product sales to medium and heavy-duty truck markets accounted for 68 % , of the company 's sales for the years ended december 31 , 2017 , and 2016 , respectively , and 78 % for the year ended december 31 , 2015 . the demand for core molding technologies ' products is affected by economic conditions in the united states , mexico , and canada . core molding technologies ' manufacturing operations have a significant fixed cost component . accordingly , during periods of changing demand , the profitability of core molding technologies ' operations may change proportionately more than revenues from operations . in 1996 , core molding technologies acquired substantially all of the assets and assumed certain liabilities of columbus plastics , a wholly owned operating unit of navistar 's truck manufacturing division since its formation in late 1980. columbus plastics , located in columbus , ohio , was a compounder and compression molder of smc . in 1998 , core molding technologies began operations at its second facility in gaffney , south carolina , and in 2001 , core molding technologies added a production facility in matamoros , mexico by acquiring certain assets of airshield corporation . as a result of this acquisition , core molding technologies expanded its fiberglass molding capabilities to include the spray up , hand-lay-up open mold processes and rtm 24 closed molding . in 2004 , core molding technologies acquired substantially all the operating assets of keystone restyling products , inc. , a privately held manufacturer and distributor of fiberglass reinforced products for the automotive-aftermarket industry . in 2005 , core molding technologies acquired certain assets of the cincinnati fiberglass division of diversified glass , inc. , a batavia , ohio-based , privately held manufacturer and distributor of fiberglass reinforced plastic components supplied primarily to the heavy-duty truck market . in 2009 , the company completed construction of a new production facility in matamoros , mexico that replaced its leased facility . in march 2015 , the company acquired substantially all of the assets of cpi binani , inc. , a wholly owned subsidiary of binani industries limited , located in winona , minnesota ( `` cpi `` ) , which expanded the company 's process capabilities to include d-lft and diversified the customer base . in january 2018 , the company acquired substantially all the assets of horizon plastics , which has manufacturing operations in colburg , ontario and escobedo , mexico . this acquisition expanded the company 's customer base , geographic footprint , and process capabilities to include structural foam and structural web molding . core molding technologies recorded net income in 2017 of $ 5,459,000 , or $ 0.71 per basic and $ 0.70 per diluted share , compared with net income of $ 7,411,000 , or $ 0.97 per basic and diluted share in 2016 . product sales in 2017 increased 1 % from 2016 , primarily from increased demand from the company 's heavy duty truck and marine market customers , partially offset by decreased demand from automotive customers . as discussed above in part i , item 1 , “ business , ” on january 16 , 2018 the company acquired substantially all of the assets and assumed certain specified liabilities of horizon plastics , in exchange for approximately $ 63,000,000 in cash , subject to a working capital closing adjustment . horizon plastics is a custom low-pressure structural plastic molder , which utilizes both structural foam and structural web process technologies , with approximately 250 employees operating within two manufacturing facilities located in cobourg , canada and escobedo , mexico . horizon plastics had annual sales for its fiscal year ended august 31 , 2017 of approximately $ 60 million . the company expects the transaction to be approximately $ 0.15 to $ 0.20 accretive to earnings per share for calendar year 2018. the acquisition was funded through a combination of available cash on hand and borrowings under an amended and restated credit agreement entered into with keybank national association , as further described below under “ liquidity and capital resources . ” the integration process for horizon plastics is underway and management expects integration of business and financial systems to continue throughout 2018. looking forward , the company anticipates that 2018 product sales levels will increase as compared to 2017 , due to higher demand from heavy duty truck customers and additional sales from the acquisition of horizon plastics . heavy duty truck customers as well as industry analysts are forecasting increases in class 8 truck sales of 6 % to 25 % in 2018 compared to 2017 . results of operations 2017 compared with 2016 net sales for 2017 totaled $ 161,673,000 , which was a decrease from the $ 174,882,000 reported for 2016 . included in total sales were tooling project sales of $ 13,050,000 for 2017 and $ 28,258,000 for 2016 . tooling project sales result primarily from customer approval and acceptance of molds and assembly equipment specific to their products as well as other non-production services . these sales are sporadic in nature and fluctuate in regard to scope and related revenue on a period-to-period basis . total product sales for 2017 , excluding tooling project sales , totaled $ 148,623,000 , representing a 1 % increase from the $ 146,624,000 reported for 2016 . in 2017 , product sales were positively impacted by a change in demand from customers in the heavy truck and marine markets , partially offset by a change in demand from customers in the automotive market . sales to navistar in 2017 totaled $ 39,768,000 , compared to $ 41,750,000 reported for 2016 . included in total sales are tooling sales of $ 159,000 and $ 1,994,000 for 2017 and 2016 , respectively . product sales to navistar decreased slightly in 2017 as compared to 2016 , primarily due to a change in demand , partially offset by new business awards . story_separator_special_tag the company evaluates whether impairment exists for long-lived assets on the basis of undiscounted expected future cash flows from operations before interest . there was no impairment of the company 's long-lived assets for the years ended december 31 , 2017 , 2016 and 2015 . goodwill the company has recorded $ 2,403,000 of goodwill as a result of two acquisitions . in 2001 , the company acquired certain assets of airshield corporation , and as a result , recorded goodwill in the amount of $ 1,097,000 . the company also acquired substantially all of the assets of cpi on march 20 , 2015 , which resulted in approximately $ 1,306,000 of goodwill . the company evaluates goodwill annually on december 31 st to determine whether impairment exists , or at interim periods if an indicator of possible impairment exists . the company evaluates goodwill for impairment utilizing the qualitative assessment . we consider relevant events and circumstances that affect the fair value or carrying amount of the company . such events and circumstances could include macroeconomic conditions , industry and market conditions , cost factors , overall financial performance , entity specific events and capital markets pricing . the company places more weight on the events and circumstances that most affect the company 's fair value or carrying amount . these factors are all considered by management in reaching its conclusion about whether to perform the first step of the impairment test . if the company 's fair value is determined to be more likely than not impaired based on the qualitative approach , a quantitative valuation to estimate the fair value of the company is performed . fair value measurements are based on a projected discounted cash flow valuation model , in accordance with asc 350 , “ intangibles-goodwill and other . ” there was no impairment of the company 's goodwill for the years ended december 31 , 2017 , 2016 and 2015 . self-insurance the company is self-insured with respect to its columbus and batavia , ohio , gaffney , south carolina , winona , minnesota and brownsville , texas medical , dental and vision claims and columbus and batavia , ohio workers ' compensation claims , all of which are subject to stop-loss insurance thresholds . the company has recorded an estimated liability for self-insured medical and dental claims incurred but not reported and worker 's compensation claims incurred but not reported at december 31 , 2017 and 2016 of $ 862,000 and $ 1,139,000 , respectively . 30 post retirement benefits management records an accrual for post retirement costs associated with the health care plan sponsored by the company for certain employees . should actual results differ from the assumptions used to determine the reserves , additional provisions may be required . in particular , increases in future healthcare costs above the assumptions could have an adverse effect on the company 's operations . the effect of a change in healthcare costs is described in note 12 of the notes to consolidated financial statements . the company had a liability for post retirement healthcare benefits based on actuarially computed estimates of $ 9,050,000 at december 31 , 2017 and $ 8,667,000 at december 31 , 2016 . revenue recognition revenue from product sales is recognized at the time products are shipped and title transfers . allowances for returned products and other credits are estimated and recorded as revenue is recognized . tooling revenue is recognized when the customer approves the tool and accepts ownership . progress billings and expenses are shown net as an asset or liability on the company 's consolidated balance sheet . tooling in progress can fluctuate significantly from period to period and is dependent upon the stage of tooling projects and the related billing and expense payment timetable for individual projects and therefore does not necessarily reflect