outdoor products & accessories segment gross sales of $ 171.7 million , which included $ 13.8 million of intersegment revenue , an increase of $ 31.0 million , or 22 % , over the prior fiscal year primarily because of the revenue generated as a result of the acquisitions in fiscal 2017 and 2018. organic gross sales in this segment grew 1.2 % . gross margin of 32.3 % , a decrease of 9.2 percentage points from the prior fiscal year . net income of $ 20.1 million , a decrease of $ 107.7 million , or 84.3 % , from the prior fiscal year . net income per diluted share of $ 0.37 , a decrease of $ 1.88 , or 83.6 % , from the prior fiscal year . 42 on december 22 , 2017 , the tax cuts and jobs act , or tax reform , was enacted in the united states . tax reform significantly revises the corporate federal income tax by , among other things , lowering corporate federal income tax rates , limiting various deductions , and repeal ing the domestic manufacturing deduction . we expect to see net benefits from the lower federal income tax rate although there are offsetting effects from other components of tax reform . on february 28 , 2018 , we issued an aggregate of $ 75.0 million of 5.000 % senior notes due 2020 , or the 2020 senior notes . we used the proceeds from the 2020 senior notes to redeem the 5.000 % senior notes due 2018 , or the 2018 senior notes , on march 8 , 2018. the 2020 senior notes have substantially the same terms and conditions as the redeemed 5.000 % senior notes . key performance indicators we evaluate the performance of our business based upon operating profit , which includes net sales , cost of sales , selling and administrative expenses , and certain components of other income and expense . we also track our return on invested capital , and we use adjusted ebitdas ( earnings before interest , taxes , depreciation , amortization , and stock-based compensation expense , excluding certain non-operational items ) , which is a non-gaap financial metric , as a supplemental measure of our performance in order to provide investors with an improved understanding of underlying performance trends . we evaluate our firearm products by such measurements as gross margin per unit produced , units produced per day , revenue by trade channel , and incoming orders per day . we evaluate our outdoor products and accessories products by such measurements as incoming orders per day and sales and gross margin by customer and brand . external factors that impact the firearm industry the firearm industry has been subject to many external factors in the past that have significantly increased the volatility of revenue generated for all companies within the industry . these factors include , among others , fears surrounding crime and terrorism ; tragic news events ; potential restrictions on the sale or makeup of firearms ; legislative and regulatory actions ; economic changes ; and changes in the social and political environment , including presidential elections . see item ia , risk factors , for further discussion of external factors that impact the firearm industry . although these external factors have created demand surges and volatility in the firearms market , and often making it difficult to predict demand , we believe that those external factors have also likely contributed to a long-term increase in consumer interest in firearms . this increased consumer interest has helped the firearm industry generate a ten-year compound annual growth rate in units of 12.0 % according to the u.s. bureau of alcohol , tobacco , firearms and explosives , or atf . we believe that this expanding base of consumers combined with our strong brand recognition and attractive price points are important factors in our goal to continue increasing our market share . based on data from calendar 2016 , we estimate that we have a 16.7 % share of the u.s. consumer market for handguns . this compares with approximately 10 % in the period just prior to our acquisition of smith & wesson corp. in 2001. results of operations net sales the following table sets forth certain information regarding net sales for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( dollars in thousands ) : replace_table_token_3_th 43 the following table sets forth certain information regarding trade channel net sales for the fiscal years end ed april 30 , 2018 , 2017 , and 2016 ( dollars in thousands ) : replace_table_token_4_th we include domestic handgun , long gun , and parts revenue as well as revenue from our outdoor products and accessories in our sporting goods distribution channel , and we include international and law enforcement handgun , long gun , and handcuff revenue in our professional channel . we include specialty services and plastic injection molding revenue in other products and services . the following table sets forth certain information regarding firearm units shipped by trade channel for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( units in thousands ) : replace_table_token_5_th fiscal 2018 net sales compared with fiscal 2017 net sales in our firearms segment for fiscal 2018 decreased 41.9 % from fiscal 2017. we had lower shipments across nearly all product categories as customer orders softened in light of excessive channel inventories at