our sales and technical support teams are localized in several growing markets . we operate a 200mm wafer fabrication facility located in hillsboro , oregon , or the oregon fab , which is critical for us to accelerate proprietary technology development , new product introduction and improve our financial performance in the long run . to meet the market demand for the more mature high volume products , we also utilize the wafer manufacturing capacity of selected third party foundries . for assembly and test , we primarily rely upon our in-house facilities in china . in addition , we utilize subcontracting partners for industry standard packages . we believe our in-house packaging and testing capability provides us with a competitive advantage in proprietary packaging technology , product quality , cost and sales cycle time . factors affecting our performance our performance is affected by several key factors , including the following : the global , regional economic and pc market conditions : because our products primarily serve consumer electronic applications , a deterioration of the global and regional economic conditions could materially affect our revenue and results of operations . in particular , because a significant amount of our revenue is derived from sales of products in the personal computer , or pc markets , such as notebooks , motherboards and notebook battery packs , a significant decline or downturn in the pc markets can have a material adverse effect on our revenue and results of operations . any decline in the pc markets would 39 have a material negative impact on the demand for our products , revenue , factory utilization , gross margin , our ability to resell excess inventory , and other performance measures . we have been executing and are continuing to execute strategies to diversify our product portfolio and penetrate into other market segments , such as the consumer , communication and industrial market segments , which we believe would mitigate and eventually overcome the reduced demand resulting from the declining pc markets . as we develop and sell new products that serve more diversified markets , we expect that sales based on the pc markets , as a percentage of the total revenue , will continue to decline . our revenue from the pc markets accounted for approximately 45.2 % , 50.0 % and 54.4 % of our total revenue for the years ended june 30 , 2014 , 2013 and 2012 , respectively . however , if the rate of decline in the pc markets is faster than we expected , or if we can not successfully diversify or introduce new products to keep pace with the declining pc markets , we may not be able to alleviate its negative impact , which will adversely affect our results of operations . erosion of average selling price : erosion of average selling prices of established products is typical in our industry . consistent with this historical trend , we expect that average selling prices of our existing products will continue to decline in the future . however , as a normal course of business , we seek to offset the effect of declining average selling prices by introducing new and higher value products , expanding existing products for new applications and new customers , and reducing manufacturing cost of existing products . product introductions and customers ' product requirements : our success depends on our ability to introduce products on a timely basis that meet or are compatible with our customers ' specifications and performance requirements . both factors , timeliness of product introductions and conformance to customers ' requirements , are equally important in securing design wins with our customers . as we accelerate the development of new technology platforms , we expect to increase the pace at which we introduce new products and obtain design wins . our failure to introduce products on a timely basis that meet customers ' specifications and performance requirements , particularly those products with major oem customers , and our inability to continue to expand our serviceable markets , could adversely affect our financial performance , including loss of market shares with customers . distributor ordering patterns and seasonality : our distributors place purchase orders with us based on their forecasts of end customer demand , and this demand may vary significantly depending on the sales outlooks and market and economic conditions of end customers . because these forecasts may not be accurate , channel inventory held at our distributors may fluctuate significantly , which in turn may prompt distributors to make significant adjustments to their purchase orders placed with us . as a result , our revenue and operating results may fluctuate significantly from quarter to quarter . in addition , because our products are used in consumer electronics products , our revenue is subject to seasonality . our sales seasonality is affected by numerous factors , including global and regional