our scale and expertise enable us to serve a global customer base across the world in continually evolving foodservice markets . for the years ended december 31 , 2017 , 2016 and 2015 , we generated revenue of $ 1,445.4 million , $ 1,456.6 million and $ 1,570.1 million , respectively . our customers include many of the fastest-growing and most-innovative foodservice companies in the world . we serve customers around the globe and we intend to support our customers as they grow . our integrated manufacturing operations , service sites and sales offices work together to assist customers worldwide , whether these customers are local businesses or global companies . global and regional markets for food and foodservice are growing . on a global scale , the demand for affordable dining is expected to continue increasing . market growth is expected to be driven by , among other factors , disposable income , increased employment , investment in new establishments and the underlying trend for increased convenience . overall , we believe that continued growth in demand for foodservice equipment will result from the development of new restaurant concepts in the u.s. , the expansion of u.s. and foreign chains into international markets , the replacement and upgrade of existing equipment , and new equipment requirements resulting from menu changes as well as waste reduction . we expect to benefit from these trends , and grow market penetration alongside our customers as they expand into new service categories and geographies . we believe we are well-positioned to take advantage of worldwide growth opportunities with global and regional new product introductions , improvement in operational performance and other strategic initiatives . we intend to achieve sustainable growth globally and drive increased profitability by leveraging our position as a leading commercial foodservice equipment provider , while selectively pursuing strategic acquisitions and partnerships , growing our customer base , expanding the frontiers of foodservice innovation and continuing to attract and grow industry-leading talent . - 32 - in 2017 , we focused on achieving profitable growth , developing new product and system solutions to support future revenues , reducing long-term debt obligations and developing our acquisition pipeline . conditions in the general market during the second half of 2017 were soft , and as part of our 80/20 customer line simplification , we focused on pursuing sales that supported our margin objectives and elected not to participate in selected margin-dilutive sales . we expect these trends to continue through the first half of 2018 and stabilize in the second half of 2018. we also expect that increased demand from large chain customers , improved market conditions , new product rollouts and the initial rollouts of our fitkitchen systems will help offset these trends and drive increased sales in 2018. on december 22 , 2017 , the u.s. government enacted comprehensive tax legislation commonly referred to as the tax cuts and jobs act ( the “ tax act ” ) . the tax act makes broad and complex changes to the u.s. tax code that does affect 2017 , including , but not limited to , ( 1 ) requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years , and ( 2 ) bonus depreciation that will allow for full expensing of qualified property . effective in 2018 , the tax act reduces the u.s. federal corporate statutory tax rate to 21 % , and introduces a new provision designed to tax global intangible low-taxed income ( “ gilti ” ) . as a result of the tax act , additional legislative and regulatory guidance may be issued , which could impact our effective tax rate in future periods . refer to additional discussion of the impact of the tax act on the consolidated financial statements in the results of operations section of this management 's discussion and analysis of financial condition and results of operations . on february 23 , 2018 , we entered into a share sale and purchase agreement to acquire 100 % of the share capital of avaj international holding ab ( `` crem `` ) for total consideration of approximately 1,800.0 million swedish krona or $ 224.0 million . crem develops , manufactures and markets a full suite of coffee machines under three brands : coffee queen ® , expobar ® and spengler for use in offices , restaurants , cafes and coffee shops , catering and convenience stores . following completion of the acquisition , we will have an established presence in hot beverage equipment , a complementary product category , and expect to realize operational synergies and cross-selling benefits . in addition , the acquisition supports our strategic objective of increasing our europe and asia presence . the acquisition will be funded through cash on hand and additional borrowings under existing credit lines and is expected to close in the second quarter of 2018 , subject to certain closing conditions . we are exploring additional acquisition opportunities that complement our product lines , allow us to expand our presence in international markets , enable us to leverage our distribution capabilities , provide us with selective technologies and or otherwise support the expansion of our business in a manner that is consistent with our