acs is a provider of supply chain management solutions for a broad range of production components through its service centers throughout north america . the company recorded a gain of $ 2.2 million representing the excess of the aggregate fair value of purchased net assets over the purchase price . see note c to the consolidated financial statements included elsewhere herein . on september 30 , 2010 , the company entered a bill of sale with rome , a producer of aluminum high pressure die castings , pursuant to which rome agreed to transfer to the company substantially all of its assets in exchange for approximately $ 7.5 million of notes receivable due from rome held by the company . see note c to the consolidated financial statements included elsewhere herein . on december 31 , 2010 , the company through its subsidiary , ajax tocco magnethermic , acquired the assets and the related induction heating intellectual property of pillar for $ 10.3 million in cash . pillar provides complete turnkey automated induction power systems and aftermarket parts and service to a worldwide market . see note c to the consolidated financial statements included elsewhere herein . during the third quarter of 2010 , the company recorded an asset impairment charge of $ 3.5 million related to the writedown of one of its investments . on april 7 , 2011 , the company completed the sale of $ 250 million aggregate principal amount of the notes . the notes bear an interest rate of 8.125 % per annum , payable semi-annually in arrears on april 1 and october 1 of each year commencing on october 1 , 2011. the notes mature on april 1 , 2021. in connection with the sale of the notes , the company also entered into the amended credit agreement . the amended credit agreement among other things , provides an increased credit facility up to $ 200 million , extends the maturity date of the borrowings under the facility to april 7 , 2016 and amends fee and pricing terms . furthermore , the company has the option , pursuant to the amended credit agreement , to increase the availability under the revolving credit facility by $ 50 million . the company also purchased all of its outstanding $ 183.8 million aggregate principal amount of the senior subordinated notes that were not held by its affiliates pursuant to a tender offer and subsequent redemption , repaid all of the term loan a and term loan b outstanding under its then existing credit facility and retired the senior subordinated notes in the aggregate principal amount of $ 26.2 million that were held by an affiliate . the company incurred debt extinguishment costs related to premiums and other transaction costs associated with the tender offer and subsequent redemption of the senior subordinated notes and wrote off deferred financing costs totaling $ 7.3 million and recorded a provision for foreign income taxes of $ 2.1 million resulting from the retirement of the senior subordinated notes that were held by an affiliate . during the third quarter of 2011 , the company recorded an asset impairment charge of $ 5.4 million associated with the underperformance of the assets of its rubber products business unit . 27 on march 5 , 2012 , the company entered into an agreement to acquire frs , a leading manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies , in an all cash transaction valued at $ 97.5 million . frs products include fuel filler , hydraulic , and thermoplastic assemblies and several forms of manufactured hose including bulk and formed fuel , power steering , transmission oil cooling , hydraulic and thermoplastic hose . frs sells to automotive and industrial customers throughout north america , europe and asia . frs has five production facilities located in florida , michigan , ohio , tennessee and the czech republic . the transaction is expected to close by march 30 , 2012 subject to a number of customary conditions , including the expiration of waiting periods and the receipt of approvals under hart-scott-rodino antitrust improvements act . the transaction is expected to be funded by the company 's cash of $ 40.0 million ( $ 10.0 million domestic and $ 30.0 million foreign ) , a new $ 25.0 million seven-year amortizing term loan secured by certain real estate and machinery and equipment of the company for which the company has received a commitment letter from its bank group and $ 32.5 million of borrowings under the company 's revolving credit facility . results of operations 2011 versus 2010 net sales by segment : replace_table_token_7_th net sales increased $ 153.1 million to $ 966.6 million in 2011 compared to $ 813.5 million in 2010 as the company experienced volume increases in the supply technologies and manufactured products segments . supply technologies sales increased 23 % primarily due to volume ( $ 53.8 million ) increases in the heavy-duty truck , electrical , industrial equipment , auto , power sports , hvac , furniture , agricultural and construction equipment industries and price increases of $ 7.3 million , which were offset primarily by declines in the instruments , medical and semi-conductor industries . in addition , there were $ 29.8 million of incremental sales resulting from the