plastics segment pricing is based on the cost of resin , colorant , fittings , labeling , labor , rent , freight , utilities and operating supplies , volume , order size , length of production runs and competition . generally , selling prices in the plastic packaging segment are periodically adjusted as the cost of resin fluctuates . typically , the price of our manufactured plastic segment products is higher for larger , more complex products . revenues in each of our segments are seasonal , reflecting a general pattern of lower sales and earnings in the metal and plastic packaging industry during the first quarter of our fiscal year when activity in several of our end markets , most notably the home improvement and repair sector , is generally slower . for example , in the first quarter of 2009 and 2008 net sales were approximately 24 % and 21 % of total net sales and gross profit was approximately 14 % and 16 % of total gross profit , respectively . these seasonal patterns cause our quarterly operating results and working capital requirements to fluctuate . page 26 index to financial statements our net sales are also impacted by the pass-through of price changes for steel and plastic resin as permitted in sales agreements with our customers . these sales agreements generally contain pass-through mechanisms by which we may recover raw material price increases , although the timing of the recovery may not coincide with when we incur the raw material cost and the amount of the recovery may not equal the increase in raw material costs . expenses our expenses primarily consist of : cost of products sold ( excluding depreciation and amortization ) . these expenses include raw materials , labor and benefits , rent , freight , utilities , repairs and maintenance , operating supplies and other direct and indirect costs associated with the manufacturing process . cost of products sold is primarily driven by the cost of these items , production volume and the mix of products manufactured . because we account for our inventories on a first-in-first-out ( fifo ) basis , cost of products sold may significantly vary by period if there are fluctuations in the cost of our key raw materials ( steel and plastic resin ) . raw materials are further discussed below . depreciation and amortization . these expenses include depreciation of property , plant and equipment and amortization of identifiable intangible assets . depreciation expense is primarily driven by capital expenditures , offset by the reduction of assets that become fully depreciated and disposals of equipment . depreciation expense may also be affected by additional depreciation due to the shortening of useful lives in association with restructuring plans . amortization expense is primarily driven by the valuation of intangible assets resulting from acquisitions . restructuring . these expenses include costs related to closing redundant facilities and eliminating redundant positions . restructuring charges are typically driven by our initiatives to reduce our overall operating costs through facility consolidation and headcount reductions . the expenses include severance and termination benefits , rent and other holding costs on vacated facilities ( net of estimated or actual sublease revenue ) and costs associated with the removal of equipment . these expenses also include pension withdrawal liabilities related to the termination of employees participating in multiemployer pension plans . selling and administrative . these expenses include salaries and incentive compensation for corporate and sales personnel , professional fees , insurance , stock-based compensation expense , rent , bad debt expense and other corporate administrative costs . the primary drivers for selling and administrative expense are wage increases , inflation , regulatory compliance , stock-based compensation expense , performance-based incentive compensation and legal , accounting and other professional fees . interest . this expense includes interest accruing on our indebtedness and the amortization of debt discount and debt issuance costs . interest expense is affected by changes in average outstanding indebtedness ( including capital lease obligations ) and variable interest rates . due to immateriality , interest income is not shown separately and is netted with interest expense . the company primarily earns interest from cash on hand . other , net . these expenses include gains and losses from foreign currency transactions , gains and losses on the disposition of property , plant and equipment and other non-operating expenses . prior to the ipo in 2007 , other included financial advisory fees paid to a private equity firm that held a majority of the company 's stock . raw materials raw materials for the metal segment include tinplate , blackplate and cold rolled steel , various fittings , coatings , inks and compounds . historically , steel producers implemented annual price changes , generally at the beginning of the calendar year . however , as the cost to produce steel has become more volatile , our suppliers have begun to adjust their prices more frequently , either through price increases or surcharges . over the last four years there has page 27 index to financial statements been consolidation in the steel industry , and as a result our steel raw material purchases have been concentrated with the largest suppliers . over