our products are sold to school districts throughout the united states and canada . each state and each canadian province has its own set of regulations that govern the purchase of products , including school buses , by their school districts . we and our dealers must navigate these regulations , purchasing procedures , and the districts ' specifications in order to reach mutually acceptable price terms . pricing may or may not be favorable to us , depending upon a number of factors impacting purchasing decisions . buying patterns of major fleets . major fleets regularly compete against one another for existing accounts . fleets are also continuously trying to win the business of school districts that operate their own transportation services . these activities can have either a positive or negative impact on our sales , depending on the brand preference of the fleet that wins the business . major fleets also periodically review their fleet sizes and replacement patterns due to funding availability as well as the profitability of existing routes . these actions can impact total purchases by fleets in a given year . 28 seasonality . our sales are subject to seasonal variation based on the school calendar . the peak season has historically been during our third and fourth fiscal quarters . sales during the third and fourth fiscal quarters are typically greater than the first and second fiscal quarters due to the desire of municipalities to have any new buses that they order available to them at the beginning of the new school year . there are , however , variations in the seasonal demands from year to year depending in large part upon municipal budgets , distinct replacement cycles , and student enrollment . the seasonality and annual variations of seasonality could impact the ability to compare results between fiscal periods . f actors affecting our expenses and other items our expenses and other line items in our consolidated statements of operations are principally driven by the following factors : cost of goods sold . the components of our cost of goods sold consist of material costs ( principally powertrain components , steel and rubber , as well as aluminum and copper ) , labor expense and overhead . our cost of goods sold may vary from period to period due to changes in sales volume , efforts by certain suppliers to pass through the economics associated with key commodities , design changes with respect to specific components , design changes with respect to specific bus models , wage increases for plant labor , productivity of plant labor , delays in receiving materials and other logistical challenges , and the impact of overhead items such as utilities . selling , general and administrative expenses . our selling , general and administrative expenses include costs associated with our selling and marketing efforts , engineering , centralized finance , human resources , purchasing and information technology services , as well as other administrative matters and functions . in most instances , other than direct costs associated with sales and marketing programs , the principal component of these costs is salary expense . changes from period to period are typically driven by the number of our employees , as well as by merit increases provided to experienced personnel . interest expense . our interest expense relates to costs associated with our debt instruments and reflects both the amount of indebtedness and the interest rate that we are required to pay on our debt . income taxes . we make estimates of the amounts to recognize for income taxes in each tax jurisdiction in which we operate . in addition , provisions are established for withholding taxes related to the transfer of cash between jurisdictions and for uncertain tax positions taken . equity in net income of non-consolidated affiliate . we include in this line item our share of income or loss from our investment in micro bird , our unconsolidated 50/50 canadian joint venture . key non-gaap measures we use to evaluate our performance this filing includes the following non-gaap financial measures “ adjusted ebitda ” , “ adjusted ebitda margin ” , and “ free cash flow ” because management views these metrics as a useful way to look at the performance of our operations between periods and to exclude decisions on capital investment and financing that might otherwise impact the review of profitability of the business based on present market conditions . adjusted ebitda is defined as net income prior to interest income , interest expense , income taxes , depreciation and amortization , and disposals , as adjusted to add back certain charges that we may record each year , such as stock-compensation expense , as well as non-recurring charges such as ( i ) significant product design changes ; ( ii ) transaction related costs ; or ( iii ) discrete expenses related to major cost cutting initiatives . we believe these expenses and non-recurring charges