in july 2013 , the company also acquired certain assets of the larson group , inc. and now operates ford and mitsubishi fuso truck franchises at the rush truck center in cincinnati , ohio . ● in september 2013 , the company acquired certain assets of transauthority and now operates full service international dealerships in richmond and suffolk , virginia and parts and service locations in fredericksburg and chester , virginia . the richmond and norfolk locations include idealease franchises . ● in october 2013 , the company acquired certain assets of prairie international trucks and now operates international commercial truck dealerships in champaign , decatur , bloomington , quincy and springfield , illinois ; a collision center in champaign , illinois and idealease commercial lease and rental operations at the dealerships in champaign , decatur , quincy and springfield , illinois . ● in december 2013 , the company opened a newly constructed full service peterbilt dealership and paclease commercial vehicle leasing and rental operation in corpus christi , texas . ● on february 12 , 2013 , the company announced that its board of directors approved a stock repurchase program authorizing the company to repurchase , from time to time , up to an aggregate of $ 40.0 million shares of class a common stock and or class b common stock . this stock repurchase program was replaced with a new program effective february 4 , 2014. as of december 31 , 2013 , the company has purchased approximately $ 12.9 million of its class b common stock under this repurchase program . 27 recent events ● in january 2014 , the company acquired certain assets of cit , inc. , which did business as chicago international trucks , mcgrenho l.l.c . , which did business as indy truck sales , and indiana mack leasing , llc ; and the membership interests of idealease of chicago , llc . the acquisition included international commercial truck dealerships and idealease commercial vehicle rental and leasing businesses in carol stream , chicago , grayslake , huntley , joliet , kankakee and ottawa , illinois , and brazil , gary and indianapolis , indiana . ● on february 4 , 2014 , the company announced its board of directors had approved a stock repurchase program authorizing the company to repurchase , from time to time , up to an aggregate of $ 40.0 million of its shares of class a common stock and or class b common stock . repurchases will be made at times and in amounts as the company deems appropriate and will be made through open market transactions , privately negotiated transactions and other lawful means . the manner , timing and amount of any repurchases will be determined by the company based on an evaluation of market conditions , stock price and other factors . the stock repurchase program expires on february 3 , 2015 and may be suspended or discontinued at any time . while the stock repurchase program does not obligate the company to acquire any particular amount or class of common stock , the company anticipates that it will be repurchasing primarily shares of its class b common stock . 2014 outlook in 2014 , we expect another year of record performance . we expect higher revenues in all areas of our business . our projected increase in earnings is expected to be partially offset by higher spending on growth initiatives . we expect cash flow from our truck segment to remain strong . according to a.c.t . research co. , llc ( “ a.c.t . research ” ) , a truck industry data and forecasting service provider , u. s. class 8 retail sales are estimated to reach 213,500 units in 2014 , a 13.8 % increase over this year . u. s. class 4-7 retail sales are estimated to reach 193,500 units , up 7.7 % over 2013. as we look to 2014 and beyond , we are focused on positioning our company for growth , while continuing to deliver strong and consistent financial results . we believe that the key challenges facing our industry during 2014 will be continued economic growth in the u.s. and the possible rise of interest rates . industry experts believe that the primary drivers of growth in the u.s. during 2014 will be consumption , housing and non-residential investment . the final months of 2013 appeared to indicate growth in the u.s. economy , which we believe will continue into 2014. key performance indicator absorption ratio . management uses several performance metrics to evaluate the performance of its commercial vehicle dealerships , and considers rush truck centers ' “ absorption ratio ” to be of critical importance . absorption ratio is calculated by dividing the gross profit from the parts , service and body shop departments by the overhead expenses of all of a dealership 's departments , except for the selling expenses of the new and used commercial vehicle departments and carrying costs of new and used commercial vehicle inventory . when 100 % absorption is achieved , all of the gross profit from the sale of a commercial vehicle , after sales commissions and inventory carrying costs , directly impacts operating profit . in 1999 , the company 's commercial vehicle dealerships ' absorption ratio was approximately 80 % . the company has made a concerted effort to increase its absorption ratio since 1999. the company 's commercial vehicle dealerships achieved a 114.0 % absorption ratio for the year in 2013 and 115.9 % absorption ratio for the year in 2012 . 