net sales and operating results have historically been lowest in the three month periods ending december 31 and march 31 when the northern united states and all of canada generally experience weather that significantly restricts construction activity . a significant portion of our net sales is directly related to residential construction , municipal water infrastructure and non-residential construction activity in the united states . various external sources forecast annualized housing starts increase 12 % to 40 % in calendar 2010 compared to calendar 2009. we expect our related sales to lag any recovery in the residential construction market . in addition , we believe municipal water infrastructure spending could be influenced by an increase in demand in the second half of fiscal 2010 primarily driven by stimulus spending . we also expect non-residential construction to decrease in fiscal 2010 as a result of a slowdown in general economic activity . independent forecasts of calendar 2010 non-residential construction activity indicate a decline of 16 % compared to calendar 2009. as a result , most of our manufacturing facilities are operating significantly below their optimal capacities . since the end of fiscal 2008 , we have reduced headcount , consolidated facilities , reduced operating days and reduced overall spending activities in response to lower demand for our products . during the third and fourth quarters of fiscal 2009 , however , we increased production at mueller co. and u.s. pipe compared to the second quarter due to a seasonal uptick in demand . we continually monitor our production activities in response to evolving business conditions and expect to take additional steps to improve inventory turns . restructuring actions at u.s. pipe 's north birmingham facility resulted in lower fixed costs , reduced capacity and a $ 38.5 million non-cash restructuring charge , primarily for impairment of property , plant and equipment , during the year ended september 30 , 2009. in addition to reduced demand in water infrastructure markets , we believe our distributors have also reduced their inventory levels in response to current economic conditions . we expect our distributors to maintain lower inventory levels for the near future . we test our goodwill and other noncurrent assets for possible impairment at least annually as of september 1 and more frequently in the event that certain conditions exist indicating impairment may have occurred . the testing is a two-step process . step 1 compares the fair value of a reporting unit to its carrying value . we have identified each of our segments as a reporting unit . step 2 is a more detailed analysis of the fair value of each reporting unit 's individual assets and liabilities and is performed if step 1 indicates possible impairment . our step 1 testing as of september 1 , 2008 did not indicate possible impairment . subsequent to september 1 , 2008 , equity markets in the united states and our stock market capitalization in particular decreased significantly . we considered these decreases as such a condition to perform interim impairment testing . our valuation for the company was based on a combination of our estimate of our future cash flows and the market comparable valuations of similar companies . our estimate of future cash flows extends a number of years into the future . these estimates are complex , subjective and uncertain and reflect our estimate of the business conditions in the future , over which we may have very little control . choosing an appropriate discount rate to apply to these estimated cash flows is also complex and subjective . we use our estimated future cash flows as the best information of future cash flows available to our investors . we use the market comparable valuations as a reasonable method to value the risks investors perceive in companies like ours . we weight our cash flow estimates at least as heavily as the market comparable data . at december 31 , 2008 , our step 1 testing indicated possible impairment so we proceeded to step 2 testing . 32 index to financial statements at december 31 , 2008 , we reported estimated goodwill impairment charges of $ 59.5 million for u.s. pipe , completely impairing its goodwill , and $ 340.5 million against mueller co. 's prior goodwill balance of $ 718.4 million , subject to additional fair value analysis . any additional impairment charge was not expected to exceed $ 200 million . during the three months ended march 31 , 2009 , however , our common stock began trading at prices significantly lower than prior periods , especially beginning in february . our lower market capitalization prompted us to perform a second interim impairment assessment at march 31 , 2009. this testing led to the conclusion that all of our remaining goodwill was fully impaired . during the three months ended march 31 , 2009 , we recorded additional goodwill impairment charges of $ 376.8 million for mueller co. and $ 92.7 million for anvil . in conjunction with the testing of goodwill for impairment , we also compared the estimated fair values of our identified other intangible assets to their respective carrying values and determined that the carrying amount of trademarks and trade names at mueller co. had been impaired . at march 31 , 2009 , we recorded an impairment charge against these assets of $ 101.4 million . mueller co. 