acquisitions are included in our results of operations from the effective dates of acquisition . in october 2013 , we acquired , through heico electronic , all of the outstanding stock of lucix corporation ( `` lucix `` ) in a transaction carried out by means of a merger . lucix is a leading designer and manufacturer of high performance , high reliability microwave modules , units , and integrated sub-systems for commercial and military satellites . on may 31 , 2013 , we acquired , through heico flight support corp. , reinhold industries , inc. ( `` reinhold `` ) through the acquisition of all of the outstanding stock of reinhold 's parent company in a transaction carried out by means of a merger . reinhold is a leading manufacturer of advanced niche components and complex composite assemblies for commercial aviation , defense and space applications . in october 2012 , we acquired , through heico flight support corp. , 80.1 % of the assets and assumed certain liabilities of action research corporation ( “ action research ” ) . action research is an faa-approved repair station that has developed unique proprietary repairs that extend the lives of certain engine and airframe components . the remaining 19.9 % interest continues to be owned by an existing member of action research 's management team . the purchase price of this acquisition was paid using cash provided by operating activities . in august 2012 , we acquired , through heico flight support corp. , 84 % of the assets and assumed certain liabilities of csi aerospace , inc. ( “ csi aerospace ” ) . csi aerospace is a leading repair and overhaul provider of specialized components for airlines , military and other aerospace related organizations . the remaining 16 % interest continues to be owned by certain members of csi aerospace 's management team . in april 2012 , we acquired , through heico electronic , certain aerospace assets of moritz aerospace , inc. ( “ moritz aerospace ” ) in an aerospace product line acquisition . the 29 index moritz aerospace product line designs and manufactures next generation wireless cabin control systems , solid state power distribution and management systems and fuel level sensing systems for business jets and for general aviation , as well as for the military/defense market segments . the purchase price of this acquisition was paid using cash provided by operating activities . in march 2012 , we acquired , through heico electronic , the business and substantially all of the assets of ramona research , inc. ( “ ramona research ” ) . ramona research designs and manufactures rf and microwave amplifiers , transmitters and receivers primarily used to support military communications on unmanned aerial systems , other aircraft , helicopters and ground-based data/communications systems . on november 22 , 2011 , we acquired , through heico electronic , switchcraft , inc. ( “ switchcraft ” ) through the purchase of all of the stock of switchcraft 's parent company , switchcraft holdco , inc. switchcraft is a leading designer and manufacturer of high performance , high reliability and harsh environment electronic connectors and other interconnect products . in september 2011 , we acquired , through heico electronic , all of the outstanding capital stock of 3d plus sa ( “ 3d plus ” ) . 3d plus is a leading designer and manufacturer of three-dimensional microelectronic and stacked memory products used predominately in satellites and also utilized in medical equipment . in december 2010 , we acquired , through heico aerospace , 80.1 % of the assets and assumed certain liabilities of blue aerospace llc ( “ blue aerospace ” ) . blue aerospace is a supplier , distributor , and integrator of military aircraft parts and support services primarily to foreign military organizations allied with the united states . the remaining 19.9 % interest continues to be owned by certain members of blue aerospace 's management team . unless otherwise noted , the purchase price of each of the above referenced acquisitions was paid in cash principally using proceeds from our revolving credit facility . the aggregate cost paid in cash for acquisitions , including additional purchase consideration payments , was $ 222.6 million , $ 197.3 million and $ 94.7 million in fiscal 2013 , 2012 and 2011 , respectively . in february 2011 , we acquired , through heico aerospace , an additional 8 % equity interest in one of our subsidiaries , which increased our ownership interest to 80 % . in february 2012 , we acquired an additional 6.7 % equity interest in the subsidiary , which increased our ownership interest to 86.7 % . in december 2012 , we acquired the remaining 13.3 % equity interest in the subsidiary . critical accounting policies we believe that the following are our most critical accounting policies , some of which require management to make judgments about matters that are inherently uncertain . 30 index revenue recognition revenue from the sale of products and the rendering of services is recognized when title and risk of loss passes to the customer , which is generally at the time of shipment . revenue from certain fixed price contracts for which costs can be dependably estimated is recognized on the percentage-of-completion method , measured by the percentage of costs incurred to date to estimated total costs for each contract . this method is used because management considers costs incurred to be the best available measure of progress on these contracts . variations in actual labor performance , changes to estimated profitability and final contract settlements may result in revisions to cost estimates . revisions in cost estimates as contracts progress have the effect of increasing or decreasing profits in the period of revision . provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined . story_separator_special_tag during fiscal 2014 , we will continue our focus on developing new products and services , further market penetration , additional acquisition opportunities and maintaining our financial strength . overall , we are targeting growth in fiscal 2014 full year net sales and net income over fiscal 2013 levels . 