are not considered an indicator of ongoing company performance . we define adjusted ebitda margin as adjusted ebitda as a percentage of net sales . adjusted ebitda and adjusted ebitda margin are not measures of performance defined in accordance with gaap . the measures are used as a supplement to gaap results in evaluating certain aspects of our business , as described below . we believe that adjusted ebitda and adjusted ebitda margin are useful to investors in evaluating our performance because the measures consider the performance of our operations , excluding decisions made with respect to capital investment , financing , and other non-recurring charges as outlined in the preceding paragraph . we believe the non-gaap metrics offer additional financial metrics that , when coupled with the gaap results and the reconciliation to gaap results , provide a more complete understanding of our results of operations and the factors and trends affecting our business . story_separator_special_tag the obligations under the credit agreement and the related loan documents ( including without limitation , the borrowings under the facilities ( including the incremental term loan ) and obligations in respect of certain cash management and hedging obligations owing to the agents , the lenders or their affiliates ) , are , in each case , secured by a lien on and security interest in substantially all of the assets of the company and its subsidiaries ( including the borrower ) , with certain exclusions as set forth in a collateral agreement entered into on december 12 , 2016. up to $ 75.0 million of additional term loans and or revolving credit commitments may be incurred under the credit agreement , subject to certain limitations as set forth in the credit agreement , and which additional loans and or commitments would require further commitments from the existing lenders or from new lenders . the credit agreement contains negative and affirmative covenants affecting the company and its subsidiaries including the borrower , with certain exceptions set forth in the credit agreement . the negative covenants and restrictions include , among others : limitations on liens , dispositions of assets , consolidations and mergers , loans and investments , indebtedness , transactions with affiliates ( including management fees and compensation ) , dividends , distributions and other restricted payments , change in fiscal year , fundamental changes , amendments to and subordinated indebtedness , restrictive agreements , sale and leaseback transactions and certain permitted acquisitions . dividends , distributions , and other restricted payments are permitted in certain circumstances under the credit agreement , including , among other exceptions , ( i ) in an amount up to the cumulative available amount of excess free cash flow that is not required to be used to prepay the outstanding loans under the credit agreement , subject to certain adjustments , provided that there is not a continuing default , the company maintains a total net leverage ratio on such date that is 0.25x less than the ratio required by the credit agreement at such date and the company and its subsidiaries have not less than $ 5.0 million in the aggregate of unrestricted cash ( as defined in the credit agreement ) plus remaining availability under the revolving commitments , ( ii ) in an amount that would not cause the total net leverage ratio to exceed 2.75 to 1.00 , provided that there is not a continuing default and the company and its subsidiaries have at least $ 5.0 million in the aggregate of unrestricted cash plus remaining availability under the revolving commitments , ( iii ) to make payments under the certificate of designations of the company 's outstanding preferred stock in an amount up to the cumulative available amount of excess free cash flow that is not required to be used to prepay the outstanding loans under the credit agreement , subject to certain adjustments , provided that there is not a continuing default , the company maintains a total net leverage ratio that does not exceed 3.25 to 1.00 and the company and its subsidiaries have at least $ 5.0 million in the aggregate of unrestricted cash plus remaining availability under the revolving commitments , and ( iv ) in an amount not to exceed $ 15.0 million provided that there is not a continuing default . amended credit agreement on september 13 , 2018 , the company executed an amendment to the credit agreement ( the `` amended credit agreement `` ) , by and among the company , the borrower , and bank of montreal , acting as administrative agent together with other lenders . the amended credit agreement , provides for an aggregate lender commitment of $ 50.0 million in additional term loan borrowings ( the “ incremental term loan ” ) . the incremental term loan was intended to finance a portion of a tender offer up to $ 50.0 million . funding of the incremental term loan was subject to the