performance : sales growth cost of products sold selling , general and administrative expense net income cash flow from operations and capital spending 19 customer service reliability external and internal quality indicators employee development critical accounting policies our significant accounting policies , including the assumptions and judgment underlying them , are disclosed in note 1 of the notes to consolidated financial statements . these policies have been consistently applied in all material respects and address such matters as revenue recognition , inventory valuation and asset impairment recognition . due to the estimation processes involved , management considers the following summarized accounting policies and their application to be critical to understanding our business operations , financial condition and results of operations . we can not assure you that actual results will not significantly differ from the estimates used in these critical accounting policies . goodwill and acquired intangibles . for new acquisitions , we use estimates , assumptions and appraisals to allocate the purchase price to the assets acquired and to determine the amount of goodwill . these estimates are based on market analyses and comparisons to similar assets . annual procedures are required to be performed to assess whether recorded goodwill is impaired . the annual tests require management to make estimates and assumptions with regard to the future operations of its reporting units , and the expected cash flows that they will generate . these estimates and assumptions could impact the recorded value of assets acquired in a business combination , including goodwill , and whether or not there is any subsequent impairment of the recorded goodwill and the amount of such impairment . goodwill is tested for impairment on an annual basis as of october 1 and between annual tests if a triggering event occurs . the impairment procedures are performed at the reporting unit level for the one reporting unit that still has goodwill . in testing goodwill , we have the option to first assess qualitative factors to determine whether it is necessary to perform a two-step test . if an entity believes , as a result of its qualitative assessment , that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount including goodwill , the quantitative impairment test is required . otherwise , no further testing is required . the decision to perform a qualitative assessment or perform a complete step 1 analysis is an annual decision made by management based on several factors including budget to actual performance , economic , market and industry considerations such as automotive production rates in the geographic markets we serve and cash flow from operations . u.s. gaap prescribes a two-step process for testing for goodwill impairments . the first step is to determine if the carrying value of the reporting unit with goodwill is less than the related fair value of the reporting unit . we determine the fair value of the reporting unit through use of discounted cash flow methods and market based multiples of earning and sales methods obtained from a grouping of comparable publicly trading companies . we believe this methodology of valuation is consistent with how market participants would value reporting units . the discount rate and market based multiples used are specifically developed for the units tested regarding the level of risk and end markets served . even though we do use other observable inputs ( level 2 inputs under the us gaap hierarchy ) the calculation of fair value for goodwill would be most consistent with level 3 under the us gaap hierarchy . if the carrying value of the reporting unit , including goodwill , is less than fair value of the reporting unit , the goodwill is not considered impaired . if the carrying value is greater than fair value then the potential for impairment of goodwill exists . the potential impairment is determined by allocating the fair value of the reporting unit among the assets and liabilities based on a purchase price allocation methodology as if the reporting unit was acquired in a business combination . the fair value of the goodwill is implied from this allocation and compared to the carrying value with an impairment loss recognized if the carrying value is greater than the implied fair value . our indefinite lived intangible asset is accounted for similarly to goodwill . this asset is tested for impairment at least annually by comparing the fair value to the carrying value , using the relief from royalty rate method , and if the fair value is less than the carrying value , an impairment charge is recognized for the difference . we elected to use step 1 testing even though a qualitative approach was available to us . income taxes . income taxes are accounted for under the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying 20 amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date . the calculation of tax assets , liabilities , and expenses under u.s. gaap is largely dependent on management judgment of the current and future deductibility and utilization of taxable expenses and benefits using a more likely than not threshold . story_separator_special_tag