this strategic repositioning included several key actions , including : we initiated a plan to divest strathmore products ( the `` coatings `` business ) in the third quarter of the fiscal year ended march 31 , 2018 , the revenues of which were approximately one-third of the former coatings , sealants & adhesives ( “ cs & a ” ) segment . in connection with this plan , the coatings business was classified as assets held for sale and presented as discontinued operations . we condensed our three reportable segments into two : industrial products and specialty chemicals . as a result , the sealants and adhesives businesses , which were part of the former cs & a segment , were integrated into the specialty chemicals segment . we flattened our operational leadership structure , resulting in the departure of our president and chief operating officer , and our operational leadership reporting directly to our chairman and chief executive officer . 21 for additional information regarding discontinued operations and our segment realignment , see note 1 to our consolidated financial statements included in `` item 8. financial statements and supplementary data `` ( `` item 8 `` ) of this annual report . the share distribution on september 30 , 2015 , capital southwest corporation ( “ capital southwest ” ) spun-off certain of its industrial products , coatings , sealants and adhesives and specialty chemicals businesses by means of a distribution of the outstanding shares of common stock of cswi on a pro rata basis to holders of capital southwest common stock ( the “ share distribution ” ) . cswi became an independent , publicly-traded company on october 1 , 2015 following the share distribution . following the share distribution , we incurred capital costs in the process of integrating our operations , including the consolidation of some of our manufacturing facilities and operational improvement initiatives . through these efforts , we expect to continue to generate sales synergies through greater cross-selling opportunities and expansion of product line applications , and to generate cost synergies through operating more efficiently and effectively . we have also incurred additional costs as a result of being a public company , such as additional employee-related costs , costs to build out certain standalone corporate functions , information systems costs and other organizational-related costs . while we believe the majority of these expected post-share distribution costs have been incurred to date , we may incur additional costs in the future as we seek to further optimize our organization and operations . markets and outlook looking ahead , fiscal year 2019 should be a transitional year as we expect to complete the disposition of the coatings business , which is reflected in our discontinued operations . we expect this strategic repositioning to allow us to focus on a faster growing , more profitable and streamlined group of businesses and the underlying products , as we have simplified our reporting segments to industrial products and specialty chemicals . our diverse product portfolio in those segments serve attractive end markets that should continue to benefit from growth , primarily in north america , but we anticipate continued growth in key international regions primarily for our specialty chemical product portfolio , such as asia , latin america , south america and the middle east . we anticipate revenue growth in our key end markets during fiscal year ending march 31 , 2019 due to our innovative technologies , new product introductions , product differentiation and favorable industry trends . in fiscal year 2019 , we expect capital expenditures to be approximately $ 5 to $ 7 million . capital expenditures will be focused on maintenance and replacement , continuous improvement and revenue growth . we were pleased with our most recent acquisition , greco , as it outperformed in all respects from our acquisition model , driving revenue growth of 5.7 % and $ 2.8 million of our operating profit growth in the fiscal year ended march 31 , 2018 . we will continue to pursue bolt-on acquisitions in our key end markets and channels in fiscal year 2019 , but we will remain disciplined in our approach , including but not limited to our assessment of valuation , prospective synergies , diligence , cultural fit , integration , etc . hvac the hvac market is our largest market served and it represented approximately 30 % of our net sales in both fiscal years ended march 31 , 2018 and 2017 . we provide an extensive array of products for installation , repair and maintenance of hvac systems that includes our largest product family , consisting of condensate switches , as well as condensate pans , air diffusers , condensate pumps , refrigerant caps , line set covers and other chemical and mechanical products . the industry is driven by new construction projects , as well as replacement and repair of existing hvac systems . new hvac systems are heavily influenced by macro trends in building construction . the hvac market tends to be seasonal with the peak sales season beginning in march and continuing through august . construction and