● on april 4 , 2016 , the company acquired 100 % of menber 's for $ 19.2 million , net of cash acquired and after settlement of a working capital adjustment . located in legnago , italy , menber 's specializes in the design , manufacturing , and selling of manual and electrical battery switches and trailer connectors for commercial vehicles . the acquisition expands the company 's commercial vehicle platform globally . ● on march 25 , 2016 , the company acquired polyswitch , the circuit protection business of te connectivity ltd. , for $ 348.3 million , net of cash acquired and after settlement of certain post-closing adjustments . polyswitch has operations in fremont , california and manufacturing facilities in shanghai and kunshan , china , and tsukuba , japan . the acquisition allows the company to strengthen its global circuit protection product portfolio , as well as strengthen its presence in the automotive electronics and battery end markets . the acquisition also significantly increases the company 's presence in japan . ● on october 1 , 2015 , the company acquired 100 % of sigmar . the total purchase price for sigmar was $ 6.5 million , net of cash acquired and including estimated additional net payments of up to $ 0.9 million , a portion of which is subject to the achievement of certain milestones . located in ozegna , italy , sigmar is a leading global manufacturer of water-in-fuel and scr quality sensors , as well as diesel fuel heaters , solenoid valves , and rotating oil filters for automotive and commercial vehicle applications . the acquisition further expands the company 's automotive sensor product line offerings . ● financing – the company increased its already strong liquidity position during 2016. cash flow from operations was $ 180.1 million for 2016 , which was a 9 % increase compared to the prior year . in march 2016 , the company completed the refinancing of its credit facility , increasing capacity to $ 700 million with the potential for future increases of up to an additional $ 150 million and extending the maturity to march 2021. in december 2016 , the company completed a private placement of approximately $ 350 million of senior notes denominated in both u.s. dollars and euros , a portion of which was funded in december with the remaining funding occurring in february 2017. the senior notes range from five to twelve year maturities and have an average interest rate of approximately 2.25 % . ● asset impairment – during 2016 , the potash mining industry experienced a continued decline in market pricing . due to this continuing decline in potash pricing , the custom products reporting unit recognized charges of $ 14.8 million to write down the reporting unit 's carrying value . the charges included a goodwill impairment loss of $ 8.8 million and intangible assets impairments aggregating $ 6.0 million , including a $ 3.8 million reduction of the custom products trade names to a $ 0.7 million remaining value and a $ 2.2 million reduction of the reporting unit 's customer relationships to zero value . ● outlook – sales for the first quarter of 2017 are expected to be in the range of $ 277 to $ 287 million which represents 29 % revenue growth over the first quarter of 2016 , at the midpoint of the range . results of operations — 2016 compared with 2015 the following table summarizes the company 's consolidated results of operations for periods presented . the fiscal year 2016 includes approximately $ 50 . 0 million of non-segment charges . these included $ 14.8 million of charges related to the impairment of the custom products reporting unit , $ 21.4 million of acquisition and integration costs associated with the company 's 2016 acquisitions , primarily polyswitch , $ 7.8 million of non-cash fair value step-up inventory charges relating to the company 's 2016 acquisitions , primarily polyswitch , as described in note 3 , acquisitions , of the notes to consolidated financial statements included in this annual report , $ 1.9 million in charges related to the closure of the company 's manufacturing facility in denmark , $ 1.6 million related to the company 's transfer of its reed sensor manufacturing operations from the u.s. and china to the philippines , and $ 2.5 million related to restructuring costs . 19 fiscal year 2015 includes approximately $ 45.2 million of other non-segment charges . these included $ 5.2 million related to the company 's transfer of its reed sensor manufacturing operations from the u.s. and china to the philippines , $ 3.6 million related to restructuring , $ 4.6 million related to acquisition costs and $ 31.9 million of expense related to the planned termination of the u.s. pension as described in note 10 , benefit plans , of the notes to consolidated financial statements included in this annual report . fiscal year 2016 also included approximately $ 0.5 million in foreign currency expenses primarily attributable to changes in the value of the euro , philippine peso and chinese renminbi against the u.s. dollar , while fiscal year 2015 also included $ 1.5 million in foreign currency gains primarily attributable to changes in the value of both the euro and philippine peso against the u.s. dollar . replace_table_token_5_th sales net sales for 2016 of $ 1,056.2 million increased $ 188.3 million , or 22 % , compared to the prior year , reflecting $ 170.2 million of incremental revenues from businesses acquired over the previous two years as well as organic growth in the electronics and automotive segments , partially offset by lower sales from the industrial segment due to weaker end markets . the company also experienced $ 7.3 million in unfavorable foreign currency effects in 2016 compared to 2015 primarily resulting from sales denominated in chinese renminbi . story_separator_special_tag million , or 7 % , in 2015 compared to 2014 primarily due to net unfavorable currency effects of $ 32.8 million primarily from sales denominated in the euro . excluding currency effects , european sales increased $ 21.5 million , or 13 % , reflecting strong demand across all segments . automotive sales decreased $ 6.9 million , or 7 % , in 2015 reflecting net unfavorable currency effects . excluding currency effects , automotive sales increased $ 14.2 million , or 13 % , reflecting strong demand for automotive sensor products . electronics sales decreased $ 3.7 million , or 7 % , reflecting the impact of net unfavorable currency effects . excluding currency effects , electronics sales increased $ 6.6 million , or 13 % , reflecting strong demand for semiconductor products . industrial sales decreased $ 0.7 million , or 10 % , in 2015 primarily from the impact of net unfavorable currency effects . excluding currency effects , industrial sales increased $ 0.7 million , or 10 % . 24 asia-pacific asia-pacific sales increased $ 3.6 million , or 1 % , in 2015 compared to 2014 primarily due to increased demand for automotive and industrial products offset by lower electronics sales . net unfavorable currency effects amounted to $ 2.5 million . excluding currency effects , asia-pacific sales increased $ 6.1 million , or 2 % . electronics sales decreased $ 4.1 million , or 2 % , reflecting weakness in the taiwan , japan , and korea markets . automotive sales increased $ 6.4 million , or 11 % , reflecting continued increased demand for passenger vehicles in china as well as gains in market share . industrial sales increased $ 1.4 million , or 19 % . liquidity and capital resources as of december 31 , 2016 , $ 266.7 million of the $ 275.1 million of the company 's cash and cash equivalents was held by foreign subsidiaries . of the $ 266.7 million held by foreign subsidiaries , at least $ 50 million can be repatriated with minimal tax consequences , considering both u.s. and foreign taxes . other than amounts which can be repatriated with minimal tax consequences , the company expects to maintain its foreign cash balances for local operating requirements , to provide funds for future capital expenditures and for potential acquisitions and does not expect to repatriate these funds to the u.s. the company has historically supported its liquidity needs through cash flows from operations . management expects that the company 's ( i ) current level of cash , cash equivalents , and marketable securities , ( ii ) current and forecasted cash flows from operations , ( iii ) availability under existing funding arrangements , and ( iv ) access to capital in the capital markets will provide sufficient funds to support the company 's operations , capital expenditures , investments , and debt obligations on both a short-term and long-term basis . revolving credit facility/term loan on march 4 , 2016 , the company entered into a new five-year credit agreement with a group of lenders for up to $ 700.0 million and terminated the company 's previous credit agreement . the new credit agreement consists of an unsecured revolving credit facility of $ 575.0 million and an unsecured term loan credit facility of up to $ 125.0 million . in addition , the company has the ability , from time to time , to increase the size of the revolving credit facility and the term loan facility by up to an additional $ 150.0 million , in the aggregate , in each case in minimum increments of $ 25.0 million , subject to certain conditions and the agreement of participating lenders . for the term loan credit facility , the company is required to make quarterly principal payments of $ 1.6 million through march 31 , 2018 and $ 3.1 million from june 30 , 2018 through december 31 , 2020 with the remaining balance due on march 4 , 2021. outstanding borrowings under the credit agreement bear interest , at the company 's option , at either libor , fixed for interest periods of one , two , three or six month periods , plus 1.00 % to 2.00 % , or at the bank 's base rate , as defined , plus 0.00 % to 1.00 % , based upon the company 's consolidated leverage ratio , as defined . the company is also required to pay commitment fees on unused portions of the credit agreement ranging from 0.15 % to 0.30 % , based on the consolidated leverage ratio , as defined . the effective interest rate on outstanding borrowings under the credit facility was 2.27 % at december 31 , 2016. as of december 31 , 2016 , the company had $ 0.1 million outstanding in letters of credit and had available $ 462.4 million of borrowing