strategic goals . our 2018 strategic objectives , which include continued execution of our simplification and right-sizing initiatives in order to further realize margin improvements and the reduction of debt , are the following : achieve profitable growth ; create innovative products and solutions ; guarantee customer satisfaction ; drive operational excellence ; and develop great people . reportable segments we manage our business in three geographic reportable segments : americas , emea and apac . the americas segment includes the united states ( `` u.s. `` ) , canada and latin america . story_separator_special_tag foreign currency translation has a $ 3.7 million negative impact on third-party net sales for the year ended december 31 , 2016 . - 37 - analysis of earnings from operations consolidated earnings from operations for the year ended december 31 , 2016 totaled $ 199.2 million , an increase of $ 39.3 million , or 24.6 % , compared to the prior year , which was principally driven by savings from simplification and right-sizing initiatives of approximately $ 56.8 million , partially offset by higher incentive compensation and the sale of kps in december 2015. total selling , general and administrative expenses amounted to $ 290.1 million for the year ended december 31 , 2016 , a decrease of $ 1.5 million , or 0.5 % , compared to the prior year . the decrease was principally driven by the impact from the divestiture of kps of approximately $ 9.7 million , cost containment savings of $ 7.8 million and savings from the simplification and right-sizing initiatives of approximately $ 6.9 million . these decreases were partially offset by a $ 9.4 million increase in incentive compensation expense , a $ 5.8 million increase from the impact of foreign currency translation , $ 6.4 million of costs allocated to welbilt in connection with the spin-off and the impact from the acquisition of welbilt thailand of $ 1.3 million . analysis of segment adjusted operating ebitda adjusted operating ebitda for our reportable segments comprised the following for the years ended december 31 , 2016 and 2015 : replace_table_token_11_th adjusted operating ebitda in the americas segment for the year ended december 31 , 2016 increased $ 18.0 million , or 8.3 % , despite the decrease in net sales . adjusted for the impact of the divestiture of kps of $ 12.8 million , adjusted operating ebitda increased from the prior year by $ 30.8 million . the increase was primarily driven by $ 42.6 million of savings from the simplification and right-sizing initiatives , a $ 15.9 million improvement in kitchencare operations and operating efficiency improvements . these increases were partially offset by the negative impact from lower sales volume , higher incentive compensation and lower fixed cost absorption . adjusted operating ebitda in the emea segment for the year ended december 31 , 2016 increased by $ 17.3 million , or 64.1 % , which was primarily driven by cost savings of approximately $ 10.8 million from simplification and right-sizing initiatives , a $ 4.0 million improvement in kitchencare operations in the region and better product mix from new product introductions . these increases were partially offset by the negative impact from foreign currency translation , higher incentive compensation and lower fixed cost absorption . adjusted operating ebitda in the apac segment for the year ended december 31 , 2016 decreased $ 0.6 million , or 2.4 % . the decrease was primarily driven by the negative impact of lower volumes and fixed cost absorption , partially offset by savings from the simplification and right-sizing initiatives of $ 3.4 million and a $ 1.9 million improvement in kitchencare operations in the region . analysis of non-operating income statement items for the year ended december 31 , 2016 , interest expense was $ 85.2 million , an $ 83.8 million increase from the prior year , which was due to the issuance of $ 1,400.0 million of long-term debt as a result of the spin-off in the first quarter of 2016. interest expense ( income ) on notes with mtw—net reflects net interest income on funding provided by us to mtw via intercompany debt settled immediately prior to the spin-off . other expense ( income ) —net reflects primarily amortization of deferred financing fees on the aforementioned long-term debt , gains and losses on the disposal of businesses and foreign currency gains and losses . the decrease in other income , net of $ 31.2 million was due primarily to a $ 9.9 million gain on the sale of kps in december 2015 , the $ 5.4 million gain on sale of a certain investment property in 2015 , a $ 4.9 million gain on the acquisition of welbilt thailand in october 2015 and $ 4.8 million of deferred financing costs recognized during the year ended december 31 , 2016 in connection with the aforementioned debt issuance . analysis of income taxes income taxes for the year ended december 31 , 2016 was $ 25.3 million , a decrease of $ 14.0 million , or 35.6 % , from the prior year , which was primarily due to a decrease in earnings before income taxes of $ 91.6 million . the effective income tax rate was 24.1 % and 20.0 % for the years ended december 31 , 2016 and 2015 , respectively . the change was due to nonrecurring 2015 items and a change