on june 1 , 2015 , mac and csa entered into new dry-lease agreements with fedex with terms different from our prior dry-lease service contracts . the new dry-lease agreements provide for the lease of specified aircraft by mac and csa in return for the payment of monthly rent with respect to each aircraft leased , which monthly rent was increased from the prior dry-lease service contracts to reflect an estimate of a fair market rental rate . the new dry-lease agreements provide for the reimbursement by fedex of our costs , without mark up , incurred in connection with the operation of the leased aircraft for the following : fuel , landing fees , third-party maintenance , parts and certain other direct operating costs . unlike the prior dry-lease contracts , under the new dry-lease agreements , certain operational costs incurred by mac and csa in operating the aircraft under the new dry-lease agreements are not reimbursed by fedex at cost , and such operational costs are to be borne solely by us . under the new dry-lease agreements , mac and csa are required to perform maintenance of the leased aircraft in return for a maintenance fee based upon an hourly maintenance labor rate , which has been increased from the rate in place under the prior dry-lease service contracts and had not been adjusted since 2008. the new dry-lease agreements provide for the payment by fedex to mac and csa of a monthly administrative fee based on the number and type of aircraft leased and routes operated . the amount of the monthly administrative fee under the new dry-lease agreements is greater than under the prior dry-lease service contracts with fedex , in part to reflect the greater monthly lease payment per aircraft and that certain operational costs are to be borne by mac and csa and not reimbursed . 13 ggs manufactures and supports aircraft deicers and other specialized equipment on a worldwide basis . ggs manufactures five basic models of mobile deicing equipment with capacities ranging from 700 to 2,800 gallons . ggs also offers fixed-pedestal-mounted deicers . each model can be customized as requested by the customer , including single operator configuration , fire suppressant equipment , open basket or enclosed cab design , a patented forced-air deicing nozzle and on-board glycol blending system to substantially reduce glycol usage , color and style of the exterior finish . ggs also manufactures five models of scissor-lift equipment , for catering , cabin service and maintenance service of aircraft , and has developed a line of decontamination equipment , flight-line tow tractors , glycol recovery vehicles and other special purpose mobile equipment . ggs competes primarily on the basis of the quality , performance and reliability of its products , prompt delivery , customer service and price . in july 2009 , ggs was awarded a new contract to supply deicing trucks to the usaf , which expired in july 2014. on may 15 , 2014 , ggs was awarded a new contract to supply deicing trucks to the usaf . the initial contract award is for two years through july 13 , 2016 with four additional one-year extension options that may be exercised by the usaf . the value of the contract , as well as the number of units to be delivered , depends upon annual requirements and available funding to the usaf . in september 2010 , ggs was awarded a contract to supply flight-line tow tractors to the usaf . the contract award was for one year commencing september 28 , 2010 with four additional one-year extension options that may be exercised by the usaf . in august 2013 , the third option period under the contract was exercised , extending the contract to september 2014. because these contracts with the usaf do not obligate the usaf to purchase a set or minimum number of units , the value of these contracts , as well as the number of units to be delivered , depends upon the usaf 's requirements and available funding . at march 31 , 2015 , ggs 's backlog of orders was $ 2.8 million , compared to a backlog of $ 14.4 million at march 31 , 2014. ggs 's backlog at may 31 , 2015 was $ 6.3 million . gas provides the aircraft ground support equipment , fleet , and facility maintenance services . at march 31 , 2015 , gas was providing ground support equipment , fleet , and facility maintenance services to more than 75 customers at 54 north american airports . in march 2014 , the company formed space age insurance company ( “ saic ” ) , a captive insurance company licensed in utah , and initially capitalized with $ 250,000. saic insures risks of the company and its subsidiaries that were not previously insured by the company 's insurance programs ; and underwrites third-party risk through certain reinsurance arrangements . the activities of saic are included within the corporate results in the accompanying financial statements . fiscal 2015 summary revenues