37 index comparison of fiscal 2012 to fiscal 2011 net sales our net sales in fiscal 2012 increased by 17 % to a record $ 897.3 million , as compared to net sales of $ 764.9 million in fiscal 2011. the increase in net sales reflects an increase of $ 103.8 million ( a 46 % increase ) to a record $ 331.6 million in net sales within the etg as well as an increase of $ 30.8 million ( a 6 % increase ) to a record $ 570.3 million in net sales within the fsg . the net sales increase in the etg reflects additional net sales of approximately $ 87.4 million from the acquisitions of 3d plus in september 2011 , switchcraft in november 2011 , ramona research in march 2012 and moritz aerospace in april 2012 , as well as organic growth of approximately 7 % . the organic growth in the etg principally reflects an increase in demand and market penetration for certain defense , space , electronic , aerospace and medical products , resulting in a $ 6.2 million , $ 3.5 million , $ 2.6 million , $ 2.1 million and $ 1.8 million increase in net sales from these product lines , respectively . the net sales increase in the fsg reflects organic growth of approximately 4 % , as well as additional net sales of approximately $ 9.1 million from the acquisitions of blue aerospace in december 2010 , csi aerospace in august 2012 and action research in october 2012. the fsg 's organic growth reflects increased market penetration from both new and existing product offerings for certain of the fsg 's aerospace products and services resulting in an increase of $ 11.3 million in net sales of which approximately 70 % and 30 % were attributed to the aftermarket replacement parts product lines and repair and overhaul services product lines , respectively . additionally , the organic growth in the fsg reflects an increase of $ 10.3 million in net sales within our specialty product lines primarily attributed to the sales of industrial products used in heavy-duty and off-road vehicles as a result of increased market penetration . sales price changes were not a significant contributing factor to the etg and fsg net sales growth in fiscal 2012. our net sales in fiscal 2012 and 2011 by market approximated 53 % and 60 % , respectively , from the commercial aviation industry , 26 % and 24 % , respectively , from the defense and space industries , and 21 % and 16 % , respectively , from other industrial markets including medical , electronics and telecommunications . gross profit and operating expenses our consolidated gross profit margin improved to 36.5 % in fiscal 2012 as compared to 35.9 % in fiscal 2011 , principally reflecting a .7 % increase in the fsg 's gross profit margin , partially offset by a 2.5 % decrease in the etg 's gross profit margin . the increase in the fsg 's gross profit margin is primarily attributed to the previously mentioned increased sales of higher gross profit margin products within our aftermarket replacement parts and repair and overhaul services product lines . the decrease in the etg 's gross profit margin principally reflects a 1.9 % impact from lower gross profit margins realized by switchcraft and 3d plus in fiscal 2012. the lower gross profit margins realized by these acquired businesses are principally attributed to amortization expense of certain acquired intangible assets and inventory purchase accounting adjustments aggregating approximately $ 4.0 million . additionally , the decrease in the etg 's gross profit margin reflects a lower margin product mix of certain of our defense , space and 38 index medical products in fiscal 2012. total new product research and development expenses included within our consolidated cost of sales increased from approximately $ 25.4 million in fiscal 2011 to approximately $ 30.4 million in fiscal 2012 , principally to further enhance growth opportunities and market penetration . sg & a expenses were $ 164.1 million and $ 136.0 million in fiscal 2012 and 2011 , respectively . the increase in sg & a expenses reflects an increase of $ 17.7 million in general and administrative expenses and $ 10.4 million in selling expenses , of which $ 16.3 million in general and administrative expenses and $ 7.6 million in selling expenses were attributed to the acquired businesses . sg & a expenses as a percentage of net sales increased from 17.8 % in fiscal 2011 to 18.3 % in fiscal 2012 principally reflecting an increase in amortization expense of intangible assets from the acquired businesses . operating income operating income for fiscal 2012 increased by 18 % to a record $ 163.3 million as compared to operating income of $ 138.4 million for fiscal 2011. the increase in operating income reflects an $ 18.0 million increase ( a 30 % increase ) to a record $ 77.4 million in operating income of the etg for fiscal 2012 , up from $ 59.5 million in fiscal 2011 and an $ 8.9 million increase ( a 9 % increase ) in operating income of the fsg to a record $ 103.9 million for fiscal 2012 , up from $ 95.0 million for fiscal 2011 , partially offset by a $ 2.0 million increase in corporate expenses . the increase in the operating income of the etg is principally due to the acquired businesses and the previously mentioned increased sales volumes . the increase in the operating income of the fsg principally reflects the previously mentioned increased sales volumes and improved gross profit margin .