repair is typically performed by contractors , and we utilize our global distribution network to drive sales of our brands to such contractors . for the fiscal year ending march 31 , 2019 , we anticipate growth in the hvac market to be stronger than the gross domestic product . architecturally-specified building products architecturally-specified building products represented approximately 28 % and 24 % of our net sales in the fiscal years ended march 31 , 2018 and 2017 , respectively . we manufacture and sell products such as engineered railings , smoke and fire protection systems , expansion joints and stair edge nosings for large commercial buildings and parking facilities . story_separator_special_tag the increase was attributable to increased sales volumes into the energy market ( $ 7.6 million ) and increased sales volumes and prices of thread sealants and firestopping products ( $ 3.4 million ) . net revenues for the fiscal year ended march 31 , 2017 increased $ 0.7 million , or 0.5 % , as compared with the fiscal year ended march 31 , 2016 , net of $ 3.9 million contributed by acquisitions . excluding the impact of acquisitions , the decrease was due to decreases in sales volumes into the energy ( $ 6.7 million ) , industrial ( $ 1.9 million ) and rail ( $ 1.8 million ) markets , partially offset by increased sales of thread sealants and firestopping products ( $ 7.1 million ) . operating income for the fiscal year ended march 31 , 2018 increased $ 4.9 million , or 36.4 % , as compared with the fiscal year ended march 31 , 2017 . the increase was attributable to the impact of increased net revenues and a decline in restructuring and realignment costs ( $ 5.3 million ) , partially offset by negative product mix . operating income for the fiscal year ended march 31 , 2017 decreased $ 8.6 million , or 38.9 % , as compared with the fiscal year ended march 31 , 2016 , net of $ 2.2 million contributed by acquisitions . excluding the impact of acquisitions , the decrease was attributable to the impact of decreased net revenue , restructuring and realignment costs ( $ 7.1 million ) , a pension plan curtailment benefit in the prior year that did not recur ( $ 4.8 million ) and inventory write-offs ( $ 0.4 million ) . 26 for additional information on segments , see note 18 to our consolidated financial statements included in item 8 of this annual report . story_separator_special_tag style= `` font-family : inherit ; font-size:9pt ; `` > operating lease and purchase obligations denominated in foreign currencies are projected based on the exchange rate in effect on march 31 , 2018 . excludes amounts that have been eliminated in our consolidated financial statements . critical accounting estimates the process of preparing financial statements in conformity with u.s. gaap requires the use of estimates and assumptions to determine reported amounts of certain assets , liabilities , revenues and expenses and the disclosure of related contingent assets and liabilities . these estimates and assumptions are based upon information available at the time of the estimates or assumptions , including our historical experience , where relevant . the most significant estimates made by management include : timing and amount of revenue recognition ; deferred taxes and tax reserves ; pension benefits ; and valuation of goodwill and indefinite-lived intangible assets , both at the time of initial acquisition , as well as part of recurring impairment analyses , as applicable . the significant estimates are reviewed at least annually , if not quarterly , by management . because of the uncertainty of factors surrounding the estimates , assumptions and judgments used in the preparation of our financial statements , actual results may differ from the estimates , and the difference may be material . our critical accounting policies are those policies that are both most important to our financial condition and results of operations and require the most difficult , subjective or complex judgments on the part of management in their application , often as a result of the need to make estimates about the effect of matters that are inherently uncertain . we believe that the following represent our critical accounting policies . for a summary of all of our significant accounting policies , see note 1 to our consolidated 28 financial statements included in item 8 of this annual report . management and our external auditors have discussed our critical accounting estimates and policies with the audit committee of our board of directors . revenue recognition we generally recognize revenue upon shipment of product , at which time title and risk of loss pass to the customer . additionally , we require that all of the following circumstances are satisfied : ( a ) persuasive evidence of an arrangement exists , ( b ) price is fixed or determinable , ( c ) collectability is reasonably assured and ( d ) delivery has occurred or services have been rendered . net revenues represent gross revenues invoiced to customers less certain related charges for contractual discounts or rebates . discounts provided to customers at the point of sale are recognized as reductions