acquisition of the acs business . aluminum products sales decreased 12 % , resulting primarily from the completion of certain automotive supply contracts ( $ 31.7 million ) offset by sales of $ 9.6 million resulting from the acquisition of the rome business and price increases of $ 5.4 million . manufactured products sales increased 29 % primarily due to increased business in the capital equipment and forged and machined products business units offset by a minor decline in the rubber products business unit . in addition , there were $ 26.3 million of incremental sales resulting from the acquisition of pillar . story_separator_special_tag a reporting unit is a reportable operating segment pursuant to asc 280 , segment reporting , or one level below the reportable operating segment ( component level ) as determined by the availability of discrete financial information that is regularly reviewed by operating segment management or an aggregate of component levels of a reportable operating segment having similar economic characteristics . the company completed the assessment of the qualitative factors and determined that there was no impairment with respect to the capital equipment reporting unit 's goodwill . with respect to aluminum products , management determined fair value through the use of a discounted cash flow valuation model incorporating discount rates commensurate with the risks involved for the reporting unit . if the calculated fair value is less than the carrying value , impairment of the reporting unit may exist . the use of a discounted cash flow valuation model to determine estimated fair value is common practice in impairment testing in the absence of available domestic and international transactional market evidence to determine the fair value . the key assumptions used in the discounted cash flow valuation model for impairment testing include discount rates , growth rates , cash flow projections and terminal value rates . discount rates are set by using the weighted average cost of capital ( wacc ) methodology . the wacc methodology considers market and industry data as well as company-specific risk factors for each reporting unity in determining the appropriate discount rates to be used . the discount rate utilized for the reporting unit , which ranged from 12 % to 13 % , is indicative of the return an investor would expect to receive for investing in such a business . 37 operational management , considering industry and company-specific historical and projected data , develops growth rates and cash flow projections . terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant wacc and low long-term growth rates . at december 31 , 2009 , the company had goodwill of $ 4.1 million in the capital equipment reporting unit . on december 31 , 2010 , the company completed the acquisition of pillar and recorded additional goodwill of $ 1.0 million in the capital equipment reporting unit . at december 31 , 2011 the company had goodwill of $ 9.5 million . we completed the annual impairment tests as of october 1 , 2009 , 2010 and 2011 and concluded that no goodwill impairment existed . income taxes : in accordance with asc 740 , income taxes ( asc 740 ) , the company accounts for income taxes under the asset and liability method , whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the currently enacted tax rates . specifically , we measure gross deferred tax assets for deductible temporary differences and carryforwards , such as operating losses and tax credits , using the applicable enacted tax rates and apply the more likely than not measurement criterion . asc 740 provides that future realization of the tax benefit of an existing deductible temporary difference or carryforward ultimately depends on the existence of sufficient taxable income of the appropriate character within the carryback , carryforward period available under the tax law . the company analyzed the four possible sources of taxable income as set forth in asc 740 and concluded that the only relevant sources of taxable income is the reversal of its existing taxable temporary differences . the company reviewed the projected timing of the reversal of its taxable temporary differences and determined that such reversals will offset the company 's deferred tax assets prior to their expiration . as of december 31 , 2011 , the company was not in a cumulative three-year loss position and it was determined that it was more likely than not that its u.s. net deferred tax assets will be realized . as of december 31 , 2011 , the company reversed a valuation allowance against its u.s. net deferred tax assets . see note h to the consolidated financial statements included elsewhere herein . pension and other postretirement benefit plans : we and our subsidiaries have pension plans , principally noncontributory defined benefit or noncontributory defined contribution plans and postretirement benefit plans covering substantially all employees . the measurement of liabilities related to these plans is based on management 's assumptions related to future events , including interest rates , return on pension plan assets , rate of compensation increases , and health care cost trends . pension plan asset performance in the future will directly impact our net income . we have evaluated our pension and other postretirement benefit assumptions , considering current trends in interest rates and market conditions and believe our assumptions are appropriate . stock-based compensation : asc 718 , compensation-stock compensation ,  requires that the cost resulting from all share-based payment transactions be recognized in the financial statements and establishes a fair-value measurement objective in determining the value of such a cost . the company recorded expense related to stock-based compensation in 2011 , 2010 , and 2009 of $ 2.1 million , $ 1.7 million and $ 2.4 million ( before tax ) , respectively . 