the past several years , steel pricing has increased more than historical levels due to increases in our steel producers ' cost of raw materials and strong global demand . raw materials for the plastics segment include resin , colorant and fittings . resin prices fluctuate periodically throughout the year , but have increased steadily over the past several years . we have generally been able to recover these raw material price increases through pass-through mechanisms in our sales agreements , although the timing of the recovery may not coincide with when we incur the raw material cost and the amount of the recovery may not equal the increase in raw material costs . story_separator_special_tag selling and administrative expense replace_table_token_12_th in 2009 , segment selling and administrative expenses declined primarily due to reduced spending related to our on-going cost reduction initiatives . in 2008 , the decrease in segment selling and administrative expense ( s & a ) for from 2007 was primarily due to lower bonus expense and spending in each of the segments . corporate undistributed expense in 2008 included a $ 1.0 million favorable adjustment related to a change in our estimate of the allowance for doubtful accounts . the adjustment was partially offset by the write-off of $ 0.7 million in accounts receivable that became uncollectible following a customer filing for liquidation in bankruptcy . excluding the above adjustment in 2008 , corporate undistributed selling and administrative expenses decreased $ 1.1 million in 2009 primarily due to lower stock-based compensation expense related to modifications made in 2007 and lower professional fees , partially offset by higher performance based bonus expense , additional bad debt expenses associated with certain uncollectible accounts receivable and higher litigation expenses . corporate undistributed expense in 2007 included approximately $ 15.8 million of an initial public offering expenses consisting of an $ 8.0 million management bonus and $ 7.8 million of stock-based compensation expense associated with the accelerated vesting of certain stock options . because of the ipo in 2007 , the vesting criteria of certain options were modified , which resulted in additional stock-based compensation expense of $ 1.5 million in 2007 and $ 4.8 million in 2008. the increase in 2008 over 2007 is due to the timing of the modification , which occurred with the ipo in june 2007. see note 10 , share-based compensation , of notes to consolidated financial statements in item 8 , financial statements and supplementary data. excluding stock-based compensation and ipo related expenses , corporate undistributed expense increased approximately 13 % in 2008 over 2007. the increase in 2008 is primarily due to higher expenses associated with being a public company ( primarily board of director expenses and higher d & o insurance premiums ) , higher bonus expense and higher professional fees . the majority of bonus expense is based on the achievement of certain performance goals established by the board . senior management exceeded established goals in 2009 and , on average , met established goals in 2008. performance goals were not met in 2007. page 34 index to financial statements restructuring expense in the third quarter of 2009 , the board approved a plan to eliminate our operating divisions and restructure management in order to operate the company as a single entity . management believes the strength of the company 's current management team made the divisional structure unnecessary and that the single operating structure will increase management efficiency and lower overhead expenses in support of our continued efforts to reduce the our overall cost base . in 2009 , we recorded approximately $ 1.5 million in severance and benefits and approximately $ 0.9 million related to administrative office consolidation and employee relocations . in addition to the plan , we recorded approximately $ 0.7 million in 2009 for severance and benefits related to the elimination of certain other redundant positions . in addition , we recorded approximately $ 1.8 million in 2009 in expenses related to the closure of our franklin park and cleveland facilities in 2008. in 2008 , we recorded approximately $ 8.5 million in expenses related to the closure of the franklin park and cleveland facilities , approximately $ 1.0 million related to the elimination of certain redundant positions in canada and approximately $ 0.1 million related to adjustments in prior year restructuring plans . see note 16 , restructuring and reorganization liabilities of notes to consolidated financial statements in item 8 , financial statements and supplementary data. story_separator_special_tag style= `` margin-top:0px ; margin-bottom:0px `` > historical cash flows summary cash flow information fiscal years ended september 27 , 2009 , september 28 , 2008 and september 30 , 2007 replace_table_token_13_th cash requirements for operations and capital expenditures during 2009 , 2008 and 2007 were primarily financed through internally generated cash flows and cash on hand . on occasion , short-term cash shortfalls were covered by borrowings under the revolving credit facility ; however , no amounts were outstanding under our revolving credit facility at the end of the year . in the first quarter of 2010 , we used approximately $ 32.0 million of cash on hand for