economic conditions as well as the pc market conditions , revenue generated from new products , changes in distributor ordering patterns in response to channel inventory adjustments and end customer demand for our products and fluctuations in consumer purchase patterns prior to major holiday seasons . in recent periods , broad fluctuations in the semiconductor markets and the global and regional economic conditions , in particular the decline of the pc market conditions , have had a more significant impact on our results of operations than seasonality . manufacturing costs : our gross margin may be affected by our manufacturing costs , including utilization of our own manufacturing facilities , pricing of wafers from other foundries and semiconductor raw materials , which may fluctuate from time to time largely due to the market demand and supply . capacity utilization affects our gross margin because we have certain fixed costs associated with our in-house packaging and testing facilities and our oregon fab . story_separator_special_tag in our review , we reconsidered the key assumptions in our overall strategic business and manufacturing capacity plans in light of the continued declines in the pc market . as a result , we revised our pc related revenue and volume outlook as well as our manufacturing capacity requirements . these material changes in our outlook and plans , which we were able to determine in the third quarter of fiscal 2013 , triggered an impairment review of our long-lived assets . we determined that the related estimated undiscounted cash flows were not sufficient to recover the carrying value of certain manufacturing machinery and equipment primarily for the packaging of our pc-related products due to the accelerated decline of the pc markets . the average remaining useful life of those impaired assets was approximately two years . we estimated the fair values of those long-lived assets based on net realizable values of similar machinery and equipment recently transacted by third-party used-machine brokers and recorded an asset impairment charge of approximately $ 2.6 million to reduce the related carrying amount to its estimated fair value as of march 31 , 2013. during the fourth quarter of fiscal year 2014 , we evaluated our amortizable intangible assets for impairment and determined that the related estimated undiscounted cash flows exceeded the carrying value of the intangible assets and no impairment charge was recorded . during the same period , we also evaluated our goodwill for impairment and determined that the fair value of the reporting unit , estimated based on the market capitalization approach , was more than its carrying value and no impairment charge was recorded . interest income and expenses interest income was primarily related to interest earned from cash and cash equivalents . the increase in interest income for fiscal year 2014 as compared to fiscal year 2013 was primarily due to increase in average cash balances . the decrease in interest income for fiscal year 2013 as compared to fiscal year 2012 was primarily due to lower average interest rate . interest expense was primarily related to bank borrowings . the decrease in interest expenses for fiscal year 2014 was primarily due to a decrease in bank borrowings related to $ 20.0 million term loan obtained in may 2012 for our oregon fab as compared to fiscal year 2013 . the increase in interest expenses for fiscal year 2013 was primarily due to an increase in bank borrowings , including the $ 20.0 million term loan obtained in may 2012 for working capital of our oregon fab as compared to fiscal year 2012 . 45 income tax expense replace_table_token_9_th fiscal 2014 vs 2013 income tax expense for fiscal years 2014 and 2013 was $ 3.0 million and $ 4.0 million , respectively . income tax expense decreased by $ 1.0 million , or 25.7 % , in fiscal year 2014 as compared to fiscal year 2013 primarily due to a reduction in our uncertain tax positions offset partially by a change in the mix of earnings in various geographic jurisdictions . fiscal 2013 vs 2012 income tax expense for fiscal years 2013 and 2012 was $ 4.0 million and $ 3.6 million , respectively . income tax expense increased by $ 0.4 million , or 11.7 % , in fiscal year 2013 as compared to fiscal year 2012 primarily due to the changes in the mix of earnings in various geographic jurisdictions , which was partially offset by the tax benefits from the january 2013 reinstatement of the u.s. federal r & d credit retroactive to january 1 , 2012. liquidity and capital resources our principal need for liquidity and capital resources is to maintain sufficient working capital to support our operations and to invest adequate capital expenditures to fuel the growth of our business . currently , we primarily financed our operations and capital expenditures through funds generated from operations . on may 11 , 2012 , we entered into a loan agreement with a financial