capacity under the revolving credit facility . further information regarding the company 's credit agreement is provided in note 8 , debt , of the notes to consolidated financial statements included in this annual report . senior notes on december 8 , 2016 , the company entered into a note purchase agreement , pursuant to which the company issued and sold 212 million aggregate principal amount of senior notes in two series . the funding date for the euro denominated senior notes occurred on december 8 , 2016 for 117 million in aggregate amount of 1.14 % senior notes , series a , due december 8 , 2023 , and 95 million in aggregate amount of 1.83 % senior notes , series b due december 8 , 2028 ( together , the “ euro senior notes ” ) . interest on the euro senior notes is payable semiannually on june 8 and december 8 , commencing june 8 , 2017. on december 8 , 2016 , the company entered into a

debt , of the notes to consolidated financial statements included in this annual report . 25 cash flow overview replace_table_token_11_th cash flow from operating activities net cash provided by operating activities increased $ 14.3 million in 2016 compared to 2015. cash provided by operating activities in 2016 included $ 104.5 million in net income , $ 83.0 million in non-cash adjustments ( primarily $ 53.1 million in depreciation and amortization ) and $ 7.4 million of unfavorable changes in operating assets and liabilities . changes in operating assets and liabilities ( including short-term and long-term items ) that negatively impacted cash flows in 2016 consisted of changes in accounts receivable ( $ 25.2 million ) , accrued taxes ( $ 18.1 million ) and prepaid expenses and other ( $ 0.3 million ) . the increase in accounts receivable reflects increased sales in 2016 compared to the prior year . positively impacting cash flows were changes in inventory ( $ 8.5 million ) , accrued expenses including post-retirement ( $ 2.3 million ) , accounts payable ( $ 19.2 million ) and accrued payroll and severance ( $ 6.1 million ) . cash flow from investing activities net cash used in investing activities increased $ 467.1 million in 2016 compared to 2015 primarily due to the acquisitions of polyswitch ( $ 344.5 million , net of cash acquired ) , the on portfolio business ( $ 104.0 million ) , and menber 's ( $ 19.2 million ) . cash flow from financing activities net cash provided by financing activities increased $ 351.9 million in 2016 compared to 2015. the increase was primarily due to an increase in net proceeds from debt of $ 314.8 million in 2016 compared to 2015. in march the company replaced its credit agreement with a new agreement and in december the company received proceeds from the issuance of senior notes . also contributing to the increase in comparative periods was the use of cash for the share repurchase in 2015 of $ 31.3 million . information regarding the company 's debt is provided in note 8 , debt , of the notes to consolidated financial statements included in this annual report .


 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.
     ```debt , of the notes to consolidated financial statements included in this annual report . 25 cash flow overview replace_table_token_11_th cash flow from operating activities net cash provided by operating activities increased $ 14.3 million in 2016 compared to 2015. cash provided by operating activities in 2016 included $ 104.5 million in net income , $ 83.0 million in non-cash adjustments ( primarily $ 53.1 million in depreciation and amortization ) and $ 7.4 million of unfavorable changes in operating assets and liabilities . changes in operating assets and liabilities ( including short-term and long-term items ) that negatively impacted cash flows in 2016 consisted of changes in accounts receivable ( $ 25.2 million ) , accrued taxes ( $ 18.1 million ) and prepaid expenses and other ( $ 0.3 million ) . the increase in accounts receivable reflects increased sales in 2016 compared to the prior year . positively impacting cash flows were changes in inventory ( $ 8.5 million ) , accrued expenses including post-retirement ( $ 2.3 million ) , accounts payable ( $ 19.2 million ) and accrued payroll and severance ( $ 6.1 million ) . cash flow from investing activities net cash used in investing activities increased $ 467.1 million in 2016 compared to 2015 primarily due to the acquisitions of polyswitch ( $ 344.5 million , net of cash acquired ) , the on portfolio business ( $ 104.0 million ) , and menber 's ( $ 19.2 million ) . cash flow from financing activities net cash provided by financing activities increased $ 351.9 million in 2016 compared to 2015. the increase was primarily due to an increase in net proceeds from debt of $ 314.8 million in 2016 compared to 2015. in march the company replaced its credit agreement with a new agreement and in december the company received proceeds from the issuance of senior notes . also contributing to the increase in comparative periods was the use of cash for the share repurchase in 2015 of $ 31.3 million . information regarding the company 's debt is provided in note 8 , debt , of the notes to consolidated financial statements included in this annual report .
