the markets for our products are cyclical , and we have endeavored to mitigate this cyclicality by entering into sole-source relationships and long-term purchase agreements , through diversification across multiple market segments within the aerospace and industrial segments , by increasing sales to the aftermarket and by focusing on developing highly customized solutions . 21 currently , our strategy is built around maintaining our role as a leading manufacturer of precision bearings and components through the following efforts : ● developing innovative solutions . by leveraging our design and manufacturing expertise and our extensive customer relationships , we continue to develop new products for markets in which there are substantial growth opportunities . ● expanding customer base and penetrating end markets . we continually seek opportunities to access new customers , geographic locations and bearing platforms with existing products or profitable new product opportunities . ● increasing aftermarket sales . we believe that increasing our aftermarket sales of replacement parts will further enhance the continuity and predictability of our revenues and enhance our profitability . such sales included sales to third party distributors , sales to oems for replacement products and aftermarket services . we will increase the percentage of our revenues derived from the replacement market by continuing to implement several initiatives . ● pursuing selective acquisitions . the acquisition of businesses that complement or expand our operations has been and continues to be an important element of our business strategy . we believe that there will continue to be consolidation within the industry that may present us with acquisition opportunities . we have demonstrated expertise in acquiring and integrating bearing and precision engineered component manufacturers that have complementary products or distribution channels and provide significant potential for margin enhancement . we have consistently increased the profitability of acquired businesses through a process of methods and systems improvement coupled with the introduction of complementary and proprietary new products . since october 1992 we have completed 25 acquisitions , which have broadened our end markets , products , customer base and geographic reach . the following items highlight the most recent significant events : ● in the second quarter of fiscal 2018 , the company reached a decision to restructure its manufacturing operation in montreal , canada . after completing its obligations , the company expects to close its rbc canada location and consolidate certain residual assets into other locations by the end of this fiscal year . as a result , the company recorded an after-tax charge of $ 5.6 million associated with the restructuring in the second quarter of fiscal 2018 attributable to the engineered products segment . the $ 5.6 million charge includes a $ 1.3 million impairment of fixed assets and a $ 5.2 million impairment of intangible assets offset by a $ 0.9 million tax benefit . the impairment charges were recognized within the “ other , net ” line item within the consolidated statement of operations . the company determined that the market approach was the most appropriate method to estimate the fair value of the fixed assets using comparable sales data and actual quotes from potential buyers in the market place . the fixed assets are comprised of land , a building , machinery and equipment . the company assessed the fair value of the intangible assets in accordance with asc 360-10 , which are comprised of customer relationships , product approvals , tradenames and trademarks . these fair value measurements were classified as level 3 in the valuation hierarchy . in the third and fourth quarters of fiscal 2018 , the company incurred restructuring charges of $ 1.1 million and $ 0.1 million comprised primarily of employee termination costs and building maintenance costs . these costs were recorded within the “ other , net ” line item within the consolidated statement of operations and are all attributable to the engineered products segment . the cumulative restructuring charges as of the end of the fourth quarter of fiscal 2018 , net of taxes , were $ 6.8 million . the total impact of this restructuring is expected to be between $ 6.8 million and $ 7.3 million in after-tax charges , all attributable to the engineered products segment , and is expected to conclude in the first quarter of fiscal 2019. in the third quarter of fiscal 2017 , the company reached a decision to integrate and restructure its industrial manufacturing operation in south carolina . the company exited a few smaller product offerings and consolidated two manufacturing facilities into one . these restructuring efforts will better align our manufacturing capacity and market focus . as a result , the company recorded a charge of $ 7.1 million associated with the restructuring in the third quarter of fiscal 2017 attributable to the roller bearings segment . the $ 7.1 million charge includes $ 3.2 million of inventory rationalization costs , $ 0.3 million in impairment of intangibles , $ 2.4 million loss on fixed assets disposals , and $ 1.2 