the acquisition of ball plastics and approximately $ 6.5 million for mandatory excess cash flow repayments on our term loan . in the first quarter of 2009 , we used approximately $ 17.7 million of cash on hand for mandatory excess cash flow repayments on our term loan . operating activities in 2009 , cash provided by operating activities decreased $ 2.5 million ( 3 % ) from 2008 as cash from higher net income was offset by a $ 13.7 million net increase in primary working capital ( accounts receivable and inventories less accounts payable ) . in 2008 , cash provided by operating activities increased $ 26.9 million ( 57 % ) from 2007. the increase is primarily due to the payment of $ 20.1 million in ipo related expenses in 2007 , as discussed above , and from a $ 13.1 million net decrease in primary working capital ( accounts receivable and inventories less accounts payable ) in 2008. investing activities in 2009 , cash used in investing activities increased $ 12.6 million ( 37 % ) from 2008. capital expenditures decreased $ 15.5 million ( 46 % ) from 2008 due to higher than normal capital expenditures in 2008 ( as discussed below ) . in 2009 , we used $ 27.7 million of cash to acquire central can . there were no business acquisitions in 2008. in 2008 , cash used in investing activities increased $ 2.2 million ( 7 % ) from 2007. capital expenditures increased $

loss on extinguishment of debt in 2009 , we refinanced and extinguished our senior subordinated notes due 2010 , resulting in a loss of $ 4.8 million , which consisted of a call premium of $ 3.3 million and the write-off of $ 1.5 million of unamortized debt issuance costs associated with the 2010 notes . see note 9 , long-term debt ,  of notes to consolidated financial statements in item 8 , financial statements and supplementary data ,  for further information . interest expense , net in 2009 , interest expense decreased $ 0.2 million from 2008. although interest expense on our variable rate debt decreased primarily due to lower interest rates and lower average outstanding borrowings , the decrease was offset an increase of approximately $ 5.1 million related to the refinancing of our senior notes in april 2009 , which includes approximately $ 1.7 million of interest paid on the old notes during the required 30 day call period . see note 9 , long-term debt ,  of notes to consolidated financial statements in item 8 , financial statements and supplementary data ,  for further information on the refinancing of the senior notes . income taxes in 2009 , the provision for income taxes was $ 11.2 million for an effective tax rate of approximately 32 % as compared to a provision for income taxes in 2008 of $ 1.3 million for an effective tax rate of approximately 10 % . in 2008 , the provision for income taxes included favorable adjustments related to a tax dispute settlement related to the fiscal 2004 acquisition of nampac ( $ 0.5 million ) , a favorable tax dispute settlement in puerto rico ( $ 0.7 million ) , a favorable adjustment related to a correction of an error in deferred taxes ( $ 2.3 million ) and favorable changes to state and canadian statutory rates ( $ 1.1 million ) . these items caused the reduction in the effective tax rate for 2008. the effective tax rate for 2007 was ( 42.8 ) % , primarily due to $ 1.5 million in non-deductible public offering expenses .


 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.
     ```loss on extinguishment of debt in 2009 , we refinanced and extinguished our senior subordinated notes due 2010 , resulting in a loss of $ 4.8 million , which consisted of a call premium of $ 3.3 million and the write-off of $ 1.5 million of unamortized debt issuance costs associated with the 2010 notes . see note 9 , long-term debt ,  of notes to consolidated financial statements in item 8 , financial statements and supplementary data ,  for further information . interest expense , net in 2009 , interest expense decreased $ 0.2 million from 2008. although interest expense on our variable rate debt decreased primarily due to lower interest rates and lower average outstanding borrowings , the decrease was offset an increase of approximately $ 5.1 million related to the refinancing of our senior notes in april 2009 , which includes approximately $ 1.7 million of interest paid on the old notes during the required 30 day call period . see note 9 , long-term debt ,  of notes to consolidated financial statements in item 8 , financial statements and supplementary data ,  for further information on the refinancing of the senior notes . income taxes in 2009 , the provision for income taxes was $ 11.2 million for an effective tax rate of approximately 32 % as compared to a provision for income taxes in 2008 of $ 1.3 million for an effective tax rate of approximately 10 % . in 2008 , the provision for income taxes included favorable adjustments related to a tax dispute settlement related to the fiscal 2004 acquisition of nampac ( $ 0.5 million ) , a favorable tax dispute settlement in puerto rico ( $ 0.7 million ) , a favorable adjustment related to a correction of an error in deferred taxes ( $ 2.3 million ) and favorable changes to state and canadian statutory rates ( $ 1.1 million ) . these items caused the reduction in the effective tax rate for 2008. the effective tax rate for 2007 was ( 42.8 ) % , primarily due to $ 1.5 million in non-deductible public offering expenses .