liquidity and capital resources our capitalization was as follows ( in thousands ) : replace_table_token_9_th our principal uses of cash include acquisitions , cash dividends , capital expenditures , distributions to noncontrolling interests and working capital needs . capital expenditures in fiscal 2014 are anticipated to approximate $ 25 million . we finance our activities primarily from our operating activities and financing activities , including borrowings under long-term credit agreements . recent developments on november 22 , 2013 , we entered into an amendment to extend the maturity date of our revolving credit facility by one year to december 2018 and to increase the aggregate principal amount to $ 800 million . furthermore , the amendment includes a feature that will allow us to increase the aggregate principal amount by an additional $ 200 million , at our option , to become a $ 1.0 billion facility through increased commitments from existing lenders or the addition of new lenders . as of december 17 , 2013 , we had approximately $ 431 million of unused availability under the terms of our revolving credit facility . based on our current outlook , we believe that our net cash provided by operating activities and available borrowings under our revolving credit facility will be sufficient to fund cash requirements for at least the next twelve months .


 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 our capitalization was as follows ( in thousands ) : replace_table_token_9_th our principal uses of cash include acquisitions , cash dividends , capital expenditures , distributions to noncontrolling interests and working capital needs . capital expenditures in fiscal 2014 are anticipated to approximate $ 25 million . we finance our activities primarily from our operating activities and financing activities , including borrowings under long-term credit agreements . recent developments on november 22 , 2013 , we entered into an amendment to extend the maturity date of our revolving credit facility by one year to december 2018 and to increase the aggregate principal amount to $ 800 million . furthermore , the amendment includes a feature that will allow us to increase the aggregate principal amount by an additional $ 200 million , at our option , to become a $ 1.0 billion facility through increased commitments from existing lenders or the addition of new lenders . as of december 17 , 2013 , we had approximately $ 431 million of unused availability under the terms of our revolving credit facility . based on our current outlook , we believe that our net cash provided by operating activities and available borrowings under our revolving credit facility will be sufficient to fund cash requirements for at least the next twelve months .