the beginning of the fiscal year combined with lower consumer demand potentially as a result of reduced political pressure on firearm laws and regulations ( as indicated by an 8.9 % reduction in adjusted background checks reported in the national instant criminal background check system , or nics ) . story_separator_special_tag profit . the effective tax rates were ( 14.3 % ) and 33.2 % for fiscal 2018 and 2017 , respectively . we estimate the impact of tax reform , based on currently available information and interpretations of the law , to be a benefit of $ 8.7 million . the majority of the tax benefit is due to remeasurement of deferred tax assets and liabilities at lower enacted corporate federal tax rates , which did not have a cash impact in fiscal 2018. the actual impact of tax reform may differ from this estimate , possibly materially , because of , among other things , changes in interpretations and assumptions we have made , guidance that may be issued , and actions we may take as a result of tax reform . excluding the impact of tax reform and other discrete items , our effective tax rate for the fiscal year ended april 30 , 2018 was 35.4 % . our fiscal 2017 income tax expense increased $ 12.3 million over fiscal 2016 because of higher operating profit . the decrease in the effective tax rate from fiscal 2016 was a result of our adoption of the new asu no . 2016-09 – compensation – stock compensation , which reduced our effective tax rate by 1.7 % . net income the following table sets forth certain information regarding net income and the related per share data for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( dollars in thousands , except per share data ) : replace_table_token_12_th 49 fiscal 2018 net income compared with fiscal 2017 net income of $ 20.1 million for fiscal 2018 was $ 107.7 million lower than net income of $ 127.9 million in the prior fiscal year , primarily because of lower firearm revenue , the negative impacts on gross margin discussed above , and increased operating expenses resulting from the 2017 acquisitions and 2018 acquisitions . acquisition-related expenses as a result of the 2018 acquisitions negatively impacted net income per diluted share by $ 0.01 per share . this was offset by the favorable impact of a lower effective tax rate as a result of tax reform , lower profit-related compensation expense , and acquisition-related expenses . fiscal 2017 net income compared with fiscal 2016 net income of $ 127.9 million for fiscal 2017 was $ 33.9 million higher than $ 94.0 million for fiscal 2016 , primarily because of higher revenue and gross margin in our firearms segment and lower interest expense . acquisition-related expenses as a result of the 2017 acquisitions negatively impacted net income per diluted share by $ 0.20 per share . story_separator_special_tag stock repurchase programs in the open market or in privately negotiated transactions , of which $ 50.0 million remained authorized for repurchase , as of april 30 , 2018. in fiscal 2017 , we repurchased 2.6 million shares of our common stock in the open market for $ 50.0 million utilizing a combination of cash on hand and borrowings under our revolving line . we did not repurchase any shares of our common stock during fiscal 2018. on june 15 , 2015 , we entered into a credit agreement that provides us with a $ 175.0 million revolving line and a $ 105.0 million term loan . the term loan matures on june 15 , 2020 , and our revolving line matures on october 27 , 2021. we had $ 25.0 million of borrowings on our revolving line and $ 87.7 million outstanding on our term loan as of april 30 , 2018. in june 2015 , we used the proceeds from the term loan to redeem the entire $ 100.0 million outstanding principal balance of our then outstanding 5.875 % senior notes , plus accrued and unpaid interest to the redemption date . see note 5 – notes and loans payable and financing arrangements in the notes to the consolidated financial statements for additional information regarding our credit facility . additional proceeds under the credit facility are expected to be used for general corporate purposes . 51 on june 18 , 2015 , we entered into an interest rate swap agreement , which expires on june 15 , 2020 , covering $ 105.0 million of floating rate debt under the term loan . on july 6 , 2015 , we executed an interest r ate swap pursuant to such agreement , which requires us to pay interest at a defined rate of 1.56 % while receiving interest at a defined variable rate of one-month libor ( 0.188 % at july 31 , 2015 ) . the notional amount of the interest rate swap was $ 105.0 mil lion and had an aggregate fair value of $ 2.1 million as of april 30 , 2018. this swap , when combined with the applicable margin based on our consolidated leverage ratio as of april 30 , 2018 , effectively fixed our interest rate on the term loan , subject to c hange based on changes in our consolidated leverage ratio . as of april 30 , 2018 , our interest rate on the term loan was 4.14 % . we do not expect the interest rate swap to have any material effect on earnings within the next 12 months . on october 27 , 2016 , we entered into a second amendment to our existing credit agreement with our lenders to expand our unsecured revolving line to $ 350.0 million with an option to increase the credit commitment for an additional $ 150.0 million and extended the maturity of the revolving line to october 27 , 2021. other than the changes described in the amendment , we remain subject to the terms of the credit agreement , as amended . we incurred $ 525,000 in debt issuance costs related to this amendment . during fiscal 2015 , we issued an aggregate of $ 75.0 million of 2018 senior notes to various institutional