million exit obligation associated with a building operating lease , of which , $ 0.8 million remains . the reduction of the exit obligation since the third quarter of fiscal 2017 was primarily related to lease payments made . the inventory rationalization costs were recorded in cost of sales in the income statement . all other costs were recorded under operating expenses in the “ other , net ” category of the income statement . the pre-tax charge of $ 7.1 million was offset with a tax benefit of approximately $ 2.2 million . the company determined that the market approach was the most appropriate method to estimate the fair value for the inventory , intangible assets , equipment and building operating lease using comparable sales data and actual quotes from potential buyers in the market place . story_separator_special_tag corporate : replace_table_token_19_th corporate sg & a increased $ 4.5 million or 9.2 % for fiscal 2018 compared to fiscal 2017. this was primarily due to increases in stock compensation expense of $ 1.3 million and personnel-related expenses of $ 3.2 million fiscal 2017 compared to fiscal 2016 results of operations replace_table_token_20_th net sales increased $ 17.9 million , or 3.0 % , for fiscal 2017 over fiscal 2016. this increase was mainly the result of a 2.9 % increase in net sales to the aerospace markets of $ 11.5 million combined with a 3.1 % increase in industrial net sales of $ 6.4 million . the increase in aerospace net sales was driven by commercial aircraft build rates while the increase in industrial net sales was due to improving conditions in the mining , semiconductor and general industrial markets . net income increased by $ 6.7 million to $ 70.6 million for fiscal 2017 compared to fiscal 2016. net income for fiscal 2017 was affected by the after tax impact of $ 0.3 million in costs associated with the sargent acquisition and $ 4.9 million of costs associated with restructuring offset by $ 0.2 million of discrete tax benefit and $ 0.2 million of foreign exchange gain . net income for fiscal 2016 was affected by the after tax impact of $ 3.4 million in costs and $ 4.8 million in inventory purchase accounting associated with the sargent acquisition , $ 0.7 million of costs associated with integration and restructuring , litigation reserves of $ 1.1 million and a $ 0.1 million loss on extinguishment of debt offset by $ 0.2 million of discrete tax benefit . gross margin replace_table_token_21_th gross margin increased $ 10.8 million , or 4.9 % , for fiscal 2017 compared to the same period last fiscal year . gross margin for fiscal 2017 was affected by $ 3.2 million of restructuring charges and $ 0.4 million of purchase accounting adjustments associated with the sargent acquisition . gross margin for fiscal 2016 was impacted by $ 7.2 million of purchase accounting adjustments associated with the sargent acquisition . selling , general and administrative replace_table_token_22_th 28 sg & a increased as a percentage of net sales to 16.7 % in fiscal 2017 from 16.5 % in fiscal 2016. sg & a expenses increased by $ 4.2 million to $ 102.9 million for fiscal 2017 compared to fiscal 2016. this increase is primarily due to $ 1.9 million of additional stock compensation expense , $ 1.8 million of personnel related expenses , and $ 0.5 million of other miscellaneous expenses . other , net replace_table_token_23_th other operating expenses for fiscal 2017 totaled $ 13.0 million compared to $ 16.2 million for fiscal 2016. for fiscal 2017 , other operating expenses were comprised of $ 9.3 million in amortization of intangibles , $ 4.1 million of restructuring costs , and $ 0.2 million of miscellaneous costs offset by other income of $ 0.6 million . for fiscal 2016 , other operating expenses were comprised of $ 9.0 million in amortization of intangibles , $ 5.1 million of acquisition related costs , $ 1.7 million in litigation reserves and $ 1.0 million in integration and restructuring costs offset by other income of $ 0.6 million . interest expense , net replace_table_token_24_th interest expense , net , generally consists of interest charged on our debt and amortization of debt issuance costs offset by interest income ( see “ liquidity and capital resources – liquidity ” , below ) . interest expense , net was $ 8.7 million for fiscal 2017 compared to $ 8.7 million for fiscal 2016. this included amortization of debt issuance costs of $ 1.4 million for fiscal 2017 compared to $ 1.3 million for fiscal 2016. other non-operating expense replace_table_token_25_th other non-operating expense for fiscal 2017 totaled $ 0.1 million , consisting primarily of $ 0.2 million of foreign currency gains offset by $ 0.3 million of other miscellaneous costs . income taxes replace_table_token_26_th income tax expense for fiscal 2017 was $ 34.3 million compared to $ 30.9 million for fiscal 2016. our effective income tax rate for fiscal 2017 was 32.7 % compared to 32.6 % for fiscal 2016. in addition to discrete items , the effective income tax rates are different from the u.s. statutory rate due to a special manufacturing deduction and research credit in the u.s. and foreign income taxed at lower rates which decrease the rate , and state income taxes which increase