triggering events include : a significant decline in the market price of the assets ; a significant adverse change in the operating use or physical condition of the assets ; a significant adverse change in legal factors or in the business climate impacting the assets ' value , including regulatory issues such as environmental actions ; the generation by the assets of historical cash flow losses combined with projected future cash flow losses ; or the expectation that the assets will be sold or disposed of significantly before the end of the useful life of the assets . the company concluded that there were no indications of impairment requiring further testing during the year ended december 28 , 2013. if the company concluded that , based on its review of current facts and circumstances , there were indications of impairment , testing of the applicable assets would be performed . the recoverability of the assets to be held and used is tested by comparing the carrying amount of the assets at the date of the test to the sum of the estimated future undiscounted cash flows expected to be generated by those assets over the remaining useful life of the assets . in estimating the future undiscounted cash flows , the company uses projections of cash flows directly associated with , and which are expected to arise as a direct result of , the use and eventual disposition of the assets . this approach requires significant judgments including the company 's projected net cash flows , which are derived using the most recent available estimate for the reporting unit containing the assets tested . several key assumptions would include periods of operation , projections of product pricing , production levels , product costs , market supply and demand , and inflation . if it is determined that the carrying amount of the assets are not recoverable , an impairment loss would be calculated equal to the excess of the carrying amount of the assets over their fair value . assets classified as held for sale , if 18 any , would be recorded at the lower of their carrying amount or fair value less cost to sell . assets to be disposed of other than by sale , if any , would be classified as held and used until the assets are disposed or use has ceased . goodwill the company has goodwill of approximately $ 1,355,000 recorded as part of its 1996 acquisition of mc , operating within the specialty chemicals segment , $ 1,000,000 recorded as part of its 2009 acquisition of ram-fab and approximately $ 15,898,000 recorded as part of its 2012 acquisition of palmer , both operating within the metals segment . goodwill , which represents the excess of purchase price over fair value of net assets acquired , is tested for impairment at least on an annual basis . the initial step of the goodwill impairment test involves a comparison of the fair value of the reporting unit in which the goodwill is recorded , with its carrying amount . if the reporting unit 's fair value exceeds its carrying value , no impairment loss is recognized and the second step , which is a calculation of the impairment , is not performed . however , if the reporting unit 's carrying value exceeds its fair value , an impairment charge equal to the difference in the carrying value of the goodwill and the implied fair value of the goodwill is recorded . implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination . that is , the fair value of the reporting unit is allocated to the assets and liabilities of the reporting unit as if it had been acquired in a business combination . the excess of the fair value of the reporting unit over the amounts allocated to assets and liabilities is the implied fair value of goodwill . in making our determination of fair value of the reporting unit , we rely on the discounted cash flow method . this method uses projections of cash flows from the reporting unit . this approach requires significant judgments including the company 's projected net cash flows , the weighted average cost of capital ( `` wacc `` ) used to discount the cash flows and terminal value assumptions . we derive these assumptions used in the testing from several sources . many of these assumptions are derived from our internal budgets , which would include existing sales data based on current product lines and assumed production levels , manufacturing costs and product pricing . we believe that our internal forecasts are consistent with those that would be used by a potential buyer in valuing our reporting units . the wacc rate is based on an average of the capital structure , cost of capital and inherent business risk profiles of the company . the assumptions used in the valuation are interrelated . the continuing degree of interrelationship of these assumptions is , in and of itself , a significant assumption . because of the interrelationships among the assumptions , we do not