through our sierra brand , we manufacture a wide range of high-performance bullets and ammunition for both rifles and pistols that are used for precision target shooting , hunting and military and law enforcement purposes . clarus corporation , incorporated in delaware in 1991 , acquired black diamond equipment , ltd. ( which may be referred to as “ black diamond equipment ” ) and gregory mountain products , llc ( which may be referred to as “ gregory mountain products ” or “ gregory ” ) in may 2010 and changed its name to black diamond , inc. , in january 2011. in july 2012 , we acquired poc sweden ab and its subsidiaries ( collectively , “ poc ” ) and in october 2012 , we acquired pieps holding gmbh and its subsidiaries ( collectively , “ pieps ” ) . on july 23 , 2014 , the company completed the sale of certain assets to samsonite llc comprising gregory mountain product 's business . on october 7 , 2015 , the company sold its equity interests in poc . on august 14 , 2017 , the company changed its name from black diamond , inc. to clarus corporation and its stock ticker symbol from “ bde ” to “ clar ” on the nasdaq stock exchange . on august 21 , 2017 , the company acquired sierra bullets , l.l.c . ( “ sierra ” ) . on november 6 , 2018 , the company acquired the assets of skinourishment , inc. ( “ skinourishment ” ) . 28 on may 7 , 2018 , the company announced a “ modified dutch auction ” tender offer for clarus ' common stock , as well as the preferred share purchase rights associated with such shares ( collectively , the “ shares ” ) . on july 11 , 2018 , the tender offer expired , following which the company announced it would accept 417,237 shares for purchase at a price of $ 8.00 per share , for an aggregate cost of approximately $ 3,338,000 , excluding fees and expenses . on august 6 , 2018 , the company announced that its board of directors approved the initiation of a quarterly cash dividend program of $ 0.025 per share of the company 's common stock ( the “ quarterly cash dividend ” ) or $ 0.10 per share on an annualized basis . in 2018 , our total quarterly cash dividends were $ 1,488,000. on january 18 , 2019 , the company announced that its board of directors approved the payment on february 8 , 2019 of the quarterly cash dividend to the record holders of shares of the company 's common stock as of the close of business on january 29 , 2019. critical accounting policies and use of estimates management 's discussion of our financial condition and results of operations is based on the consolidated financial statements , which have been prepared in accordance with u.s. generally accepted accounting principles ( “ gaap ” ) . the preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements . estimates also affect the reported amounts of revenues and expenses during the reporting periods . we continually evaluate our estimates and assumptions including those related to derivatives , revenue recognition , income taxes and valuation of long-lived assets , goodwill and other intangible assets . we base our estimates on historical experience and other assumptions that are believed to be reasonable under the circumstances . actual results could differ from these estimates . we believe the following critical accounting policies include the more significant estimates and assumptions used in the preparation of our consolidated financial statements . our accounting policies are more fully described in note 1 of our consolidated financial statements . · we allocate the purchase price of acquired companies to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values . the excess of the purchase price over these fair values is recorded as goodwill . we engage independent third-party valuation specialists to assist us in determining the fair values of certain assets acquired and liabilities assumed . such valuations require management to make significant estimates and assumptions , especially with respect to intangible assets . significant estimates in valuing certain intangible assets include but are not limited to the projected financial information related to each individual asset , particularly forecasted revenue . management 's estimates of fair value are based upon assumptions believed to be reasonable , but which are inherently uncertain and unpredictable and thus , actual results may differ from estimates . · we account for income taxes using the asset and liability method . the asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating