consolidated results of operations effective january 1 , 2018 , the company adopted the provisions of asc 606 , “ revenue from contracts with customers ” , using the modified retrospective ( or cumulative effect ) method for transition . under this transition method , periods prior to 2018 are not restated . the following table summarizes the effect on various financial statement line items that resulted from the adoption of asc 606 : replace_table_token_5_th the company acquired the outstanding shares of harris corporation 's composite aerostructures business for $ 187 million in cash , plus the assumption of certain liabilities , on april 8 , 2016. as the acquisition occurred during the year , the company 's 2016 results of operations include only a portion of the year , which can affect comparability amongst periods . the acquired entity , located in salt lake city ( slc ) , utah , is part of the aec segment . management believes that the acquisition broadened and deepened aec 's products , experience and manufacturing capabilities , and significantly increased opportunities for future growth . the following table presents operational results of the acquired entity that are included in the consolidated statements of income : replace_table_token_6_th 26 net sales the following table summarizes our net sales by business segment : replace_table_token_7_th the following table summarizes 2018 net sales by business segment , excluding the impact of asc 606 and currency translation effects : replace_table_token_8_th 2018 vs. 2017 · changes in currency translation rates had the effect of increasing net sales by $ 8.5 million ( 0.9 % of net sales ) , compared to 2017. that currency translation effect was principally due to the euro being stronger in 2018 as compared to 2017 . · excluding the effect of changes in currency translation rates : § consolidated net sales increased 12.8 % . excluding the additional effect of asc 606 , net sales increased 13.6 % . § net sales in mc increased 2.6 % . excluding the additional effect of adopting asc 606 , net sales increased 3.3 % , principally due to global growth in sales for packaging and tissue grades . § net sales in aec increased 34.7 % . excluding the additional effect of adopting asc 606 , net sales increased 35.9 % , primarily driven by growth in the leap , boeing 787 , f-35 , and ch-53k programs . 2017 vs. 2016 · changes in currency translation rates had the effect of increasing net sales by $ 3.7 million ( 0.4 % of net sales ) , compared to 2016. that currency translation effect was principally due to the effect on european sales that resulted from the euro strengthening in the second half of 2017 . · excluding the effect of changes in currency translation rates : § consolidated net sales increased 10.3 % . § net sales in mc increased $ 5.1 million , or 0.9 % . § net sales in aec increased $ 75.0 million , or 38.0 % . 27 · the increase in mc net sales was due to the growth in tissue , packaging and pulp grades , which more than offset declines in the publication grades . · the increase in aec net sales was principally due to : § slc sales increased $ 41.1 million . the 2016 slc acquisition occurred in the second quarter of 2016 , resulting in an additional quarter of sales in 2017. the slc sales increase was also due to the ramping up of key programs . § sales in the leap program increased $ 32.8 million , or 39.5 % , compared to 2016. backlog backlog in the mc segment was $ 204.6 million at december 31 , 2018 , compared to $ 201.1 million at december 31 , 2017. backlog in the aec segment increased to $ 377.3 million at december 31 , 2018 , compared to $ 327.9 million at december 31 , 2017 , reflecting the ramp-up in several key programs . all of the backlog in mc and approximately 90 % of the aec backlog is expected to be invoiced during the next 12 months . gross profit the following table summarizes gross profit by business segment : replace_table_token_9_th the increase in 2018 gross profit , as compared to 2017 , was principally due to the net effect of the following individually significant items : · the increase in mc gross profit of $ 16.7 million , was principally due to the effect of the following individually significant items : § higher sales in mc generated an increase in gross profit of approximately $ 10 million . § changes in currency translation rates , principally the brazilian real , had the effect of increasing mc gross profit by approximately $ 5 million . § mc gross profit was also increased as a result of productivity improvements , which include the impact of continuous cost reduction initiatives . · the increase in aec gross profit of $ 36.7 million , was principally due to the effect of the following individually significant items : § in the second quarter of 2017 , we recorded a charge of $ 