believe it would be meaningful to provide a sensitivity analysis on any of the individual assumptions . however , one key assumption in our valuation model is the wacc . if the wacc , which is used to discount the projected cash flows , were higher , the measure of the fair value of the net assets of the reporting unit would decrease . conversely , if the wacc were lower , the measure of the fair value of the net assets of the reporting unit would increase . changes in any of the company 's other estimates could also have a material effect on the estimated future undiscounted cash flows expected to be generated by the reporting unit 's assets . story_separator_special_tag the improved unit volumes for the year and fourth quarter are also the result of increased market share in north america and strong increases in international sales . 23 operating income for the entire year and fourth quarter of 2012 when compared to the same periods of 2011 was impacted by the following four factors : a ) palmer was acquired august 21 , 2012 and accordingly , 19 weeks and 13 weeks of their operations were included in the year and fourth quarter of 2012 , respectively . b ) associated with the acquisition of palmer , an intangible asset of $ 9,000,000 was recognized , which represents the fair value of the customer base that was acquired by the company . this intangible asset will be amortized over a 15-year period using an accelerated amortization method . as a result of this transaction , the year and fourth quarter of 2012 includes $ 540,000 of amortization expense . c ) declining nickel prices resulted in inventory losses in the year and fourth quarter of 2012 of approximately $ 4,645,000 and $ 1,150,000 , respectively . for the same periods last year , fluctuating nickel prices produced inventory losses of $ 1,637,000 and $ 870,000 , respectively . as nickel prices decrease , selling prices are reduced accordingly while material costs reflect the higher priced inventory . d ) in the year and fourth quarter of 2011 , operating income for the fabrication unit of our metals segment was favorably affected by higher unit selling prices associated with the completion of several large scale lump-sum jobs . the unit realized $ 4,659,000 and $ 135,000 of additional billings during the year and fourth quarter of 2011 , respectively , from these completed jobs . demand for manufactured pipe remains relatively strong , while the fabrication unit continues to deal with excess capacity in the industry which results in margin compression and impacts our sales and profits . margins on fabrication projects in the fourth quarter of 2012 were the lowest of the entire year . selling , general and administrative expense increased $ 1,522,000 , or 25 percent in 2012 when compared to 2011. this expense category was five percent of sales for both periods . the increase resulted from the inclusion of palmer expenses for a portion of 2012 , the amortization of palmer 's intangible asset , an additional provision in 2012 for the collectability of accounts receivable , increased sales commissions , additional salaries and wages in 2012 and higher performance-based bonuses for select segment employees . these higher expense categories were partially offset by increased employee procurement expenses in 2011 as additional sales executives were hired for the fabrication product line . specialty chemicals segment – the following tables summarize operating results for the three years indicated . reference should be made to note 13 to the consolidated financial statements included in item 8 of this form 10-k. replace_table_token_4_th comparison of 2013 to 2012 – specialty chemicals segment specialty chemicals segment sales for the entire year of 2013 were $ 56,518,000 , up $ 5,144,000 or ten percent from $ 51,374,000 for 2012. gross profit for 2013 for the specialty chemicals segment was $ 9,732,000 , or 17 percent of sales , compared to $ 8,240,000 , or 16 percent of sales , for 2012 , an increase of 18 percent . the additional ashland defoamer sales which began in the third quarter of 2012 contributed to the increase in gross profit for the segment . for the fourth quarter of 2013 , specialty chemicals segment 's sales were $ 14,888,000 , which represented a 14 percent increase from $ 13,087,000 for the same quarter of 2012. overall selling prices decreased 16 percent in the fourth quarter when compared to 2012 due in part to a significant increase in usage of a lower cost raw material that is reflected in the selling price at mc and generally lower average selling prices at cri tolling . gross profit for the fourth quarter of 2013 and 2012 was $ 2,588,000 , or 17 percent of sales , and $ 2,049,000 , or 16 percent of sales , respectively , an increase of 26 percent . cri tolling had a positive impact on profitability during its first quarter under company ownership . the specialty chemicals segment continues to focus on changing the product mix to higher priced / higher margin products and controlling operating and support costs . at cri tolling , streamlining processes and improving production capabilities will be a major focus . 