loss and tax credit carryforwards . we may make assumptions , judgments and estimates in order to determine the future taxable income available to support the recoverability of deferred tax assets at a more-likely-than-not threshold . the sources of future taxable income include 1 ) future reversal of existing taxable temporary differences , 2 ) taxable income in carryback years if carryback is permitted , 3 ) future taxable income from future operations , and 4 ) tax planning strategies . the degree and subjectivity and judgment increases as the source of future taxable income becomes more inherently subjective . our assumptions , judgments and estimates relative to the realizability of a deferred tax asset take into account predictions of the amount and category of expected future taxable income . story_separator_special_tag gross profit consolidated gross profit increased $ 10,126 , or 23.2 % , to $ 53,810 during the year ended december 31 , 2017 , compared to consolidated gross profit of $ 43,684 during the year ended december 31 , 2016. consolidated gross margin was 31.5 % during the year ended december 31 , 2017 , compared to a consolidated gross margin of 29.5 % during the year ended december 31 , 2016. consolidated gross margin during the year ended december 31 , 2017 , increased compared to the prior year due to a favorable product mix in higher margin products and channel distribution , as well as lower costs related to the company 's manufacturing activities that were transferred from china to the united states . gross margin also benefited from the inclusion of sierra ; however , this benefit was offset by a decrease in gross margin of 1.2 % due to the sale of inventory that was recorded at its preliminary fair value in purchase accounting during the year ended december 31 , 2017. selling , general and administrative consolidated selling , general and administrative expenses increased $ 6,359 , or 12.7 % , to $ 56,295 during the year ended december 31 , 2017 , compared to consolidated selling , general and administrative expenses of $ 49,936 during the year ended december 31 , 2016. the increase in selling , general and administrative expenses was partially attributable to the inclusion of sierra of $ 2,370 , with the remaining increase being attributable to the company 's investment in the brand related activities of sales , marketing and research and development in supporting its strategic initiatives around new product introduction and increasing brand equity . stock compensation also increased $ 954 during the year ended december 31 , 2017 compared to the prior year . restructuring charges consolidated restructuring expense decreased $ 1,235 , or 88.5 % , to $ 160 during the year ended december 31 , 2017 , compared to consolidated restructuring expense of $ 1,395 during the year ended december 31 , 2016. restructuring expenses incurred during the year ended december 31 , 2017 , related to costs associated with the formal closure and liquidation of the company 's black diamond equipment manufacturing operations in zhuhai , china . restructuring expenses incurred during the year ended december 31 , 2016 , primarily related to benefits provided to employees who were terminated due to the company 's reduction-in-force as part of its continued realignment of resources within the organization , costs associated with the move of the company 's black diamond equipment european office from basel , switzerland to innsbruck , austria , and costs associated with the formal closure and liquidation of the company 's black diamond equipment manufacturing operations in zhuhai , china . merger and integration costs consolidated merger and integration expense increased to $ 82 during the year ended december 31 , 2017 compared to consolidated merger and integration expense of $ 0 during the year ended december 31 , 2016 , which consisted of expenses related to the integration of sierra . transaction costs consolidated transaction expense increased $ 1,798 , or 620.0 % , to $ 2,088 during the year ended december 31 , 2017 , compared to consolidated transaction costs of $ 290 during the year ended december 31 , 2016. the expenses during the year ended december 31 , 2017 consisted of expenses related to the company 's acquisition of sierra . upon the company 's acquisition of sierra , on august 21 , 2017 , the company paid a fee in the amount of $ 1,000 to kanders & company , inc. ( “ kanders & company ” ) in consideration of the significant support