we also believe that having beds immediately available to our partners provides us with a distinct competitive advantage when bidding on new contracts . while we have been successful in winning contract awards to provide management services for facilities we do not own , and will continue to pursue such management contracts selectively , we believe the most significant opportunities for growth are in providing our government partners with available beds within facilities we currently own or that we develop . we also believe that owning the facilities in which we provide management services enables us to more rapidly replace business lost compared with managed-only facilities , since we can offer the same beds to new and existing customers and , with customer consent , may have more flexibility in moving our existing inmate populations to facilities with available capacity . our management contracts generally provide our customers with the right to terminate our management contracts at any time without cause . we have staff throughout the organization actively engaged in marketing our available capacity to existing and prospective customers . historically , we have been successful in substantially filling our inventory of available beds and the beds that we have constructed . filling these available beds would provide substantial growth in revenues , cash flow , and earnings per share . however , we can provide no assurance that we will be able to fill our available beds . the demand for capacity in the short-term has been affected by the budget challenges many of our government partners currently face . as a result , certain government partners have reduced the number of inmates housed in our facilities by consolidating inmate populations within their jail system , placing inmates on early parole , and or modifying criminal laws and sentencing practices . at the same time , these challenges impede our customers ' ability to construct new prison beds of their own or update older facilities , which we believe could result in further need for private sector capacity solutions in the long-term . we intend to continue to pursue build-to-suit opportunities like our 2,552-bed trousdale turner correctional center under construction in trousdale county , tennessee , and alternative solutions like the recently announced 2,400-bed south texas family residential center whereby we identified a site and lessor to provide residential housing and administrative buildings for the u.s. immigration and customs enforcement , or ice . in the long-term , however , we would like to see continued and meaningful utilization of our available capacity and better visibility from our customers before we add any additional capacity on a speculative basis . we also remain steadfast in our efforts to contain costs . approximately 62 % of our operating expenses consist of salaries and benefits . the turnover rate for correctional officers for our company , and for the corrections industry in general , remains high . we remain focused on workers ' compensation and medical benefits costs for our employees due to continued rising healthcare costs throughout the country and the uncertainty of the impact of the patient 49 protection and affordable care act on future healthcare costs . reducing these staffing costs requires a long-term strategy to control such costs , and we continue to dedicate resources to enhance our benefits , provide training and career development opportunities to our staff and attract and retain quality personnel . through ongoing company-wide initiatives , we continue to focus on efforts to contain costs and improve operating efficiencies , ensuring continuous delivery of quality services over the long-term . through the combination of our initiatives to increase our revenues by taking advantage of our available beds as well as delivering new bed capacity through new facility construction and expansion opportunities , and our strategies to contain our operating expenses , we believe we will be able to maintain our competitive advantage and continue to improve the quality services we provide to our customers at an economical price , thereby producing value to our stockholders . critical accounting policies the consolidated financial statements are prepared in conformity with accounting principles generally accepted in the united states . as such , we are required to make certain estimates , judgments and assumptions that we believe are reasonable based upon the information available . these estimates and assumptions affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period . a summary of our significant accounting policies is described in note 2 to our audited financial statements . the significant accounting policies and estimates which we believe are the most critical to aid in fully understanding and evaluating our reported financial results include the following : asset impairments . the primary risk we face for asset impairment charges , excluding goodwill , is associated with correctional facilities we own . as of december 31 , 2014 , we had $ 2.7 billion in property and equipment , including $ 119.3 million in long-lived assets , excluding equipment , at five idled core correctional facilities . we consider our core facilities to be those that were designed for adult secure correctional purposes . the impairment analyses we performed for each of these facilities excluded the net book value of equipment , as a substantial portion of the equipment is easily transferrable to other company-owned facilities without significant cost . story_separator_special_tag the following table reflects the components of revenue for the years ended december 31 , 2014 and 2013 ( in millions ) : replace_table_token_6_th 56 the $ 75.1 million , or 4.4 % , reduction in revenue associated with the operation and management of correctional and detention facilities consisted of a decrease in revenue of approximately $ 136.2 million caused by a decrease in the average daily compensated population during 2014 , partially offset by an increase of 4.9 % in average revenue per compensated man-day . the reduction in revenue was also a result of a contract adjustment by one of our federal partners , as previously disclosed in the fourth quarter of 2013 and as further described hereafter . the reduction in revenue from the operation and management of correctional and detention facilities was partially offset by an increase in lease revenue at our california city facility , as further described hereafter under other facility related activity . average daily compensated population decreased 6,162 , or 8.1 % , from 2013 to 2014. the decline in average compensated population primarily resulted from the expiration of our contracts at the bay correctional facility , graceville correctional facility , and moore haven correctional facility , collectively referred to herein as the three florida facilities , after the florida department of management services , or dms , awarded the management of these contracts to another operator effective january 31 , 2014. the decline in average compensated population also resulted from the expiration of our contract at the idaho correctional center after the state of idaho assumed management of the facility effective july 1 , 2014 , and from our decision to terminate a contract at the north georgia detention center effective in the first quarter of 2014. combined , these five facilities contributed to a decrease in revenue of $ 76.9 million and generated net operating losses , or the operating losses from operations before interest , taxes , asset impairments , and depreciation and amortization , of $ 2.4 million during the time they were active in 2014 , and net operating income of $ 0.6 million during the year ended december 31 , 2013. business from our federal customers , including primarily the federal bureau of prisons , or bop , the united states marshals service , or usms , and ice , continues to be a significant component of our business . our federal customers generated approximately 44 % of our total revenue for both of the years ended december 31 , 2014 and 2013 , but decreased $ 11.7 million from 2013 to 2014. the reduction in federal revenues primarily resulted from the transition of our california city facility , which housed usms and ice offenders during the majority of 2013 , to a lease with the state of california , as further described under other facility related activity hereafter . partially offsetting the reduction in federal revenues was an increase in revenues that resulted from our acquisition of cai in the third quarter of 2013 and the activation of the south texas family residential center in the fourth quarter of 2014 , as further described hereafter . the reduction in federal revenues also resulted from a contract adjustment by one of our federal partners previously disclosed in the fourth quarter of 2013. the contract adjustment resulted in an accrual of $ 13.0 million of revenue and an equal accrual of operating expenses during the fourth quarter of 2013 , both of which were revised to $ 9.0 million during the first quarter of 2014. because of the distorted impact these amounts would have on the per compensated man-day statistics presented in the previous table , the revenue and expenses related to these adjustments were not included in the calculations of the per compensated man-day statistics . state revenues from facilities that we manage decreased 7.8 % from 2013 to 2014 primarily as a result of the expiration of our contracts at the idaho correctional center effective july 1 , 2014 and at the three florida facilities effective january 31 , 2014 , and due to the idling of our mineral wells and marion adjustment center facilities in the third quarter of 2013. operating expenses operating expenses totaled $ 1,156.1 million and $ 1,220.4 million for the years ended december 31 , 2014 and 2013 , respectively . operating expenses consist of those expenses incurred in the operation and management of correctional and detention facilities , as well as at facilities we lease to third-party operators , and for our inmate transportation subsidiary . 