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 Suspicious Activity Report : plastics segment pricing is based on the cost of resin , colorant , fittings , labeling , labor , rent , freight , utilities and operating supplies , volume , order size , length of production runs and competition . generally , selling prices in the plastic packaging segment are periodically adjusted as the cost of resin fluctuates . typically , the price of our manufactured plastic segment products is higher for larger , more complex products . revenues in each of our segments are seasonal , reflecting a general pattern of lower sales and earnings in the metal and plastic packaging industry during the first quarter of our fiscal year when activity in several of our end markets , most notably the home improvement and repair sector , is generally slower . for example , in the first quarter of 2009 and 2008 net sales were approximately 24 % and 21 % of total net sales and gross profit was approximately 14 % and 16 % of total gross profit , respectively . these seasonal patterns cause our quarterly operating results and working capital requirements to fluctuate . page 26 index to financial statements our net sales are also impacted by the pass-through of price changes for steel and plastic resin as permitted in sales agreements with our customers . these sales agreements generally contain pass-through mechanisms by which we may recover raw material price increases , although the timing of the recovery may not coincide with when we incur the raw material cost and the amount of the recovery may not equal the increase in raw material costs . expenses our expenses primarily consist of : cost of products sold ( excluding depreciation and amortization ) . these expenses include raw materials , labor and benefits , rent , freight , utilities , repairs and maintenance , operating supplies and other direct and indirect costs associated with the manufacturing process . cost of products sold is primarily driven by the cost of these items , production volume and the mix of products manufactured . because we account for our inventories on a first-in-first-out ( fifo ) basis , cost of products sold may significantly vary by period if there are fluctuations in the cost of our key raw materials ( steel and plastic resin ) . raw materials are further discussed below . depreciation and amortization . these expenses include depreciation of property , plant and equipment and amortization of identifiable intangible assets . depreciation expense is primarily driven by capital expenditures , offset by the reduction of assets that become fully depreciated and disposals of equipment . depreciation expense may also be affected by additional depreciation due to the shortening of useful lives in association with restructuring plans . amortization expense is primarily driven by the valuation of intangible assets resulting from acquisitions . restructuring . these expenses include costs related to closing redundant facilities and eliminating redundant positions . restructuring charges are typically driven by our initiatives to reduce our overall operating costs through facility consolidation and headcount reductions . the expenses include severance and termination benefits , rent and other holding costs on vacated facilities ( net of estimated or actual sublease revenue ) and costs associated with the removal of equipment . these expenses also include pension withdrawal liabilities related to the termination of employees participating in multiemployer pension plans . selling and administrative . these expenses include salaries and incentive compensation for corporate and sales personnel , professional fees , insurance , stock-based compensation expense , rent , bad debt expense and other corporate administrative costs . the primary drivers for selling and administrative expense are wage increases , inflation , regulatory compliance , stock-based compensation expense , performance-based incentive compensation and legal , accounting and other professional fees . interest . this expense includes interest accruing on our indebtedness and the amortization of debt discount and debt issuance costs . interest expense is affected by changes in average outstanding indebtedness ( including capital lease obligations ) and variable interest rates . due to immateriality , interest income is not shown separately and is netted with interest expense . the company primarily earns interest from cash on hand . other , net . these expenses include gains and losses from foreign currency transactions , gains and losses on the disposition of property , plant and equipment and other non-operating expenses . prior to the ipo in 2007 , other included financial advisory fees paid to a private equity firm that held a majority of the company 's stock . raw materials raw materials for the metal segment include tinplate , blackplate and cold rolled steel , various fittings , coatings , inks and compounds . historically , steel producers implemented annual price changes , generally at the beginning of the calendar year . however , as the cost to produce steel has become more volatile , our suppliers have begun to adjust their prices more frequently , either through price increases or surcharges . over the last four years there has page 27 index to financial statements been consolidation in the steel industry , and as a result our steel raw material purchases have been concentrated with the largest suppliers . over the past several years , steel pricing has increased more than historical levels due to increases in our steel producers ' cost of raw materials and strong global demand . raw materials for the plastics segment include resin , colorant and fittings . resin prices fluctuate periodically throughout the year , but have increased steadily over the past several years . we have generally been able to recover these raw material price increases through pass-through mechanisms in our sales agreements , although the timing of the recovery may not coincide with when we incur the raw material cost and the amount of the recovery may not equal the increase