's trademarks and trade names have a remaining carrying value of $ 263.0 million at september 30 , 2009. a significant portion of our pension plan assets is invested in equity securities . the overall deterioration of u.s. and international equity markets in the latter part of 2008 and early 2009 caused the fair market value of these assets to decline . story_separator_special_tag there was no goodwill at september 30 , 2009 compared to $ 871.5 million at september 30 , 2008. we deemed goodwill was impaired and wrote it off during the year ended september 30 , 2009. identifiable intangible assets were $ 663.6 million at september 30 , 2009 compared to $ 789.8 million at september 30 , 2008. finite-lived intangible assets , $ 363.3 million of net book value at september 30 , 2009 , are 41 index to financial statements amortized over their estimated useful lives . such amortization expense was $ 30.7 million during fiscal 2009 and is expected to be a similar amount for each of the next five years . indefinite-lived identifiable intangible assets , $ 300.3 million at september 30 , 2009 , are not amortized , but tested at least annually for possible impairment . we concluded from an interim review during fiscal 2009 that the carrying amount of indefinite-lived identifiable intangible assets had been impaired by $ 101.4 million . we concluded from our annual review at september 1 , 2009 that no other impairments had occurred . we also concluded that no events occurred during fiscal 2009 requiring testing for possible additional impairment at any date subsequent to march 31 , 2009. accounts payable and other current liabilities were $ 209.1 million at september 30 , 2009 compared to $ 285.0 million at september 30 , 2008. compared to quarterly spending activity , these amounts represented approximately 60 days of purchases at september 30 , 2009 compared to approximately 56 days of purchases at september 30 , 2008 , each of which is consistent with recent historical trends . payment patterns for various purchases vary significantly , ranging from payroll which is paid very frequently to incentive compensation and customer rebates that might only be paid once per year . outstanding borrowings were $ 740.2 million at september 30 , 2009 compared to $ 1,095.5 million at september 30 , 2008. the decrease of $ 355.3 million during fiscal 2009 was due primarily to prepayments of $ 125 million of borrowings under the amended 2007 credit agreement in june 2009 , $ 50 million in august 2009 and $ 168 million in september 2009. principal payments due during fiscal 2010 are $ 11.7 million . deferred income taxes were net liabilities of $ 149.2 million at september 30 , 2009 compared to net liabilities of $ 247.6 million at september 30 , 2008. deferred tax liabilities related to property , plant and equipment , goodwill and identifiable intangible assets were $ 251.1 million and $ 322.2 million at september 30 , 2009 and 2008 , respectively . liquidity and capital resources we had cash and cash equivalents of $ 61.5 million and $ 154.7 million of unused capacity under the revolving credit facility component of our amended 2007 credit agreement at september 30 , 2009. the borrowing capacity of the revolving credit facility is subject to the financial covenants under the amended 2007 credit agreement . cash flows from operating activities are categorized below . replace_table_token_12_th collections of receivables were lower during the year ended september 30 , 2009 compared to the prior year primarily due to lower year over year shipment volumes . reduced disbursements , other than interest and income taxes , during the year ended september 30 , 2009 reflect timing differences and lower volumes of material , labor and overhead purchased . capital expenditures 42 index to financial statements were $ 39.7 million during the year ended september 30 , 2009 compared to $ 88.1 million for fiscal 2008. in addition to these capital expenditures , mueller co. purchased data collection-related technology associated with its hersey meters products for $ 8.7 million . we divested certain assets of anvil 's non-core electrical fittings and couplings business in november 2009. we received $ 12.8 million cash and certain assets of seminole tubular company , which complement our existing mechanical pipe nipple business . we believe this transaction will generate cash and enhance our overall product offerings . a significant portion of the assets invested in our defined benefit pension plans is invested in equity securities . equity markets generally have been very volatile during the