partially offsetting the volume effects were benefits from specific continuous improvement projects undertaken through our level 3 program in 2012 and from good overall cost control at our european units during this very difficult operating environment . additionally , targeted price increases and favorable sales mix helped offset some of negative sales volume effects . precision metal components segment replace_table_token_12_th the majority of the increase in sales at this segment was due to fulfilling sales orders , at the full year run rate , for a new sales program to a new customer started in 2011. this new sales program had not reached the full year run rate during 2011. the segment improved from a net loss to a net income due to profits from increased sales volumes and from the elimination of start-up costs on the new multi-year sales programs incurred during 2011. during 2011 , this segment incurred $ 6 million of operational inefficiencies and additional costs related to ramping up production for new large multi-year sales programs which did not repeat during 2012. beyond eliminating the start-up costs , this segment has improved operationally by reducing scrap , labor , and expediting costs . finally , 2012 net income included $ 1.8 million of net tax benefits related to the reversal of valuation allowances on segment deferred tax assets . plastic and rubber components segment replace_table_token_13_th lower sales volumes were due to expirations of sales programs with certain customers . 2012 segment net income was impacted by $ 2.2 million of net tax benefits related to the reversal of valuation allowances on segment deferred tax assets . excluding the tax benefit , net income was actually down $ 1.2 million due to the lower sales volumes partially offset by price increases and favorable sales mix . changes in financial condition from december 31 , 2012 to december 31 , 2013. from december 31 , 2012 to december 31 , 2013 , our total assets decreased $ 2.9 million and our current assets decreased $ 1.6 million . the appreciation in the value of euro denominated account balances and chinese yuan denominated account balances , relative to the u.s. dollar , caused total assets and current assets to increase approximately $ 6.3 million and $ 2.8 million , respectively , from december 31 , 2012. the decrease in total assets was due to a $ 16.0 million decrease in cash used to pay down our outstanding debt balance . this reduction was partially offset by a $ 6.3 million increase in accounts receivable and $ 7.2 million increase in inventory . 27 excluding the foreign exchange effects , accounts receivable increased by $ 6.3 million due primarily to the 12 % increase in sales volume in december and november of 2013 from sales levels in december and november of 2012. the days sales outstanding as of december 31 , 2013 was consistent with the days sales outstanding as of december 31 , 2012. excluding the foreign exchange effects , inventories increased by $ 7.2 million from december 31 , 2012 , primarily due to increasing consigned finished goods with our largest customer and due to increasing inventory levels to fulfill seasonal demand in the first and second quarter of 2014. from december 31 , 2012 to december 31 , 2013 , our total liabilities decreased $ 27.1 million . the appreciation in the value of euro and chinese yuan denominated account balances , relative to the u.s. dollar , caused total liabilities to increase approximately $ 2.1 million from december 31 , 2012. the majority of the reduction was from a $ 33 million decrease in long-term and short-term debt achieved by reducing our cash balance $ 16.0 million and from using free cash flows of $ 17.1 generated during 2013. the debt reduction was partially offset by increases in accounts payable of $ 2.6 million due the higher levels of sales and production experienced during the fourth quarter of 2013 versus the fourth quarter of 2012. working capital , which consists principally of cash , accounts receivable and inventories offset by accounts payable and current maturities of long-term debt , was $ 56.3 million at december 31 , 2013 as compared to $ 68.5 million at december 31 , 2012. the ratio of current assets to current liabilities decreased from 2.17:1 at december 31 , 2012 to 1.81:1 at december 31 , 2013. the decrease in working capital was due primarily to the decreased cash balance and increased accounts payable balance as discussed above . cash flow provided by operations was $ 31.8 million for 2013 compared with $ 37.4 million for 2012. the unfavorable variance in cash flow provided by operations was principally due to increasing net working capital during 2013 to meet the increased sales and production volume levels . in 2012 , the working capital decreased to the reduction in sales levels from 2011 to 2012. cash used by investing activities was $ 15.3 million in 2013 compared with cash used by investing activities of $ 14.8 million in 2012. the decrease was primarily due to $ 1.8 million in lower spending on acquisitions of property plant and equipment in 2013 as planned mostly offset by receipt of $ 1.9 million for the pay-off of a note receivable in 2012. cash used by financing activities was $ 32.3 million for 2013 compared with cash used by financing activities of $ 9.6 million in 2012. the decrease was primarily due to the net repayment of short-term and long-term debt of $ 33 million in 2013 driven by reducing the cash balances by $ 16.0 million and from the $ 17.1 million in free cash flow as discussed above . story_separator_special_tag tax benefits and related penalties and interest accrued within the liabilities section of our balance sheet . we are unsure when or if at all these amounts might be paid to u.s. and or foreign taxing authorities . accordingly , these amounts have been excluded