received by the company from kanders & company in sourcing , structuring , performing due diligence and negotiating the acquisition . mr. warren b. kanders , the company 's executive chairman of the board of directors and a member of its board of directors , is the sole stockholder of kanders & company . the expenses during the year ended december 31 , 2016 consisted of expenses related to the company 's redeployment and diversification strategy . arbitration award during the year ended december 31 , 2016 , the company received an arbitral award on agreed terms of $ 1,967 , related to certain claims against the former owner of pieps associated with the voluntary recall of all the pieps vector avalanche transceivers during the year ended december 31 , 2013 . 35 interest expense , net consolidated interest expense , net , decreased $ 1,588 , or 55.2 % , to $ 1,288 during the year ended december 31 , 2017 , compared to consolidated interest expense , net , of $ 2,876 during the year ended december 31 , 2016. the decrease in interest expense , net , was primarily attributable to the repayment of the company 's 5 % senior subordinated notes during the three months ended march 31 , 2017. other , net consolidated other , net , decreased $ 190 , or 35.6 % , to income of $ 343 during the year ended december 31 , 2017 , compared to consolidated other , net income of $ 533 during the year ended december 31 , 2016. the decrease in other , net , was primarily attributable to a decrease in remeasurement gains recognized on the company 's foreign denominated accounts receivable and accounts payable , losses on mark-to-market adjustments on non-hedged foreign currency contracts and the absence of gains related to the sale of marketable securities during the year ended december 31 , 2017. these losses were partially offset by gains related to recognition of cumulative translation adjustments due to the substantial liquidation of a foreign entity . income taxes on december 22 , 2017 , the u.s. government enacted comprehensive tax legislation commonly referred to as the tax act . the tax act made

liquidity and capital resources consolidated year ended december 31 , 2018 compared to consolidated year ended december 31 , 2017 the following presents a discussion of cash flows for the consolidated year ended december 31 , 2018 compared with the consolidated year ended december 31 , 2017. our primary ongoing funding requirements are for working capital , expansion of our operations ( both organically and through acquisitions ) and general corporate needs , as well as investing activities associated with the expansion into new product categories . we plan to fund these activities through a combination of our future operating cash flows and revolving credit facility . we believe that our liquidity requirements for at least the next 12 months will be adequately covered by cash provided by operations and our existing revolving credit facility . at december 31 , 2018 , we had total cash of $ 2,486 compared to a cash balance of $ 1,856 at december 31 , 2017 , which was substantially controlled by the company 's u.s. entities . at december 31 , 2018 , the company had $ 1,616 of the $ 2,486 in cash held by foreign entities , of which $ 554 is considered permanently reinvested .


 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 consolidated year ended december 31 , 2018 compared to consolidated year ended december 31 , 2017 the following presents a discussion of cash flows for the consolidated year ended december 31 , 2018 compared with the consolidated year ended december 31 , 2017. our primary ongoing funding requirements are for working capital , expansion of our operations ( both organically and through acquisitions ) and general corporate needs , as well as investing activities associated with the expansion into new product categories . we plan to fund these activities through a combination of our future operating cash flows and revolving credit facility . we believe that our liquidity requirements for at least the next 12 months will be adequately covered by cash provided by operations and our existing revolving credit facility . at december 31 , 2018 , we had total cash of $ 2,486 compared to a cash balance of $ 1,856 at december 31 , 2017 , which was substantially controlled by the company 's u.s. entities . at december 31 , 2018 , the company had $ 1,616 of the $ 2,486 in cash held by foreign entities , of which $ 554 is considered permanently reinvested .