period between september 30 , 2008 and september 30 , 2009. an analysis of the funded status of our u.s. pension plans will be performed as of january 1 , 2010 for purposes of determining funding thresholds under provisions of the pension protection act . if equity markets continue to perform poorly , we will lower our estimated rate of return on these assets , which will cause pension expense to increase and require higher levels of company contributions to these plans . changes in pension expense and contribution requirements may be spread over many years . pension contributions were approximately $ 24.0 million during the year ended september 30 , 2009 and we currently estimate contributing approximately $ 23 million to $ 25 million to our u.s. pension plans during fiscal 2010. we anticipate that our existing cash , cash equivalents and borrowing capacity combined with our expected operating cash flows will be sufficient to meet our anticipated operating expenses , capital expenditures , pension contributions and scheduled debt service obligations as they become due for at least the next twelve months . however , our ability to make scheduled payments of principal , to pay interest or to refinance our debt and to satisfy our other debt obligations will depend upon our future operating performance , which will be affected by general economic , financial , competitive , legislative , regulatory , business and other factors beyond our control . 2007 credit agreement the amended 2007 credit agreement includes term loan a , term loan b and a revolving credit facility . borrowings under the amended 2007 credit agreement bear interest at a floating rate equal to libor plus a margin ranging from 500 to 600 basis points depending on our consolidated

loss on early extinguishment of debt . loss on early extinguishment of debt was from the company retiring our outstanding senior subordinated notes and senior discount notes primarily with the proceeds from the issuance of $ 425.0 million of 7 3 / 8 % senior subordinated notes and amending our credit agreement in may 2007. income tax expense . income tax expense was $ 31.7 million for the year ended september 30 , 2008 compared to $ 38.5 million during fiscal 2007. the effective tax rates for fiscal 2008 and fiscal 2007 were 43.0 % and 44.4 % , respectively . the effective tax rates differ from the u.s. statutory rate of 35 % primarily due to nondeductible interest , nondeductible compensation , manufacturing production deductions and state income taxes . in addition , fiscal 2007 included $ 1.1 million of state income tax expense related to periods prior to fiscal 2007 with respect to certain matters associated with the acquisition of mueller co. and anvil . segment analysis mueller co. net sales were $ 718.1 million for the year ended september 30 , 2008 , a decrease of $ 38.0 million , or 5.0 % , compared to $ 756.1 million during fiscal 2007. this decline was primarily due to approximately $ 72 million of lower volumes partially offset by approximately $ 27 million of higher prices and approximately $ 7 million due to the favorable impact of canadian foreign currency exchange rates . lower volumes were principally due to continued weakness in residential construction . higher prices resulted from efforts to offset higher raw material and purchased component costs .


 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.
     ```loss on early extinguishment of debt . loss on early extinguishment of debt was from the company retiring our outstanding senior subordinated notes and senior discount notes primarily with the proceeds from the issuance of $ 425.0 million of 7 3 / 8 % senior subordinated notes and amending our credit agreement in may 2007. income tax expense . income tax expense was $ 31.7 million for the year ended september 30 , 2008 compared to $ 38.5 million during fiscal 2007. the effective tax rates for fiscal 2008 and fiscal 2007 were 43.0 % and 44.4 % , respectively . the effective tax rates differ from the u.s. statutory rate of 35 % primarily due to nondeductible interest , nondeductible compensation , manufacturing production deductions and state income taxes . in addition , fiscal 2007 included $ 1.1 million of state income tax expense related to periods prior to fiscal 2007 with respect to certain matters associated with the acquisition of mueller co. and anvil . segment analysis mueller co. net sales were $ 718.1 million for the year ended september 30 , 2008 , a decrease of $ 38.0 million , or 5.0 % , compared to $ 756.1 million during fiscal 2007. this decline was primarily due to approximately $ 72 million of lower volumes partially offset by approximately $ 27 million of higher prices and approximately $ 7 million due to the favorable impact of canadian foreign currency exchange rates . lower volumes were principally due to continued weakness in residential construction . higher prices resulted from efforts to offset higher raw material and purchased component costs .