57 expenses incurred in connection with the operation and management of correctional and detention facilities decreased $ 67.3 million , or 5.6 % , during 2014 compared with 2013. similar to our reduction in revenues , operating expenses decreased most notably as a result of the expiration of our contracts at the idaho correctional center effective july 1 , 2014 and at the three florida facilities effective january 31 , 2014 , and due to the idling of our mineral wells and marion adjustment center facilities in the third quarter of 2013 . the reduction in operating expenses was also a result of the aforementioned contract adjustment by one of our federal partners , also as previously disclosed in the fourth quarter of 2013. these reductions in operating expenses were partially offset by an increase in expenses related to the activation of our south texas family residential center in the fourth quarter of 2014 , as further described hereafter . fixed expenses per compensated man-day increased to $ 33.06 during the year ended december 31 , 2014 from $ 32.48 during the year ended december 31 , 2013 primarily as a result of an increase in salaries and benefits per compensated man-day of $ 0.46. the increase in salaries and benefits per compensated man-day resulted primarily from wage adjustments implemented during 2014 and a higher average rate at our newly activated south texas

debt as of december 31 , 2014 , we had $ 350.0 million principal amount of unsecured notes outstanding with a fixed stated interest rate of 4.625 % , $ 325.0 million principal amount of unsecured notes outstanding with a fixed stated interest rate of 4.125 % , and $ 525.0 million outstanding under our revolving credit facility with a variable weighted average interest rate of 1.9 % . at december 31 , 2014 , our total weighted average effective interest rate was 3.6 % while our total weighted average maturity was 5.2 years . we also have the flexibility to issue debt or equity securities from time to time when we determine that market conditions and the opportunity to utilize the proceeds from the issuance of such securities are favorable . on march 21 , 2013 , standard & poor 's ratings services raised our corporate credit rating to bb+ from bb and also assigned a bb+ rating to our unsecured notes . additionally , on april 5 , 2013 , standard & poor 's ratings services assigned a rating of bbb to our $ 900.0 million revolving credit facility . on february 7 , 2012 , fitch ratings assigned a rating of bbb- to our revolving credit facility and bb+ ratings to our unsecured debt and corporate credit . on january 31 , 2013 , fitch ratings affirmed these ratings in connection with our intention to convert to a reit and reaffirmed them on january 26 , 2015. on june 3 , 2011 , moody 's raised our senior unsecured debt rating to ba1 from ba2 and revised the outlook on our debt rating from positive to stable . on march 21 , 2013 , moody 's revised the rating outlook to positive from stable , and affirmed the senior unsecured rating at ba1 . facility development and capital expenditures in order to retain federal inmate populations we currently manage in the 1,154-bed san diego correctional facility , we are constructing the 1,492-bed otay mesa detention center at a site in san diego .


 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.
     ```debt as of december 31 , 2014 , we had $ 350.0 million principal amount of unsecured notes outstanding with a fixed stated interest rate of 4.625 % , $ 325.0 million principal amount of unsecured notes outstanding with a fixed stated interest rate of 4.125 % , and $ 525.0 million outstanding under our revolving credit facility with a variable weighted average interest rate of 1.9 % . at december 31 , 2014 , our total weighted average effective interest rate was 3.6 % while our total weighted average maturity was 5.2 years . we also have the flexibility to issue debt or equity securities from time to time when we determine that market conditions and the opportunity to utilize the proceeds from the issuance of such securities are favorable . on march 21 , 2013 , standard & poor 's ratings services raised our corporate credit rating to bb+ from bb and also assigned a bb+ rating to our unsecured notes . additionally , on april 5 , 2013 , standard & poor 's ratings services assigned a rating of bbb to our $ 900.0 million revolving credit facility . on february 7 , 2012 , fitch ratings assigned a rating of bbb- to our revolving credit facility and bb+ ratings to our unsecured debt and corporate credit . on january 31 , 2013 , fitch ratings affirmed these ratings in connection with our intention to convert to a reit and reaffirmed them on january 26 , 2015. on june 3 , 2011 , moody 's raised our senior unsecured debt rating to ba1 from ba2 and revised the outlook on our debt rating from positive to stable . on march 21 , 2013 , moody 's revised the rating outlook to positive from stable , and affirmed the senior unsecured rating at ba1 . facility development and capital expenditures in order to retain federal inmate populations we currently manage in the 1,154-bed san diego correctional facility , we are constructing the 1,492-bed otay mesa detention center at a site in san diego .