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 Suspicious Activity Report : ● on april 4 , 2016 , the company acquired 100 % of menber 's for $ 19.2 million , net of cash acquired and after settlement of a working capital adjustment . located in legnago , italy , menber 's specializes in the design , manufacturing , and selling of manual and electrical battery switches and trailer connectors for commercial vehicles . the acquisition expands the company 's commercial vehicle platform globally . ● on march 25 , 2016 , the company acquired polyswitch , the circuit protection business of te connectivity ltd. , for $ 348.3 million , net of cash acquired and after settlement of certain post-closing adjustments . polyswitch has operations in fremont , california and manufacturing facilities in shanghai and kunshan , china , and tsukuba , japan . the acquisition allows the company to strengthen its global circuit protection product portfolio , as well as strengthen its presence in the automotive electronics and battery end markets . the acquisition also significantly increases the company 's presence in japan . ● on october 1 , 2015 , the company acquired 100 % of sigmar . the total purchase price for sigmar was $ 6.5 million , net of cash acquired and including estimated additional net payments of up to $ 0.9 million , a portion of which is subject to the achievement of certain milestones . located in ozegna , italy , sigmar is a leading global manufacturer of water-in-fuel and scr quality sensors , as well as diesel fuel heaters , solenoid valves , and rotating oil filters for automotive and commercial vehicle applications . the acquisition further expands the company 's automotive sensor product line offerings . ● financing – the company increased its already strong liquidity position during 2016. cash flow from operations was $ 180.1 million for 2016 , which was a 9 % increase compared to the prior year . in march 2016 , the company completed the refinancing of its credit facility , increasing capacity to $ 700 million with the potential for future increases of up to an additional $ 150 million and extending the maturity to march 2021. in december 2016 , the company completed a private placement of approximately $ 350 million of senior notes denominated in both u.s. dollars and euros , a portion of which was funded in december with the remaining funding occurring in february 2017. the senior notes range from five to twelve year maturities and have an average interest rate of approximately 2.25 % . ● asset impairment – during 2016 , the potash mining industry experienced a continued decline in market pricing . due to this continuing decline in potash pricing , the custom products reporting unit recognized charges of $ 14.8 million to write down the reporting unit 's carrying value . the charges included a goodwill impairment loss of $ 8.8 million and intangible assets impairments aggregating $ 6.0 million , including a $ 3.8 million reduction of the custom products trade names to a $ 0.7 million remaining value and a $ 2.2 million reduction of the reporting unit 's customer relationships to zero value . ● outlook – sales for the first quarter of 2017 are expected to be in the range of $ 277 to $ 287 million which represents 29 % revenue growth over the first quarter of 2016 , at the midpoint of the range . results of operations — 2016 compared with 2015 the following table summarizes the company 's consolidated results of operations for periods presented . the fiscal year 2016 includes approximately $ 50 . 0 million of non-segment charges . these included $ 14.8 million of charges related to the impairment of the custom products reporting unit , $ 21.4 million of acquisition and integration costs associated with the company 's 2016 acquisitions , primarily polyswitch , $ 7.8 million of non-cash fair value step-up inventory charges relating to the company 's 2016 acquisitions , primarily polyswitch , as described in note 3 , acquisitions , of the notes to consolidated financial statements included in this annual report , $ 1.9 million in charges related to the closure of the company 's manufacturing facility in denmark , $ 1.6 million related to the company 's transfer of its reed sensor manufacturing operations from the u.s. and china to the philippines , and $ 2.5 million related to restructuring costs . 19 fiscal year 2015 includes approximately $ 45.2 million of other non-segment charges . these included $ 5.2 million related to the company 's transfer of its reed sensor manufacturing operations from the u.s. and china to the philippines , $ 3.6 million related to restructuring , $ 4.6 million related to acquisition costs and $ 31.9 million of expense related to the planned termination of the u.s. pension as described in note 10 , benefit plans , of the notes to consolidated financial statements included in this annual report . fiscal year 2016 also included approximately $ 0.5 million in foreign currency expenses primarily attributable to changes in the value of the euro , philippine peso and chinese renminbi against the u.s. dollar , while fiscal year 2015 also included $ 1.5 million in foreign currency gains primarily attributable to changes in the value of both the euro and philippine peso against the u.s. dollar . replace_table_token_5_th sales net sales for 2016 of $ 1,056.2 million increased $ 188.3 million , or 22 % , compared to the prior year , reflecting $ 170.2 million of incremental revenues from businesses acquired over the previous two years as well as organic growth in the electronics and automotive segments , partially offset by lower sales from the industrial segment due to weaker end markets . the