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 Suspicious Activity Report : net sales and operating results have historically been lowest in the three month periods ending december 31 and march 31 when the northern united states and all of canada generally experience weather that significantly restricts construction activity . a significant portion of our net sales is directly related to residential construction , municipal water infrastructure and non-residential construction activity in the united states . various external sources forecast annualized housing starts increase 12 % to 40 % in calendar 2010 compared to calendar 2009. we expect our related sales to lag any recovery in the residential construction market . in addition , we believe municipal water infrastructure spending could be influenced by an increase in demand in the second half of fiscal 2010 primarily driven by stimulus spending . we also expect non-residential construction to decrease in fiscal 2010 as a result of a slowdown in general economic activity . independent forecasts of calendar 2010 non-residential construction activity indicate a decline of 16 % compared to calendar 2009. as a result , most of our manufacturing facilities are operating significantly below their optimal capacities . since the end of fiscal 2008 , we have reduced headcount , consolidated facilities , reduced operating days and reduced overall spending activities in response to lower demand for our products . during the third and fourth quarters of fiscal 2009 , however , we increased production at mueller co. and u.s. pipe compared to the second quarter due to a seasonal uptick in demand . we continually monitor our production activities in response to evolving business conditions and expect to take additional steps to improve inventory turns . restructuring actions at u.s. pipe 's north birmingham facility resulted in lower fixed costs , reduced capacity and a $ 38.5 million non-cash restructuring charge , primarily for impairment of property , plant and equipment , during the year ended september 30 , 2009. in addition to reduced demand in water infrastructure markets , we believe our distributors have also reduced their inventory levels in response to current economic conditions . we expect our distributors to maintain lower inventory levels for the near future . we test our goodwill and other noncurrent assets for possible impairment at least annually as of september 1 and more frequently in the event that certain conditions exist indicating impairment may have occurred . the testing is a two-step process . step 1 compares the fair value of a reporting unit to its carrying value . we have identified each of our segments as a reporting unit . step 2 is a more detailed analysis of the fair value of each reporting unit 's individual assets and liabilities and is performed if step 1 indicates possible impairment . our step 1 testing as of september 1 , 2008 did not indicate possible impairment . subsequent to september 1 , 2008 , equity markets in the united states and our stock market capitalization in particular decreased significantly . we considered these decreases as such a condition to perform interim impairment testing . our valuation for the company was based on a combination of our estimate of our future cash flows and the market comparable valuations of similar companies . our estimate of future cash flows extends a number of years into the future . these estimates are complex , subjective and uncertain and reflect our estimate of the business conditions in the future , over which we may have very little control . choosing an appropriate discount rate to apply to these estimated cash flows is also complex and subjective . we use our estimated future cash flows as the best information of future cash flows available to our investors . we use the market comparable valuations as a reasonable method to value the risks investors perceive in companies like ours . we weight our cash flow estimates at least as heavily as the market comparable data . at december 31 , 2008 , our step 1 testing indicated possible impairment so we proceeded to step 2 testing . 32 index to financial statements at december 31 , 2008 , we reported estimated goodwill impairment charges of $ 59.5 million for u.s. pipe , completely impairing its goodwill , and $ 340.5 million against mueller co. 's prior goodwill balance of $ 718.4 million , subject to additional fair value analysis . any additional impairment charge was not expected to exceed $ 200 million . during the three months ended march 31 , 2009 , however , our common stock began trading at prices significantly lower than prior periods , especially beginning in february . our lower market capitalization prompted us to perform a second interim impairment assessment at march 31 , 2009. this testing led to the conclusion that all of our remaining goodwill was fully impaired . during the three months ended march 31 , 2009 , we recorded additional goodwill impairment charges of $ 376.8 million for mueller co. and $ 92.7 million for anvil . in conjunction with the testing of goodwill for impairment , we also compared the estimated fair values of our identified other intangible assets to their respective carrying values and determined that the carrying amount of trademarks and trade names at mueller co. had been impaired . at march 31 , 2009 , we recorded an impairment charge against these assets of $ 101.4 million . mueller co. 