for our overnight air cargo segment totaled $ 49,865,000 for the year ended march 31 , 2015 , representing a $ 2,477,000 ( 5 % ) decrease over the prior year . revenues were down primarily as a result of a decrease in maintenance labor revenue due to the completion of two- , four- and eight-year heavy maintenance checks during the prior fiscal year which did not recur in fiscal 2015. in addition , the segment experienced a slight decrease in the administrative fee revenue and a reduction in reimbursement for flight crew costs due to fewer aircraft in full revenue service in fiscal 2015 , which was partially offset by a modest increase in other reimbursable costs . story_separator_special_tag the company had worked to reduce ggs 's seasonal fluctuation in revenues and earnings by increasing military and international sales and broadening its product line to increase revenues and earnings throughout the year . in july 2009 , ggs was awarded a new contract to supply deicing trucks to the usaf , which expired in july 2014. on may 15 , 2014 , ggs was awarded a new contract to supply deicing trucks to the usaf . the initial contract award is for two years through july 13 , 2016 with four additional one-year extension options that may be exercised by the usaf . the value of the contract , as well as the number of units to be delivered , depends upon annual requirements and available funding to the usaf . although ggs has retained the usaf deicer contract , recent orders under the contract have not been sufficient to offset the seasonal trend for commercial sales . as a result , ggs revenues and operating income have resumed their seasonal nature . the overnight air cargo and ground support services segments are not susceptible to seasonal trends . critical accounting policies and estimates the company 's significant accounting policies are more fully described in note 1 of notes to the consolidated financial statements in item 8. the preparation of the company 's consolidated financial statements in conformity with accounting principles generally accepted in the united states requires the use of estimates and assumptions to determine certain assets , liabilities , revenues and expenses . management bases these estimates and assumptions upon the best information available at the time of the estimates or assumptions . the company 's estimates and assumptions could change materially as conditions within and beyond our control change . accordingly , actual results could differ materially from estimates . the company believes that the following are its most significant accounting policies : allowance for doubtful accounts . an allowance for doubtful accounts receivable is established based on management 's estimates of the collectability of accounts receivable . the required allowance is determined using information such as customer credit history , industry information , credit reports , customer financial condition and the collectability of outstanding accounts receivables . the estimates can be affected by changes in the financial strength of the aviation industry , customer credit issues or general economic conditions . inventories . the company 's parts inventories are valued at the lower of cost or market . provisions for excess and obsolete inventories are based on assessment of the marketability of slow-moving and obsolete inventories . historical parts usage , current period sales , estimated future demand and anticipated transactions between willing buyers and sellers provide the basis for estimates . estimates are subject to volatility and can be affected by reduced equipment utilization , existing supplies of used inventory available for sale , the retirement of aircraft or ground equipment and changes in the financial strength of the aviation industry . 18 warranty reserves . the company warranties its ground equipment products for up to a three-year period from date of sale . product warranty reserves are recorded at time of sale based on the historical average warranty cost and are adjusted as actual warranty cost becomes known . income taxes . income taxes have been provided using the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax laws and rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date . revenue recognition . cargo revenue is recognized upon completion of contract terms . maintenance and ground support services revenue is recognized when the service has been performed . revenue from product sales is recognized when contract terms are completed and ownership has passed to the customer . recent accounting pronouncements in may 2014 , a comprehensive new revenue recognition standard was issued that will supersede nearly all existing revenue recognition guidance . the new guidance introduces a five-step model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . this guidance also requires