```    
 Suspicious Activity Report : acquisitions are included in our results of operations from the effective dates of acquisition . in october 2013 , we acquired , through heico electronic , all of the outstanding stock of lucix corporation ( `` lucix `` ) in a transaction carried out by means of a merger . lucix is a leading designer and manufacturer of high performance , high reliability microwave modules , units , and integrated sub-systems for commercial and military satellites . on may 31 , 2013 , we acquired , through heico flight support corp. , reinhold industries , inc. ( `` reinhold `` ) through the acquisition of all of the outstanding stock of reinhold 's parent company in a transaction carried out by means of a merger . reinhold is a leading manufacturer of advanced niche components and complex composite assemblies for commercial aviation , defense and space applications . in october 2012 , we acquired , through heico flight support corp. , 80.1 % of the assets and assumed certain liabilities of action research corporation ( “ action research ” ) . action research is an faa-approved repair station that has developed unique proprietary repairs that extend the lives of certain engine and airframe components . the remaining 19.9 % interest continues to be owned by an existing member of action research 's management team . the purchase price of this acquisition was paid using cash provided by operating activities . in august 2012 , we acquired , through heico flight support corp. , 84 % of the assets and assumed certain liabilities of csi aerospace , inc. ( “ csi aerospace ” ) . csi aerospace is a leading repair and overhaul provider of specialized components for airlines , military and other aerospace related organizations . the remaining 16 % interest continues to be owned by certain members of csi aerospace 's management team . in april 2012 , we acquired , through heico electronic , certain aerospace assets of moritz aerospace , inc. ( “ moritz aerospace ” ) in an aerospace product line acquisition . the 29 index moritz aerospace product line designs and manufactures next generation wireless cabin control systems , solid state power distribution and management systems and fuel level sensing systems for business jets and for general aviation , as well as for the military/defense market segments . the purchase price of this acquisition was paid using cash provided by operating activities . in march 2012 , we acquired , through heico electronic , the business and substantially all of the assets of ramona research , inc. ( “ ramona research ” ) . ramona research designs and manufactures rf and microwave amplifiers , transmitters and receivers primarily used to support military communications on unmanned aerial systems , other aircraft , helicopters and ground-based data/communications systems . on november 22 , 2011 , we acquired , through heico electronic , switchcraft , inc. ( “ switchcraft ” ) through the purchase of all of the stock of switchcraft 's parent company , switchcraft holdco , inc. switchcraft is a leading designer and manufacturer of high performance , high reliability and harsh environment electronic connectors and other interconnect products . in september 2011 , we acquired , through heico electronic , all of the outstanding capital stock of 3d plus sa ( “ 3d plus ” ) . 3d plus is a leading designer and manufacturer of three-dimensional microelectronic and stacked memory products used predominately in satellites and also utilized in medical equipment . in december 2010 , we acquired , through heico aerospace , 80.1 % of the assets and assumed certain liabilities of blue aerospace llc ( “ blue aerospace ” ) . blue aerospace is a supplier , distributor , and integrator of military aircraft parts and support services primarily to foreign military organizations allied with the united states . the remaining 19.9 % interest continues to be owned by certain members of blue aerospace 's management team . unless otherwise noted , the purchase price of each of the above referenced acquisitions was paid in cash principally using proceeds from our revolving credit facility . the aggregate cost paid in cash for acquisitions , including additional purchase consideration payments , was $ 222.6 million , $ 197.3 million and $ 94.7 million in fiscal 2013 , 2012 and 2011 , respectively . in february 2011 , we acquired , through heico aerospace , an additional 8 % equity interest in one of our subsidiaries , which increased our ownership interest to 80 % . in february 2012 , we acquired an additional 6.7 % equity interest in the subsidiary , which increased our ownership interest to 86.7 % . in december 2012 , we acquired the remaining 13.3 % equity interest in the subsidiary . critical accounting policies we believe that the following are our most critical accounting policies , some of which require management to make judgments about matters that are inherently uncertain . 30 index revenue recognition revenue from the sale of products and the rendering of services is recognized when title and risk of loss passes to the customer , which is generally at the time of shipment . revenue from certain fixed price contracts for which costs can be dependably estimated is recognized on the percentage-of-completion method , measured by the percentage of costs incurred to date to estimated total costs for each contract . this method is used because management considers costs incurred to be the best available measure of progress on these contracts . variations in actual labor performance , changes to estimated profitability and final contract settlements may result in revisions to cost estimates . revisions in cost estimates as contracts progress have the effect of increasing or decreasing profits in the period of revision . provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined . story_separator_special_tag during fiscal 2014 , we will continue our focus on developing new products and services , further market penetration , additional acquisition opportunities and maintaining our financial strength . overall , we are targeting growth in fiscal 2014 full year net sales and net income over fiscal 2013 levels . 