's trademarks and trade names have a remaining carrying value of $ 263.0 million at september 30 , 2009. a significant portion of our pension plan assets is invested in equity securities . the overall deterioration of u.s. and international equity markets in the latter part of 2008 and early 2009 caused the fair market value of these assets to decline . story_separator_special_tag there was no goodwill at september 30 , 2009 compared to $ 871.5 million at september 30 , 2008. we deemed goodwill was impaired and wrote it off during the year ended september 30 , 2009. identifiable intangible assets were $ 663.6 million at september 30 , 2009 compared to $ 789.8 million at september 30 , 2008. finite-lived intangible assets , $ 363.3 million of net book value at september 30 , 2009 , are 41 index to financial statements amortized over their estimated useful lives . such amortization expense was $ 30.7 million during fiscal 2009 and is expected to be a similar amount for each of the next five years . indefinite-lived identifiable intangible assets , $ 300.3 million at september 30 , 2009 , are not amortized , but tested at least annually for possible impairment . we concluded from an interim review during fiscal 2009 that the carrying amount of indefinite-lived identifiable intangible assets had been impaired by $ 101.4 million . we concluded from our annual review at september 1 , 2009 that no other impairments had occurred . we also concluded that no events occurred during fiscal 2009 requiring testing for possible additional impairment at any date subsequent to march 31 , 2009. accounts payable and other current liabilities were $ 209.1 million at september 30 , 2009 compared to $ 285.0 million at september 30 , 2008. compared to quarterly spending activity , these amounts represented approximately 60 days of purchases at september 30 , 2009 compared to approximately 56 days of purchases at september 30 , 2008 , each of which is consistent with recent historical trends . payment patterns for various purchases vary significantly , ranging from payroll which is paid very frequently to incentive compensation and customer rebates that might only be paid once per year . outstanding borrowings were $ 740.2 million at september 30 , 2009 compared to $ 1,095.5 million at september 30 , 2008. the decrease of $ 355.3 million during fiscal 2009 was due primarily to prepayments of $ 125 million of borrowings under the amended 2007 credit agreement in june 2009 , $ 50 million in august 2009 and $ 168 million in september 2009. principal payments due during fiscal 2010 are $ 11.7 million . deferred income taxes were net liabilities of $ 149.2 million at september 30 , 2009 compared to net liabilities of $ 247.6 million at september 30 , 2008. deferred tax liabilities related to property , plant and equipment , goodwill and identifiable intangible assets were $ 251.1 million and $ 322.2 million at september 30 , 2009 and 2008 , respectively . liquidity and capital resources we had cash and cash equivalents of $ 61.5 million and $ 154.7 million of unused capacity under the revolving credit facility component of our amended 2007 credit agreement at september 30 , 2009. the borrowing capacity of the revolving credit facility is subject to the financial covenants under the amended 2007 credit agreement . cash flows from operating activities are categorized below . replace_table_token_12_th collections of receivables were lower during the year ended september 30 , 2009 compared to the prior year primarily due to lower year over year shipment volumes . reduced disbursements , other than interest and income taxes , during the year ended september 30 , 2009 reflect timing differences and lower volumes of material , labor and overhead purchased . capital expenditures 42 index to financial statements were $ 39.7 million during the year ended september 30 , 2009 compared to $ 88.1 million for fiscal 2008. in addition to these capital expenditures , mueller co. purchased data collection-related technology associated with its hersey meters products for $ 8.7 million . we divested certain assets of anvil 's non-core electrical fittings and couplings business in november 2009. we received $ 12.8 million cash and certain assets of seminole tubular company , which complement our existing mechanical pipe nipple business . we believe this transaction will generate cash and enhance our overall product offerings . a significant portion of the assets invested in our defined benefit pension plans is invested in equity securities . equity markets generally have been very volatile during the period between september 30 , 2008 and september 30 , 2009. an analysis of the funded status of our u.s. pension plans will be performed as of january 1 , 2010 for purposes of determining funding thresholds under provisions of the pension protection act . if equity markets continue to perform poorly , we will lower our estimated rate of return on these assets , which will cause pension expense to increase and require higher levels of company contributions to these plans . changes in pension expense and contribution requirements may be spread over many years . pension contributions were approximately $ 24.0 million during the year ended september 30 , 2009 and we currently estimate contributing approximately $ 23 million to $ 25 million to our u.s. pension plans during fiscal 2010. we anticipate that our existing cash , cash equivalents and borrowing capacity combined with our expected operating cash flows will be sufficient to meet our anticipated operating expenses , capital expenditures , pension contributions and scheduled debt service obligations as they become due for at least the next twelve months . however , our ability to make scheduled payments of principal , to pay interest or to refinance our debt and to satisfy our other debt obligations will depend upon our future operating performance , which will be affected by general economic , financial , competitive , legislative , regulatory , business and other factors beyond our control . 2007 credit agreement the amended 2007 credit agreement includes term loan a , term loan b and a revolving credit facility . borrowings under the amended 2007 credit agreement bear interest at a floating rate equal to libor plus a margin ranging from 500 to 600 basis points depending on our consolidated