24 on august 26 , 2013 , cri tolling completed the purchase of substantially all of the assets and assumed certain operating liabilities of cri . located in fountain inn , south carolina , cri tolling will continue cri 's business as that of a toll manufacturer that provides outside manufacturing resources to global and regional chemical companies . the assets purchased from cri included equipment and certain other assets and approximately $ 387,000 worth of inventory and accounts receivables , net of assumed payables . the total purchase price was $ 1,100,000. the company acquired the building and land where cri operates in a separate but related transaction on august 9 , 2013 for approximately $ 3,500,000. the company viewed both the building and operating assets of cri together as one business , capable of providing a return to ownership by expanding the segment 's production capacity . accordingly , the acquisition meets the definition of a business and the transaction is structured in a way that meets the definition of a business combination under gaap . due to severe financial difficulties cri was experiencing prior to our acquisition , the company was able to purchase the land , building and equipment at below market value . as a result of the favorable purchase price , the company recorded a bargain purchase gain on this transaction in the third quarter of 2013 of

liquidity and capital resources cash flows used in operating activities during 2013 totaled $ 5,542,000 while cash flows provided from operating activities during 2012 totaled $ 1,635,000 , a decrease in cash flows of $ 7,177,000. cash flows in 2013 were generated from net income totaling $ 5,798,000 before depreciation and amortization expense of $ 5,114,000 and the one-time bargain purchase gain on the purchase of cri tolling of $ 1,077,000 , net of deferred income taxes . since the company completed its acquisition of cri on august 26 , 2013 , cash flows resulting from changes in operating assets and liabilities can not be determined simply by subtracting 2013 balance sheet amounts from 2012 values . all acquired cri balances represent beginning balances for cash flow purposes . cash flows were adversely affected by a $ 5,461,000 increase in net inventories in 2013. substantially all of the increase occurred in the metals segment as special alloy inventory increased in support of the current special alloy backlog and inventory at ram-fab increased to support the higher fabrication backlog at the end of 2013. accounts receivable increased $ 2,288,000 in 2013 , net of reserves , as a result of the higher metals segment sales activity during the fourth quarter of 2013 compared to the same period of 2012 , combined with an increase in the number of days sales outstanding for the fabrication facilities . higher inventory purchases made during the fourth quarter of 2013 increased the accounts payable balance at the end of 2013 by $ 1,541,000 when compared to the 2012 year-end balance .


 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 cash flows used in operating activities during 2013 totaled $ 5,542,000 while cash flows provided from operating activities during 2012 totaled $ 1,635,000 , a decrease in cash flows of $ 7,177,000. cash flows in 2013 were generated from net income totaling $ 5,798,000 before depreciation and amortization expense of $ 5,114,000 and the one-time bargain purchase gain on the purchase of cri tolling of $ 1,077,000 , net of deferred income taxes . since the company completed its acquisition of cri on august 26 , 2013 , cash flows resulting from changes in operating assets and liabilities can not be determined simply by subtracting 2013 balance sheet amounts from 2012 values . all acquired cri balances represent beginning balances for cash flow purposes . cash flows were adversely affected by a $ 5,461,000 increase in net inventories in 2013. substantially all of the increase occurred in the metals segment as special alloy inventory increased in support of the current special alloy backlog and inventory at ram-fab increased to support the higher fabrication backlog at the end of 2013. accounts receivable increased $ 2,288,000 in 2013 , net of reserves , as a result of the higher metals segment sales activity during the fourth quarter of 2013 compared to the same period of 2012 , combined with an increase in the number of days sales outstanding for the fabrication facilities . higher inventory purchases made during the fourth quarter of 2013 increased the accounts payable balance at the end of 2013 by $ 1,541,000 when compared to the 2012 year-end balance .
