27 , 2011 , our board of directors authorized a repurchase of up to $ 30 million of jbt common shares through december 31 , 2014. as we evaluate our operating results , we consider performance indicators like segment revenue and operating profit in addition to the level of inbound orders and order backlog . 25 consolidated results of operations replace_table_token_5_th 2011 compared with 2010 total revenue increased by $ 75.4 million in 2011 compared to 2010. the increase in revenue was driven by $ 27.7 million of higher product sales , $ 12.3 million of higher aftermarket parts and services sales and $ 25.3 million of higher revenue due to the favorable impact of foreign currency translation . operating income decreased by $ 13.9 million in 2011 compared to 2010 , while operating income margin decreased from 7.6 % to 5.6 % . the decrease in operating income resulted from the following : · gross profit remained unchanged but decreased by $ 6.9 million in constant currency . gross profit decreased by $ 20.2 million due to lower gross profit margin , which resulted from the strengthening of the swedish krona and brazilian real , higher costs in certain jbt foodtech product lines and an unfavorable mix of products sold as compared to the prior year . this decrease was partially offset by $ 13.3 million of higher profit due to higher sales volume in the jbt aerotech segment . · selling , general and administrative expenses increased by $ 5.1 million , but only by $ 0.5 million in constant currencies , and decreased as a percentage of revenue from 16.8 % to 16.0 % . · research and development expense increased by $ 1.0 million , primarily due to expenditures on developing new gate equipment products . · restructuring expense was $ 7.9 million higher than in prior year . net interest expense was $ 1.4 million lower in 2011 compared to 2010 primarily as a result of a lower overall interest rate on our variable rate debt , which was 1.5 % in 2011 and 2.5 % in 2010. income tax expense for 2011 reflects an income tax rate of 34.1 % compared to 36.1 % in the same period in 2010. the difference in the rate is attributable to the release of $ 1.2 million in valuation allowance for certain foreign deferred tax assets . 2010 compared with 2009 total revenue increased by $ 38.8 million in 2010 compared to 2009 as a result of higher product sales . jbt aerotech 's revenue increased by $ 30.5 million as a result of higher demand for our ground support equipment and gate equipment products . jbt foodtech 's revenue in constant currency remained relatively unchanged as higher sales of freezing and chilling products and protein processing products were offset by lower sales of fruit processing products and in-container processing products . favorable impact of foreign currency translation resulted in $ 5.8 million of higher revenue . 26 operating income increased by $ 9.4 million in 2010 compared to 2009 while operating income margins improved from 6.9 % to 7.6 % . the increase in operating income resulted from the following : · gross profit increased by $ 10.3 million in 2010 compared to 2009. higher sales volume and a slight improvement in gross profit margins resulted in an increase in gross profit of $ 8.8 million and $ 0.5 million , respectively . savings in retirement benefit costs due to the freeze of the u.s. pension plan at the end of 2009 were partially offset by higher healthcare costs . the remaining increase in gross profit was primarily due to the favorable impact of foreign currency translation . · selling , general and administrative expenses remained flat and decreased as a percentage of revenue from 17.6 % to 16.8 % . · research and development expenses remained relatively unchanged as a percentage of revenue . · gains on investments in our non-qualified deferred compensation plan , which are reported in other ( income ) expense , net , were $ 0.6 million lower in 2010 compared to 2009. net interest expense was $ 1.0 million lower in 2010 compared to 2009. the decrease in net interest expense was a result of a lower overall interest rate on our variable rate debt due to maturity of a $ 25 million interest rate swap on january 30 , 2010. the interest rate swap previously fixed the interest rate on a portion of our borrowings under the credit facility at 4.9 % . income tax expense for 2010 reflects an income tax rate of 36.1 % compared to 32.9 % for 2009. the difference in the rate is attributable to higher earnings in higher tax jurisdictions relative to the prior year and the absence of a comparable reversal of a valuation allowance on deferred tax assets recorded in 2009. operating results of business segments replace_table_token_6_th segment operating profit is defined as total segment revenue less segment operating expenses . the following items have been excluded in computing segment operating profit : corporate staff