satisfaction of customary closing conditions , including the accuracy in all material respects of the 35 representations and warranties under the amended credit agreement and the absence of a default or event of default under the amended credit agreement . in october 2018 , the incremental term loan funded for $ 50.0 million and the tender offer referenced above was finalized ( refer to note 18 , subsequent events , to the accompanying consolidated financial statements ) . after giving effect to the amended credit agreement , the initial $ 160.0 million term loan facility , with a balance of $ 146.2 million at september 29 , 2018 , increased $ 50.0 million , and the initial $ 75.0 million revolving credit facility increased $ 25.0 million . the amended credit facilities each mature on september 13 , 2023 , the fifth anniversary of the effective date of the amended credit agreement . after giving effect to the amended credit agreement , the interest payable with respect to the term loan facility is ( i ) from the first amendment effective date until the first quarter ended on or about september 30 , 2018 , libor plus 2.25 % and ( ii ) commencing with the fiscal quarter ended on or about september 30 , 2018 and thereafter , dependent on the total net leverage ratio of the company , an election of either base rate or libor pursuant to the table below . the company 's total net leverage ratio is defined as the ratio of ( a ) consolidated net debt to ( b ) consolidated ebitda , which includes certain add-backs that are not reflected in the definition of adjusted ebitda appearing in the company 's annual report on form 10-k , at the end of each fiscal quarter for the consecutive four fiscal quarter period most recently then ending . replace_table_token_10_th under the amended credit agreement , the

cash flows the following table sets forth general information derived from our statement of cash flows for the fiscal years presented : replace_table_token_12_th total cash provided by operating activities cash flows provided by operating activities totaled $ 48.4 million for the fiscal year ended 2018 , as compared with $ 47.6 million of cash flows provided by operating activities for the fiscal year ended 2017 . the $ 0.7 million increase was primarily attributed to a $ 2.0 million increase in net income , an improvement in the cash flow impacts of changes to working capital and other assets of $ 19.0 million , and $ 2.2 million in additional non-cash components to net income in the year . the sources of operating cash were largely offset by a $ 15.3 million negative difference in the cash flow impacts of accrued expenses between the years which includes the release of our uncertain tax position , as well as a decrease of $ 2.8 million in dividends received from our micro bird joint venture . cash flows provided by operating activities totaled $ 47.6 million for the fiscal year ended 2017 , as compared with $ 25.1 million of cash flows provided by operating activities for the fiscal year ended 2016 . the $ 22.5 million increase was primarily attributed to a $ 21.9 million increase in net income that was partially offset by $ 12.3 million more of total non-cash components in net income , improved working capital cash flow impact of $ 7.7 million , and an increase of $ 2.3 million in dividends received from our micro bird joint venture .


 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 the following table sets forth general information derived from our statement of cash flows for the fiscal years presented : replace_table_token_12_th total cash provided by operating activities cash flows provided by operating activities totaled $ 48.4 million for the fiscal year ended 2018 , as compared with $ 47.6 million of cash flows provided by operating activities for the fiscal year ended 2017 . the $ 0.7 million increase was primarily attributed to a $ 2.0 million increase in net income , an improvement in the cash flow impacts of changes to working capital and other assets of $ 19.0 million , and $ 2.2 million in additional non-cash components to net income in the year . the sources of operating cash were largely offset by a $ 15.3 million negative difference in the cash flow impacts of accrued expenses between the years which includes the release of our uncertain tax position , as well as a decrease of $ 2.8 million in dividends received from our micro bird joint venture . cash flows provided by operating activities totaled $ 47.6 million for the fiscal year ended 2017 , as compared with $ 25.1 million of cash flows provided by operating activities for the fiscal year ended 2016 . the $ 22.5 million increase was primarily attributed to a $ 21.9 million increase in net income that was partially offset by $ 12.3 million more of total non-cash components in net income , improved working capital cash flow impact of $ 7.7 million , and an increase of $ 2.3 million in dividends received from our micro bird joint venture .