liquidity and capital resources amounts outstanding under our $ 100 million credit facility and our fixed rate notes as of december 31 , 2013 , were $ 10.8 million ( including $ 0.8 million under our swing line of credit ) and $ 25.7 million , respectively . as of december 31 , 2013 , we can borrow up to an additional $ 88.5 million under the $ 100 million credit facility , including $ 9.2 million under our swing line of credit , subject to limitations based on existing financial covenants . the $ 88.5 million of availability is net of $ 0.7 million of outstanding letters of credit at december 31 , 2013 , which are considered as usage of the facility . we were in compliance with all covenants related to the $ 100 million credit facility and the fixed rate notes agreements as of december 31 , 2013 . 28 the table below summarizes the financial covenants of the two credit agreements as of december 31 , 2013 : financial covenants required covenant level actual level achieved interest coverage ratio not to be less than 3.00 to 1.00 as of the last day of any fiscal quarter 11.42 to 1.00 fixed charge coverage not to be less than 1.00 to 1.00 as of the last day of any fiscal quarter 1.29 to 1.00 leverage ratio not to exceed 2.75 to 1.00 for the most recently completed four fiscal quarters 0.91 to 1.00 capital expenditures not to invest more than $ 26.4 million during the fiscal year 2013 $ 15.3 million on october 26 , 2012 , we amended our $ 100 million revolving credit facility agented by keybank and our fixed rate notes with prudential capital in order to take advantage of lower interest rates , to extend the maturity of the revolving credit facility to october 26 , 2017 , and to remove certain restrictions on acquisitions , payments of dividends and stock repurchases . the amended interest rates on our revolving credit facility are libor plus an applicable margin of 1.25 % to 2.25


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources amounts outstanding under our $ 100 million credit facility and our fixed rate notes as of december 31 , 2013 , were $ 10.8 million ( including $ 0.8 million under our swing line of credit ) and $ 25.7 million , respectively . as of december 31 , 2013 , we can borrow up to an additional $ 88.5 million under the $ 100 million credit facility , including $ 9.2 million under our swing line of credit , subject to limitations based on existing financial covenants . the $ 88.5 million of availability is net of $ 0.7 million of outstanding letters of credit at december 31 , 2013 , which are considered as usage of the facility . we were in compliance with all covenants related to the $ 100 million credit facility and the fixed rate notes agreements as of december 31 , 2013 . 28 the table below summarizes the financial covenants of the two credit agreements as of december 31 , 2013 : financial covenants required covenant level actual level achieved interest coverage ratio not to be less than 3.00 to 1.00 as of the last day of any fiscal quarter 11.42 to 1.00 fixed charge coverage not to be less than 1.00 to 1.00 as of the last day of any fiscal quarter 1.29 to 1.00 leverage ratio not to exceed 2.75 to 1.00 for the most recently completed four fiscal quarters 0.91 to 1.00 capital expenditures not to invest more than $ 26.4 million during the fiscal year 2013 $ 15.3 million on october 26 , 2012 , we amended our $ 100 million revolving credit facility agented by keybank and our fixed rate notes with prudential capital in order to take advantage of lower interest rates , to extend the maturity of the revolving credit facility to october 26 , 2017 , and to remove certain restrictions on acquisitions , payments of dividends and stock repurchases . the amended interest rates on our revolving credit facility are libor plus an applicable margin of 1.25 % to 2.25
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 Suspicious Activity Report : performance : sales growth cost of products sold selling , general and administrative expense net income cash flow from operations and capital spending 19 customer service reliability external and internal quality indicators employee development critical accounting policies our significant accounting policies , including the assumptions and judgment underlying them , are disclosed in note 1 of the notes to consolidated financial statements . these policies have been consistently applied in all material respects and address such matters as revenue recognition , inventory valuation and asset impairment recognition . due to the estimation processes involved , management considers the following summarized accounting policies and their