disclosures sufficient to enable users to understand the nature , amount , timing , and uncertainty of revenue and cash flows arising from contracts with customers , including qualitative and quantitative disclosures about contracts with customers , significant judgments and changes in judgments , and assets recognized from the costs to obtain or fulfill a contract . this guidance is effective for fiscal years beginning after december 15 , 2016 , including interim periods within that reporting period . management is currently evaluating the new guidance , including possible transition alternatives , to determine the impact it will have on the company 's consolidated financial statements . forward looking statements certain statements in this report , including those contained in “ overview , ” are “ forward-looking ” statements within the meaning of the private securities litigation reform act of 1995 with respect to the company 's financial condition , results of operations , plans , objectives , future performance and business . forward-looking statements include those preceded by , followed by or that include the words “ believes ” , “ pending ” , “ future ” , “ expects , ” “ anticipates , ” “ estimates , ” “ depends ” or similar expressions . these forward-looking statements involve risks and uncertainties . actual results may differ materially

liquidity and capital resources as of march 31 , 2015 , the company held approximately $ 14.2 million in cash and cash equivalents . of this amount , $ 2,799,000 was invested in accounts not insured by the federal deposit insurance corporation ( “ fdic ” ) . as of march 31 , 2015 , the company 's working capital amounted to $ 30,425,000 , an increase of $ 8,292,000 compared to march 31 , 2014. as of march 31 , 2015 , the company had a $ 7,000,000 secured long-term revolving credit line with an expiration date of august 31 , 2016. the revolving credit line contained customary events of default , a subjective acceleration clause and a fixed charge coverage requirement , with which the company was in compliance at march 31 , 2015. at march 31 , 2015 , aggregate outstanding borrowings under the line of credit were $ 5,000,000. see note 7 in the consolidated financial statements , included elsewhere in this report , for further discussion . on april 1 , 2015 , the company replaced this credit line with a senior secured revolving credit facility of $ 20.0 million ( the “ revolving credit facility ” ) . the revolving credit facility includes a sublimit for issuances of letters of credit of up to $ 500,000. under the revolving credit facility , each of the company , mac , csa , ggs and gas may make borrowings . initially , borrowings under the revolving credit facility bear interest ( payable monthly ) at an annual rate of one-month libor plus 1.50 % , although the interest rates under the revolving credit facility are subject to incremental increases based on a consolidated leverage ratio . in addition , a commitment fee accrues with respect to the unused amount of the revolving credit facility at an annual rate of 0.15 % .


 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 as of march 31 , 2015 , the company held approximately $ 14.2 million in cash and cash equivalents . of this amount , $ 2,799,000 was invested in accounts not insured by the federal deposit insurance corporation ( “ fdic ” ) . as of march 31 , 2015 , the company 's working capital amounted to $ 30,425,000 , an increase of $ 8,292,000 compared to march 31 , 2014. as of march 31 , 2015 , the company had a $ 7,000,000 secured long-term revolving credit line with an expiration date of august 31 , 2016. the revolving credit line contained customary events of default , a subjective acceleration clause and a fixed charge coverage requirement , with which the company was in compliance at march 31 , 2015. at march 31 , 2015 , aggregate outstanding borrowings under the line of credit were $ 5,000,000. see note 7 in the consolidated financial statements , included elsewhere in this report , for further discussion . on april 1 , 2015 , the company replaced this credit line with a senior secured revolving credit facility of $ 20.0 million ( the “ revolving credit facility ” ) . the revolving credit facility includes a sublimit for issuances of letters of credit of up to $ 500,000. under the revolving credit facility , each of the company , mac , csa , ggs and gas may make borrowings . initially , borrowings under the revolving credit facility bear interest ( payable monthly ) at an annual rate of one-month libor plus 1.50 % , although the interest rates under the revolving credit facility are subject to incremental increases based on a consolidated leverage ratio . in addition , a commitment fee accrues with respect to the unused amount of the revolving credit facility at an annual rate of 0.15 % .