28 critical accounting policies and estimates the company 's discussion and analysis of its financial condition and results of operations are based on the company 's consolidated financial statements , which have been prepared in accordance with u.s. generally accepted accounting principles . story_separator_special_tag the company expects to sell approximately 7,500 to 8,500 used commercial vehicles in 2014. the volume of used commercial vehicle sales will be largely dependent upon our ability to acquire quality used commercial vehicles and maintain an adequate used commercial vehicle inventory throughout 2014. truck lease and rental revenues increased $ 29.4 million , or 29.3 % , in 2013 , compared to 2012. the increase in lease and rental revenue is primarily due to acquisitions since december 31 , 2012. the company expects lease and rental revenue to increase 20 % to 30 % during 2014 , compared to 2013. finance and insurance revenues increased $ 1.7 million , or 12.3 % , in 2013 , compared to 2012. the increase in finance and insurance revenue is primarily a result of the increase in finance penetration rates and increased activity in the company 's insurance business . the company expects finance and insurance revenue to fluctuate proportionately with the company 's new and used commercial vehicle sales in 2014. finance and insurance revenues have limited direct costs and , therefore , contribute a disproportionate share of the company 's operating profits . other income increased $ 1.5 million , or 15.1 % in 2013 , compared to 2012. other income consists primarily of the gain on sale realized on trucks from the lease and rental fleet , document fees related to commercial vehicle sales and mineral royalties . gross profit gross profit increased $ 71.2 million , or 14.2 % , in 2013 , compared to 2012. gross profit as a percentage of sales increased to 16.9 % in 2013 , from 16.2 % in 2012. this increase in gross profit as a percentage of sales is a result of a change in our product sales mix . commercial vehicle sales , a lower margin revenue item , decreased as a percentage of total revenue to 66.2 % in 2013 , from 69.5 % in 2012. parts and service revenue , a higher margin revenue item , increased as a percentage of total revenue to 29.2 % in 2013 , from 26.4 % in 2012. gross margins from the company 's parts , service and body shop operations decreased to 37.3 % in 2013 , from 38.8 % in 2012. gross profit for the parts , service and body shop departments increased to $ 368.3 million in 2013 , from $ 317.4 million in 2012. historically , parts operations gross margins range from 27 % to 28 % and service and body shop operations range from 67 % to 68 % . gross profits from parts sales represented 55 % of total gross profit for parts , service and body shop operations in 2013 , compared to 53 % in 2012. service and body shop operations represented 45 % of total gross profit for parts , service and body shop operations in 2013 , compared to 47 % in 2012. the company expects blended gross margins on parts , service and body shop operations to range 35.0 % to 37.0 % in 2014. gross margins on class 8 truck sales decreased to 6.8 % in 2013 , from 6.9 % in 2012. in 2014 , the company expects overall gross margins from class 8 truck sales of approximately 6.5 % to 7.0 % . the company recorded expense of $ 3.9 million to increase its new heavy-duty truck valuation allowance in 2013 , compared to $ 3.3 million in 2012. gross margins on medium-duty commercial vehicle sales increased to 5.2 % in 2013 , from 4.6 % in 2012. it is difficult to accurately forecast gross margins on medium-duty commercial vehicles because gross margins vary significantly depending upon the mix of fleet and non-fleet purchasers and types of medium-duty commercial vehicles sold . for 2014 , the company expects overall gross margins from medium-duty commercial vehicle sales of approximately 5.0 % to 5.5 % , but this will largely depend upon the mix of purchasers and types of vehicles sold . the company recorded expense of $ 3.7 million to increase its new medium-duty commercial vehicle valuation allowance in 2013 , compared to $ 3.9 million in 2012 . 