in the mix of earnings in jurisdictions without a valuation allowance . included in the 2016 tax provision is a $ 2.9 million benefit for out-of-period balance sheet adjustments related to the spin-off . the company does not believe these adjustments are material to our consolidated financial statements for 2016 or its comparative annual or quarterly financial statements . - 38 - domestic earnings before income taxes in 2016 represent 29.1 % of total earnings and a favorable 9.3 % effective tax rate impact for net lower taxes on foreign income , whereas 2015 domestic earnings represent 61.8 % of total earnings and a 9.6 % effective tax rate benefit for net lower taxes on foreign income . the 2016 and 2015 effective tax rates were favorably impacted by income earned in jurisdictions , primarily in canada and china , where the statutory rates are approximately 25 % . the 2015 tax provision benefited by $ 17.8 million related to the divestiture of kps resulting in a favorable impact to the effective tax rate . the benefit was primarily due to the write-off of $

cash flows from operating activities during 2016 were $ 125.8 million , a decrease of $ 17.2 million compared to the prior year . the decrease in cash flow from operating activities was primarily due to cash paid for interest of $ 69.6 million during the year ended december 31 , 2016 on $ 1,400.0 million of long-term debt issued as a result of the spin-off . this was partially offset by the timing of cash payments on trade accounts payable of $ 14.5 million . - 39 - investing activities cash flows used in investing activities of $ 3.4 million in 2017 consisted primarily of capital expenditures of $ 20.7 million , with the majority of capital expenditures related to investments in machinery , equipment and information technology fixed assets offset by proceeds from the sale of property , plant and equipment totaling $ 12.3 million and a decrease in restricted cash totaling $ 6.2 million . cash flows used in investing activities of $ 20.4 million in 2016 consisted primarily of capital expenditures of $ 16.0 million , with the majority of capital expenditures related to fixed asset equipment purchases . cash flows provided by investing activities of $ 59.1 million in 2015 related mainly to $ 78.2 million of proceeds from the sale of kps partially offset by capital expenditures of $ 13.2 million for fixed asset equipment purchases . financing activities cash flows used in financing activities for the year ended december 31 , 2017 was $ 51.7 million , primarily due to the net repayment of long-term debt and capital leases of $ 49.1 million . cash flows used in financing activities for the year ended december 31 , 2016 was $ 82.7 million , primarily due to the dividend payment of $ 1,362.0 million to mtw , the repayment of long-term debt of $ 186.8 million and cash paid of $ 41.3 million for costs incurred in connection with the issuance of debt , partially offset by debt issuance proceeds of $ 1,501.1 million . cash flows used in financing activities for the year ended december 31 , 2015 was $ 183.1 million primarily related to financing transactions with mtw .


 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 from operating activities during 2016 were $ 125.8 million , a decrease of $ 17.2 million compared to the prior year . the decrease in cash flow from operating activities was primarily due to cash paid for interest of $ 69.6 million during the year ended december 31 , 2016 on $ 1,400.0 million of long-term debt issued as a result of the spin-off . this was partially offset by the timing of cash payments on trade accounts payable of $ 14.5 million . - 39 - investing activities cash flows used in investing activities of $ 3.4 million in 2017 consisted primarily of capital expenditures of $ 20.7 million , with the majority of capital expenditures related to investments in machinery , equipment and information technology fixed assets offset by proceeds from the sale of property , plant and equipment totaling $ 12.3 million and a decrease in restricted cash totaling $ 6.2 million . cash flows used in investing activities of $ 20.4 million in 2016 consisted primarily of capital expenditures of $ 16.0 million , with the majority of capital expenditures related to fixed asset equipment purchases . cash flows provided by investing activities of $ 59.1 million in 2015 related mainly to $ 78.2 million of proceeds from the sale of kps partially offset by capital expenditures of $ 13.2 million for fixed asset equipment purchases . financing activities cash flows used in financing activities for the year ended december 31 , 2017 was $ 51.7 million , primarily due to the net repayment of long-term debt and capital leases of $ 49.1 million . cash flows used in financing activities for the year ended december 31 , 2016 was $ 82.7 million , primarily due to the dividend payment of $ 1,362.0 million to mtw , the repayment of long-term debt of $ 186.8 million and cash paid of $ 41.3 million for costs incurred in connection with the issuance of debt , partially offset by debt issuance proceeds of $ 1,501.1 million . cash flows used in financing activities for the year ended december 31 , 2015 was $ 183.1 million primarily related to financing transactions with mtw .