institution that provides a term loan of $ 20.0 million for general purposes and a $ 10.0 million non-revolving credit line for the purchase of equipment . both the term loan and equipment credit line will be fully repayable in may 2015. the borrowings may be made in the form of either eurodollar loans or base rate loans . eurodollar loans accrue interest based on an adjusted london interbank offer rate ( `` libor `` ) as defined in the agreement , plus a margin of 1.00 % to 1.75 % . base rate loans accrue interest at the highest of ( a ) the lender 's prime rate , ( b ) the federal funds rate plus 0.5 % and ( c ) the eurodollar rate ( for a one-month interest period ) plus 1 % ; plus a margin of -0.5 % to 0.25 % . the applicable margins for both eurodollar loans and base rate loans will vary from time to time in the foregoing ranges based on the cash and cash equivalent balances maintained by us and our subsidiaries with the lender . in may 2013 , the equipment credit line expired and there was no outstanding balance . as of july 31 , 2014 and 2013 , the outstanding balance of the term loan was $ 13.5 million and $ 16.4 million , respectively . the obligations under the loan agreement are secured by substantially all assets of two of our subsidiaries , including but not limited to , certain real property and related assets located at the oregon fab . in addition , we and certain of our subsidiaries have agreed to guarantee full repayment and performance of the obligations under the loan agreement . the loan agreement contains customary restrictive covenants and includes certain financial covenants that require us to maintain on a consolidated basis specified financial ratios including total liabilities to tangible net worth , fixed charge coverage and current assets to current liabilities

net cash provided by operating activities of $ 37.6 million for fiscal year 2014 resulted primarily from net loss of $ 3.3 million , non-cash charges of $ 31.5 million and net change in assets and liabilities providing net cash of $ 9.4 million . the non-cash charges of $ 31.5 million included depreciation and amortization expenses of $ 27.9 million , share-based compensation expense of $ 3.4 million , and net deferred income taxes of $ 0.8 million , partially offset by allowance for doubtful account of $ 0.4 million and gain on disposal of property and equipment of $ 0.2 million during the fiscal year 2014. the net change in assets and liabilities providing net cash of $ 9.4 million was primarily due to $ 1.8 million decrease in inventories as we reduced our inventories , $ 2.1 million decrease in accounts receivable due to the timing of billings and collection of payments , $ 5.5 million increase in accounts payable primarily due to increase in inventory purchase and timing of payment , and $ 2.4 million increase in accrued and other liabilities primarily related to employee compensation and performance bonuses , partially offset by $ 0.9 million decrease in income taxes payable , and $ 1.5 million increase in other current and long-term assets primarily due to increase in advance payments to suppliers . net cash provided by operating activities of $ 28.0 million for fiscal year 2013 resulted primarily from net loss of $ 5.6 million , non-cash charges of $ 37.8 million and net change in assets and liabilities using net cash of $ 4.2 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by operating activities of $ 37.6 million for fiscal year 2014 resulted primarily from net loss of $ 3.3 million , non-cash charges of $ 31.5 million and net change in assets and liabilities providing net cash of $ 9.4 million . the non-cash charges of $ 31.5 million included depreciation and amortization expenses of $ 27.9 million , share-based compensation expense of $ 3.4 million , and net deferred income taxes of $ 0.8 million , partially offset by allowance for doubtful account of $ 0.4 million and gain on disposal of property and equipment of $ 0.2 million during the fiscal year 2014. the net change in assets and liabilities providing net cash of $ 9.4 million was primarily due to $ 1.8 million decrease in inventories as we reduced our inventories , $ 2.1 million decrease in accounts receivable due to the timing of billings and collection of payments , $ 5.5 million increase in accounts payable primarily due to increase in inventory purchase and timing of payment , and $ 2.4 million increase in accrued and other liabilities primarily related to employee compensation and performance bonuses , partially offset by $ 0.9 million decrease in income taxes payable , and $ 1.5 million increase in other current and long-term assets primarily due to increase in advance payments to suppliers . net cash provided by operating activities of $ 28.0 million for fiscal year 2013 resulted primarily from net loss of $ 5.6 million , non-cash charges of $ 37.8 million and net change in assets and liabilities using net cash of $ 4.2 million .