34 gross margins on used commercial vehicle sales increased to 9.2 % in 2013 , from 8.3 % in 2012. the company expects margins on used commercial vehicles to range between 8.0 % and 10.0 % during 2014 depending upon general economic conditions and the availability of quality used vehicles . the company recorded expense of $ 5.3 million to increase its used commercial vehicle valuation allowance in 2013 , compared to $ 5.7 million in 2012. gross margins from truck lease and rental sales decreased to 15.7 % in 2013 , from approximately 16.0 % in 2012. the company expects gross margins from lease and rental sales of approximately 15.5 % to 16.5 % during 2014 , as it expects to continue to grow its lease and rental fleet . the company 's policy is to depreciate its lease and rental fleet using a straight line method over the customer 's contractual lease term . the lease unit is depreciated to a residual value that approximates fair value at the expiration of the lease term . this policy results in the company realizing reasonable gross margins while the unit is in service and a corresponding gain or loss on sale when the unit is sold at the end of the lease term . finance and insurance revenues and other income , as described above , have limited direct costs and , therefore , contribute a disproportionate share of gross profit . selling , general and administrative expenses selling , general and administrative ( “ sg & a ” ) expenses increased $ 88.6 million , or 24.5 % , in 2013 , compared to 2012. sg & a expenses as a percentage of total revenue increased to 13.3 % in 2013 , from 11.7 % in 2012. this increase

cash flows from investing activities during 2013 , cash used in investing activities was $ 269.7 million . cash flows used in investing activities consist primarily of cash used for capital expenditures and business acquisitions . capital expenditures of $ 191.6 million consisted of purchases of property and equipment and improvements to our existing dealership facilities . property and equipment purchases during 2013 consisted of $ 140.1 million for additional units for the rental and leasing operations , which was directly offset by borrowings of long-term debt . the company expects to purchase or lease trucks worth approximately $ 170.0 million for its leasing operations in 2014 , depending on customer demand , all of which will be financed . cash used in business acquisitions was $ 72.7 million during the year ended december 31 , 2013. see note 15 of the notes to consolidated financial statements for a detailed discussion of the business acquisitions . during 2014 , the company expects to make capital expenditures for recurring items such as computers , shop equipment and vehicles of $ 16.0 million to $ 18.0 million . during 2012 , cash used in investing activities was $ 274.3 million . cash flows used in investing activities consist primarily of cash used for capital expenditures and a business acquisition . capital expenditures of $ 170.0 million consisted of purchases of property and equipment and improvements to our existing dealership facilities . property and equipment purchases during 2012 consisted of $ 128.1 million for additional units for the rental and leasing operations , which was directly offset by borrowings of long-term debt . cash used in the business acquisition was $ 104.6 million during the year ended december 31 , 2012. see note 15 of the notes to consolidated financial statements for a detailed discussion of the business acquisition . cash flows from financing activities cash flows used in financing activities include borrowings and repayments of long-term debt and net payments of floor plan notes 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 flows from investing activities during 2013 , cash used in investing activities was $ 269.7 million . cash flows used in investing activities consist primarily of cash used for capital expenditures and business acquisitions . capital expenditures of $ 191.6 million consisted of purchases of property and equipment and improvements to our existing dealership facilities . property and equipment purchases during 2013 consisted of $ 140.1 million for additional units for the rental and leasing operations , which was directly offset by borrowings of long-term debt . the company expects to purchase or lease trucks worth approximately $ 170.0 million for its leasing operations in 2014 , depending on customer demand , all of which will be financed . cash used in business acquisitions was $ 72.7 million during the year ended december 31 , 2013. see note 15 of the notes to consolidated financial statements for a detailed discussion of the business acquisitions . during 2014 , the company expects to make capital expenditures for recurring items such as computers , shop equipment and vehicles of $ 16.0 million to $ 18.0 million . during 2012 , cash used in investing activities was $ 274.3 million . cash flows used in investing activities consist primarily of cash used for capital expenditures and a business acquisition . capital expenditures of $ 170.0 million consisted of purchases of property and equipment and improvements to our existing dealership facilities . property and equipment purchases during 2012 consisted of $ 128.1 million for additional units for the rental and leasing operations , which was directly offset by borrowings of long-term debt . cash used in the business acquisition was $ 104.6 million during the year ended december 31 , 2012. see note 15 of the notes to consolidated financial statements for a detailed discussion of the business acquisition . cash flows from financing activities cash flows used in financing activities include borrowings and repayments of long-term debt and net payments of floor plan notes payable .