company also experienced $ 7.3 million in unfavorable foreign currency effects in 2016 compared to 2015 primarily resulting from sales denominated in chinese renminbi . story_separator_special_tag million , or 7 % , in 2015 compared to 2014 primarily due to net unfavorable currency effects of $ 32.8 million primarily from sales denominated in the euro . excluding currency effects , european sales increased $ 21.5 million , or 13 % , reflecting strong demand across all segments . automotive sales decreased $ 6.9 million , or 7 % , in 2015 reflecting net unfavorable currency effects . excluding currency effects , automotive sales increased $ 14.2 million , or 13 % , reflecting strong demand for automotive sensor products . electronics sales decreased $ 3.7 million , or 7 % , reflecting the impact of net unfavorable currency effects . excluding currency effects , electronics sales increased $ 6.6 million , or 13 % , reflecting strong demand for semiconductor products . industrial sales decreased $ 0.7 million , or 10 % , in 2015 primarily from the impact of net unfavorable currency effects . excluding currency effects , industrial sales increased $ 0.7 million , or 10 % . 24 asia-pacific asia-pacific sales increased $ 3.6 million , or 1 % , in 2015 compared to 2014 primarily due to increased demand for automotive and industrial products offset by lower electronics sales . net unfavorable currency effects amounted to $ 2.5 million . excluding currency effects , asia-pacific sales increased $ 6.1 million , or 2 % . electronics sales decreased $ 4.1 million , or 2 % , reflecting weakness in the taiwan , japan , and korea markets . automotive sales increased $ 6.4 million , or 11 % , reflecting continued increased demand for passenger vehicles in china as well as gains in market share . industrial sales increased $ 1.4 million , or 19 % . liquidity and capital resources as of december 31 , 2016 , $ 266.7 million of the $ 275.1 million of the company 's cash and cash equivalents was held by foreign subsidiaries . of the $ 266.7 million held by foreign subsidiaries , at least $ 50 million can be repatriated with minimal tax consequences , considering both u.s. and foreign taxes . other than amounts which can be repatriated with minimal tax consequences , the company expects to maintain its foreign cash balances for local operating requirements , to provide funds for future capital expenditures and for potential acquisitions and does not expect to repatriate these funds to the u.s. the company has historically supported its liquidity needs through cash flows from operations . management expects that the company 's ( i ) current level of cash , cash equivalents , and marketable securities , ( ii ) current and forecasted cash flows from operations , ( iii ) availability under existing funding arrangements , and ( iv ) access to capital in the capital markets will provide sufficient funds to support the company 's operations , capital expenditures , investments , and debt obligations on both a short-term and long-term basis . revolving credit facility/term loan on march 4 , 2016 , the company entered into a new five-year credit agreement with a group of lenders for up to $ 700.0 million and terminated the company 's previous credit agreement . the new credit agreement consists of an unsecured revolving credit facility of $ 575.0 million and an unsecured term loan credit facility of up to $ 125.0 million . in addition , the company has the ability , from time to time , to increase the size of the revolving credit facility and the term loan facility by up to an additional $ 150.0 million , in the aggregate , in each case in minimum increments of $ 25.0 million , subject to certain conditions and the agreement of participating lenders . for the term loan credit facility , the company is required to make quarterly principal payments of $ 1.6 million through march 31 , 2018 and $ 3.1 million from june 30 , 2018 through december 31 , 2020 with the remaining balance due on march 4 , 2021. outstanding borrowings under the credit agreement bear interest , at the company 's option , at either libor , fixed for interest periods of one , two , three or six month periods , plus 1.00 % to 2.00 % , or at the bank 's base rate , as defined , plus 0.00 % to 1.00 % , based upon the company 's consolidated leverage ratio , as defined . the company is also required to pay commitment fees on unused portions of the credit agreement ranging from 0.15 % to 0.30 % , based on the consolidated leverage ratio , as defined . the effective interest rate on outstanding borrowings under the credit facility was 2.27 % at december 31 , 2016. as of december 31 , 2016 , the company had $ 0.1 million outstanding in letters of credit and had available $ 462.4 million of borrowing capacity under the revolving credit facility . further information regarding the company 's credit agreement is provided in note 8 , debt , of the notes to consolidated financial statements included in this annual report . senior notes on december 8 , 2016 , the company entered into a note purchase agreement , pursuant to which the company issued and sold 212 million aggregate principal amount of senior notes in two series . the funding date for the euro denominated senior notes occurred on december 8 , 2016 for 117 million in aggregate amount of 1.14 % senior notes , series a , due december 8 , 2023 , and 95 million in aggregate amount of 1.83 % senior notes , series b due december 8 , 2028 ( together , the “ euro senior notes ” ) . interest on the euro senior notes is payable semiannually on june 8 and december 8 , commencing june 8 , 2017. on december 8 , 2016 , the company entered into a