projected income or loss from tooling projects . at december 31 , 2017 , the company had a net asset related to tooling in progress of $ 1,917,000 , which represents approximately $ 8,724,000 of progress tooling billings and $ 10,641,000 of progress tooling expenses . at december 31 , 2016 the company had a net liability related to tooling in progress of $ 1,084,000 , which represents approximately $ 11,052,000 of progress tooling billings and $ 9,968,000 of progress tooling expenses . income taxes management assesses the need for a valuation allowance to reduce its deferred tax assets to the amount that it believes is more likely than not to be realized . the company has considered future taxable income in assessing the need for a valuation allowance and has not recorded a valuation allowance due to anticipating it being more likely than not that the company will realize these benefits . an analysis is performed to determine the amount of the deferred tax asset that will be realized . such analysis is based upon the premise that deferred tax benefits will be realized through the generation of future taxable income . management reviews all available evidence , both positive and negative , to assess the long-term earnings potential of the company using a number of alternatives to evaluate financial results in economic cycles at various industry volume conditions . other factors considered are the company 's relationships with its major customers , and any recent customer diversification efforts . the projected availability of taxable income to realize the tax benefits from the reversal of temporary differences before expiration of these benefits are also considered . management believes that , with the combination of available tax planning strategies and the maintenance of its relationships with its key customers , earnings are achievable in order to realize the net deferred tax asset . management recognizes the financial statement effects of a tax position when it is more likely than not the position will be sustained upon examination . recent accounting pronouncements in may 2014 , the financial accounting standards board ( “ fasb

liquidity and capital resources the company 's primary sources of funds have been cash generated from operating activities and borrowings from third parties . primary cash requirements are for operating expenses , capital expenditures and acquisitions . on december 9 , 2008 , the company and its wholly owned subsidiary , corecomposites de mexico , s. de r.l . de c.v. , entered into a credit agreement , as amended from time to time ( the `` credit agreement '' ) , with a lender to provide various financing facilities . under this credit agreement , as amended from time to time , the company received certain loans , subject to the terms and conditions stated in the agreement , which included ( 1 ) a $ 12,000,000 capex loan ; ( 2 ) an $ 18,000,000 variable rate revolving line of credit ; ( 3 ) a term loan in an original amount of $ 15,500,000 ; and ( 4 ) a letter of credit commitment of up to $ 250,000 , of which $ 175,000 has been issued . the credit agreement is secured by a guarantee of each u.s. subsidiary of the company , and by a lien on substantially all of the present and future assets of the company and its u.s. subsidiaries , except that only 65 % of the stock issued by corecomposites de mexico , s. de r.l . de c.v. has been pledged . on august 4 , 2017 , the company and its wholly owned subsidiary , corecomposites de mexico , s. de r.l .


 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.
     ```liquidity and capital resources the company 's primary sources of funds have been cash generated from operating activities and borrowings from third parties . primary cash requirements are for operating expenses , capital expenditures and acquisitions . on december 9 , 2008 , the company and its wholly owned subsidiary , corecomposites de mexico , s. de r.l . de c.v. , entered into a credit agreement , as amended from time to time ( the `` credit agreement '' ) , with a lender to provide various financing facilities . under this credit agreement , as amended from time to time , the company received certain loans , subject to the terms and conditions stated in the agreement , which included ( 1 ) a $ 12,000,000 capex loan ; ( 2 ) an $ 18,000,000 variable rate revolving line of credit ; ( 3 ) a term loan in an original amount of $ 15,500,000 ; and ( 4 ) a letter of credit commitment of up to $ 250,000 , of which $ 175,000 has been issued . the credit agreement is secured by a guarantee of each u.s. subsidiary of the company , and by a lien on substantially all of the present and future assets of the company and its u.s. subsidiaries , except that only 65 % of the stock issued by corecomposites de mexico , s. de r.l . de c.v. has been pledged . on august 4 , 2017 , the company and its wholly owned subsidiary , corecomposites de mexico , s. de r.l .