expense , foreign currency related gains and losses , lifo provisions , restructuring costs , certain employee benefit expenses , interest income and expense and income taxes . restructuring costs included in other expense , net were : replace_table_token_7_th 27 jbt foodtech 2011 compared with 2010 jbt foodtech 's revenue increased by $ 21.8 million in 2011 compared to 2010. excluding the favorable impact of foreign currency translation , revenue decreased by $ 1.5 million . the decrease in revenue was driven by $ 28.9 million of lower sales of freezing and chilling products and protein processing products primarily in the north american region . story_separator_special_tag if an entity concludes that it is more likely than not that a reporting unit 's fair value is less than its carrying amount , then a quantitative test is required . in performing the quantitative test , we determine the fair value of a reporting unit using the “ income approach ” valuation method . we use a discounted cash flow model in which cash flows anticipated over several periods , plus a terminal value at the end of that time horizon , are discounted to their present value using an appropriate rate of return . the cash flows are derived from internal forecasts for the reporting unit . forecasting future income requires us to use a significant amount of judgment . in estimating future income , we use our internal operating budgets and long-range planning projections . we develop our budgets and long-range projections based on recent results , trends , economic and industry forecasts influencing our performance , our backlog , planned timing of new product launches , and customer sales commitments . we also apply judgment when selecting appropriate discount rates , identifying relevant market comparables , incorporating general economic and market conditions and selecting an appropriate control premium . we completed our annual goodwill impairment test as of october 31 , 2011. due to restructuring charges recorded in our food processing systems division ( fpsd ) , which includes the in-container processing and fruit processing product lines , we chose to bypass the qualitative assessment and perform the quantitative goodwill impairment test for fpsd . goodwill for the fpsd operating segment is tested at the reporting unit level , which is also the operating segment level . the results of our impairment test indicated that the fair value of the reporting unit exceeded its book value by a significant amount . a discount rate of 10.5 % was used . increasing the discount rate to 13 % would not have affected our conclusion . as a result of the assessment of the qualitative factors , we have determined it is not necessary to perform the quantitative goodwill impairment test on any of our other reporting units . self-insurance reserves we purchase third-party insurance for workers ' compensation , automobile , product and general liability claims that exceed a certain level . we are responsible for the payment of claims under these insured limits as well as claims under our self-insured healthcare plans . the obligations associated with the incurred losses are determined using actuarial estimates . these estimates are based on historical information along with certain assumptions about future events . changes in assumptions for medical costs , environmental hazards , and legal actions , as well as changes in actual experience could cause these estimates to change which could potentially be material to our results of operation and financial condition . accounting for income taxes in determining our current income tax provision , we assess temporary differences resulting from differing treatments of items for tax and accounting purposes . these differences result in deferred tax assets and liabilities , which are recorded in our consolidated balance sheets . when we maintain deferred tax assets , we must assess the likelihood that these assets will be recovered through adjustments to future taxable income . to the extent we believe recovery is not likely , we establish a valuation allowance . we record an allowance reducing the asset to a value we believe will be recoverable based on our expectation of future taxable income . we believe the accounting estimate related to the valuation allowance is a critical accounting estimate because it is highly susceptible to change from period to period as it requires management to make assumptions about our future income over the lives of the deferred tax assets , and the impact of increasing or decreasing the valuation allowance is potentially material to our results of operations . forecasting future income requires us to use a significant amount of judgment . in estimating future income , we use our internal operating budgets and long-range planning projections . we develop our budgets and long-range projections based