proceeds we received from our initial public offering . in both years , we incurred additional expense related to the market rate adjustments to our interest rate swaps , as the fixed rate on these swaps was higher than market rates during both annual periods . the total interest expense adjustments for these swap arrangements for fiscal 2010 and fiscal 2009 was approximately $ ( 0.5 ) million and $ 0.2 million , respectively . 47 net income attributable to noncontrolling interests , net of taxes . the decrease in net income attributable to noncontrolling interests relates primarily to a decrease in net income from diapac , our subsidiary in russia offset by an increase in net income of our brazilian subsidiary , pasa . in fiscal 2009 , net income attributable to noncontrolling interests was primarily attributable $ 0.2 million in the minority interest is related to the increased profit , primarily from diapac , our subsidiary in russia . income taxes . our effective income tax rate was approximately 38 % for fiscal 2010 compared to approximately 45 % for fiscal 2008. the decrease was primarily due to the impact of permanent tax differences and an adjustment to our liabilities related to uncertain tax provisions offset by higher state taxes and u.s. federal taxes on our foreign profits . net income . our net income for fiscal 2010 of $ 10.4 million , or 4 % of our revenues , was approximately $ 4.9 million higher than our net income for fiscal 2009 , which was $ 5.5 million , or 3 % of revenues . this increase in net income was primarily the result of our revenue growth and lower interest expense , offset by higher selling , general and administrative expense and research and engineering expenses . in addition , in fiscal 2009 we incurred expense of $ 2.1 million related to the settlement of a lawsuit . fiscal 2009 compared to fiscal 2008 revenues . revenues increased $ 56.9 million , or 37 % , for fiscal 2009 compared to fiscal 2008 as a result of growth in all our segments . for fiscal 2009 and fiscal 2008 , we estimate that our organic , as compared to acquisition-driven , growth rate was approximately 16 % and 17 % , respectively . in fiscal 2009 , we estimate that all of our segments had organic growth , and that the services and international segments had double digit organic growth rates . this organic growth was the result of continued demand for our asset protection solutions , including growth from new and existing customers , and did not result from any unusually large one-time projects . in fiscal 2009 , we estimate that growth from acquisitions was approximately 23 % compared to 6 % in fiscal 2008 , primarily because we acquired five ndt companies in fiscal 2009 and 7 ndt companies in 2008 , increasing our capabilities and adding to our base of qualified technicians . in the second half of fiscal 2009 we believe the economic downturn resulted in greater than usual reductions or delays in capital spending by our customers . several anticipated regular maintenance projects as well as projects requiring intensive work during a temporary asset shutdown , or “ turnaround ” projects , were either reduced in scope or have been delayed until fiscal 2010 or later . despite the economic downturn , we experienced growth in many of our target markets in fiscal 2009 as compared to fiscal 2008. the largest dollar increase was attributable to customers in the oil and gas market , which accounted for approximately 58 % of our total revenues . this growth was achieved globally on several new and existing projects . overall this market provided 58 % and 50 % of our total revenues for fiscal 2009 and 2008 , respectively . the remainder of the growth in our revenues was broadly distributed among customers in our other target markets , with the largest increases in this period attributable to customers in the chemical market , where we obtained a new long-term service contract , and in the industrial and manufacturing sector where we obtained new customers through our acquisitions . the most significant decrease in fiscal 2009 was in the electronics and transportation industries , but these industries together accounted for less than 2 % of our total revenues in fiscal 2009. our top ten customers represented 36 % of our revenues for fiscal 2009 compared to 35 % in fiscal 2008. one of these top ten customers filed for bankruptcy in january 2009. our revenues from this customer were $ 6.4 million for fiscal 2009. although we have increased our allowance for doubtful accounts receivable attributable to this long-term customer by approximately $ 1.6 million as a result of this bankruptcy , we continue to work for this customer under the protection of the bankruptcy court . gross profit .