the rate . the effective income tax rate for fiscal 2017 of 32.7 % includes discrete items of $ 0.2 million which are comprised substantially of unrecognized tax benefits associated with federal and state income tax audits closing and the expiration of statutes of limitations along with other permanent adjustments from the filing of the fiscal 2016 tax return . the effective income tax rate for fiscal 2017 without these discrete items would have been 32.9 % . the effective income tax rate for fiscal 2016 of 32.6 % includes discrete items of $ 0.2 million which are comprised substantially of unrecognized tax benefits associated with federal and state income tax audits closing , the expiration of statutes of limitations and an item associated with federal legislation reinstating the u.s. research credit . the effective income tax rate for fiscal 2016 without these discrete items would have been 32.8 % . 29 segment information we have four reportable product segments : plain bearings , roller bearings , ball bearings and engineered products . we use net sales and gross margin as the primary measurement to assess the financial performance of each reportable segment . plain bearing segment : replace_table_token_27_th net sales increased $ 7.2 million , or 2.6 % , for fiscal 2017 compared to fiscal 2016. the net sales increase of $ 7.2 million for this segment was mostly attributable to a net sales increase to the aerospace sector of $ 11.2 million primarily driven by the

cash flows fiscal 2018 compared to fiscal 2017 the following table summarizes our cash flow activities : replace_table_token_32_th during fiscal 2018 we generated cash of $ 130.3 million from operating activities compared to $ 101.3 million for fiscal 2017. the increase of $ 29.0 million for fiscal 2018 was mainly the result of an increase in net income of $ 16.5 million , addition of non-cash charges of $ 1.2 million and a favorable net change in operating assets and liabilities of $ 11.3 million . the following chart summarizes the favorable ( unfavorable ) change in operating assets and liabilities of $ 11.3 million for fiscal 2018 versus fiscal 2017 and ( $ 2.3 ) million for fiscal 2017 versus fiscal 2016. replace_table_token_33_th during fiscal 2018 , we used $ 27.9 million for investing activities as compared to $ 21.4 for fiscal 2017. during fiscal 2018 , we used $ 89.9 million for financing activities compared to $ 78.8 million for fiscal 2017. during fiscal 2018 , we paid $ 84.0 million on the revolving credit facility and $ 13.8 million on the term loan . the year over year increase in cash used of $ 11.1 million is due in part to increased payments made on the term loan of $ 3.8 million . in addition , the adoption of accounting standards update ( “ asu ” ) no . 2016-09 , “ compensation – stock compensation ( topic 718 ) : improvements to employee share-based payment accounting ” on april 2 , 2017 resulted in the company electing to prospectively classify all tax-related cash flows resulting from share-based payments , including the excess tax benefits related to the settlement of stock-based awards , as cash flows from operating activities in the statement of cash flows . prior to the adoption of this standard , these were shown as cash inflows from financing activities and cash outflows from operating activities .


 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 flows fiscal 2018 compared to fiscal 2017 the following table summarizes our cash flow activities : replace_table_token_32_th during fiscal 2018 we generated cash of $ 130.3 million from operating activities compared to $ 101.3 million for fiscal 2017. the increase of $ 29.0 million for fiscal 2018 was mainly the result of an increase in net income of $ 16.5 million , addition of non-cash charges of $ 1.2 million and a favorable net change in operating assets and liabilities of $ 11.3 million . the following chart summarizes the favorable ( unfavorable ) change in operating assets and liabilities of $ 11.3 million for fiscal 2018 versus fiscal 2017 and ( $ 2.3 ) million for fiscal 2017 versus fiscal 2016. replace_table_token_33_th during fiscal 2018 , we used $ 27.9 million for investing activities as compared to $ 21.4 for fiscal 2017. during fiscal 2018 , we used $ 89.9 million for financing activities compared to $ 78.8 million for fiscal 2017. during fiscal 2018 , we paid $ 84.0 million on the revolving credit facility and $ 13.8 million on the term loan . the year over year increase in cash used of $ 11.1 million is due in part to increased payments made on the term loan of $ 3.8 million . in addition , the adoption of accounting standards update ( “ asu ” ) no . 2016-09 , “ compensation – stock compensation ( topic 718 ) : improvements to employee share-based payment accounting ” on april 2 , 2017 resulted in the company electing to prospectively classify all tax-related cash flows resulting from share-based payments , including the excess tax benefits related to the settlement of stock-based awards , as cash flows from operating activities in the statement of cash flows . prior to the adoption of this standard , these were shown as cash inflows from financing activities and cash outflows from operating activities .