on recent results , trends , economic and industry forecasts influencing our segments ' performance , our backlog , planned timing of new product launches , and customer sales commitments . significant changes in the expected realizability of the net deferred tax assets would require that we adjust the valuation allowance , resulting in a change to net income . as of december 31 , 2011 , we estimated that it is not likely that we will realize income tax deductions for certain uncollectible receivables and , therefore , we have provided a valuation allowance against the related deferred tax assets . we have estimated that it is likely that we will generate future taxable income in the u.s. and most foreign jurisdictions , and have therefore not provided a valuation allowance against most of our deferred tax assets . defined benefit pension and other postretirement plans pension and other postretirement plans ' costs require the use of assumptions for discount rates , investment returns , employee turnover rates , retirement rates , mortality rates and other factors . the actuarial assumptions used in our pension and postretirement benefit reporting are reviewed annually and compared with external benchmarks to ensure that they appropriately account for our future pension and postretirement benefit obligations . while we believe that the assumptions used are appropriate , differences between assumed and actual experience may affect our operating results . our pension and other postretirement benefits expense is typically sensitive to changes in our estimate of discount rate . however , holding other assumptions constant , a change of 0.5 percentage points in the discount rate would not significantly change the annual expense for 2011. our pension expense is sensitive to changes in our estimate of expected rate of return on plan assets . the expected return on assets used in calculating the pension

cash flows cash flows for each of the years in the three-year period ended on december 31 , 2011 were as follows : replace_table_token_10_th cash flows provided by continuing operating activities in 2011 were $ 37.0 million , representing a $ 19.4 million increase compared to 2010. the change in the cash flows is primarily attributable to a much higher collection of receivables during 2011 than during 2010. additionally , during 2011 and 2010 we contributed $ 10.4 million and $ 13.1 million , respectively , to our pension and other postretirement benefit plans . the majority of our investing activities support the maintenance and upgrading of our installed base of leased equipment . our annual capital spending typically ranges from $ 20.0 million to $ 25.0 million . cash flows required by financing activities in 2011 were $ 18.5 million compared to cash flows provided by financing activities of $ 4.9 million in 2010. during 2011 , we reduced our debt by $ 6.8 million compared to an increase in debt of $ 14.7 million in 2010. tax withheld on restricted stock granted in the year of our spin-off from fmc technologies , inc. and vested in 2011 was $ 1.3 million higher in 2011 compared to 2010. financing arrangements we have a $ 225 million revolving credit facility that expires on july 31, 2013. borrowings under the credit facility bear interest , at our option , at libor or an alternative base rate , which is the greater of jpmorgan chase , n.a .


 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 cash flows for each of the years in the three-year period ended on december 31 , 2011 were as follows : replace_table_token_10_th cash flows provided by continuing operating activities in 2011 were $ 37.0 million , representing a $ 19.4 million increase compared to 2010. the change in the cash flows is primarily attributable to a much higher collection of receivables during 2011 than during 2010. additionally , during 2011 and 2010 we contributed $ 10.4 million and $ 13.1 million , respectively , to our pension and other postretirement benefit plans . the majority of our investing activities support the maintenance and upgrading of our installed base of leased equipment . our annual capital spending typically ranges from $ 20.0 million to $ 25.0 million . cash flows required by financing activities in 2011 were $ 18.5 million compared to cash flows provided by financing activities of $ 4.9 million in 2010. during 2011 , we reduced our debt by $ 6.8 million compared to an increase in debt of $ 14.7 million in 2010. tax withheld on restricted stock granted in the year of our spin-off from fmc technologies , inc. and vested in 2011 was $ 1.3 million higher in 2011 compared to 2010. financing arrangements we have a $ 225 million revolving credit facility that expires on july 31, 2013. borrowings under the credit facility bear interest , at our option , at libor or an alternative base rate , which is the greater of jpmorgan chase , n.a .