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 Suspicious Activity Report : our scale and expertise enable us to serve a global customer base across the world in continually evolving foodservice markets . for the years ended december 31 , 2017 , 2016 and 2015 , we generated revenue of $ 1,445.4 million , $ 1,456.6 million and $ 1,570.1 million , respectively . our customers include many of the fastest-growing and most-innovative foodservice companies in the world . we serve customers around the globe and we intend to support our customers as they grow . our integrated manufacturing operations , service sites and sales offices work together to assist customers worldwide , whether these customers are local businesses or global companies . global and regional markets for food and foodservice are growing . on a global scale , the demand for affordable dining is expected to continue increasing . market growth is expected to be driven by , among other factors , disposable income , increased employment , investment in new establishments and the underlying trend for increased convenience . overall , we believe that continued growth in demand for foodservice equipment will result from the development of new restaurant concepts in the u.s. , the expansion of u.s. and foreign chains into international markets , the replacement and upgrade of existing equipment , and new equipment requirements resulting from menu changes as well as waste reduction . we expect to benefit from these trends , and grow market penetration alongside our customers as they expand into new service categories and geographies . we believe we are well-positioned to take advantage of worldwide growth opportunities with global and regional new product introductions , improvement in operational performance and other strategic initiatives . we intend to achieve sustainable growth globally and drive increased profitability by leveraging our position as a leading commercial foodservice equipment provider , while selectively pursuing strategic acquisitions and partnerships , growing our customer base , expanding the frontiers of foodservice innovation and continuing to attract and grow industry-leading talent . - 32 - in 2017 , we focused on achieving profitable growth , developing new product and system solutions to support future revenues , reducing long-term debt obligations and developing our acquisition pipeline . conditions in the general market during the second half of 2017 were soft , and as part of our 80/20 customer line simplification , we focused on pursuing sales that supported our margin objectives and elected not to participate in selected margin-dilutive sales . we expect these trends to continue through the first half of 2018 and stabilize in the second half of 2018. we also expect that increased demand from large chain customers , improved market conditions , new product rollouts and the initial rollouts of our fitkitchen systems will help offset these trends and drive increased sales in 2018. on december 22 , 2017 , the u.s. government enacted comprehensive tax legislation commonly referred to as the tax cuts and jobs act ( the “ tax act ” ) . the tax act makes broad and complex changes to the u.s. tax code that does affect 2017 , including , but not limited to , ( 1 ) requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years , and ( 2 ) bonus depreciation that will allow for full expensing of qualified property . effective in 2018 , the tax act reduces the u.s. federal corporate statutory tax rate to 21 % , and introduces a new provision designed to tax global intangible low-taxed income ( “ gilti ” ) . as a result of the tax act , additional legislative and regulatory guidance may be issued , which could impact our effective tax rate in future periods . refer to additional discussion of the impact of the tax act on the consolidated financial statements in the results of operations section of this management 's discussion and analysis of financial condition and results of operations . on february 23 , 2018 , we entered into a share sale and purchase agreement to acquire 100 % of the share capital of avaj international holding ab ( `` crem `` ) for total consideration of approximately 1,800.0 million swedish krona or $ 224.0 million . crem develops , manufactures and markets a full suite of coffee machines under three brands : coffee queen ® , expobar ® and spengler for use in offices , restaurants , cafes and coffee shops , catering and convenience stores . following completion of the acquisition , we will have an established presence in hot beverage equipment , a complementary product category , and expect to realize operational synergies and cross-selling benefits . in addition , the acquisition supports our strategic objective of increasing our europe and asia presence . the acquisition will be funded through cash on hand and additional borrowings under existing credit lines and is expected to close in the second quarter of 2018 , subject to certain closing conditions . we are exploring additional acquisition opportunities that complement our product lines , allow us to expand our presence in international markets , enable us to leverage our distribution capabilities , provide us with selective technologies and or otherwise support the expansion of our business in a manner that is consistent with our strategic goals . our 2018 strategic objectives , which include continued execution of our simplification and right-sizing initiatives in order to further realize margin improvements and the