```    
 Suspicious Activity Report : the markets for our products are cyclical , and we have endeavored to mitigate this cyclicality by entering into sole-source relationships and long-term purchase agreements , through diversification across multiple market segments within the aerospace and industrial segments , by increasing sales to the aftermarket and by focusing on developing highly customized solutions . 21 currently , our strategy is built around maintaining our role as a leading manufacturer of precision bearings and components through the following efforts : ● developing innovative solutions . by leveraging our design and manufacturing expertise and our extensive customer relationships , we continue to develop new products for markets in which there are substantial growth opportunities . ● expanding customer base and penetrating end markets . we continually seek opportunities to access new customers , geographic locations and bearing platforms with existing products or profitable new product opportunities . ● increasing aftermarket sales . we believe that increasing our aftermarket sales of replacement parts will further enhance the continuity and predictability of our revenues and enhance our profitability . such sales included sales to third party distributors , sales to oems for replacement products and aftermarket services . we will increase the percentage of our revenues derived from the replacement market by continuing to implement several initiatives . ● pursuing selective acquisitions . the acquisition of businesses that complement or expand our operations has been and continues to be an important element of our business strategy . we believe that there will continue to be consolidation within the industry that may present us with acquisition opportunities . we have demonstrated expertise in acquiring and integrating bearing and precision engineered component manufacturers that have complementary products or distribution channels and provide significant potential for margin enhancement . we have consistently increased the profitability of acquired businesses through a process of methods and systems improvement coupled with the introduction of complementary and proprietary new products . since october 1992 we have completed 25 acquisitions , which have broadened our end markets , products , customer base and geographic reach . the following items highlight the most recent significant events : ● in the second quarter of fiscal 2018 , the company reached a decision to restructure its manufacturing operation in montreal , canada . after completing its obligations , the company expects to close its rbc canada location and consolidate certain residual assets into other locations by the end of this fiscal year . as a result , the company recorded an after-tax charge of $ 5.6 million associated with the restructuring in the second quarter of fiscal 2018 attributable to the engineered products segment . the $ 5.6 million charge includes a $ 1.3 million impairment of fixed assets and a $ 5.2 million impairment of intangible assets offset by a $ 0.9 million tax benefit . the impairment charges were recognized within the “ other , net ” line item within the consolidated statement of operations . the company determined that the market approach was the most appropriate method to estimate the fair value of the fixed assets using comparable sales data and actual quotes from potential buyers in the market place . the fixed assets are comprised of land , a building , machinery and equipment . the company assessed the fair value of the intangible assets in accordance with asc 360-10 , which are comprised of customer relationships , product approvals , tradenames and trademarks . these fair value measurements were classified as level 3 in the valuation hierarchy . in the third and fourth quarters of fiscal 2018 , the company incurred restructuring charges of $ 1.1 million and $ 0.1 million comprised primarily of employee termination costs and building maintenance costs . these costs were recorded within the “ other , net ” line item within the consolidated statement of operations and are all attributable to the engineered products segment . the cumulative restructuring charges as of the end of the fourth quarter of fiscal 2018 , net of taxes , were $ 6.8 million . the total impact of this restructuring is expected to be between $ 6.8 million and $ 7.3 million in after-tax charges , all attributable to the engineered products segment , and is expected to conclude in the first quarter of fiscal 2019. in the third quarter of fiscal 2017 , the company reached a decision to integrate and restructure its industrial manufacturing operation in south carolina . the company exited a few smaller product offerings and consolidated two manufacturing facilities into one . these restructuring efforts will better align our manufacturing capacity and market focus . as a result , the company recorded a charge of $ 7.1 million associated with the restructuring in the third quarter of fiscal 2017 attributable to the roller bearings segment . the $ 7.1 million charge includes $ 3.2 million of inventory rationalization costs , $ 0.3 million in impairment of intangibles , $ 2.4 million loss on fixed assets disposals , and $ 1.2 million exit obligation associated with a building operating lease , of which , $ 0.8 million remains . the reduction of the exit obligation since the third quarter of fiscal 2017 was primarily related to lease payments made . the inventory rationalization costs were recorded in cost of sales in the income statement . all other costs were recorded under operating expenses in the “ other , net ” category of the income statement . the pre-tax charge of $ 7.1 million was offset with a tax benefit of approximately $ 2.2 million . the company determined that the market approach was the most appropriate method to estimate the fair value for the inventory , intangible assets , equipment and building operating lease using