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 Suspicious Activity Report : triggering events include : a significant decline in the market price of the assets ; a significant adverse change in the operating use or physical condition of the assets ; a significant adverse change in legal factors or in the business climate impacting the assets ' value , including regulatory issues such as environmental actions ; the generation by the assets of historical cash flow losses combined with projected future cash flow losses ; or the expectation that the assets will be sold or disposed of significantly before the end of the useful life of the assets . the company concluded that there were no indications of impairment requiring further testing during the year ended december 28 , 2013. if the company concluded that , based on its review of current facts and circumstances , there were indications of impairment , testing of the applicable assets would be performed . the recoverability of the assets to be held and used is tested by comparing the carrying amount of the assets at the date of the test to the sum of the estimated future undiscounted cash flows expected to be generated by those assets over the remaining useful life of the assets . in estimating the future undiscounted cash flows , the company uses projections of cash flows directly associated with , and which are expected to arise as a direct result of , the use and eventual disposition of the assets . this approach requires significant judgments including the company 's projected net cash flows , which are derived using the most recent available estimate for the reporting unit containing the assets tested . several key assumptions would include periods of operation , projections of product pricing , production levels , product costs , market supply and demand , and inflation . if it is determined that the carrying amount of the assets are not recoverable , an impairment loss would be calculated equal to the excess of the carrying amount of the assets over their fair value . assets classified as held for sale , if 18 any , would be recorded at the lower of their carrying amount or fair value less cost to sell . assets to be disposed of other than by sale , if any , would be classified as held and used until the assets are disposed or use has ceased . goodwill the company has goodwill of approximately $ 1,355,000 recorded as part of its 1996 acquisition of mc , operating within the specialty chemicals segment , $ 1,000,000 recorded as part of its 2009 acquisition of ram-fab and approximately $ 15,898,000 recorded as part of its 2012 acquisition of palmer , both operating within the metals segment . goodwill , which represents the excess of purchase price over fair value of net assets acquired , is tested for impairment at least on an annual basis . the initial step of the goodwill impairment test involves a comparison of the fair value of the reporting unit in which the goodwill is recorded , with its carrying amount . if the reporting unit 's fair value exceeds its carrying value , no impairment loss is recognized and the second step , which is a calculation of the impairment , is not performed . however , if the reporting unit 's carrying value exceeds its fair value , an impairment charge equal to the difference in the carrying value of the goodwill and the implied fair value of the goodwill is recorded . implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination . that is , the fair value of the reporting unit is allocated to the assets and liabilities of the reporting unit as if it had been acquired in a business combination . the excess of the fair value of the reporting unit over the amounts allocated to assets and liabilities is the implied fair value of goodwill . in making our determination of fair value of the reporting unit , we rely on the discounted cash flow method . this method uses projections of cash flows from the reporting unit . this approach requires significant judgments including the company 's projected net cash flows , the weighted average cost of capital ( `` wacc `` ) used to discount the cash flows and terminal value assumptions . we derive these assumptions used in the testing from several sources . many of these assumptions are derived from our internal budgets , which would include existing sales data based on current product lines and assumed production levels , manufacturing costs and product pricing . we believe that our internal forecasts are consistent with those that would be used by a potential buyer in valuing our reporting units . the wacc rate is based on an average of the capital structure , cost of capital and inherent business risk profiles of the company . the assumptions used in the valuation are interrelated . the continuing degree of interrelationship of these assumptions is , in and of itself , a significant assumption . because of the interrelationships among the assumptions , we do not believe it would be meaningful to provide a sensitivity analysis on any of the individual assumptions . however , one key assumption in our valuation model is the wacc . if the wacc , which is used to discount the projected cash flows , were higher , the measure of the fair value of the net assets of the reporting unit would decrease . conversely , if the wacc were lower , the measure of the fair value of the net assets of the reporting unit would increase . changes in any of the company 's other estimates could also have a material effect on the estimated future undiscounted cash flows expected to be generated by the reporting unit 's assets . story_separator_special_tag the improved unit volumes for the year and fourth quarter are also the result of increased market share in north america and strong increases in international sales . 