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 Suspicious Activity Report : 27 , 2011 , our board of directors authorized a repurchase of up to $ 30 million of jbt common shares through december 31 , 2014. as we evaluate our operating results , we consider performance indicators like segment revenue and operating profit in addition to the level of inbound orders and order backlog . 25 consolidated results of operations replace_table_token_5_th 2011 compared with 2010 total revenue increased by $ 75.4 million in 2011 compared to 2010. the increase in revenue was driven by $ 27.7 million of higher product sales , $ 12.3 million of higher aftermarket parts and services sales and $ 25.3 million of higher revenue due to the favorable impact of foreign currency translation . operating income decreased by $ 13.9 million in 2011 compared to 2010 , while operating income margin decreased from 7.6 % to 5.6 % . the decrease in operating income resulted from the following : · gross profit remained unchanged but decreased by $ 6.9 million in constant currency . gross profit decreased by $ 20.2 million due to lower gross profit margin , which resulted from the strengthening of the swedish krona and brazilian real , higher costs in certain jbt foodtech product lines and an unfavorable mix of products sold as compared to the prior year . this decrease was partially offset by $ 13.3 million of higher profit due to higher sales volume in the jbt aerotech segment . · selling , general and administrative expenses increased by $ 5.1 million , but only by $ 0.5 million in constant currencies , and decreased as a percentage of revenue from 16.8 % to 16.0 % . · research and development expense increased by $ 1.0 million , primarily due to expenditures on developing new gate equipment products . · restructuring expense was $ 7.9 million higher than in prior year . net interest expense was $ 1.4 million lower in 2011 compared to 2010 primarily as a result of a lower overall interest rate on our variable rate debt , which was 1.5 % in 2011 and 2.5 % in 2010. income tax expense for 2011 reflects an income tax rate of 34.1 % compared to 36.1 % in the same period in 2010. the difference in the rate is attributable to the release of $ 1.2 million in valuation allowance for certain foreign deferred tax assets . 2010 compared with 2009 total revenue increased by $ 38.8 million in 2010 compared to 2009 as a result of higher product sales . jbt aerotech 's revenue increased by $ 30.5 million as a result of higher demand for our ground support equipment and gate equipment products . jbt foodtech 's revenue in constant currency remained relatively unchanged as higher sales of freezing and chilling products and protein processing products were offset by lower sales of fruit processing products and in-container processing products . favorable impact of foreign currency translation resulted in $ 5.8 million of higher revenue . 26 operating income increased by $ 9.4 million in 2010 compared to 2009 while operating income margins improved from 6.9 % to 7.6 % . the increase in operating income resulted from the following : · gross profit increased by $ 10.3 million in 2010 compared to 2009. higher sales volume and a slight improvement in gross profit margins resulted in an increase in gross profit of $ 8.8 million and $ 0.5 million , respectively . savings in retirement benefit costs due to the freeze of the u.s. pension plan at the end of 2009 were partially offset by higher healthcare costs . the remaining increase in gross profit was primarily due to the favorable impact of foreign currency translation . · selling , general and administrative expenses remained flat and decreased as a percentage of revenue from 17.6 % to 16.8 % . · research and development expenses remained relatively unchanged as a percentage of revenue . · gains on investments in our non-qualified deferred compensation plan , which are reported in other ( income ) expense , net , were $ 0.6 million lower in 2010 compared to 2009. net interest expense was $ 1.0 million lower in 2010 compared to 2009. the decrease in net interest expense was a result of a lower overall interest rate on our variable rate debt due to maturity of a $ 25 million interest rate swap on january 30 , 2010. the interest rate swap previously fixed the interest rate on a portion of our borrowings under the credit facility at 4.9 % . income tax expense for 2010 reflects an income tax rate of 36.1 % compared to 32.9 % for 2009. the difference in the rate is attributable to higher earnings in higher tax jurisdictions relative to the prior year and the absence of a comparable reversal of a valuation allowance on deferred tax assets recorded in 2009. operating results of business segments replace_table_token_6_th segment operating profit is defined as total segment revenue less segment operating expenses . the following items have been excluded in computing segment operating profit : corporate staff expense , foreign currency related gains and losses , lifo provisions , restructuring costs , certain employee benefit expenses , interest income and expense and income taxes . restructuring costs included in other expense , net were : replace_table_token_7_th 27 jbt foodtech 2011 compared with 2010 jbt foodtech 's revenue increased by $ 21.8 million in 2011 compared to 2010. excluding the favorable impact of foreign currency translation , revenue decreased by $ 1.5 million . the decrease in revenue was driven by $ 28.9 million of lower sales of freezing and chilling products and protein processing products primarily in the north american region . story_separator_special_tag if an entity concludes that it is more likely than not that a reporting unit 's fair value is less than its carrying amount , then a quantitative test is required . in performing the quantitative test , we determine the fair value of a reporting