in raw material costs . story_separator_special_tag selling and administrative expense replace_table_token_12_th in 2009 , segment selling and administrative expenses declined primarily due to reduced spending related to our on-going cost reduction initiatives . in 2008 , the decrease in segment selling and administrative expense ( s & a ) for from 2007 was primarily due to lower bonus expense and spending in each of the segments . corporate undistributed expense in 2008 included a $ 1.0 million favorable adjustment related to a change in our estimate of the allowance for doubtful accounts . the adjustment was partially offset by the write-off of $ 0.7 million in accounts receivable that became uncollectible following a customer filing for liquidation in bankruptcy . excluding the above adjustment in 2008 , corporate undistributed selling and administrative expenses decreased $ 1.1 million in 2009 primarily due to lower stock-based compensation expense related to modifications made in 2007 and lower professional fees , partially offset by higher performance based bonus expense , additional bad debt expenses associated with certain uncollectible accounts receivable and higher litigation expenses . corporate undistributed expense in 2007 included approximately $ 15.8 million of an initial public offering expenses consisting of an $ 8.0 million management bonus and $ 7.8 million of stock-based compensation expense associated with the accelerated vesting of certain stock options . because of the ipo in 2007 , the vesting criteria of certain options were modified , which resulted in additional stock-based compensation expense of $ 1.5 million in 2007 and $ 4.8 million in 2008. the increase in 2008 over 2007 is due to the timing of the modification , which occurred with the ipo in june 2007. see note 10 , share-based compensation , of notes to consolidated financial statements in item 8 , financial statements and supplementary data. excluding stock-based compensation and ipo related expenses , corporate undistributed expense increased approximately 13 % in 2008 over 2007. the increase in 2008 is primarily due to higher expenses associated with being a public company ( primarily board of director expenses and higher d & o insurance premiums ) , higher bonus expense and higher professional fees . the majority of bonus expense is based on the achievement of certain performance goals established by the board . senior management exceeded established goals in 2009 and , on average , met established goals in 2008. performance goals were not met in 2007. page 34 index to financial statements restructuring expense in the third quarter of 2009 , the board approved a plan to eliminate our operating divisions and restructure management in order to operate the company as a single entity . management believes the strength of the company 's current management team made the divisional structure unnecessary and that the single operating structure will increase management efficiency and lower overhead expenses in support of our continued efforts to reduce the our overall cost base . in 2009 , we recorded approximately $ 1.5 million in severance and benefits and approximately $ 0.9 million related to administrative office consolidation and employee relocations . in addition to the plan , we recorded approximately $ 0.7 million in 2009 for severance and benefits related to the elimination of certain other redundant positions . in addition , we recorded approximately $ 1.8 million in 2009 in expenses related to the closure of our franklin park and cleveland facilities in 2008. in 2008 , we recorded approximately $ 8.5 million in expenses related to the closure of the franklin park and cleveland facilities , approximately $ 1.0 million related to the elimination of certain redundant positions in canada and approximately $ 0.1 million related to adjustments in prior year restructuring plans . see note 16 , restructuring and reorganization liabilities of notes to consolidated financial statements in item 8 , financial statements and supplementary data. story_separator_special_tag style= `` margin-top:0px ; margin-bottom:0px `` > historical cash flows summary cash flow information fiscal years ended september 27 , 2009 , september 28 , 2008 and september 30 , 2007 replace_table_token_13_th cash requirements for operations and capital expenditures during 2009 , 2008 and 2007 were primarily financed through internally generated cash flows and cash on hand . on occasion , short-term cash shortfalls were covered by borrowings under the revolving credit facility ; however , no amounts were outstanding under our revolving credit facility at the end of the year . in the first quarter of 2010 , we used approximately $ 32.0 million of cash on hand for the acquisition of ball plastics and approximately $ 6.5 million for mandatory excess cash flow repayments on our term loan . in the first quarter of 2009 , we used approximately $ 17.7 million of cash on hand for mandatory excess cash flow repayments on our term loan . operating activities in 2009 , cash provided by operating activities decreased $ 2.5 million ( 3 % ) from 2008 as cash from higher net income was offset by a $ 13.7 million net increase in primary working capital ( accounts receivable and inventories less accounts payable ) . in 2008 , cash provided by operating activities increased $ 26.9 million ( 57 % ) from 2007. the increase is primarily due to the payment of $ 20.1 million in ipo related expenses in 2007 , as discussed above , and from a $ 13.1 million net decrease in primary working capital ( accounts receivable and inventories less accounts payable ) in 2008. investing activities in 2009 , cash used in investing activities increased $ 12.6 million ( 37 % ) from 2008. capital expenditures decreased $ 15.5 million ( 46 % ) from 2008 due to higher than normal capital expenditures in 2008 ( as discussed below ) . in 2009 , we used $ 27.7 million of cash to acquire central can . there were no business acquisitions in 2008. in 2008 , cash used in investing activities increased $ 2.2 million ( 7 % ) from 2007. capital expenditures increased $