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 Suspicious Activity Report : on june 1 , 2015 , mac and csa entered into new dry-lease agreements with fedex with terms different from our prior dry-lease service contracts . the new dry-lease agreements provide for the lease of specified aircraft by mac and csa in return for the payment of monthly rent with respect to each aircraft leased , which monthly rent was increased from the prior dry-lease service contracts to reflect an estimate of a fair market rental rate . the new dry-lease agreements provide for the reimbursement by fedex of our costs , without mark up , incurred in connection with the operation of the leased aircraft for the following : fuel , landing fees , third-party maintenance , parts and certain other direct operating costs . unlike the prior dry-lease contracts , under the new dry-lease agreements , certain operational costs incurred by mac and csa in operating the aircraft under the new dry-lease agreements are not reimbursed by fedex at cost , and such operational costs are to be borne solely by us . under the new dry-lease agreements , mac and csa are required to perform maintenance of the leased aircraft in return for a maintenance fee based upon an hourly maintenance labor rate , which has been increased from the rate in place under the prior dry-lease service contracts and had not been adjusted since 2008. the new dry-lease agreements provide for the payment by fedex to mac and csa of a monthly administrative fee based on the number and type of aircraft leased and routes operated . the amount of the monthly administrative fee under the new dry-lease agreements is greater than under the prior dry-lease service contracts with fedex , in part to reflect the greater monthly lease payment per aircraft and that certain operational costs are to be borne by mac and csa and not reimbursed . 13 ggs manufactures and supports aircraft deicers and other specialized equipment on a worldwide basis . ggs manufactures five basic models of mobile deicing equipment with capacities ranging from 700 to 2,800 gallons . ggs also offers fixed-pedestal-mounted deicers . each model can be customized as requested by the customer , including single operator configuration , fire suppressant equipment , open basket or enclosed cab design , a patented forced-air deicing nozzle and on-board glycol blending system to substantially reduce glycol usage , color and style of the exterior finish . ggs also manufactures five models of scissor-lift equipment , for catering , cabin service and maintenance service of aircraft , and has developed a line of decontamination equipment , flight-line tow tractors , glycol recovery vehicles and other special purpose mobile equipment . ggs competes primarily on the basis of the quality , performance and reliability of its products , prompt delivery , customer service and price . in july 2009 , ggs was awarded a new contract to supply deicing trucks to the usaf , which expired in july 2014. on may 15 , 2014 , ggs was awarded a new contract to supply deicing trucks to the usaf . the initial contract award is for two years through july 13 , 2016 with four additional one-year extension options that may be exercised by the usaf . the value of the contract , as well as the number of units to be delivered , depends upon annual requirements and available funding to the usaf . in september 2010 , ggs was awarded a contract to supply flight-line tow tractors to the usaf . the contract award was for one year commencing september 28 , 2010 with four additional one-year extension options that may be exercised by the usaf . in august 2013 , the third option period under the contract was exercised , extending the contract to september 2014. because these contracts with the usaf do not obligate the usaf to purchase a set or minimum number of units , the value of these contracts , as well as the number of units to be delivered , depends upon the usaf 's requirements and available funding . at march 31 , 2015 , ggs 's backlog of orders was $ 2.8 million , compared to a backlog of $ 14.4 million at march 31 , 2014. ggs 's backlog at may 31 , 2015 was $ 6.3 million . gas provides the aircraft ground support equipment , fleet , and facility maintenance services . at march 31 , 2015 , gas was providing ground support equipment , fleet , and facility maintenance services to more than 75 customers at 54 north american airports . in march 2014 , the company formed space age insurance company ( “ saic ” ) , a captive insurance company licensed in utah , and initially capitalized with $ 250,000. saic insures risks of the company and its subsidiaries that were not previously insured by the company 's insurance programs ; and underwrites third-party risk through certain reinsurance arrangements . the activities of saic are included within the corporate results in the accompanying financial statements . fiscal 2015 summary revenues for our overnight air cargo segment totaled $ 49,865,000 for the year ended march 31 , 2015 , representing a $ 2,477,000 ( 5 % ) decrease over the prior year . revenues were down primarily as a result of a decrease in maintenance labor revenue due to the completion of two- , four- and eight-year heavy maintenance checks during the prior fiscal year which did not recur in fiscal 2015. in addition , the segment experienced a slight decrease in the administrative fee revenue and a reduction in reimbursement for flight crew costs due to fewer aircraft in full revenue service in fiscal 2015 , which was partially offset by a modest increase in other