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 Suspicious Activity Report : in july 2013 , the company also acquired certain assets of the larson group , inc. and now operates ford and mitsubishi fuso truck franchises at the rush truck center in cincinnati , ohio . ● in september 2013 , the company acquired certain assets of transauthority and now operates full service international dealerships in richmond and suffolk , virginia and parts and service locations in fredericksburg and chester , virginia . the richmond and norfolk locations include idealease franchises . ● in october 2013 , the company acquired certain assets of prairie international trucks and now operates international commercial truck dealerships in champaign , decatur , bloomington , quincy and springfield , illinois ; a collision center in champaign , illinois and idealease commercial lease and rental operations at the dealerships in champaign , decatur , quincy and springfield , illinois . ● in december 2013 , the company opened a newly constructed full service peterbilt dealership and paclease commercial vehicle leasing and rental operation in corpus christi , texas . ● on february 12 , 2013 , the company announced that its board of directors approved a stock repurchase program authorizing the company to repurchase , from time to time , up to an aggregate of $ 40.0 million shares of class a common stock and or class b common stock . this stock repurchase program was replaced with a new program effective february 4 , 2014. as of december 31 , 2013 , the company has purchased approximately $ 12.9 million of its class b common stock under this repurchase program . 27 recent events ● in january 2014 , the company acquired certain assets of cit , inc. , which did business as chicago international trucks , mcgrenho l.l.c . , which did business as indy truck sales , and indiana mack leasing , llc ; and the membership interests of idealease of chicago , llc . the acquisition included international commercial truck dealerships and idealease commercial vehicle rental and leasing businesses in carol stream , chicago , grayslake , huntley , joliet , kankakee and ottawa , illinois , and brazil , gary and indianapolis , indiana . ● on february 4 , 2014 , the company announced its board of directors had approved a stock repurchase program authorizing the company to repurchase , from time to time , up to an aggregate of $ 40.0 million of its shares of class a common stock and or class b common stock . repurchases will be made at times and in amounts as the company deems appropriate and will be made through open market transactions , privately negotiated transactions and other lawful means . the manner , timing and amount of any repurchases will be determined by the company based on an evaluation of market conditions , stock price and other factors . the stock repurchase program expires on february 3 , 2015 and may be suspended or discontinued at any time . while the stock repurchase program does not obligate the company to acquire any particular amount or class of common stock , the company anticipates that it will be repurchasing primarily shares of its class b common stock . 2014 outlook in 2014 , we expect another year of record performance . we expect higher revenues in all areas of our business . our projected increase in earnings is expected to be partially offset by higher spending on growth initiatives . we expect cash flow from our truck segment to remain strong . according to a.c.t . research co. , llc ( “ a.c.t . research ” ) , a truck industry data and forecasting service provider , u. s. class 8 retail sales are estimated to reach 213,500 units in 2014 , a 13.8 % increase over this year . u. s. class 4-7 retail sales are estimated to reach 193,500 units , up 7.7 % over 2013. as we look to 2014 and beyond , we are focused on positioning our company for growth , while continuing to deliver strong and consistent financial results . we believe that the key challenges facing our industry during 2014 will be continued economic growth in the u.s. and the possible rise of interest rates . industry experts believe that the primary drivers of growth in the u.s. during 2014 will be consumption , housing and non-residential investment . the final months of 2013 appeared to indicate growth in the u.s. economy , which we believe will continue into 2014. key performance indicator absorption ratio . management uses several performance metrics to evaluate the performance of its commercial vehicle dealerships , and considers rush truck centers ' “ absorption ratio ” to be of critical importance . absorption ratio is calculated by dividing the gross profit from the parts , service and body shop departments by the overhead expenses of all of a dealership 's departments , except for the selling expenses of the new and used commercial vehicle departments and carrying costs of new and used commercial vehicle inventory . when 100 % absorption is achieved , all of the gross profit from the sale of a commercial vehicle , after sales commissions and inventory carrying costs , directly impacts operating profit . in 1999 , the company 's commercial vehicle dealerships ' absorption ratio was approximately 80 % . the company has made a concerted effort to increase its absorption ratio since 1999. the company 's commercial vehicle dealerships achieved a 114.0 % absorption ratio for the year in 2013 and 115.9 % absorption ratio for the year in 2012 . 