38 recent accounting pronouncements in june 2011 , the fasb issued asu no . 2011-05 , comprehensive income ( topic 220 ) : presentation of comprehensive income. asu no . 2011-05 amends existing guidance by allowing only two options for presenting the components of net income and other comprehensive income : ( 1 ) in a single continuous financial statement , statement of comprehensive income or ( 2 ) in two separate but consecutive financial statements , consisting of an income statement followed by a separate statement of other comprehensive income . also , items that are reclassified

liquidity and sources of capital our liquidity needs are primarily for working capital and capital expenditures . our primary sources of liquidity have been funds provided by operations and funds available from existing bank credit arrangements and the sale of our long-term debt securities . in 2003 , we entered into a revolving credit facility with a group of banks which , as subsequently amended , matures at april 7 , 2016 and , as amended , currently provides for availability of up to $ 200 million subject to an asset-based formula . we have the option to increase the availability under the revolving loan portion of the credit facility by $ 50.0 million . the revolving credit facility is secured by substantially all our accounts receivable and inventory in the united states and canada . borrowings from this revolving credit facility will be used for general corporate purposes . as of december 31 , 2011 , the company had $ 93.0 million outstanding under the revolving credit facility , and approximately $ 68.1 million of unused borrowing availability . on march 5 , 2012 , the company entered into an agreement to acquire frs , a leading manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies , in an all cash transaction valued at $ 97.5 million . frs products include fuel filler , hydraulic , and thermoplastic assemblies and several forms of manufactured hose including bulk and formed fuel , power steering , transmission oil cooling , hydraulic and thermoplastic hose . frs sells to automotive and industrial customers throughout north america , europe and asia . frs has five production facilities located in florida , michigan , ohio , tennessee and the czech republic . the transaction is expected to close by march 30 , 2012 subject to a number of customary conditions , including the expiration of waiting periods and the receipt of approvals under hart-scott-rodino antitrust improvements act .


 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 sources of capital our liquidity needs are primarily for working capital and capital expenditures . our primary sources of liquidity have been funds provided by operations and funds available from existing bank credit arrangements and the sale of our long-term debt securities . in 2003 , we entered into a revolving credit facility with a group of banks which , as subsequently amended , matures at april 7 , 2016 and , as amended , currently provides for availability of up to $ 200 million subject to an asset-based formula . we have the option to increase the availability under the revolving loan portion of the credit facility by $ 50.0 million . the revolving credit facility is secured by substantially all our accounts receivable and inventory in the united states and canada . borrowings from this revolving credit facility will be used for general corporate purposes . as of december 31 , 2011 , the company had $ 93.0 million outstanding under the revolving credit facility , and approximately $ 68.1 million of unused borrowing availability . on march 5 , 2012 , the company entered into an agreement to acquire frs , a leading manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies , in an all cash transaction valued at $ 97.5 million . frs products include fuel filler , hydraulic , and thermoplastic assemblies and several forms of manufactured hose including bulk and formed fuel , power steering , transmission oil cooling , hydraulic and thermoplastic hose . frs sells to automotive and industrial customers throughout north america , europe and asia . frs has five production facilities located in florida , michigan , ohio , tennessee and the czech republic . the transaction is expected to close by march 30 , 2012 subject to a number of customary conditions , including the expiration of waiting periods and the receipt of approvals under hart-scott-rodino antitrust improvements act .