23 operating income for the entire year and fourth quarter of 2012 when compared to the same periods of 2011 was impacted by the following four factors : a ) palmer was acquired august 21 , 2012 and accordingly , 19 weeks and 13 weeks of their operations were included in the year and fourth quarter of 2012 , respectively . b ) associated with the acquisition of palmer , an intangible asset of $ 9,000,000 was recognized , which represents the fair value of the customer base that was acquired by the company . this intangible asset will be amortized over a 15-year period using an accelerated amortization method . as a result of this transaction , the year and fourth quarter of 2012 includes $ 540,000 of amortization expense . c ) declining nickel prices resulted in inventory losses in the year and fourth quarter of 2012 of approximately $ 4,645,000 and $ 1,150,000 , respectively . for the same periods last year , fluctuating nickel prices produced inventory losses of $ 1,637,000 and $ 870,000 , respectively . as nickel prices decrease , selling prices are reduced accordingly while material costs reflect the higher priced inventory . d ) in the year and fourth quarter of 2011 , operating income for the fabrication unit of our metals segment was favorably affected by higher unit selling prices associated with the completion of several large scale lump-sum jobs . the unit realized $ 4,659,000 and $ 135,000 of additional billings during the year and fourth quarter of 2011 , respectively , from these completed jobs . demand for manufactured pipe remains relatively strong , while the fabrication unit continues to deal with excess capacity in the industry which results in margin compression and impacts our sales and profits . margins on fabrication projects in the fourth quarter of 2012 were the lowest of the entire year . selling , general and administrative expense increased $ 1,522,000 , or 25 percent in 2012 when compared to 2011. this expense category was five percent of sales for both periods . the increase resulted from the inclusion of palmer expenses for a portion of 2012 , the amortization of palmer 's intangible asset , an additional provision in 2012 for the collectability of accounts receivable , increased sales commissions , additional salaries and wages in 2012 and higher performance-based bonuses for select segment employees . these higher expense categories were partially offset by increased employee procurement expenses in 2011 as additional sales executives were hired for the fabrication product line . specialty chemicals segment – the following tables summarize operating results for the three years indicated . reference should be made to note 13 to the consolidated financial statements included in item 8 of this form 10-k. replace_table_token_4_th comparison of 2013 to 2012 – specialty chemicals segment specialty chemicals segment sales for the entire year of 2013 were $ 56,518,000 , up $ 5,144,000 or ten percent from $ 51,374,000 for 2012. gross profit for 2013 for the specialty chemicals segment was $ 9,732,000 , or 17 percent of sales , compared to $ 8,240,000 , or 16 percent of sales , for 2012 , an increase of 18 percent . the additional ashland defoamer sales which began in the third quarter of 2012 contributed to the increase in gross profit for the segment . for the fourth quarter of 2013 , specialty chemicals segment 's sales were $ 14,888,000 , which represented a 14 percent increase from $ 13,087,000 for the same quarter of 2012. overall selling prices decreased 16 percent in the fourth quarter when compared to 2012 due in part to a significant increase in usage of a lower cost raw material that is reflected in the selling price at mc and generally lower average selling prices at cri tolling . gross profit for the fourth quarter of 2013 and 2012 was $ 2,588,000 , or 17 percent of sales , and $ 2,049,000 , or 16 percent of sales , respectively , an increase of 26 percent . cri tolling had a positive impact on profitability during its first quarter under company ownership . the specialty chemicals segment continues to focus on changing the product mix to higher priced / higher margin products and controlling operating and support costs . at cri tolling , streamlining processes and improving production capabilities will be a major focus . 24 on august 26 , 2013 , cri tolling completed the purchase of substantially all of the assets and assumed certain operating liabilities of cri . located in fountain inn , south carolina , cri tolling will continue cri 's business as that of a toll manufacturer that provides outside manufacturing resources to global and regional chemical companies . the assets purchased from cri included equipment and certain other assets and approximately $ 387,000 worth of inventory and accounts receivables , net of assumed payables . the total purchase price was $ 1,100,000. the company acquired the building and land where cri operates in a separate but related transaction on august 9 , 2013 for approximately $ 3,500,000. the company viewed both the building and operating assets of cri together as one business , capable of providing a return to ownership by expanding the segment 's production capacity . accordingly , the acquisition meets the definition of a business and the transaction is structured in a way that meets the definition of a business combination under gaap . due to severe financial difficulties cri was experiencing prior to our acquisition , the company was able to purchase the land , building and equipment at below market value . as a result of the favorable purchase price , the company recorded a bargain purchase gain on this transaction in the third quarter of 2013 of