in revenue as the products are sold . rebate amounts are recorded as a reduction of revenue , at least quarterly , using estimates of customer participation and performance . freight charges billed to customers are included in net revenues and the related shipping costs are included in cost of revenues in our consolidated statements of operations . deferred taxes and tax reserves deferred tax assets and liabilities are determined based on temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities , applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date . based on the evaluation of available evidence , both positive and negative , we recognize future tax benefits , such as net operating loss carryforwards and tax credit carryforwards , to the extent that these benefits are more likely than not to be realized . we base our judgment of the recoverability of our deferred tax assets primarily on historical earnings , our estimate of current and expected future earnings using historical and projected future operating results , and prudent and feasible tax planning strategies . the amount of income taxes we pay is

liquidity and capital resources cash flow analysis replace_table_token_9_th existing cash , cash generated by operations and borrowings available under our revolving credit facility are our primary sources of short-term liquidity . we monitor the depository institutions that hold our cash and cash equivalents on a regular basis , and we believe that we have placed our deposits with creditworthy financial institutions . our sources of operating cash generally include the sale of our products and services and the conversion of our working capital , particularly accounts receivable and inventories . our cash balance ( including cash and equivalents and bank time deposits ) at march 31 , 2018 was $ 11.7 million , as compared with $ 23.1 million at march 31 , 2017 . for the fiscal year ended march 31 , 2018 , our cash provided by operating activities from continuing operations was $ 57.4 million , as compared with $ 39.4 million and $ 37.8 million for the fiscal years ended march 31 , 2017 and 2016 , respectively . cash flows from working capital increased for the fiscal year ended march 31 , 2018 due to lower prepaid expenses and other current assets ( $ 7.7 million ) , higher accounts payable and other current liabilities ( $ 6.3 million ) and lower inventories ( $ 1.0 million ) and , partially offset by higher accounts receivable ( $ 2.7 million ) . cash flows from working capital increased for the fiscal year ended march 31 , 2017 due to higher accounts payable and other current liabilities ( $ 5.7 million ) , partially offset by higher accounts receivable ( $ 5.0 million ) and higher prepaid expenses and other current assets ( $ 0.8 million ) . cash flows from working capital increased for the fiscal year ended march 31 , 2016 , due primarily to lower inventories ( $ 4.6 million ) , higher accounts payable and other current liabilities ( $ 3.1 million ) and lower accounts receivable ( $ 0.9 million ) , partially offset by higher prepaid expenses and other current assets ( $ 4.7 million ) .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources cash flow analysis replace_table_token_9_th existing cash , cash generated by operations and borrowings available under our revolving credit facility are our primary sources of short-term liquidity . we monitor the depository institutions that hold our cash and cash equivalents on a regular basis , and we believe that we have placed our deposits with creditworthy financial institutions . our sources of operating cash generally include the sale of our products and services and the conversion of our working capital , particularly accounts receivable and inventories . our cash balance ( including cash and equivalents and bank time deposits ) at march 31 , 2018 was $ 11.7 million , as compared with $ 23.1 million at march 31 , 2017 . for the fiscal year ended march 31 , 2018 , our cash provided by operating activities from continuing operations was $ 57.4 million , as compared with $ 39.4 million and $ 37.8 million for the fiscal years ended march 31 , 2017 and 2016 , respectively . cash flows from working capital increased for the fiscal year ended march 31 , 2018 due to lower prepaid expenses and other current assets ( $ 7.7 million ) , higher accounts payable and other current liabilities ( $ 6.3 million ) and lower inventories ( $ 1.0 million ) and , partially offset by higher accounts receivable ( $ 2.7 million ) . cash flows from working capital increased for the fiscal year ended march 31 , 2017 due to higher accounts payable and other current liabilities ( $ 5.7 million ) , partially offset by higher accounts receivable ( $ 5.0 million ) and higher prepaid expenses and other current assets ( $ 0.8 million ) . cash flows from working capital increased for the fiscal year ended march 31 , 2016 , due primarily to lower inventories ( $ 4.6 million ) , higher accounts payable and other current liabilities ( $ 3.1 million ) and lower accounts receivable ( $ 0.9 million ) , partially offset by higher prepaid expenses and other current assets ( $ 4.7 million ) .