```    
 Suspicious Activity Report : acs is a provider of supply chain management solutions for a broad range of production components through its service centers throughout north america . the company recorded a gain of $ 2.2 million representing the excess of the aggregate fair value of purchased net assets over the purchase price . see note c to the consolidated financial statements included elsewhere herein . on september 30 , 2010 , the company entered a bill of sale with rome , a producer of aluminum high pressure die castings , pursuant to which rome agreed to transfer to the company substantially all of its assets in exchange for approximately $ 7.5 million of notes receivable due from rome held by the company . see note c to the consolidated financial statements included elsewhere herein . on december 31 , 2010 , the company through its subsidiary , ajax tocco magnethermic , acquired the assets and the related induction heating intellectual property of pillar for $ 10.3 million in cash . pillar provides complete turnkey automated induction power systems and aftermarket parts and service to a worldwide market . see note c to the consolidated financial statements included elsewhere herein . during the third quarter of 2010 , the company recorded an asset impairment charge of $ 3.5 million related to the writedown of one of its investments . on april 7 , 2011 , the company completed the sale of $ 250 million aggregate principal amount of the notes . the notes bear an interest rate of 8.125 % per annum , payable semi-annually in arrears on april 1 and october 1 of each year commencing on october 1 , 2011. the notes mature on april 1 , 2021. in connection with the sale of the notes , the company also entered into the amended credit agreement . the amended credit agreement among other things , provides an increased credit facility up to $ 200 million , extends the maturity date of the borrowings under the facility to april 7 , 2016 and amends fee and pricing terms . furthermore , the company has the option , pursuant to the amended credit agreement , to increase the availability under the revolving credit facility by $ 50 million . the company also purchased all of its outstanding $ 183.8 million aggregate principal amount of the senior subordinated notes that were not held by its affiliates pursuant to a tender offer and subsequent redemption , repaid all of the term loan a and term loan b outstanding under its then existing credit facility and retired the senior subordinated notes in the aggregate principal amount of $ 26.2 million that were held by an affiliate . the company incurred debt extinguishment costs related to premiums and other transaction costs associated with the tender offer and subsequent redemption of the senior subordinated notes and wrote off deferred financing costs totaling $ 7.3 million and recorded a provision for foreign income taxes of $ 2.1 million resulting from the retirement of the senior subordinated notes that were held by an affiliate . during the third quarter of 2011 , the company recorded an asset impairment charge of $ 5.4 million associated with the underperformance of the assets of its rubber products business unit . 27 on march 5 , 2012 , the company entered into an agreement to acquire frs , a leading manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies , in an all cash transaction valued at $ 97.5 million . frs products include fuel filler , hydraulic , and thermoplastic assemblies and several forms of manufactured hose including bulk and formed fuel , power steering , transmission oil cooling , hydraulic and thermoplastic hose . frs sells to automotive and industrial customers throughout north america , europe and asia . frs has five production facilities located in florida , michigan , ohio , tennessee and the czech republic . the transaction is expected to close by march 30 , 2012 subject to a number of customary conditions , including the expiration of waiting periods and the receipt of approvals under hart-scott-rodino antitrust improvements act . the transaction is expected to be funded by the company 's cash of $ 40.0 million ( $ 10.0 million domestic and $ 30.0 million foreign ) , a new $ 25.0 million seven-year amortizing term loan secured by certain real estate and machinery and equipment of the company for which the company has received a commitment letter from its bank group and $ 32.5 million of borrowings under the company 's revolving credit facility . results of operations 2011 versus 2010 net sales by segment : replace_table_token_7_th net sales increased $ 153.1 million to $ 966.6 million in 2011 compared to $ 813.5 million in 2010 as the company experienced volume increases in the supply technologies and manufactured products segments . supply technologies sales increased 23 % primarily due to volume ( $ 53.8 million ) increases in the heavy-duty truck , electrical , industrial equipment , auto , power sports , hvac , furniture , agricultural and construction equipment industries and price increases of $ 7.3 million , which were offset primarily by declines in the instruments , medical and semi-conductor industries . in addition , there were $ 29.8 million of incremental sales resulting from the acquisition of the acs business . aluminum products sales decreased 12 % , resulting primarily from the completion of certain automotive supply contracts ( $ 31.7 million ) offset by sales of $ 9.6 million resulting from the acquisition of the rome business and price increases of $ 5.4 million . manufactured products sales increased 29 % primarily due to increased business in the capital equipment and forged and machined products business units offset by a minor decline in the rubber products business unit . in addition , there were $ 26.3 million of incremental sales resulting from the acquisition of pillar . story_separator_special_tag a reporting