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 Suspicious Activity Report : through our sierra brand , we manufacture a wide range of high-performance bullets and ammunition for both rifles and pistols that are used for precision target shooting , hunting and military and law enforcement purposes . clarus corporation , incorporated in delaware in 1991 , acquired black diamond equipment , ltd. ( which may be referred to as “ black diamond equipment ” ) and gregory mountain products , llc ( which may be referred to as “ gregory mountain products ” or “ gregory ” ) in may 2010 and changed its name to black diamond , inc. , in january 2011. in july 2012 , we acquired poc sweden ab and its subsidiaries ( collectively , “ poc ” ) and in october 2012 , we acquired pieps holding gmbh and its subsidiaries ( collectively , “ pieps ” ) . on july 23 , 2014 , the company completed the sale of certain assets to samsonite llc comprising gregory mountain product 's business . on october 7 , 2015 , the company sold its equity interests in poc . on august 14 , 2017 , the company changed its name from black diamond , inc. to clarus corporation and its stock ticker symbol from “ bde ” to “ clar ” on the nasdaq stock exchange . on august 21 , 2017 , the company acquired sierra bullets , l.l.c . ( “ sierra ” ) . on november 6 , 2018 , the company acquired the assets of skinourishment , inc. ( “ skinourishment ” ) . 28 on may 7 , 2018 , the company announced a “ modified dutch auction ” tender offer for clarus ' common stock , as well as the preferred share purchase rights associated with such shares ( collectively , the “ shares ” ) . on july 11 , 2018 , the tender offer expired , following which the company announced it would accept 417,237 shares for purchase at a price of $ 8.00 per share , for an aggregate cost of approximately $ 3,338,000 , excluding fees and expenses . on august 6 , 2018 , the company announced that its board of directors approved the initiation of a quarterly cash dividend program of $ 0.025 per share of the company 's common stock ( the “ quarterly cash dividend ” ) or $ 0.10 per share on an annualized basis . in 2018 , our total quarterly cash dividends were $ 1,488,000. on january 18 , 2019 , the company announced that its board of directors approved the payment on february 8 , 2019 of the quarterly cash dividend to the record holders of shares of the company 's common stock as of the close of business on january 29 , 2019. critical accounting policies and use of estimates management 's discussion of our financial condition and results of operations is based on the consolidated financial statements , which have been prepared in accordance with u.s. generally accepted accounting principles ( “ gaap ” ) . the preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements . estimates also affect the reported amounts of revenues and expenses during the reporting periods . we continually evaluate our estimates and assumptions including those related to derivatives , revenue recognition , income taxes and valuation of long-lived assets , goodwill and other intangible assets . we base our estimates on historical experience and other assumptions that are believed to be reasonable under the circumstances . actual results could differ from these estimates . we believe the following critical accounting policies include the more significant estimates and assumptions used in the preparation of our consolidated financial statements . our accounting policies are more fully described in note 1 of our consolidated financial statements . · we allocate the purchase price of acquired companies to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values . the excess of the purchase price over these fair values is recorded as goodwill . we engage independent third-party valuation specialists to assist us in determining the fair values of certain assets acquired and liabilities assumed . such valuations require management to make significant estimates and assumptions , especially with respect to intangible assets . significant estimates in valuing certain intangible assets include but are not limited to the projected financial information related to each individual asset , particularly forecasted revenue . management 's estimates of fair value are based upon assumptions believed to be reasonable , but which are inherently uncertain and unpredictable and thus , actual results may differ from estimates . · we account for income taxes using the asset and liability method . the asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities , and for operating loss and tax credit carryforwards . we may make assumptions , judgments and estimates in order to determine the future taxable income available to support the recoverability of deferred tax assets at a more-likely-than-not threshold . the sources of future taxable income include 1 ) future reversal of existing taxable temporary differences , 2 ) taxable income in carryback years if carryback is permitted , 3 ) future taxable income from future operations , and 4 ) tax planning strategies . the degree and subjectivity and judgment increases as the source of future taxable income becomes more inherently subjective . our assumptions , judgments and estimates relative to the realizability of a deferred tax asset take into account predictions of the amount and category of expected future taxable income . story_separator_special_tag gross profit consolidated gross profit increased $ 10,126 , or 23.2 % , to $ 53,810 during the year ended december 31 , 2017 , compared to consolidated gross profit of $ 43,684 during the year ended december 31 , 2016. consolidated gross margin was 31.5 % during the year ended december 31 , 2017 , compared to a consolidated gross margin of 29.5 % during the year ended december 31 , 2016. consolidated gross margin during the year ended december 31 , 2017 , increased compared to the prior year due to a favorable product mix in higher margin products and channel distribution , as well as lower costs related to the company 's manufacturing activities that were transferred from china to the united states . gross margin also benefited from the inclusion of sierra ; however , this benefit was offset by a decrease in gross margin of 1.2 % due to the sale of inventory that was recorded at its preliminary fair value in purchase accounting during the year ended december 31 , 2017. selling , general and administrative consolidated selling , general and administrative expenses increased $ 6,359 , or 12.7 % , to $ 56,295 during the year ended december 31 , 2017 , compared to consolidated selling , general and administrative expenses of $ 49,936 during the year ended december 31 , 2016. the increase in selling , general and administrative expenses was partially attributable to the inclusion of sierra of $ 2,370 , with the remaining increase being attributable to the company 's investment in the brand related activities of sales , marketing and research and development in supporting its strategic initiatives around new product introduction and increasing brand equity . stock compensation also increased $ 954 during the year ended december 31 , 2017 compared to the prior year . restructuring charges consolidated restructuring expense decreased $ 1,235 , or 88.5 % , to $ 160 during the year ended december 31 , 2017 , compared to consolidated restructuring expense of $ 1,395 during the year ended december 31 , 2016. restructuring expenses incurred during the year ended december 31 , 2017 , related to costs associated with the formal closure and liquidation of the company 's black diamond equipment manufacturing operations in zhuhai , china . restructuring expenses incurred during the year ended december 31 , 2016 , primarily related to benefits provided to employees who were terminated due to the company 's reduction-in-force as part of its continued realignment of resources within the organization , costs associated with the move of the company 's black diamond equipment european office from basel , switzerland to innsbruck , austria , and costs associated with the formal closure and liquidation of the company 's black diamond equipment manufacturing operations in zhuhai , china . merger and integration costs consolidated merger and integration expense increased to $ 82 during the year ended december 31 , 2017 compared to consolidated merger and integration expense of $ 0 during the year ended december 31 , 2016 , which consisted of expenses related to the integration of sierra . transaction costs consolidated transaction expense increased $ 1,798 , or 620.0 % , to $ 2,088 during the year ended december 31 , 2017 , compared to consolidated transaction costs of $ 290 during the year ended december 31 , 2016. the expenses during the year ended december 31 , 2017 consisted of expenses related to the company 's acquisition of sierra . upon the company 's acquisition of sierra , on august 21 , 2017 , the company paid a fee in the amount of $ 1,000 to kanders & company , inc. ( “ kanders & company ” ) in consideration of the significant support received by the company from kanders & company in sourcing , structuring , performing due diligence and negotiating the acquisition . mr. warren b. kanders , the company 's executive chairman of the board of directors and a member of its board of directors , is the sole stockholder of kanders & company . the expenses during the year ended december 31 , 2016 consisted of expenses related to the company 's redeployment and diversification strategy . arbitration award during the year ended december 31 , 2016 , the company received an arbitral award on agreed terms of $ 1,967 , related to certain claims against the former owner of pieps associated with the voluntary recall of all the pieps vector avalanche transceivers during the year ended december 31 , 2013 . 35 interest expense , net consolidated interest expense , net , decreased $ 1,588 , or 55.2 % , to $ 1,288 during the year ended december 31 , 2017 , compared to consolidated interest expense , net , of $ 2,876 during the year ended december 31 , 2016. the decrease in interest expense , net , was primarily attributable to the repayment of the company 's 5 % senior subordinated notes during the three months ended march 31 , 2017. other , net consolidated other , net , decreased $ 190 , or 35.6 % , to income of $ 343 during the year ended december 31 , 2017 , compared to consolidated other , net income of $ 533 during the year ended december 31 , 2016. the decrease in other , net , was primarily attributable to a decrease in remeasurement gains recognized on the company 's foreign denominated accounts receivable and accounts payable , losses on mark-to-market adjustments on non-hedged foreign currency contracts and the absence of gains related to the sale of marketable securities during the year ended december 31 , 2017. these losses were partially offset by gains related to recognition of cumulative translation adjustments due to the substantial liquidation of a foreign entity . income taxes on december 22 , 2017 , the u.s. government enacted comprehensive tax legislation commonly referred to as the tax act . the tax act made