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 Suspicious Activity Report : we also believe that having beds immediately available to our partners provides us with a distinct competitive advantage when bidding on new contracts . while we have been successful in winning contract awards to provide management services for facilities we do not own , and will continue to pursue such management contracts selectively , we believe the most significant opportunities for growth are in providing our government partners with available beds within facilities we currently own or that we develop . we also believe that owning the facilities in which we provide management services enables us to more rapidly replace business lost compared with managed-only facilities , since we can offer the same beds to new and existing customers and , with customer consent , may have more flexibility in moving our existing inmate populations to facilities with available capacity . our management contracts generally provide our customers with the right to terminate our management contracts at any time without cause . we have staff throughout the organization actively engaged in marketing our available capacity to existing and prospective customers . historically , we have been successful in substantially filling our inventory of available beds and the beds that we have constructed . filling these available beds would provide substantial growth in revenues , cash flow , and earnings per share . however , we can provide no assurance that we will be able to fill our available beds . the demand for capacity in the short-term has been affected by the budget challenges many of our government partners currently face . as a result , certain government partners have reduced the number of inmates housed in our facilities by consolidating inmate populations within their jail system , placing inmates on early parole , and or modifying criminal laws and sentencing practices . at the same time , these challenges impede our customers ' ability to construct new prison beds of their own or update older facilities , which we believe could result in further need for private sector capacity solutions in the long-term . we intend to continue to pursue build-to-suit opportunities like our 2,552-bed trousdale turner correctional center under construction in trousdale county , tennessee , and alternative solutions like the recently announced 2,400-bed south texas family residential center whereby we identified a site and lessor to provide residential housing and administrative buildings for the u.s. immigration and customs enforcement , or ice . in the long-term , however , we would like to see continued and meaningful utilization of our available capacity and better visibility from our customers before we add any additional capacity on a speculative basis . we also remain steadfast in our efforts to contain costs . approximately 62 % of our operating expenses consist of salaries and benefits . the turnover rate for correctional officers for our company , and for the corrections industry in general , remains high . we remain focused on workers ' compensation and medical benefits costs for our employees due to continued rising healthcare costs throughout the country and the uncertainty of the impact of the patient 49 protection and affordable care act on future healthcare costs . reducing these staffing costs requires a long-term strategy to control such costs , and we continue to dedicate resources to enhance our benefits , provide training and career development opportunities to our staff and attract and retain quality personnel . through ongoing company-wide initiatives , we continue to focus on efforts to contain costs and improve operating efficiencies , ensuring continuous delivery of quality services over the long-term . through the combination of our initiatives to increase our revenues by taking advantage of our available beds as well as delivering new bed capacity through new facility construction and expansion opportunities , and our strategies to contain our operating expenses , we believe we will be able to maintain our competitive advantage and continue to improve the quality services we provide to our customers at an economical price , thereby producing value to our stockholders . critical accounting policies the consolidated financial statements are prepared in conformity with accounting principles generally accepted in the united states . as such , we are required to make certain estimates , judgments and assumptions that we believe are reasonable based upon the information available . these estimates and assumptions affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period . a summary of our significant accounting policies is described in note 2 to our audited financial statements . the significant accounting policies and estimates which we believe are the most critical to aid in fully understanding and evaluating our reported financial results include the following : asset impairments . the primary risk we face for asset impairment charges , excluding goodwill , is associated with correctional facilities we own . as of december 31 , 2014 , we had $ 2.7 billion in property and equipment , including $ 119.3 million in long-lived assets , excluding equipment , at five idled core correctional facilities . we consider our core facilities to be those that were designed for adult secure correctional purposes . the impairment analyses we performed for each of these facilities excluded the net book value of equipment , as a substantial portion of the equipment is easily transferrable to other company-owned facilities without significant cost . story_separator_special_tag the following table reflects the components of revenue for the years ended december 31 , 2014 and 2013 ( in millions ) : replace_table_token_6_th 56 the $ 75.1 million , or 4.4 % , reduction in revenue associated with the operation and management of correctional and detention facilities consisted of a decrease in revenue of approximately $ 136.2 million caused by a decrease in the average daily compensated population during 2014 , partially offset by an increase of 4.9 % in average revenue per compensated man-day . the reduction in revenue was also a result of a contract adjustment by one of our federal partners , as previously disclosed in the fourth quarter of 2013 and as further described hereafter . the reduction in revenue from the operation and management of correctional and detention facilities was partially offset by an increase in lease revenue at our california city facility , as further described hereafter under other facility related activity . average daily compensated population decreased 6,162 , or 8.1 % , from 2013 to 2014. the decline in average compensated population primarily resulted from the expiration of our contracts at the bay correctional facility , graceville correctional facility , and moore haven correctional facility , collectively referred to herein as the three florida facilities , after the florida department of management services , or dms , awarded the management of these contracts to another operator effective january 31 , 2014. the decline in average compensated population also resulted from the expiration of our contract at the idaho correctional center after the state of idaho assumed management of the facility effective july 1 , 2014 , and from our decision to terminate a contract at the north georgia detention center effective in the first quarter of 2014. combined , these five facilities contributed to a decrease in revenue of $ 76.9 million and generated net operating losses , or the operating losses from operations before interest , taxes , asset impairments , and depreciation and amortization , of $ 2.4 million during the time they were active in 2014 , and net operating income of $ 0.6 million during the year ended december 31 , 2013. business from our federal customers , including primarily the federal bureau of prisons , or bop , the united states marshals service , or usms , and ice , continues to be a significant component of our business . our federal customers generated approximately 44 % of our total revenue for both of the years ended december 31 , 2014 and 2013 , but decreased $ 11.7 million from 2013 to 2014. the reduction in federal revenues primarily resulted from the transition of our california city facility , which housed usms and ice offenders during the majority of 2013 , to a lease with the state of california , as further described under other facility related activity hereafter . partially offsetting the reduction in federal revenues was an increase in revenues that resulted from our acquisition of cai in the third quarter of 2013 and the activation of the south texas family residential center in the fourth quarter of 2014 , as further described hereafter . the reduction in federal revenues also resulted from a contract adjustment by one of our federal partners previously disclosed in the fourth quarter of 2013. the contract adjustment resulted in an accrual of $ 13.0 million of revenue and an equal accrual of operating expenses during the fourth quarter of 2013 , both of which were revised to $ 9.0 million during the first quarter of 2014. because of the distorted impact these amounts would have on the per compensated man-day statistics presented in the previous table , the revenue and expenses related to these adjustments were not included in the calculations of the per compensated man-day statistics . state revenues from facilities that we manage decreased 7.8 % from 2013 to 2014 primarily as a result of the expiration of our contracts at the idaho correctional center effective july 1 , 2014 and at the three florida facilities effective january 31 , 2014 , and due to the idling of our mineral wells and marion adjustment center facilities in the third quarter of 2013. operating expenses operating expenses totaled $ 1,156.1 million and $ 1,220.4 million for the years ended december 31 , 2014 and 2013 , respectively . operating expenses consist of those expenses incurred in the operation and management of correctional and detention facilities , as well as at facilities we lease to third-party operators , and for our inmate transportation subsidiary . 57 expenses incurred in connection with the operation and management of correctional and detention facilities decreased $ 67.3 million , or 5.6 % , during 2014 compared with 2013. similar to our reduction in revenues , operating expenses decreased most notably as a result of the expiration of our contracts at the idaho correctional center effective july 1 , 2014 and at the three florida facilities effective january 31 , 2014 , and due to the idling of our mineral wells and marion adjustment center facilities in the third quarter of 2013 . the reduction in operating expenses was also a result of the aforementioned contract adjustment by one of our federal partners , also as previously disclosed in the fourth quarter of 2013. these reductions in operating expenses were partially offset by an increase in expenses related to the activation of our south texas family residential center in the fourth quarter of 2014 , as further described hereafter . fixed expenses per compensated man-day increased to $ 33.06 during the year ended december 31 , 2014 from $ 32.48 during the year ended december 31 , 2013 primarily as a result of an increase in salaries and benefits per compensated man-day of $ 0.46. the increase in salaries and benefits per compensated man-day resulted primarily from wage adjustments implemented during 2014 and a higher average rate at our newly activated south texas