unit is a reportable operating segment pursuant to asc 280 , segment reporting , or one level below the reportable operating segment ( component level ) as determined by the availability of discrete financial information that is regularly reviewed by operating segment management or an aggregate of component levels of a reportable operating segment having similar economic characteristics . the company completed the assessment of the qualitative factors and determined that there was no impairment with respect to the capital equipment reporting unit 's goodwill . with respect to aluminum products , management determined fair value through the use of a discounted cash flow valuation model incorporating discount rates commensurate with the risks involved for the reporting unit . if the calculated fair value is less than the carrying value , impairment of the reporting unit may exist . the use of a discounted cash flow valuation model to determine estimated fair value is common practice in impairment testing in the absence of available domestic and international transactional market evidence to determine the fair value . the key assumptions used in the discounted cash flow valuation model for impairment testing include discount rates , growth rates , cash flow projections and terminal value rates . discount rates are set by using the weighted average cost of capital ( wacc ) methodology . the wacc methodology considers market and industry data as well as company-specific risk factors for each reporting unity in determining the appropriate discount rates to be used . the discount rate utilized for the reporting unit , which ranged from 12 % to 13 % , is indicative of the return an investor would expect to receive for investing in such a business . 37 operational management , considering industry and company-specific historical and projected data , develops growth rates and cash flow projections . terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period assuming a constant wacc and low long-term growth rates . at december 31 , 2009 , the company had goodwill of $ 4.1 million in the capital equipment reporting unit . on december 31 , 2010 , the company completed the acquisition of pillar and recorded additional goodwill of $ 1.0 million in the capital equipment reporting unit . at december 31 , 2011 the company had goodwill of $ 9.5 million . we completed the annual impairment tests as of october 1 , 2009 , 2010 and 2011 and concluded that no goodwill impairment existed . income taxes : in accordance with asc 740 , income taxes ( asc 740 ) , the company accounts for income taxes under the asset and liability method , whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the currently enacted tax rates . specifically , we measure gross deferred tax assets for deductible temporary differences and carryforwards , such as operating losses and tax credits , using the applicable enacted tax rates and apply the more likely than not measurement criterion . asc 740 provides that future realization of the tax benefit of an existing deductible temporary difference or carryforward ultimately depends on the existence of sufficient taxable income of the appropriate character within the carryback , carryforward period available under the tax law . the company analyzed the four possible sources of taxable income as set forth in asc 740 and concluded that the only relevant sources of taxable income is the reversal of its existing taxable temporary differences . the company reviewed the projected timing of the reversal of its taxable temporary differences and determined that such reversals will offset the company 's deferred tax assets prior to their expiration . as of december 31 , 2011 , the company was not in a cumulative three-year loss position and it was determined that it was more likely than not that its u.s. net deferred tax assets will be realized . as of december 31 , 2011 , the company reversed a valuation allowance against its u.s. net deferred tax assets . see note h to the consolidated financial statements included elsewhere herein . pension and other postretirement benefit plans : we and our subsidiaries have pension plans , principally noncontributory defined benefit or noncontributory defined contribution plans and postretirement benefit plans covering substantially all employees . the measurement of liabilities related to these plans is based on management 's assumptions related to future events , including interest rates , return on pension plan assets , rate of compensation increases , and health care cost trends . pension plan asset performance in the future will directly impact our net income . we have evaluated our pension and other postretirement benefit assumptions , considering current trends in interest rates and market conditions and believe our assumptions are appropriate . stock-based compensation : asc 718 , compensation-stock compensation ,  requires that the cost resulting from all share-based payment transactions be recognized in the financial statements and establishes a fair-value measurement objective in determining the value of such a cost . the company recorded expense related to stock-based compensation in 2011 , 2010 , and 2009 of $ 2.1 million , $ 1.7 million and $ 2.4 million ( before tax ) , respectively . 38 recent accounting pronouncements in june 2011 , the fasb issued asu no . 2011-05 , comprehensive income ( topic 220 ) : presentation of comprehensive income. asu no . 2011-05 amends existing guidance by allowing only two options for presenting the components of net income and other comprehensive income : ( 1 ) in a single continuous financial statement , statement of comprehensive income or ( 2 ) in two separate but consecutive financial statements , consisting of an income statement followed by a separate statement of other comprehensive income . also , items that are reclassified