15.8 million for a revision in the contract profitability of two long-term manufacturing contracts for the br725 and a380 programs . § during the third quarter of 2017 , the company decided to discontinue the bear claw® line of hydraulic fracking components used in the oil and gas industry , 28 which was part of the 2016 slc acquisition . that decision resulted in a $ 2.8 million charge to cost of goods sold for the write-off of inventory . § the net sales increase in 2018 , as described above , increased gross profit by approximately $ 10 million . story_separator_special_tag we have incurred significant restructuring charges in recent periods as we reduced mc manufacturing capacity and administrative positions in the united states , germany and france . review of operations replace_table_token_15_th net sales 2018 vs. 2017 · changes in currency translation rates had the effect of increasing 2018 sales by $ 6.1 million compared to 2017. that currency translation effect was principally due to the euro being stronger in 2018 than in 2017 . 34 · excluding the effect of changes in currency translation rates , net sales in mc increased 2.6 % . excluding the additional effect of adopting asc 606 , net sales increased 3.3 % , principally due to global growth in sales for the packaging and tissue grades . 2017 vs. 2016 · changes in currency translation rates had the effect of increasing 2017 sales by $ 3.1 million compared to 2016. that currency translation effect was principally due to the effect on european sales that resulted from the euro strengthening in the second half of 2017 . · excluding the effect of changes in currency translation rates , net sales in mc increased $ 5.1 million , or 0.9 % , principally due to the growth in tissue , packaging and pulp grades , which more than offset declines in the publication grades . gross profit 2018 vs. 2017 · higher sales in mc generated an increase in gross profit of approximately $ 10 million . · changes in currency translation rates , principally the brazilian real , had the effect of increasing mc gross profit approximately $ 5 million . · mc gross profit was also increased as a result of productivity improvements , which include the effect of continuous cost reduction initiatives . 2017 vs. 2016 · the increase in mc gross profit was principally due to the increase in net sales , as noted above . gross profit , as a percentage of sales , was 47.5 % in both 2017 and 2016 . · changes in currency translation rates did not have a significant effect on gross profit in 2017 , compared to 2016. operating income 2018 vs. 2017 the increase in operating income was principally due to the net effect of the following individually significant items : · gross profit increased $ 16.7 million due to higher sales , as changes in currency translation rates , as described above . · stg & r expenses decreased $ 8.0 million , principally due to year over year changes in foreign currency revaluation gains and losses , as described above . · restructuring charges were $ 12.3 million in 2018 , compared to $ 3.4 million in 2017 . 2017 vs. 2016 the increase in operating income was principally due to the net effect of the following individually significant items : 35 · gross profit increased $ 4.3 million due to higher sales , as described above . · stg & r expenses increased $ 5.5 million , principally due to year over year changes in foreign currency revaluation gains and losses , as described above . · restructuring charges were $ 3.4 million in 2017 , compared to $ 6.2 million in 2016. albany engineered composites segment the albany engineered composites ( aec ) segment , including albany safran composites , llc ( asc ) , in which our customer safran group owns a 10 percent noncontrolling interest , provides highly engineered advanced composite structures to customers primarily in the aerospace ( both commercial and defense ) industry . aec 's largest program relates to cfm international 's leap engine . aec , through asc , is the exclusive supplier of advanced composite fan blades and cases for this program under a long-term supply contract . other significant aec programs include components for the f-35 , fuselage frames for the boeing 787 , components for the ch-53k helicopter , and the fan case for the ge9x engine . review of operations replace_table_token_16_th net sales 2018 vs. 2017 the increase in net sales was principally due to the net effect of the following individually significant items : · excluding the effect of changes in currency translation rates , net sales increased 34.7 % . excluding the impact of adopting asc 606 , net sales increased 35.9 % , primarily driven by growth in the leap , boeing 787 , f-35 , and ch-53k programs . 