37 index comparison of fiscal 2012 to fiscal 2011 net sales our net sales in fiscal 2012 increased by 17 % to a record $ 897.3 million , as compared to net sales of $ 764.9 million in fiscal 2011. the increase in net sales reflects an increase of $ 103.8 million ( a 46 % increase ) to a record $ 331.6 million in net sales within the etg as well as an increase of $ 30.8 million ( a 6 % increase ) to a record $ 570.3 million in net sales within the fsg . the net sales increase in the etg reflects additional net sales of approximately $ 87.4 million from the acquisitions of 3d plus in september 2011 , switchcraft in november 2011 , ramona research in march 2012 and moritz aerospace in april 2012 , as well as organic growth of approximately 7 % . the organic growth in the etg principally reflects an increase in demand and market penetration for certain defense , space , electronic , aerospace and medical products , resulting in a $ 6.2 million , $ 3.5 million , $ 2.6 million , $ 2.1 million and $ 1.8 million increase in net sales from these product lines , respectively . the net sales increase in the fsg reflects organic growth of approximately 4 % , as well as additional net sales of approximately $ 9.1 million from the acquisitions of blue aerospace in december 2010 , csi aerospace in august 2012 and action research in october 2012. the fsg 's organic growth reflects increased market penetration from both new and existing product offerings for certain of the fsg 's aerospace products and services resulting in an increase of $ 11.3 million in net sales of which approximately 70 % and 30 % were attributed to the aftermarket replacement parts product lines and repair and overhaul services product lines , respectively . additionally , the organic growth in the fsg reflects an increase of $ 10.3 million in net sales within our specialty product lines primarily attributed to the sales of industrial products used in heavy-duty and off-road vehicles as a result of increased market penetration . sales price changes were not a significant contributing factor to the etg and fsg net sales growth in fiscal 2012. our net sales in fiscal 2012 and 2011 by market approximated 53 % and 60 % , respectively , from the commercial aviation industry , 26 % and 24 % , respectively , from the defense and space industries , and 21 % and 16 % , respectively , from other industrial markets including medical , electronics and telecommunications . gross profit and operating expenses our consolidated gross profit margin improved to 36.5 % in fiscal 2012 as compared to 35.9 % in fiscal 2011 , principally reflecting a .7 % increase in the fsg 's gross profit margin , partially offset by a 2.5 % decrease in the etg 's gross profit margin . the increase in the fsg 's gross profit margin is primarily attributed to the previously mentioned increased sales of higher gross profit margin products within our aftermarket replacement parts and repair and overhaul services product lines . the decrease in the etg 's gross profit margin principally reflects a 1.9 % impact from lower gross profit margins realized by switchcraft and 3d plus in fiscal 2012. the lower gross profit margins realized by these acquired businesses are principally attributed to amortization expense of certain acquired intangible assets and inventory purchase accounting adjustments aggregating approximately $ 4.0 million . additionally , the decrease in the etg 's gross profit margin reflects a lower margin product mix of certain of our defense , space and 38 index medical products in fiscal 2012. total new product research and development expenses included within our consolidated cost of sales increased from approximately $ 25.4 million in fiscal 2011 to approximately $ 30.4 million in fiscal 2012 , principally to further enhance growth opportunities and market penetration . sg & a expenses were $ 164.1 million and $ 136.0 million in fiscal 2012 and 2011 , respectively . the increase in sg & a expenses reflects an increase of $ 17.7 million in general and administrative expenses and $ 10.4 million in selling expenses , of which $ 16.3 million in general and administrative expenses and $ 7.6 million in selling expenses were attributed to the acquired businesses . sg & a expenses as a percentage of net sales increased from 17.8 % in fiscal 2011 to 18.3 % in fiscal 2012 principally reflecting an increase in amortization expense of intangible assets from the acquired businesses . operating income operating income for fiscal 2012 increased by 18 % to a record $ 163.3 million as compared to operating income of $ 138.4 million for fiscal 2011. the increase in operating income reflects an $ 18.0 million increase ( a 30 % increase ) to a record $ 77.4 million in operating income of the etg for fiscal 2012 , up from $ 59.5 million in fiscal 2011 and an $ 8.9 million increase ( a 9 % increase ) in operating income of the fsg to a record $ 103.9 million for fiscal 2012 , up from $ 95.0 million for fiscal 2011 , partially offset by a $ 2.0 million increase in corporate expenses . the increase in the operating income of the etg is principally due to the acquired businesses and the previously mentioned increased sales volumes . the increase in the operating income of the fsg principally reflects the previously mentioned increased sales volumes and improved gross profit margin .