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 Suspicious Activity Report : our products are sold to school districts throughout the united states and canada . each state and each canadian province has its own set of regulations that govern the purchase of products , including school buses , by their school districts . we and our dealers must navigate these regulations , purchasing procedures , and the districts ' specifications in order to reach mutually acceptable price terms . pricing may or may not be favorable to us , depending upon a number of factors impacting purchasing decisions . buying patterns of major fleets . major fleets regularly compete against one another for existing accounts . fleets are also continuously trying to win the business of school districts that operate their own transportation services . these activities can have either a positive or negative impact on our sales , depending on the brand preference of the fleet that wins the business . major fleets also periodically review their fleet sizes and replacement patterns due to funding availability as well as the profitability of existing routes . these actions can impact total purchases by fleets in a given year . 28 seasonality . our sales are subject to seasonal variation based on the school calendar . the peak season has historically been during our third and fourth fiscal quarters . sales during the third and fourth fiscal quarters are typically greater than the first and second fiscal quarters due to the desire of municipalities to have any new buses that they order available to them at the beginning of the new school year . there are , however , variations in the seasonal demands from year to year depending in large part upon municipal budgets , distinct replacement cycles , and student enrollment . the seasonality and annual variations of seasonality could impact the ability to compare results between fiscal periods . f actors affecting our expenses and other items our expenses and other line items in our consolidated statements of operations are principally driven by the following factors : cost of goods sold . the components of our cost of goods sold consist of material costs ( principally powertrain components , steel and rubber , as well as aluminum and copper ) , labor expense and overhead . our cost of goods sold may vary from period to period due to changes in sales volume , efforts by certain suppliers to pass through the economics associated with key commodities , design changes with respect to specific components , design changes with respect to specific bus models , wage increases for plant labor , productivity of plant labor , delays in receiving materials and other logistical challenges , and the impact of overhead items such as utilities . selling , general and administrative expenses . our selling , general and administrative expenses include costs associated with our selling and marketing efforts , engineering , centralized finance , human resources , purchasing and information technology services , as well as other administrative matters and functions . in most instances , other than direct costs associated with sales and marketing programs , the principal component of these costs is salary expense . changes from period to period are typically driven by the number of our employees , as well as by merit increases provided to experienced personnel . interest expense . our interest expense relates to costs associated with our debt instruments and reflects both the amount of indebtedness and the interest rate that we are required to pay on our debt . income taxes . we make estimates of the amounts to recognize for income taxes in each tax jurisdiction in which we operate . in addition , provisions are established for withholding taxes related to the transfer of cash between jurisdictions and for uncertain tax positions taken . equity in net income of non-consolidated affiliate . we include in this line item our share of income or loss from our investment in micro bird , our unconsolidated 50/50 canadian joint venture . key non-gaap measures we use to evaluate our performance this filing includes the following non-gaap financial measures “ adjusted ebitda ” , “ adjusted ebitda margin ” , and “ free cash flow ” because management views these metrics as a useful way to look at the performance of our operations between periods and to exclude decisions on capital investment and financing that might otherwise impact the review of profitability of the business based on present market conditions . adjusted ebitda is defined as net income prior to interest income , interest expense , income taxes , depreciation and amortization , and disposals , as adjusted to add back certain charges that we may record each year , such as stock-compensation expense , as well as non-recurring charges such as ( i ) significant product design changes ; ( ii ) transaction related costs ; or ( iii ) discrete expenses related to major cost cutting initiatives . we believe these expenses and non-recurring charges are not considered an indicator of ongoing company performance . we define adjusted ebitda margin as adjusted ebitda as a percentage of net sales . adjusted ebitda and adjusted ebitda margin are not measures of performance defined in accordance with gaap . the measures are used as a supplement to gaap results in evaluating certain aspects of our business , as described below . we believe that adjusted ebitda and adjusted ebitda margin are useful to investors in evaluating our performance because the measures consider the performance of our operations , excluding decisions made with respect to capital investment , financing , and other non-recurring charges as outlined in the preceding paragraph . we believe the non-gaap metrics offer additional financial metrics that , when coupled with the gaap results and the reconciliation to gaap results , provide a more