2017 vs. 2016 the increase in net sales was principally due to the net effect of the following individually significant items : · net sales for the slc business increased $ 41.1 million , compared to 2016. the 2016 slc acquisition occurred in the second quarter of 2016 , resulting in an additional quarter of sales in 2017. slc net sales were also higher as a result of growth in the boeing 787 fuselage frames and f-35 programs . · sales in the leap program increased $ 32.8 million , or 39.5 % , compared to 2016 . 36 gross profit 2018 vs. 2017 the increase in aec gross profit in 2018 was principally due to the net effect of the following individually significant items : · in the second quarter of 2017 , we recorded a charge of $ 15.8 million for a revision in the contract profitability of two long-term manufacturing contracts for the br725 and a380 programs . · during the third quarter of 2017 , the company decided to discontinue the bear claw® line of hydraulic fracking components used in the oil and gas industry , which was part of the 2016 slc acquisition . that decision resulted in a $ 2.8 million charge to cost of goods sold for the write-off of inventory . · the net sales increase in 2018 , as described above , increased gross profit by approximately $ 10 million . · favorable adjustments to estimates of contract profitability in the fourth quarter of each year resulted in a reduction to cost of goods sold of $ 2.5

cash flow summary replace_table_token_17_th ( a ) includes accounts receivable , contract assets , inventories , and accounts payable . 39 operating activities cash provided by operating activities was $ 132.5 million in 2018 , compared to $ 64.2 million in 2017 , and $ 80.9 million in 2016. the net increase in cash provided by operating activities in 2018 was due to increased profitability in both mc and aec , partially offset by increases in working capital . in 2018 , the company made a $ 5 million voluntary contribution to its u.s. pension plan resulting in that plan being close to fully funded . growth in aec has resulted in working capital increases $ 26.0 million in 2018 , $ 21.0 million in 2017 , and $ 41.8 million in 2016. additionally , the noncurrent receivables held by aec have resulted in a use of cash of $ 12.2 million in 2018 , $ 18.8 million in 2017 and $ 14.0 million in 2016. changes in long-term liabilities , deferred taxes and other liabilities resulted in an increase to cash flows of $ 3.5 million in 2018 , a use of cash of totaling $ 11.4 million in 2017 , and an increase of cash totaling $ 0.7 million in 2016. the amount reported for 2017 was principally due to an amendment to a long-term agreement with a licensor for the a380 program . that agreement resulted in a $ 3.0 million cash payment , plus a $ 4.9 million reduction in the present value of the obligation to the supplier . cash paid for income taxes was $ 28.1 million , $ 23.7 million , and $ 23.4 million in 2018 , 2017 , and 2016 , respectively . at december 31 , 2018 , the company had $ 197.8 million of cash and cash equivalents , of which $ 144.2 million was held by subsidiaries outside of the united states .


 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.
     ```cash flow summary replace_table_token_17_th ( a ) includes accounts receivable , contract assets , inventories , and accounts payable . 39 operating activities cash provided by operating activities was $ 132.5 million in 2018 , compared to $ 64.2 million in 2017 , and $ 80.9 million in 2016. the net increase in cash provided by operating activities in 2018 was due to increased profitability in both mc and aec , partially offset by increases in working capital . in 2018 , the company made a $ 5 million voluntary contribution to its u.s. pension plan resulting in that plan being close to fully funded . growth in aec has resulted in working capital increases $ 26.0 million in 2018 , $ 21.0 million in 2017 , and $ 41.8 million in 2016. additionally , the noncurrent receivables held by aec have resulted in a use of cash of $ 12.2 million in 2018 , $ 18.8 million in 2017 and $ 14.0 million in 2016. changes in long-term liabilities , deferred taxes and other liabilities resulted in an increase to cash flows of $ 3.5 million in 2018 , a use of cash of totaling $ 11.4 million in 2017 , and an increase of cash totaling $ 0.7 million in 2016. the amount reported for 2017 was principally due to an amendment to a long-term agreement with a licensor for the a380 program . that agreement resulted in a $ 3.0 million cash payment , plus a $ 4.9 million reduction in the present value of the obligation to the supplier . cash paid for income taxes was $ 28.1 million , $ 23.7 million , and $ 23.4 million in 2018 , 2017 , and 2016 , respectively . at december 31 , 2018 , the company had $ 197.8 million of cash and cash equivalents , of which $ 144.2 million was held by subsidiaries outside of the united states .