28 critical accounting policies and estimates the company 's discussion and analysis of its financial condition and results of operations are based on the company 's consolidated financial statements , which have been prepared in accordance with u.s. generally accepted accounting principles . story_separator_special_tag the company expects to sell approximately 7,500 to 8,500 used commercial vehicles in 2014. the volume of used commercial vehicle sales will be largely dependent upon our ability to acquire quality used commercial vehicles and maintain an adequate used commercial vehicle inventory throughout 2014. truck lease and rental revenues increased $ 29.4 million , or 29.3 % , in 2013 , compared to 2012. the increase in lease and rental revenue is primarily due to acquisitions since december 31 , 2012. the company expects lease and rental revenue to increase 20 % to 30 % during 2014 , compared to 2013. finance and insurance revenues increased $ 1.7 million , or 12.3 % , in 2013 , compared to 2012. the increase in finance and insurance revenue is primarily a result of the increase in finance penetration rates and increased activity in the company 's insurance business . the company expects finance and insurance revenue to fluctuate proportionately with the company 's new and used commercial vehicle sales in 2014. finance and insurance revenues have limited direct costs and , therefore , contribute a disproportionate share of the company 's operating profits . other income increased $ 1.5 million , or 15.1 % in 2013 , compared to 2012. other income consists primarily of the gain on sale realized on trucks from the lease and rental fleet , document fees related to commercial vehicle sales and mineral royalties . gross profit gross profit increased $ 71.2 million , or 14.2 % , in 2013 , compared to 2012. gross profit as a percentage of sales increased to 16.9 % in 2013 , from 16.2 % in 2012. this increase in gross profit as a percentage of sales is a result of a change in our product sales mix . commercial vehicle sales , a lower margin revenue item , decreased as a percentage of total revenue to 66.2 % in 2013 , from 69.5 % in 2012. parts and service revenue , a higher margin revenue item , increased as a percentage of total revenue to 29.2 % in 2013 , from 26.4 % in 2012. gross margins from the company 's parts , service and body shop operations decreased to 37.3 % in 2013 , from 38.8 % in 2012. gross profit for the parts , service and body shop departments increased to $ 368.3 million in 2013 , from $ 317.4 million in 2012. historically , parts operations gross margins range from 27 % to 28 % and service and body shop operations range from 67 % to 68 % . gross profits from parts sales represented 55 % of total gross profit for parts , service and body shop operations in 2013 , compared to 53 % in 2012. service and body shop operations represented 45 % of total gross profit for parts , service and body shop operations in 2013 , compared to 47 % in 2012. the company expects blended gross margins on parts , service and body shop operations to range 35.0 % to 37.0 % in 2014. gross margins on class 8 truck sales decreased to 6.8 % in 2013 , from 6.9 % in 2012. in 2014 , the company expects overall gross margins from class 8 truck sales of approximately 6.5 % to 7.0 % . the company recorded expense of $ 3.9 million to increase its new heavy-duty truck valuation allowance in 2013 , compared to $ 3.3 million in 2012. gross margins on medium-duty commercial vehicle sales increased to 5.2 % in 2013 , from 4.6 % in 2012. it is difficult to accurately forecast gross margins on medium-duty commercial vehicles because gross margins vary significantly depending upon the mix of fleet and non-fleet purchasers and types of medium-duty commercial vehicles sold . for 2014 , the company expects overall gross margins from medium-duty commercial vehicle sales of approximately 5.0 % to 5.5 % , but this will largely depend upon the mix of purchasers and types of vehicles sold . the company recorded expense of $ 3.7 million to increase its new medium-duty commercial vehicle valuation allowance in 2013 , compared to $ 3.9 million in 2012 . 34 gross margins on used commercial vehicle sales increased to 9.2 % in 2013 , from 8.3 % in 2012. the company expects margins on used commercial vehicles to range between 8.0 % and 10.0 % during 2014 depending upon general economic conditions and the availability of quality used vehicles . the company recorded expense of $ 5.3 million to increase its used commercial vehicle valuation allowance in 2013 , compared to $ 5.7 million in 2012. gross margins from truck lease and rental sales decreased to 15.7 % in 2013 , from approximately 16.0 % in 2012. the company expects gross margins from lease and rental sales of approximately 15.5 % to 16.5 % during 2014 , as it expects to continue to grow its lease and rental fleet . the company 's policy is to depreciate its lease and rental fleet using a straight line method over the customer 's contractual lease term . the lease unit is depreciated to a residual value that approximates fair value at the expiration of the lease term . this policy results in the company realizing reasonable gross margins while the unit is in service and a corresponding gain or loss on sale when the unit is sold at the end of the lease term . finance and insurance revenues and other income , as described above , have limited direct costs and , therefore , contribute a disproportionate share of gross profit . selling , general and administrative expenses selling , general and administrative ( “ sg & a ” ) expenses increased $ 88.6 million , or 24.5 % , in 2013 , compared to 2012. sg & a expenses as a percentage of total revenue increased to 13.3 % in 2013 , from 11.7 % in 2012. this increase