liquidity and capital resources our principal cash requirements are to ( 1 ) finance the growth of our operations , including working capital and capital expenditures , ( 2 ) service our existing debt , and ( 3 ) fund any potential acquisitions . capital expenditures for material handling equipment and other capital projects to support our national logistics facility , various information technology projects , and tooling for new product offerings represent important cash needs . the following table sets forth certain cash flow information for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( dollars in thousands ) : replace_table_token_13_th operating activities operating activities represent the principal source of our cash flow . cash provided by operating activities was $ 61.6 million in fiscal 2018 , or $ 62.0 million lower than the prior fiscal year . cash generated by operating activities for fiscal 2018 was favorably impacted by net income of $ 72.2 million before depreciation and amortization as well as a $ 51.4 million decrease in accounts receivable due to lower sales volume and a reduction in promotional term offerings . cash generated by operating activities was partially offset by a $ 17.0 million increase in inventory because of lower firearm sales volumes and demand , $ 22.5 million of lower profit-related compensation accruals , $ 21.0 million of reduced accounts payable as a result of reduced manufacturing purchases , and an $ 8.6 million reduction in accrued expenses because of decreased promotional product discounts and rebate accruals . we anticipate that inventory levels will increase in our first quarter of fiscal 2019 due to seasonal trends and a planned inventory build to reduce the risk of shipping complications at the time that our national logistics facility becomes operational . cash generated by operating activities in fiscal 2017 was $ 123.6 million , or $ 45.0 million lower than in fiscal 2016. cash generated by operating activities for fiscal 2017 was favorably impacted by net income of $ 178.1 million before depreciation and amortization and $ 21.2


 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 our principal cash requirements are to ( 1 ) finance the growth of our operations , including working capital and capital expenditures , ( 2 ) service our existing debt , and ( 3 ) fund any potential acquisitions . capital expenditures for material handling equipment and other capital projects to support our national logistics facility , various information technology projects , and tooling for new product offerings represent important cash needs . the following table sets forth certain cash flow information for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( dollars in thousands ) : replace_table_token_13_th operating activities operating activities represent the principal source of our cash flow . cash provided by operating activities was $ 61.6 million in fiscal 2018 , or $ 62.0 million lower than the prior fiscal year . cash generated by operating activities for fiscal 2018 was favorably impacted by net income of $ 72.2 million before depreciation and amortization as well as a $ 51.4 million decrease in accounts receivable due to lower sales volume and a reduction in promotional term offerings . cash generated by operating activities was partially offset by a $ 17.0 million increase in inventory because of lower firearm sales volumes and demand , $ 22.5 million of lower profit-related compensation accruals , $ 21.0 million of reduced accounts payable as a result of reduced manufacturing purchases , and an $ 8.6 million reduction in accrued expenses because of decreased promotional product discounts and rebate accruals . we anticipate that inventory levels will increase in our first quarter of fiscal 2019 due to seasonal trends and a planned inventory build to reduce the risk of shipping complications at the time that our national logistics facility becomes operational . cash generated by operating activities in fiscal 2017 was $ 123.6 million , or $ 45.0 million lower than in fiscal 2016. cash generated by operating activities for fiscal 2017 was favorably impacted by net income of $ 178.1 million before depreciation and amortization and $ 21.2