comparable sales data and actual quotes from potential buyers in the market place . story_separator_special_tag corporate : replace_table_token_19_th corporate sg & a increased $ 4.5 million or 9.2 % for fiscal 2018 compared to fiscal 2017. this was primarily due to increases in stock compensation expense of $ 1.3 million and personnel-related expenses of $ 3.2 million fiscal 2017 compared to fiscal 2016 results of operations replace_table_token_20_th net sales increased $ 17.9 million , or 3.0 % , for fiscal 2017 over fiscal 2016. this increase was mainly the result of a 2.9 % increase in net sales to the aerospace markets of $ 11.5 million combined with a 3.1 % increase in industrial net sales of $ 6.4 million . the increase in aerospace net sales was driven by commercial aircraft build rates while the increase in industrial net sales was due to improving conditions in the mining , semiconductor and general industrial markets . net income increased by $ 6.7 million to $ 70.6 million for fiscal 2017 compared to fiscal 2016. net income for fiscal 2017 was affected by the after tax impact of $ 0.3 million in costs associated with the sargent acquisition and $ 4.9 million of costs associated with restructuring offset by $ 0.2 million of discrete tax benefit and $ 0.2 million of foreign exchange gain . net income for fiscal 2016 was affected by the after tax impact of $ 3.4 million in costs and $ 4.8 million in inventory purchase accounting associated with the sargent acquisition , $ 0.7 million of costs associated with integration and restructuring , litigation reserves of $ 1.1 million and a $ 0.1 million loss on extinguishment of debt offset by $ 0.2 million of discrete tax benefit . gross margin replace_table_token_21_th gross margin increased $ 10.8 million , or 4.9 % , for fiscal 2017 compared to the same period last fiscal year . gross margin for fiscal 2017 was affected by $ 3.2 million of restructuring charges and $ 0.4 million of purchase accounting adjustments associated with the sargent acquisition . gross margin for fiscal 2016 was impacted by $ 7.2 million of purchase accounting adjustments associated with the sargent acquisition . selling , general and administrative replace_table_token_22_th 28 sg & a increased as a percentage of net sales to 16.7 % in fiscal 2017 from 16.5 % in fiscal 2016. sg & a expenses increased by $ 4.2 million to $ 102.9 million for fiscal 2017 compared to fiscal 2016. this increase is primarily due to $ 1.9 million of additional stock compensation expense , $ 1.8 million of personnel related expenses , and $ 0.5 million of other miscellaneous expenses . other , net replace_table_token_23_th other operating expenses for fiscal 2017 totaled $ 13.0 million compared to $ 16.2 million for fiscal 2016. for fiscal 2017 , other operating expenses were comprised of $ 9.3 million in amortization of intangibles , $ 4.1 million of restructuring costs , and $ 0.2 million of miscellaneous costs offset by other income of $ 0.6 million . for fiscal 2016 , other operating expenses were comprised of $ 9.0 million in amortization of intangibles , $ 5.1 million of acquisition related costs , $ 1.7 million in litigation reserves and $ 1.0 million in integration and restructuring costs offset by other income of $ 0.6 million . interest expense , net replace_table_token_24_th interest expense , net , generally consists of interest charged on our debt and amortization of debt issuance costs offset by interest income ( see “ liquidity and capital resources – liquidity ” , below ) . interest expense , net was $ 8.7 million for fiscal 2017 compared to $ 8.7 million for fiscal 2016. this included amortization of debt issuance costs of $ 1.4 million for fiscal 2017 compared to $ 1.3 million for fiscal 2016. other non-operating expense replace_table_token_25_th other non-operating expense for fiscal 2017 totaled $ 0.1 million , consisting primarily of $ 0.2 million of foreign currency gains offset by $ 0.3 million of other miscellaneous costs . income taxes replace_table_token_26_th income tax expense for fiscal 2017 was $ 34.3 million compared to $ 30.9 million for fiscal 2016. our effective income tax rate for fiscal 2017 was 32.7 % compared to 32.6 % for fiscal 2016. in addition to discrete items , the effective income tax rates are different from the u.s. statutory rate due to a special manufacturing deduction and research credit in the u.s. and foreign income taxed at lower rates which decrease the rate , and state income taxes which increase the rate . the effective income tax rate for fiscal 2017 of 32.7 % includes discrete items of $ 0.2 million which are comprised substantially of unrecognized tax benefits associated with federal and state income tax audits closing and the expiration of statutes of limitations along with other permanent adjustments from the filing of the fiscal 2016 tax return . the effective income tax rate for fiscal 2017 without these discrete items would have been 32.9 % . the effective income tax rate for fiscal 2016 of 32.6 % includes discrete items of $ 0.2 million which are comprised substantially of unrecognized tax benefits associated with federal and state income tax audits closing , the expiration of statutes of limitations and an item associated with federal legislation reinstating the u.s. research credit . the effective income tax rate for fiscal 2016 without these discrete items would have been 32.8 % . 29 segment information we have four reportable product segments : plain bearings , roller bearings , ball bearings and engineered products . we use net sales and gross margin as the primary measurement to assess the financial performance of each reportable segment . plain bearing segment : replace_table_token_27_th net sales increased $ 7.2 million , or 2.6 % , for fiscal 2017 compared to fiscal 2016. the net sales increase of $ 7.2 million for this segment was mostly attributable to a net sales increase to the aerospace sector of $ 11.2 million primarily driven by the