unit using the “ income approach ” valuation method . we use a discounted cash flow model in which cash flows anticipated over several periods , plus a terminal value at the end of that time horizon , are discounted to their present value using an appropriate rate of return . the cash flows are derived from internal forecasts for the reporting unit . forecasting future income requires us to use a significant amount of judgment . in estimating future income , we use our internal operating budgets and long-range planning projections . we develop our budgets and long-range projections based on recent results , trends , economic and industry forecasts influencing our performance , our backlog , planned timing of new product launches , and customer sales commitments . we also apply judgment when selecting appropriate discount rates , identifying relevant market comparables , incorporating general economic and market conditions and selecting an appropriate control premium . we completed our annual goodwill impairment test as of october 31 , 2011. due to restructuring charges recorded in our food processing systems division ( fpsd ) , which includes the in-container processing and fruit processing product lines , we chose to bypass the qualitative assessment and perform the quantitative goodwill impairment test for fpsd . goodwill for the fpsd operating segment is tested at the reporting unit level , which is also the operating segment level . the results of our impairment test indicated that the fair value of the reporting unit exceeded its book value by a significant amount . a discount rate of 10.5 % was used . increasing the discount rate to 13 % would not have affected our conclusion . as a result of the assessment of the qualitative factors , we have determined it is not necessary to perform the quantitative goodwill impairment test on any of our other reporting units . self-insurance reserves we purchase third-party insurance for workers ' compensation , automobile , product and general liability claims that exceed a certain level . we are responsible for the payment of claims under these insured limits as well as claims under our self-insured healthcare plans . the obligations associated with the incurred losses are determined using actuarial estimates . these estimates are based on historical information along with certain assumptions about future events . changes in assumptions for medical costs , environmental hazards , and legal actions , as well as changes in actual experience could cause these estimates to change which could potentially be material to our results of operation and financial condition . accounting for income taxes in determining our current income tax provision , we assess temporary differences resulting from differing treatments of items for tax and accounting purposes . these differences result in deferred tax assets and liabilities , which are recorded in our consolidated balance sheets . when we maintain deferred tax assets , we must assess the likelihood that these assets will be recovered through adjustments to future taxable income . to the extent we believe recovery is not likely , we establish a valuation allowance . we record an allowance reducing the asset to a value we believe will be recoverable based on our expectation of future taxable income . we believe the accounting estimate related to the valuation allowance is a critical accounting estimate because it is highly susceptible to change from period to period as it requires management to make assumptions about our future income over the lives of the deferred tax assets , and the impact of increasing or decreasing the valuation allowance is potentially material to our results of operations . forecasting future income requires us to use a significant amount of judgment . in estimating future income , we use our internal operating budgets and long-range planning projections . we develop our budgets and long-range projections based on recent results , trends , economic and industry forecasts influencing our segments ' performance , our backlog , planned timing of new product launches , and customer sales commitments . significant changes in the expected realizability of the net deferred tax assets would require that we adjust the valuation allowance , resulting in a change to net income . as of december 31 , 2011 , we estimated that it is not likely that we will realize income tax deductions for certain uncollectible receivables and , therefore , we have provided a valuation allowance against the related deferred tax assets . we have estimated that it is likely that we will generate future taxable income in the u.s. and most foreign jurisdictions , and have therefore not provided a valuation allowance against most of our deferred tax assets . defined benefit pension and other postretirement plans pension and other postretirement plans ' costs require the use of assumptions for discount rates , investment returns , employee turnover rates , retirement rates , mortality rates and other factors . the actuarial assumptions used in our pension and postretirement benefit reporting are reviewed annually and compared with external benchmarks to ensure that they appropriately account for our future pension and postretirement benefit obligations . while we believe that the assumptions used are appropriate , differences between assumed and actual experience may affect our operating results . our pension and other postretirement benefits expense is typically sensitive to changes in our estimate of discount rate . however , holding other assumptions constant , a change of 0.5 percentage points in the discount rate would not significantly change the annual expense for 2011. our pension expense is sensitive to changes in our estimate of expected rate of return on plan assets . the expected return on assets used in calculating the pension