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 Suspicious Activity Report : outdoor products & accessories segment gross sales of $ 171.7 million , which included $ 13.8 million of intersegment revenue , an increase of $ 31.0 million , or 22 % , over the prior fiscal year primarily because of the revenue generated as a result of the acquisitions in fiscal 2017 and 2018. organic gross sales in this segment grew 1.2 % . gross margin of 32.3 % , a decrease of 9.2 percentage points from the prior fiscal year . net income of $ 20.1 million , a decrease of $ 107.7 million , or 84.3 % , from the prior fiscal year . net income per diluted share of $ 0.37 , a decrease of $ 1.88 , or 83.6 % , from the prior fiscal year . 42 on december 22 , 2017 , the tax cuts and jobs act , or tax reform , was enacted in the united states . tax reform significantly revises the corporate federal income tax by , among other things , lowering corporate federal income tax rates , limiting various deductions , and repeal ing the domestic manufacturing deduction . we expect to see net benefits from the lower federal income tax rate although there are offsetting effects from other components of tax reform . on february 28 , 2018 , we issued an aggregate of $ 75.0 million of 5.000 % senior notes due 2020 , or the 2020 senior notes . we used the proceeds from the 2020 senior notes to redeem the 5.000 % senior notes due 2018 , or the 2018 senior notes , on march 8 , 2018. the 2020 senior notes have substantially the same terms and conditions as the redeemed 5.000 % senior notes . key performance indicators we evaluate the performance of our business based upon operating profit , which includes net sales , cost of sales , selling and administrative expenses , and certain components of other income and expense . we also track our return on invested capital , and we use adjusted ebitdas ( earnings before interest , taxes , depreciation , amortization , and stock-based compensation expense , excluding certain non-operational items ) , which is a non-gaap financial metric , as a supplemental measure of our performance in order to provide investors with an improved understanding of underlying performance trends . we evaluate our firearm products by such measurements as gross margin per unit produced , units produced per day , revenue by trade channel , and incoming orders per day . we evaluate our outdoor products and accessories products by such measurements as incoming orders per day and sales and gross margin by customer and brand . external factors that impact the firearm industry the firearm industry has been subject to many external factors in the past that have significantly increased the volatility of revenue generated for all companies within the industry . these factors include , among others , fears surrounding crime and terrorism ; tragic news events ; potential restrictions on the sale or makeup of firearms ; legislative and regulatory actions ; economic changes ; and changes in the social and political environment , including presidential elections . see item ia , risk factors , for further discussion of external factors that impact the firearm industry . although these external factors have created demand surges and volatility in the firearms market , and often making it difficult to predict demand , we believe that those external factors have also likely contributed to a long-term increase in consumer interest in firearms . this increased consumer interest has helped the firearm industry generate a ten-year compound annual growth rate in units of 12.0 % according to the u.s. bureau of alcohol , tobacco , firearms and explosives , or atf . we believe that this expanding base of consumers combined with our strong brand recognition and attractive price points are important factors in our goal to continue increasing our market share . based on data from calendar 2016 , we estimate that we have a 16.7 % share of the u.s. consumer market for handguns . this compares with approximately 10 % in the period just prior to our acquisition of smith & wesson corp. in 2001. results of operations net sales the following table sets forth certain information regarding net sales for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( dollars in thousands ) : replace_table_token_3_th 43 the following table sets forth certain information regarding trade channel net sales for the fiscal years end ed april 30 , 2018 , 2017 , and 2016 ( dollars in thousands ) : replace_table_token_4_th we include domestic handgun , long gun , and parts revenue as well as revenue from our outdoor products and accessories in our sporting goods distribution channel , and we include international and law enforcement handgun , long gun , and handcuff revenue in our professional channel . we include specialty services and plastic injection molding revenue in other products and services . the following table sets forth certain information regarding firearm units shipped by trade channel for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( units in thousands ) : replace_table_token_5_th fiscal 2018 net sales compared with fiscal 2017 net sales in our firearms segment for fiscal 2018 decreased 41.9 % from fiscal 2017. we had lower shipments across nearly all product categories as customer orders softened in light of excessive channel inventories at the beginning of the fiscal year combined with lower consumer demand potentially as a result of reduced political pressure on firearm laws and regulations ( as indicated by an 8.9 % reduction in adjusted background checks reported in the national instant criminal background check system , or nics ) . story_separator_special_tag profit . the effective tax rates were ( 14.3 % ) and 33.2 % for fiscal 2018 and 2017 , respectively . we estimate the impact of tax reform , based