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 Suspicious Activity Report : consolidated results of operations effective january 1 , 2018 , the company adopted the provisions of asc 606 , “ revenue from contracts with customers ” , using the modified retrospective ( or cumulative effect ) method for transition . under this transition method , periods prior to 2018 are not restated . the following table summarizes the effect on various financial statement line items that resulted from the adoption of asc 606 : replace_table_token_5_th the company acquired the outstanding shares of harris corporation 's composite aerostructures business for $ 187 million in cash , plus the assumption of certain liabilities , on april 8 , 2016. as the acquisition occurred during the year , the company 's 2016 results of operations include only a portion of the year , which can affect comparability amongst periods . the acquired entity , located in salt lake city ( slc ) , utah , is part of the aec segment . management believes that the acquisition broadened and deepened aec 's products , experience and manufacturing capabilities , and significantly increased opportunities for future growth . the following table presents operational results of the acquired entity that are included in the consolidated statements of income : replace_table_token_6_th 26 net sales the following table summarizes our net sales by business segment : replace_table_token_7_th the following table summarizes 2018 net sales by business segment , excluding the impact of asc 606 and currency translation effects : replace_table_token_8_th 2018 vs. 2017 · changes in currency translation rates had the effect of increasing net sales by $ 8.5 million ( 0.9 % of net sales ) , compared to 2017. that currency translation effect was principally due to the euro being stronger in 2018 as compared to 2017 . · excluding the effect of changes in currency translation rates : § consolidated net sales increased 12.8 % . excluding the additional effect of asc 606 , net sales increased 13.6 % . § net sales in mc increased 2.6 % . excluding the additional effect of adopting asc 606 , net sales increased 3.3 % , principally due to global growth in sales for packaging and tissue grades . § net sales in aec increased 34.7 % . excluding the additional effect of adopting asc 606 , net sales increased 35.9 % , primarily driven by growth in the leap , boeing 787 , f-35 , and ch-53k programs . 2017 vs. 2016 · changes in currency translation rates had the effect of increasing net sales by $ 3.7 million ( 0.4 % of net sales ) , compared to 2016. that currency translation effect was principally due to the effect on european sales that resulted from the euro strengthening in the second half of 2017 . · excluding the effect of changes in currency translation rates : § consolidated net sales increased 10.3 % . § net sales in mc increased $ 5.1 million , or 0.9 % . § net sales in aec increased $ 75.0 million , or 38.0 % . 27 · the increase in mc net sales was due to the growth in tissue , packaging and pulp grades , which more than offset declines in the publication grades . · the increase in aec net sales was principally due to : § slc sales increased $ 41.1 million . the 2016 slc acquisition occurred in the second quarter of 2016 , resulting in an additional quarter of sales in 2017. the slc sales increase was also due to the ramping up of key programs . § sales in the leap program increased $ 32.8 million , or 39.5 % , compared to 2016. backlog backlog in the mc segment was $ 204.6 million at december 31 , 2018 , compared to $ 201.1 million at december 31 , 2017. backlog in the aec segment increased to $ 377.3 million at december 31 , 2018 , compared to $ 327.9 million at december 31 , 2017 , reflecting the ramp-up in several key programs . all of the backlog in mc and approximately 90 % of the aec backlog is expected to be invoiced during the next 12 months . gross profit the following table summarizes gross profit by business segment : replace_table_token_9_th the increase in 2018 gross profit , as compared to 2017 , was principally due to the net effect of the following individually significant items : · the increase in mc gross profit of $ 16.7 million , was principally due to the effect of the following individually significant items : § higher sales in mc generated an increase in gross profit of approximately $ 10 million . § changes in currency translation rates , principally the brazilian real , had the effect of increasing mc gross profit by approximately $ 5 million . § mc gross profit was also increased as a result of productivity improvements , which include the impact of continuous cost reduction initiatives . · the increase in aec gross profit of $ 36.7 million , was principally due to the effect of the following individually significant items : § in the second quarter of 2017 , we recorded a charge of $ 15.8 million for a revision in the contract profitability of two long-term manufacturing contracts for the br725 and a380 programs . § during the third quarter of 2017 , the company decided to discontinue the bear claw® line of hydraulic fracking components used in the oil and gas industry , 28 which was part of the 2016 slc acquisition . that decision resulted in a $ 2.8 million charge to cost of goods sold for the write-off of inventory . § the net sales increase in 2018 , as described above , increased gross profit by approximately $ 10 million . story_separator_special_tag we have incurred significant restructuring charges in recent periods as we reduced mc manufacturing capacity and administrative positions in the united states , germany and france . review of operations replace_table_token_15_th net sales 2018 vs. 2017 · changes in currency translation rates had the effect of increasing 2018 sales by $ 6.1 million compared to 2017. that currency translation effect was principally due to the euro being stronger in 2018 than in 2017 . 