```    
 Suspicious Activity Report : our sales and technical support teams are localized in several growing markets . we operate a 200mm wafer fabrication facility located in hillsboro , oregon , or the oregon fab , which is critical for us to accelerate proprietary technology development , new product introduction and improve our financial performance in the long run . to meet the market demand for the more mature high volume products , we also utilize the wafer manufacturing capacity of selected third party foundries . for assembly and test , we primarily rely upon our in-house facilities in china . in addition , we utilize subcontracting partners for industry standard packages . we believe our in-house packaging and testing capability provides us with a competitive advantage in proprietary packaging technology , product quality , cost and sales cycle time . factors affecting our performance our performance is affected by several key factors , including the following : the global , regional economic and pc market conditions : because our products primarily serve consumer electronic applications , a deterioration of the global and regional economic conditions could materially affect our revenue and results of operations . in particular , because a significant amount of our revenue is derived from sales of products in the personal computer , or pc markets , such as notebooks , motherboards and notebook battery packs , a significant decline or downturn in the pc markets can have a material adverse effect on our revenue and results of operations . any decline in the pc markets would 39 have a material negative impact on the demand for our products , revenue , factory utilization , gross margin , our ability to resell excess inventory , and other performance measures . we have been executing and are continuing to execute strategies to diversify our product portfolio and penetrate into other market segments , such as the consumer , communication and industrial market segments , which we believe would mitigate and eventually overcome the reduced demand resulting from the declining pc markets . as we develop and sell new products that serve more diversified markets , we expect that sales based on the pc markets , as a percentage of the total revenue , will continue to decline . our revenue from the pc markets accounted for approximately 45.2 % , 50.0 % and 54.4 % of our total revenue for the years ended june 30 , 2014 , 2013 and 2012 , respectively . however , if the rate of decline in the pc markets is faster than we expected , or if we can not successfully diversify or introduce new products to keep pace with the declining pc markets , we may not be able to alleviate its negative impact , which will adversely affect our results of operations . erosion of average selling price : erosion of average selling prices of established products is typical in our industry . consistent with this historical trend , we expect that average selling prices of our existing products will continue to decline in the future . however , as a normal course of business , we seek to offset the effect of declining average selling prices by introducing new and higher value products , expanding existing products for new applications and new customers , and reducing manufacturing cost of existing products . product introductions and customers ' product requirements : our success depends on our ability to introduce products on a timely basis that meet or are compatible with our customers ' specifications and performance requirements . both factors , timeliness of product introductions and conformance to customers ' requirements , are equally important in securing design wins with our customers . as we accelerate the development of new technology platforms , we expect to increase the pace at which we introduce new products and obtain design wins . our failure to introduce products on a timely basis that meet customers ' specifications and performance requirements , particularly those products with major oem customers , and our inability to continue to expand our serviceable markets , could adversely affect our financial performance , including loss of market shares with customers . distributor ordering patterns and seasonality : our distributors place purchase orders with us based on their forecasts of end customer demand , and this demand may vary significantly depending on the sales outlooks and market and economic conditions of end customers . because these forecasts may not be accurate , channel inventory held at our distributors may fluctuate significantly , which in turn may prompt distributors to make significant adjustments to their purchase orders placed with us . as a result , our revenue and operating results may fluctuate significantly from quarter to quarter . in addition , because our products are used in consumer electronics products , our revenue is subject to seasonality . our sales seasonality is affected by numerous factors , including global and regional economic conditions as well as the pc market conditions , revenue generated from new products , changes in distributor ordering patterns in response to channel inventory adjustments and end customer demand for our products and fluctuations in consumer purchase patterns prior to major holiday seasons . in recent periods , broad fluctuations in the semiconductor markets and the global and regional economic conditions , in particular the decline of the pc market conditions , have had a more significant impact on our results of operations than seasonality . manufacturing costs : our gross margin may be affected by our manufacturing costs , including utilization of our own manufacturing facilities , pricing of wafers from other foundries and semiconductor raw materials , which may fluctuate from time to time largely due to the market demand and supply . capacity utilization affects