on currently available information and interpretations of the law , to be a benefit of $ 8.7 million . the majority of the tax benefit is due to remeasurement of deferred tax assets and liabilities at lower enacted corporate federal tax rates , which did not have a cash impact in fiscal 2018. the actual impact of tax reform may differ from this estimate , possibly materially , because of , among other things , changes in interpretations and assumptions we have made , guidance that may be issued , and actions we may take as a result of tax reform . excluding the impact of tax reform and other discrete items , our effective tax rate for the fiscal year ended april 30 , 2018 was 35.4 % . our fiscal 2017 income tax expense increased $ 12.3 million over fiscal 2016 because of higher operating profit . the decrease in the effective tax rate from fiscal 2016 was a result of our adoption of the new asu no . 2016-09 – compensation – stock compensation , which reduced our effective tax rate by 1.7 % . net income the following table sets forth certain information regarding net income and the related per share data for the fiscal years ended april 30 , 2018 , 2017 , and 2016 ( dollars in thousands , except per share data ) : replace_table_token_12_th 49 fiscal 2018 net income compared with fiscal 2017 net income of $ 20.1 million for fiscal 2018 was $ 107.7 million lower than net income of $ 127.9 million in the prior fiscal year , primarily because of lower firearm revenue , the negative impacts on gross margin discussed above , and increased operating expenses resulting from the 2017 acquisitions and 2018 acquisitions . acquisition-related expenses as a result of the 2018 acquisitions negatively impacted net income per diluted share by $ 0.01 per share . this was offset by the favorable impact of a lower effective tax rate as a result of tax reform , lower profit-related compensation expense , and acquisition-related expenses . fiscal 2017 net income compared with fiscal 2016 net income of $ 127.9 million for fiscal 2017 was $ 33.9 million higher than $ 94.0 million for fiscal 2016 , primarily because of higher revenue and gross margin in our firearms segment and lower interest expense . acquisition-related expenses as a result of the 2017 acquisitions negatively impacted net income per diluted share by $ 0.20 per share . story_separator_special_tag stock repurchase programs in the open market or in privately negotiated transactions , of which $ 50.0 million remained authorized for repurchase , as of april 30 , 2018. in fiscal 2017 , we repurchased 2.6 million shares of our common stock in the open market for $ 50.0 million utilizing a combination of cash on hand and borrowings under our revolving line . we did not repurchase any shares of our common stock during fiscal 2018. on june 15 , 2015 , we entered into a credit agreement that provides us with a $ 175.0 million revolving line and a $ 105.0 million term loan . the term loan matures on june 15 , 2020 , and our revolving line matures on october 27 , 2021. we had $ 25.0 million of borrowings on our revolving line and $ 87.7 million outstanding on our term loan as of april 30 , 2018. in june 2015 , we used the proceeds from the term loan to redeem the entire $ 100.0 million outstanding principal balance of our then outstanding 5.875 % senior notes , plus accrued and unpaid interest to the redemption date . see note 5 – notes and loans payable and financing arrangements in the notes to the consolidated financial statements for additional information regarding our credit facility . additional proceeds under the credit facility are expected to be used for general corporate purposes . 51 on june 18 , 2015 , we entered into an interest rate swap agreement , which expires on june 15 , 2020 , covering $ 105.0 million of floating rate debt under the term loan . on july 6 , 2015 , we executed an interest r ate swap pursuant to such agreement , which requires us to pay interest at a defined rate of 1.56 % while receiving interest at a defined variable rate of one-month libor ( 0.188 % at july 31 , 2015 ) . the notional amount of the interest rate swap was $ 105.0 mil lion and had an aggregate fair value of $ 2.1 million as of april 30 , 2018. this swap , when combined with the applicable margin based on our consolidated leverage ratio as of april 30 , 2018 , effectively fixed our interest rate on the term loan , subject to c hange based on changes in our consolidated leverage ratio . as of april 30 , 2018 , our interest rate on the term loan was 4.14 % . we do not expect the interest rate swap to have any material effect on earnings within the next 12 months . on october 27 , 2016 , we entered into a second amendment to our existing credit agreement with our lenders to expand our unsecured revolving line to $ 350.0 million with an option to increase the credit commitment for an additional $ 150.0 million and extended the maturity of the revolving line to october 27 , 2021. other than the changes described in the amendment , we remain subject to the terms of the credit agreement , as amended . we incurred $ 525,000 in debt issuance costs related to this amendment . during fiscal 2015 , we issued an aggregate of $ 75.0 million of 2018 senior notes to various institutional