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 Suspicious Activity Report : product sales to medium and heavy-duty truck markets accounted for 68 % , of the company 's sales for the years ended december 31 , 2017 , and 2016 , respectively , and 78 % for the year ended december 31 , 2015 . the demand for core molding technologies ' products is affected by economic conditions in the united states , mexico , and canada . core molding technologies ' manufacturing operations have a significant fixed cost component . accordingly , during periods of changing demand , the profitability of core molding technologies ' operations may change proportionately more than revenues from operations . in 1996 , core molding technologies acquired substantially all of the assets and assumed certain liabilities of columbus plastics , a wholly owned operating unit of navistar 's truck manufacturing division since its formation in late 1980. columbus plastics , located in columbus , ohio , was a compounder and compression molder of smc . in 1998 , core molding technologies began operations at its second facility in gaffney , south carolina , and in 2001 , core molding technologies added a production facility in matamoros , mexico by acquiring certain assets of airshield corporation . as a result of this acquisition , core molding technologies expanded its fiberglass molding capabilities to include the spray up , hand-lay-up open mold processes and rtm 24 closed molding . in 2004 , core molding technologies acquired substantially all the operating assets of keystone restyling products , inc. , a privately held manufacturer and distributor of fiberglass reinforced products for the automotive-aftermarket industry . in 2005 , core molding technologies acquired certain assets of the cincinnati fiberglass division of diversified glass , inc. , a batavia , ohio-based , privately held manufacturer and distributor of fiberglass reinforced plastic components supplied primarily to the heavy-duty truck market . in 2009 , the company completed construction of a new production facility in matamoros , mexico that replaced its leased facility . in march 2015 , the company acquired substantially all of the assets of cpi binani , inc. , a wholly owned subsidiary of binani industries limited , located in winona , minnesota ( `` cpi `` ) , which expanded the company 's process capabilities to include d-lft and diversified the customer base . in january 2018 , the company acquired substantially all the assets of horizon plastics , which has manufacturing operations in colburg , ontario and escobedo , mexico . this acquisition expanded the company 's customer base , geographic footprint , and process capabilities to include structural foam and structural web molding . core molding technologies recorded net income in 2017 of $ 5,459,000 , or $ 0.71 per basic and $ 0.70 per diluted share , compared with net income of $ 7,411,000 , or $ 0.97 per basic and diluted share in 2016 . product sales in 2017 increased 1 % from 2016 , primarily from increased demand from the company 's heavy duty truck and marine market customers , partially offset by decreased demand from automotive customers . as discussed above in part i , item 1 , “ business , ” on january 16 , 2018 the company acquired substantially all of the assets and assumed certain specified liabilities of horizon plastics , in exchange for approximately $ 63,000,000 in cash , subject to a working capital closing adjustment . horizon plastics is a custom low-pressure structural plastic molder , which utilizes both structural foam and structural web process technologies , with approximately 250 employees operating within two manufacturing facilities located in cobourg , canada and escobedo , mexico . horizon plastics had annual sales for its fiscal year ended august 31 , 2017 of approximately $ 60 million . the company expects the transaction to be approximately $ 0.15 to $ 0.20 accretive to earnings per share for calendar year 2018. the acquisition was funded through a combination of available cash on hand and borrowings under an amended and restated credit agreement entered into with keybank national association , as further described below under “ liquidity and capital resources . ” the integration process for horizon plastics is underway and management expects integration of business and financial systems to continue throughout 2018. looking forward , the company anticipates that 2018 product sales levels will increase as compared to 2017 , due to higher demand from heavy duty truck customers and additional sales from the acquisition of horizon plastics . heavy duty truck customers as well as industry analysts are forecasting increases in class 8 truck sales of 6 % to 25 % in 2018 compared to 2017 . results of operations 2017 compared with 2016 net sales for 2017 totaled $ 161,673,000 , which was a decrease from the $ 174,882,000 reported for 2016 . included in total sales were tooling project sales of $ 13,050,000 for 2017 and $ 28,258,000 for 2016 . tooling project sales result primarily from customer approval and acceptance of molds and assembly equipment specific to their products as well as other non-production services . these sales are sporadic in nature and fluctuate in regard to scope and related revenue on a period-to-period basis . total product sales for 2017 , excluding tooling project sales , totaled $ 148,623,000 , representing a 1 % increase from the $ 146,624,000 reported for 2016 . in 2017 , product sales were positively impacted by a change in demand from customers in the heavy truck and marine markets , partially offset by a change in demand from customers in the automotive market . sales to navistar in 2017 totaled $ 39,768,000 , compared to $ 41,750,000 reported for 2016 . included in total sales are tooling sales of $ 159,000 and $ 1,994,000 for 2017 and 2016 , respectively . product sales to navistar decreased slightly in 2017 as compared to 2016 , primarily due to a change in demand , partially offset by new business awards . story_separator_special_tag