34 · excluding the effect of changes in currency translation rates , net sales in mc increased 2.6 % . excluding the additional effect of adopting asc 606 , net sales increased 3.3 % , principally due to global growth in sales for the packaging and tissue grades . 2017 vs. 2016 · changes in currency translation rates had the effect of increasing 2017 sales by $ 3.1 million compared to 2016. that currency translation effect was principally due to the effect on european sales that resulted from the euro strengthening in the second half of 2017 . · excluding the effect of changes in currency translation rates , net sales in mc increased $ 5.1 million , or 0.9 % , principally due to the growth in tissue , packaging and pulp grades , which more than offset declines in the publication grades . gross profit 2018 vs. 2017 · higher sales in mc generated an increase in gross profit of approximately $ 10 million . · changes in currency translation rates , principally the brazilian real , had the effect of increasing mc gross profit approximately $ 5 million . · mc gross profit was also increased as a result of productivity improvements , which include the effect of continuous cost reduction initiatives . 2017 vs. 2016 · the increase in mc gross profit was principally due to the increase in net sales , as noted above . gross profit , as a percentage of sales , was 47.5 % in both 2017 and 2016 . · changes in currency translation rates did not have a significant effect on gross profit in 2017 , compared to 2016. operating income 2018 vs. 2017 the increase in operating income was principally due to the net effect of the following individually significant items : · gross profit increased $ 16.7 million due to higher sales , as changes in currency translation rates , as described above . · stg & r expenses decreased $ 8.0 million , principally due to year over year changes in foreign currency revaluation gains and losses , as described above . · restructuring charges were $ 12.3 million in 2018 , compared to $ 3.4 million in 2017 . 2017 vs. 2016 the increase in operating income was principally due to the net effect of the following individually significant items : 35 · gross profit increased $ 4.3 million due to higher sales , as described above . · stg & r expenses increased $ 5.5 million , principally due to year over year changes in foreign currency revaluation gains and losses , as described above . · restructuring charges were $ 3.4 million in 2017 , compared to $ 6.2 million in 2016. albany engineered composites segment the albany engineered composites ( aec ) segment , including albany safran composites , llc ( asc ) , in which our customer safran group owns a 10 percent noncontrolling interest , provides highly engineered advanced composite structures to customers primarily in the aerospace ( both commercial and defense ) industry . aec 's largest program relates to cfm international 's leap engine . aec , through asc , is the exclusive supplier of advanced composite fan blades and cases for this program under a long-term supply contract . other significant aec programs include components for the f-35 , fuselage frames for the boeing 787 , components for the ch-53k helicopter , and the fan case for the ge9x engine . review of operations replace_table_token_16_th net sales 2018 vs. 2017 the increase in net sales was principally due to the net effect of the following individually significant items : · excluding the effect of changes in currency translation rates , net sales increased 34.7 % . excluding the impact of adopting asc 606 , net sales increased 35.9 % , primarily driven by growth in the leap , boeing 787 , f-35 , and ch-53k programs . 2017 vs. 2016 the increase in net sales was principally due to the net effect of the following individually significant items : · net sales for the slc business increased $ 41.1 million , compared to 2016. the 2016 slc acquisition occurred in the second quarter of 2016 , resulting in an additional quarter of sales in 2017. slc net sales were also higher as a result of growth in the boeing 787 fuselage frames and f-35 programs . · sales in the leap program increased $ 32.8 million , or 39.5 % , compared to 2016 . 36 gross profit 2018 vs. 2017 the increase in aec gross profit in 2018 was principally due to the net effect of the following individually significant items : · in the second quarter of 2017 , we recorded a charge of $ 15.8 million for a revision in the contract profitability of two long-term manufacturing contracts for the br725 and a380 programs . · during the third quarter of 2017 , the company decided to discontinue the bear claw® line of hydraulic fracking components used in the oil and gas industry , which was part of the 2016 slc acquisition . that decision resulted in a $ 2.8 million charge to cost of goods sold for the write-off of inventory . · the net sales increase in 2018 , as described above , increased gross profit by approximately $ 10 million . · favorable adjustments to estimates of contract profitability in the fourth quarter of each year resulted in a reduction to cost of goods sold of $ 2.5