reimbursable costs . story_separator_special_tag the company had worked to reduce ggs 's seasonal fluctuation in revenues and earnings by increasing military and international sales and broadening its product line to increase revenues and earnings throughout the year . in july 2009 , ggs was awarded a new contract to supply deicing trucks to the usaf , which expired in july 2014. on may 15 , 2014 , ggs was awarded a new contract to supply deicing trucks to the usaf . the initial contract award is for two years through july 13 , 2016 with four additional one-year extension options that may be exercised by the usaf . the value of the contract , as well as the number of units to be delivered , depends upon annual requirements and available funding to the usaf . although ggs has retained the usaf deicer contract , recent orders under the contract have not been sufficient to offset the seasonal trend for commercial sales . as a result , ggs revenues and operating income have resumed their seasonal nature . the overnight air cargo and ground support services segments are not susceptible to seasonal trends . critical accounting policies and estimates the company 's significant accounting policies are more fully described in note 1 of notes to the consolidated financial statements in item 8. the preparation of the company 's consolidated financial statements in conformity with accounting principles generally accepted in the united states requires the use of estimates and assumptions to determine certain assets , liabilities , revenues and expenses . management bases these estimates and assumptions upon the best information available at the time of the estimates or assumptions . the company 's estimates and assumptions could change materially as conditions within and beyond our control change . accordingly , actual results could differ materially from estimates . the company believes that the following are its most significant accounting policies : allowance for doubtful accounts . an allowance for doubtful accounts receivable is established based on management 's estimates of the collectability of accounts receivable . the required allowance is determined using information such as customer credit history , industry information , credit reports , customer financial condition and the collectability of outstanding accounts receivables . the estimates can be affected by changes in the financial strength of the aviation industry , customer credit issues or general economic conditions . inventories . the company 's parts inventories are valued at the lower of cost or market . provisions for excess and obsolete inventories are based on assessment of the marketability of slow-moving and obsolete inventories . historical parts usage , current period sales , estimated future demand and anticipated transactions between willing buyers and sellers provide the basis for estimates . estimates are subject to volatility and can be affected by reduced equipment utilization , existing supplies of used inventory available for sale , the retirement of aircraft or ground equipment and changes in the financial strength of the aviation industry . 18 warranty reserves . the company warranties its ground equipment products for up to a three-year period from date of sale . product warranty reserves are recorded at time of sale based on the historical average warranty cost and are adjusted as actual warranty cost becomes known . income taxes . income taxes have been provided using the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax laws and rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date . revenue recognition . cargo revenue is recognized upon completion of contract terms . maintenance and ground support services revenue is recognized when the service has been performed . revenue from product sales is recognized when contract terms are completed and ownership has passed to the customer . recent accounting pronouncements in may 2014 , a comprehensive new revenue recognition standard was issued that will supersede nearly all existing revenue recognition guidance . the new guidance introduces a five-step model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services . this guidance also requires disclosures sufficient to enable users to understand the nature , amount , timing , and uncertainty of revenue and cash flows arising from contracts with customers , including qualitative and quantitative disclosures about contracts with customers , significant judgments and changes in judgments , and assets recognized from the costs to obtain or fulfill a contract . this guidance is effective for fiscal years beginning after december 15 , 2016 , including interim periods within that reporting period . management is currently evaluating the new guidance , including possible transition alternatives , to determine the impact it will have on the company 's consolidated financial statements . forward looking statements certain statements in this report , including those contained in “ overview , ” are “ forward-looking ” statements within the meaning of the private securities litigation reform act of 1995 with respect to the company 's financial condition , results of operations , plans , objectives , future performance and business . forward-looking statements include those preceded by , followed by or that include the words “ believes ” , “ pending ” , “ future ” , “ expects , ” “ anticipates , ” “ estimates , ” “ depends ” or similar expressions . these forward-looking statements involve risks and uncertainties . actual results may differ materially