our gross margin because we have certain fixed costs associated with our in-house packaging and testing facilities and our oregon fab . story_separator_special_tag in our review , we reconsidered the key assumptions in our overall strategic business and manufacturing capacity plans in light of the continued declines in the pc market . as a result , we revised our pc related revenue and volume outlook as well as our manufacturing capacity requirements . these material changes in our outlook and plans , which we were able to determine in the third quarter of fiscal 2013 , triggered an impairment review of our long-lived assets . we determined that the related estimated undiscounted cash flows were not sufficient to recover the carrying value of certain manufacturing machinery and equipment primarily for the packaging of our pc-related products due to the accelerated decline of the pc markets . the average remaining useful life of those impaired assets was approximately two years . we estimated the fair values of those long-lived assets based on net realizable values of similar machinery and equipment recently transacted by third-party used-machine brokers and recorded an asset impairment charge of approximately $ 2.6 million to reduce the related carrying amount to its estimated fair value as of march 31 , 2013. during the fourth quarter of fiscal year 2014 , we evaluated our amortizable intangible assets for impairment and determined that the related estimated undiscounted cash flows exceeded the carrying value of the intangible assets and no impairment charge was recorded . during the same period , we also evaluated our goodwill for impairment and determined that the fair value of the reporting unit , estimated based on the market capitalization approach , was more than its carrying value and no impairment charge was recorded . interest income and expenses interest income was primarily related to interest earned from cash and cash equivalents . the increase in interest income for fiscal year 2014 as compared to fiscal year 2013 was primarily due to increase in average cash balances . the decrease in interest income for fiscal year 2013 as compared to fiscal year 2012 was primarily due to lower average interest rate . interest expense was primarily related to bank borrowings . the decrease in interest expenses for fiscal year 2014 was primarily due to a decrease in bank borrowings related to $ 20.0 million term loan obtained in may 2012 for our oregon fab as compared to fiscal year 2013 . the increase in interest expenses for fiscal year 2013 was primarily due to an increase in bank borrowings , including the $ 20.0 million term loan obtained in may 2012 for working capital of our oregon fab as compared to fiscal year 2012 . 45 income tax expense replace_table_token_9_th fiscal 2014 vs 2013 income tax expense for fiscal years 2014 and 2013 was $ 3.0 million and $ 4.0 million , respectively . income tax expense decreased by $ 1.0 million , or 25.7 % , in fiscal year 2014 as compared to fiscal year 2013 primarily due to a reduction in our uncertain tax positions offset partially by a change in the mix of earnings in various geographic jurisdictions . fiscal 2013 vs 2012 income tax expense for fiscal years 2013 and 2012 was $ 4.0 million and $ 3.6 million , respectively . income tax expense increased by $ 0.4 million , or 11.7 % , in fiscal year 2013 as compared to fiscal year 2012 primarily due to the changes in the mix of earnings in various geographic jurisdictions , which was partially offset by the tax benefits from the january 2013 reinstatement of the u.s. federal r & d credit retroactive to january 1 , 2012. liquidity and capital resources our principal need for liquidity and capital resources is to maintain sufficient working capital to support our operations and to invest adequate capital expenditures to fuel the growth of our business . currently , we primarily financed our operations and capital expenditures through funds generated from operations . on may 11 , 2012 , we entered into a loan agreement with a financial institution that provides a term loan of $ 20.0 million for general purposes and a $ 10.0 million non-revolving credit line for the purchase of equipment . both the term loan and equipment credit line will be fully repayable in may 2015. the borrowings may be made in the form of either eurodollar loans or base rate loans . eurodollar loans accrue interest based on an adjusted london interbank offer rate ( `` libor `` ) as defined in the agreement , plus a margin of 1.00 % to 1.75 % . base rate loans accrue interest at the highest of ( a ) the lender 's prime rate , ( b ) the federal funds rate plus 0.5 % and ( c ) the eurodollar rate ( for a one-month interest period ) plus 1 % ; plus a margin of -0.5 % to 0.25 % . the applicable margins for both eurodollar loans and base rate loans will vary from time to time in the foregoing ranges based on the cash and cash equivalent balances maintained by us and our subsidiaries with the lender . in may 2013 , the equipment credit line expired and there was no outstanding balance . as of july 31 , 2014 and 2013 , the outstanding balance of the term loan was $ 13.5 million and $ 16.4 million , respectively . the obligations under the loan agreement are secured by substantially all assets of two of our subsidiaries , including but not limited to , certain real property and related assets located at the oregon fab . in addition , we and certain of our subsidiaries have agreed to guarantee full repayment and performance of the obligations under the loan agreement . the loan agreement contains customary restrictive covenants and includes certain financial covenants that require us to maintain on a consolidated basis specified financial ratios including total liabilities to tangible net worth , fixed charge coverage and current assets to current liabilities