application to be critical to understanding our business operations , financial condition and results of operations . we can not assure you that actual results will not significantly differ from the estimates used in these critical accounting policies . goodwill and acquired intangibles . for new acquisitions , we use estimates , assumptions and appraisals to allocate the purchase price to the assets acquired and to determine the amount of goodwill . these estimates are based on market analyses and comparisons to similar assets . annual procedures are required to be performed to assess whether recorded goodwill is impaired . the annual tests require management to make estimates and assumptions with regard to the future operations of its reporting units , and the expected cash flows that they will generate . these estimates and assumptions could impact the recorded value of assets acquired in a business combination , including goodwill , and whether or not there is any subsequent impairment of the recorded goodwill and the amount of such impairment . goodwill is tested for impairment on an annual basis as of october 1 and between annual tests if a triggering event occurs . the impairment procedures are performed at the reporting unit level for the one reporting unit that still has goodwill . in testing goodwill , we have the option to first assess qualitative factors to determine whether it is necessary to perform a two-step test . if an entity believes , as a result of its qualitative assessment , that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount including goodwill , the quantitative impairment test is required . otherwise , no further testing is required . the decision to perform a qualitative assessment or perform a complete step 1 analysis is an annual decision made by management based on several factors including budget to actual performance , economic , market and industry considerations such as automotive production rates in the geographic markets we serve and cash flow from operations . u.s. gaap prescribes a two-step process for testing for goodwill impairments . the first step is to determine if the carrying value of the reporting unit with goodwill is less than the related fair value of the reporting unit . we determine the fair value of the reporting unit through use of discounted cash flow methods and market based multiples of earning and sales methods obtained from a grouping of comparable publicly trading companies . we believe this methodology of valuation is consistent with how market participants would value reporting units . the discount rate and market based multiples used are specifically developed for the units tested regarding the level of risk and end markets served . even though we do use other observable inputs ( level 2 inputs under the us gaap hierarchy ) the calculation of fair value for goodwill would be most consistent with level 3 under the us gaap hierarchy . if the carrying value of the reporting unit , including goodwill , is less than fair value of the reporting unit , the goodwill is not considered impaired . if the carrying value is greater than fair value then the potential for impairment of goodwill exists . the potential impairment is determined by allocating the fair value of the reporting unit among the assets and liabilities based on a purchase price allocation methodology as if the reporting unit was acquired in a business combination . the fair value of the goodwill is implied from this allocation and compared to the carrying value with an impairment loss recognized if the carrying value is greater than the implied fair value . our indefinite lived intangible asset is accounted for similarly to goodwill . this asset is tested for impairment at least annually by comparing the fair value to the carrying value , using the relief from royalty rate method , and if the fair value is less than the carrying value , an impairment charge is recognized for the difference . we elected to use step 1 testing even though a qualitative approach was available to us . income taxes . income taxes are accounted for under the asset and liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying 20 amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards . deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled . the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date . the calculation of tax assets , liabilities , and expenses under u.s. gaap is largely dependent on management judgment of the current and future deductibility and utilization of taxable expenses and benefits using a more likely than not threshold . story_separator_special_tag partially offsetting the volume effects were benefits from specific continuous improvement projects undertaken through our level 3 program in 2012 and from good overall cost control at our european units during this very difficult operating environment . additionally , targeted price increases and favorable sales mix helped offset some of negative sales volume effects . precision metal components segment replace_table_token_12_th the majority of the increase in sales at this segment was due to fulfilling sales orders , at the full year run rate , for a new sales program to a new customer started in 