```    
 Suspicious Activity Report : this strategic repositioning included several key actions , including : we initiated a plan to divest strathmore products ( the `` coatings `` business ) in the third quarter of the fiscal year ended march 31 , 2018 , the revenues of which were approximately one-third of the former coatings , sealants & adhesives ( “ cs & a ” ) segment . in connection with this plan , the coatings business was classified as assets held for sale and presented as discontinued operations . we condensed our three reportable segments into two : industrial products and specialty chemicals . as a result , the sealants and adhesives businesses , which were part of the former cs & a segment , were integrated into the specialty chemicals segment . we flattened our operational leadership structure , resulting in the departure of our president and chief operating officer , and our operational leadership reporting directly to our chairman and chief executive officer . 21 for additional information regarding discontinued operations and our segment realignment , see note 1 to our consolidated financial statements included in `` item 8. financial statements and supplementary data `` ( `` item 8 `` ) of this annual report . the share distribution on september 30 , 2015 , capital southwest corporation ( “ capital southwest ” ) spun-off certain of its industrial products , coatings , sealants and adhesives and specialty chemicals businesses by means of a distribution of the outstanding shares of common stock of cswi on a pro rata basis to holders of capital southwest common stock ( the “ share distribution ” ) . cswi became an independent , publicly-traded company on october 1 , 2015 following the share distribution . following the share distribution , we incurred capital costs in the process of integrating our operations , including the consolidation of some of our manufacturing facilities and operational improvement initiatives . through these efforts , we expect to continue to generate sales synergies through greater cross-selling opportunities and expansion of product line applications , and to generate cost synergies through operating more efficiently and effectively . we have also incurred additional costs as a result of being a public company , such as additional employee-related costs , costs to build out certain standalone corporate functions , information systems costs and other organizational-related costs . while we believe the majority of these expected post-share distribution costs have been incurred to date , we may incur additional costs in the future as we seek to further optimize our organization and operations . markets and outlook looking ahead , fiscal year 2019 should be a transitional year as we expect to complete the disposition of the coatings business , which is reflected in our discontinued operations . we expect this strategic repositioning to allow us to focus on a faster growing , more profitable and streamlined group of businesses and the underlying products , as we have simplified our reporting segments to industrial products and specialty chemicals . our diverse product portfolio in those segments serve attractive end markets that should continue to benefit from growth , primarily in north america , but we anticipate continued growth in key international regions primarily for our specialty chemical product portfolio , such as asia , latin america , south america and the middle east . we anticipate revenue growth in our key end markets during fiscal year ending march 31 , 2019 due to our innovative technologies , new product introductions , product differentiation and favorable industry trends . in fiscal year 2019 , we expect capital expenditures to be approximately $ 5 to $ 7 million . capital expenditures will be focused on maintenance and replacement , continuous improvement and revenue growth . we were pleased with our most recent acquisition , greco , as it outperformed in all respects from our acquisition model , driving revenue growth of 5.7 % and $ 2.8 million of our operating profit growth in the fiscal year ended march 31 , 2018 . we will continue to pursue bolt-on acquisitions in our key end markets and channels in fiscal year 2019 , but we will remain disciplined in our approach , including but not limited to our assessment of valuation , prospective synergies , diligence , cultural fit , integration , etc . hvac the hvac market is our largest market served and it represented approximately 30 % of our net sales in both fiscal years ended march 31 , 2018 and 2017 . we provide an extensive array of products for installation , repair and maintenance of hvac systems that includes our largest product family , consisting of condensate switches , as well as condensate pans , air diffusers , condensate pumps , refrigerant caps , line set covers and other chemical and mechanical products . the industry is driven by new construction projects , as well as replacement and repair of existing hvac systems . new hvac systems are heavily influenced by macro trends in building construction . the hvac market tends to be seasonal with the peak sales season beginning in march and continuing through august . construction and repair is typically performed by contractors , and we utilize our global distribution network to drive sales of our brands to such contractors . for the fiscal year ending march 31 , 2019 , we anticipate growth in the hvac market to be stronger than the gross domestic product . architecturally-specified building products architecturally-specified building products represented approximately 28 % and 24 % of our net sales in the fiscal years ended march 31 , 2018 and 2017 , respectively . we manufacture and sell products such as engineered railings , smoke and fire protection systems , expansion joints and stair edge nosings for large commercial buildings and parking facilities . story_separator_special_tag the increase was attributable to increased sales volumes into the energy market ( $ 7.6 million ) and increased sales volumes and prices of thread sealants and firestopping products ( $ 3.4 million ) . net revenues for the fiscal year ended march 31 , 2017 increased $ 0.7 million , or 0.5 % , as compared with the fiscal year ended march 31 , 2016 , net of $ 3.9 million contributed by acquisitions . excluding the impact of acquisitions , the decrease was due to decreases in sales volumes into the energy ( $ 6.7 million ) , industrial ( $ 1.9 million ) and rail ( $ 1.8 million ) markets , partially offset by increased sales of thread sealants and firestopping products ( $ 7.1 million ) . operating income for the fiscal year ended march 31 , 2018 increased $ 4.9 million , or 36.4 % , as compared with the fiscal year ended march 31 , 2017 . the increase was attributable to the impact of increased net revenues and a decline in restructuring and realignment costs ( $ 5.3 million ) , partially offset by negative product mix . operating income for the fiscal year ended march 31 , 2017 decreased $ 8.6 million , or 38.9 % , as compared with the fiscal year ended march 31 , 2016 , net of $ 2.2 million contributed by acquisitions . excluding the impact of acquisitions , the decrease was attributable to the impact of decreased net revenue , restructuring and realignment costs ( $ 7.1 million ) , a pension plan curtailment benefit in the prior year that did not recur ( $ 4.8 million ) and inventory write-offs ( $ 0.4 million ) . 26 for additional information on segments , see note 18 to our consolidated financial statements included in item 8 of this annual report . story_separator_special_tag style= `` font-family : inherit ; font-size:9pt ; `` > operating lease and purchase obligations denominated in foreign currencies are projected based on the exchange rate in effect on march 31 , 2018 . excludes amounts that have been eliminated in our consolidated financial statements . critical accounting estimates the process of preparing financial statements in conformity with u.s. gaap requires the use of estimates and assumptions to determine reported amounts of certain assets , liabilities , revenues and expenses and the disclosure of related contingent assets and liabilities . these estimates and assumptions are based upon information available at the time of the estimates or assumptions , including our historical experience , where relevant . the most significant estimates made by management include : timing and amount of revenue recognition ; deferred taxes and tax reserves ; pension benefits ; and valuation of goodwill and indefinite-lived intangible assets , both at the time of initial acquisition , as well as part of recurring impairment analyses , as applicable . the significant estimates are reviewed at least annually , if not quarterly , by management . because of the uncertainty of factors surrounding the estimates , assumptions and judgments used in the preparation of our financial statements , actual results may differ from the estimates , and the difference may be material . our critical accounting policies are those policies that are both most important to our financial condition and results of operations and require the most difficult , subjective or complex judgments on the part of management in their application , often as a result of the need to make estimates about the effect of matters that are inherently uncertain . we believe that the following represent our critical accounting policies . for a summary of all of our significant accounting policies , see note 1 to our consolidated 28 financial statements included in item 8 of this annual report . management and our external auditors have discussed our critical accounting estimates and policies with the audit committee of our board of directors . revenue recognition we generally recognize revenue upon shipment of product , at which time title and risk of loss pass to the customer . additionally , we require that all of the following circumstances are satisfied : ( a ) persuasive evidence of an arrangement exists , ( b ) price is fixed or determinable , ( c ) collectability is reasonably assured and ( d ) delivery has occurred or services have been rendered . net revenues represent gross revenues invoiced to customers less certain related charges for contractual discounts or rebates . discounts provided to customers at the point of sale are recognized as reductions in revenue as the products are sold . rebate amounts are recorded as a reduction of revenue , at least quarterly , using estimates of customer participation and performance . freight charges billed to customers are included in net revenues and the related shipping costs are included in cost of revenues in our consolidated statements of operations . deferred taxes and tax reserves deferred tax assets and liabilities are determined based on temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities , applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date . based on the evaluation of available evidence , both positive and negative , we recognize future tax benefits , such as net operating loss carryforwards and tax credit carryforwards , to the extent that these benefits are more likely than not to be realized . we base our judgment of the recoverability of our deferred tax assets primarily on historical earnings , our estimate of current and expected future earnings using historical and projected future operating results , and prudent and feasible tax planning strategies . the amount of income taxes we pay is