the company evaluates whether impairment exists for long-lived assets on the basis of undiscounted expected future cash flows from operations before interest . there was no impairment of the company 's long-lived assets for the years ended december 31 , 2017 , 2016 and 2015 . goodwill the company has recorded $ 2,403,000 of goodwill as a result of two acquisitions . in 2001 , the company acquired certain assets of airshield corporation , and as a result , recorded goodwill in the amount of $ 1,097,000 . the company also acquired substantially all of the assets of cpi on march 20 , 2015 , which resulted in approximately $ 1,306,000 of goodwill . the company evaluates goodwill annually on december 31 st to determine whether impairment exists , or at interim periods if an indicator of possible impairment exists . the company evaluates goodwill for impairment utilizing the qualitative assessment . we consider relevant events and circumstances that affect the fair value or carrying amount of the company . such events and circumstances could include macroeconomic conditions , industry and market conditions , cost factors , overall financial performance , entity specific events and capital markets pricing . the company places more weight on the events and circumstances that most affect the company 's fair value or carrying amount . these factors are all considered by management in reaching its conclusion about whether to perform the first step of the impairment test . if the company 's fair value is determined to be more likely than not impaired based on the qualitative approach , a quantitative valuation to estimate the fair value of the company is performed . fair value measurements are based on a projected discounted cash flow valuation model , in accordance with asc 350 , “ intangibles-goodwill and other . ” there was no impairment of the company 's goodwill for the years ended december 31 , 2017 , 2016 and 2015 . self-insurance the company is self-insured with respect to its columbus and batavia , ohio , gaffney , south carolina , winona , minnesota and brownsville , texas medical , dental and vision claims and columbus and batavia , ohio workers ' compensation claims , all of which are subject to stop-loss insurance thresholds . the company has recorded an estimated liability for self-insured medical and dental claims incurred but not reported and worker 's compensation claims incurred but not reported at december 31 , 2017 and 2016 of $ 862,000 and $ 1,139,000 , respectively . 30 post retirement benefits management records an accrual for post retirement costs associated with the health care plan sponsored by the company for certain employees . should actual results differ from the assumptions used to determine the reserves , additional provisions may be required . in particular , increases in future healthcare costs above the assumptions could have an adverse effect on the company 's operations . the effect of a change in healthcare costs is described in note 12 of the notes to consolidated financial statements . the company had a liability for post retirement healthcare benefits based on actuarially computed estimates of $ 9,050,000 at december 31 , 2017 and $ 8,667,000 at december 31 , 2016 . revenue recognition revenue from product sales is recognized at the time products are shipped and title transfers . allowances for returned products and other credits are estimated and recorded as revenue is recognized . tooling revenue is recognized when the customer approves the tool and accepts ownership . progress billings and expenses are shown net as an asset or liability on the company 's consolidated balance sheet . tooling in progress can fluctuate significantly from period to period and is dependent upon the stage of tooling projects and the related billing and expense payment timetable for individual projects and therefore does not necessarily reflect projected income or loss from tooling projects . at december 31 , 2017 , the company had a net asset related to tooling in progress of $ 1,917,000 , which represents approximately $ 8,724,000 of progress tooling billings and $ 10,641,000 of progress tooling expenses . at december 31 , 2016 the company had a net liability related to tooling in progress of $ 1,084,000 , which represents approximately $ 11,052,000 of progress tooling billings and $ 9,968,000 of progress tooling expenses . income taxes management assesses the need for a valuation allowance to reduce its deferred tax assets to the amount that it believes is more likely than not to be realized . the company has considered future taxable income in assessing the need for a valuation allowance and has not recorded a valuation allowance due to anticipating it being more likely than not that the company will realize these benefits . an analysis is performed to determine the amount of the deferred tax asset that will be realized . such analysis is based upon the premise that deferred tax benefits will be realized through the generation of future taxable income . management reviews all available evidence , both positive and negative , to assess the long-term earnings potential of the company using a number of alternatives to evaluate financial results in economic cycles at various industry volume conditions . other factors considered are the company 's relationships with its major customers , and any recent customer diversification efforts . the projected availability of taxable income to realize the tax benefits from the reversal of temporary differences before expiration of these benefits are also considered . management believes that , with the combination of available tax planning strategies and the maintenance of its relationships with its key customers , earnings are achievable in order to realize the net deferred tax asset . management recognizes the financial statement effects of a tax position when it is more likely than not the position will be sustained upon examination . recent accounting pronouncements in may 2014 , the financial accounting standards board ( “ fasb