2011. this new sales program had not reached the full year run rate during 2011. the segment improved from a net loss to a net income due to profits from increased sales volumes and from the elimination of start-up costs on the new multi-year sales programs incurred during 2011. during 2011 , this segment incurred $ 6 million of operational inefficiencies and additional costs related to ramping up production for new large multi-year sales programs which did not repeat during 2012. beyond eliminating the start-up costs , this segment has improved operationally by reducing scrap , labor , and expediting costs . finally , 2012 net income included $ 1.8 million of net tax benefits related to the reversal of valuation allowances on segment deferred tax assets . plastic and rubber components segment replace_table_token_13_th lower sales volumes were due to expirations of sales programs with certain customers . 2012 segment net income was impacted by $ 2.2 million of net tax benefits related to the reversal of valuation allowances on segment deferred tax assets . excluding the tax benefit , net income was actually down $ 1.2 million due to the lower sales volumes partially offset by price increases and favorable sales mix . changes in financial condition from december 31 , 2012 to december 31 , 2013. from december 31 , 2012 to december 31 , 2013 , our total assets decreased $ 2.9 million and our current assets decreased $ 1.6 million . the appreciation in the value of euro denominated account balances and chinese yuan denominated account balances , relative to the u.s. dollar , caused total assets and current assets to increase approximately $ 6.3 million and $ 2.8 million , respectively , from december 31 , 2012. the decrease in total assets was due to a $ 16.0 million decrease in cash used to pay down our outstanding debt balance . this reduction was partially offset by a $ 6.3 million increase in accounts receivable and $ 7.2 million increase in inventory . 27 excluding the foreign exchange effects , accounts receivable increased by $ 6.3 million due primarily to the 12 % increase in sales volume in december and november of 2013 from sales levels in december and november of 2012. the days sales outstanding as of december 31 , 2013 was consistent with the days sales outstanding as of december 31 , 2012. excluding the foreign exchange effects , inventories increased by $ 7.2 million from december 31 , 2012 , primarily due to increasing consigned finished goods with our largest customer and due to increasing inventory levels to fulfill seasonal demand in the first and second quarter of 2014. from december 31 , 2012 to december 31 , 2013 , our total liabilities decreased $ 27.1 million . the appreciation in the value of euro and chinese yuan denominated account balances , relative to the u.s. dollar , caused total liabilities to increase approximately $ 2.1 million from december 31 , 2012. the majority of the reduction was from a $ 33 million decrease in long-term and short-term debt achieved by reducing our cash balance $ 16.0 million and from using free cash flows of $ 17.1 generated during 2013. the debt reduction was partially offset by increases in accounts payable of $ 2.6 million due the higher levels of sales and production experienced during the fourth quarter of 2013 versus the fourth quarter of 2012. working capital , which consists principally of cash , accounts receivable and inventories offset by accounts payable and current maturities of long-term debt , was $ 56.3 million at december 31 , 2013 as compared to $ 68.5 million at december 31 , 2012. the ratio of current assets to current liabilities decreased from 2.17:1 at december 31 , 2012 to 1.81:1 at december 31 , 2013. the decrease in working capital was due primarily to the decreased cash balance and increased accounts payable balance as discussed above . cash flow provided by operations was $ 31.8 million for 2013 compared with $ 37.4 million for 2012. the unfavorable variance in cash flow provided by operations was principally due to increasing net working capital during 2013 to meet the increased sales and production volume levels . in 2012 , the working capital decreased to the reduction in sales levels from 2011 to 2012. cash used by investing activities was $ 15.3 million in 2013 compared with cash used by investing activities of $ 14.8 million in 2012. the decrease was primarily due to $ 1.8 million in lower spending on acquisitions of property plant and equipment in 2013 as planned mostly offset by receipt of $ 1.9 million for the pay-off of a note receivable in 2012. cash used by financing activities was $ 32.3 million for 2013 compared with cash used by financing activities of $ 9.6 million in 2012. the decrease was primarily due to the net repayment of short-term and long-term debt of $ 33 million in 2013 driven by reducing the cash balances by $ 16.0 million and from the $ 17.1 million in free cash flow as discussed above . story_separator_special_tag tax benefits and related penalties and interest accrued within the liabilities section of our balance sheet . we are unsure when or if at all these amounts might be paid to u.s. and or foreign taxing authorities . accordingly , these amounts have been excluded