complete understanding of our results of operations and the factors and trends affecting our business . story_separator_special_tag the obligations under the credit agreement and the related loan documents ( including without limitation , the borrowings under the facilities ( including the incremental term loan ) and obligations in respect of certain cash management and hedging obligations owing to the agents , the lenders or their affiliates ) , are , in each case , secured by a lien on and security interest in substantially all of the assets of the company and its subsidiaries ( including the borrower ) , with certain exclusions as set forth in a collateral agreement entered into on december 12 , 2016. up to $ 75.0 million of additional term loans and or revolving credit commitments may be incurred under the credit agreement , subject to certain limitations as set forth in the credit agreement , and which additional loans and or commitments would require further commitments from the existing lenders or from new lenders . the credit agreement contains negative and affirmative covenants affecting the company and its subsidiaries including the borrower , with certain exceptions set forth in the credit agreement . the negative covenants and restrictions include , among others : limitations on liens , dispositions of assets , consolidations and mergers , loans and investments , indebtedness , transactions with affiliates ( including management fees and compensation ) , dividends , distributions and other restricted payments , change in fiscal year , fundamental changes , amendments to and subordinated indebtedness , restrictive agreements , sale and leaseback transactions and certain permitted acquisitions . dividends , distributions , and other restricted payments are permitted in certain circumstances under the credit agreement , including , among other exceptions , ( i ) in an amount up to the cumulative available amount of excess free cash flow that is not required to be used to prepay the outstanding loans under the credit agreement , subject to certain adjustments , provided that there is not a continuing default , the company maintains a total net leverage ratio on such date that is 0.25x less than the ratio required by the credit agreement at such date and the company and its subsidiaries have not less than $ 5.0 million in the aggregate of unrestricted cash ( as defined in the credit agreement ) plus remaining availability under the revolving commitments , ( ii ) in an amount that would not cause the total net leverage ratio to exceed 2.75 to 1.00 , provided that there is not a continuing default and the company and its subsidiaries have at least $ 5.0 million in the aggregate of unrestricted cash plus remaining availability under the revolving commitments , ( iii ) to make payments under the certificate of designations of the company 's outstanding preferred stock in an amount up to the cumulative available amount of excess free cash flow that is not required to be used to prepay the outstanding loans under the credit agreement , subject to certain adjustments , provided that there is not a continuing default , the company maintains a total net leverage ratio that does not exceed 3.25 to 1.00 and the company and its subsidiaries have at least $ 5.0 million in the aggregate of unrestricted cash plus remaining availability under the revolving commitments , and ( iv ) in an amount not to exceed $ 15.0 million provided that there is not a continuing default . amended credit agreement on september 13 , 2018 , the company executed an amendment to the credit agreement ( the `` amended credit agreement `` ) , by and among the company , the borrower , and bank of montreal , acting as administrative agent together with other lenders . the amended credit agreement , provides for an aggregate lender commitment of $ 50.0 million in additional term loan borrowings ( the “ incremental term loan ” ) . the incremental term loan was intended to finance a portion of a tender offer up to $ 50.0 million . funding of the incremental term loan was subject to the satisfaction of customary closing conditions , including the accuracy in all material respects of the 35 representations and warranties under the amended credit agreement and the absence of a default or event of default under the amended credit agreement . in october 2018 , the incremental term loan funded for $ 50.0 million and the tender offer referenced above was finalized ( refer to note 18 , subsequent events , to the accompanying consolidated financial statements ) . after giving effect to the amended credit agreement , the initial $ 160.0 million term loan facility , with a balance of $ 146.2 million at september 29 , 2018 , increased $ 50.0 million , and the initial $ 75.0 million revolving credit facility increased $ 25.0 million . the amended credit facilities each mature on september 13 , 2023 , the fifth anniversary of the effective date of the amended credit agreement . after giving effect to the amended credit agreement , the interest payable with respect to the term loan facility is ( i ) from the first amendment effective date until the first quarter ended on or about september 30 , 2018 , libor plus 2.25 % and ( ii ) commencing with the fiscal quarter ended on or about september 30 , 2018 and thereafter , dependent on the total net leverage ratio of the company , an election of either base rate or libor pursuant to the table below . the company 's total net leverage ratio is defined as the ratio of ( a ) consolidated net debt to ( b ) consolidated ebitda , which includes certain add-backs that are not reflected in the definition of adjusted ebitda appearing in the company 's annual report on form 10-k , at the end of each fiscal quarter for the consecutive four fiscal quarter period most recently then ending . replace_table_token_10_th under the amended credit agreement , the