reduction of debt , are the following : achieve profitable growth ; create innovative products and solutions ; guarantee customer satisfaction ; drive operational excellence ; and develop great people . reportable segments we manage our business in three geographic reportable segments : americas , emea and apac . the americas segment includes the united states ( `` u.s. `` ) , canada and latin america . story_separator_special_tag foreign currency translation has a $ 3.7 million negative impact on third-party net sales for the year ended december 31 , 2016 . - 37 - analysis of earnings from operations consolidated earnings from operations for the year ended december 31 , 2016 totaled $ 199.2 million , an increase of $ 39.3 million , or 24.6 % , compared to the prior year , which was principally driven by savings from simplification and right-sizing initiatives of approximately $ 56.8 million , partially offset by higher incentive compensation and the sale of kps in december 2015. total selling , general and administrative expenses amounted to $ 290.1 million for the year ended december 31 , 2016 , a decrease of $ 1.5 million , or 0.5 % , compared to the prior year . the decrease was principally driven by the impact from the divestiture of kps of approximately $ 9.7 million , cost containment savings of $ 7.8 million and savings from the simplification and right-sizing initiatives of approximately $ 6.9 million . these decreases were partially offset by a $ 9.4 million increase in incentive compensation expense , a $ 5.8 million increase from the impact of foreign currency translation , $ 6.4 million of costs allocated to welbilt in connection with the spin-off and the impact from the acquisition of welbilt thailand of $ 1.3 million . analysis of segment adjusted operating ebitda adjusted operating ebitda for our reportable segments comprised the following for the years ended december 31 , 2016 and 2015 : replace_table_token_11_th adjusted operating ebitda in the americas segment for the year ended december 31 , 2016 increased $ 18.0 million , or 8.3 % , despite the decrease in net sales . adjusted for the impact of the divestiture of kps of $ 12.8 million , adjusted operating ebitda increased from the prior year by $ 30.8 million . the increase was primarily driven by $ 42.6 million of savings from the simplification and right-sizing initiatives , a $ 15.9 million improvement in kitchencare operations and operating efficiency improvements . these increases were partially offset by the negative impact from lower sales volume , higher incentive compensation and lower fixed cost absorption . adjusted operating ebitda in the emea segment for the year ended december 31 , 2016 increased by $ 17.3 million , or 64.1 % , which was primarily driven by cost savings of approximately $ 10.8 million from simplification and right-sizing initiatives , a $ 4.0 million improvement in kitchencare operations in the region and better product mix from new product introductions . these increases were partially offset by the negative impact from foreign currency translation , higher incentive compensation and lower fixed cost absorption . adjusted operating ebitda in the apac segment for the year ended december 31 , 2016 decreased $ 0.6 million , or 2.4 % . the decrease was primarily driven by the negative impact of lower volumes and fixed cost absorption , partially offset by savings from the simplification and right-sizing initiatives of $ 3.4 million and a $ 1.9 million improvement in kitchencare operations in the region . analysis of non-operating income statement items for the year ended december 31 , 2016 , interest expense was $ 85.2 million , an $ 83.8 million increase from the prior year , which was due to the issuance of $ 1,400.0 million of long-term debt as a result of the spin-off in the first quarter of 2016. interest expense ( income ) on notes with mtw—net reflects net interest income on funding provided by us to mtw via intercompany debt settled immediately prior to the spin-off . other expense ( income ) —net reflects primarily amortization of deferred financing fees on the aforementioned long-term debt , gains and losses on the disposal of businesses and foreign currency gains and losses . the decrease in other income , net of $ 31.2 million was due primarily to a $ 9.9 million gain on the sale of kps in december 2015 , the $ 5.4 million gain on sale of a certain investment property in 2015 , a $ 4.9 million gain on the acquisition of welbilt thailand in october 2015 and $ 4.8 million of deferred financing costs recognized during the year ended december 31 , 2016 in connection with the aforementioned debt issuance . analysis of income taxes income taxes for the year ended december 31 , 2016 was $ 25.3 million , a decrease of $ 14.0 million , or 35.6 % , from the prior year , which was primarily due to a decrease in earnings before income taxes of $ 91.6 million . the effective income tax rate was 24.1 % and 20.0 % for the years ended december 31 , 2016 and 2015 , respectively . the change was due to nonrecurring 2015 items and a change in the mix of earnings in jurisdictions without a valuation allowance . included in the 2016 tax provision is a $ 2.9 million benefit for out-of-period balance sheet adjustments related to the spin-off . the company does not believe these adjustments are material to our consolidated financial statements for 2016 or its comparative annual or quarterly financial statements . - 38 - domestic earnings before income taxes in 2016 represent 29.1 % of total earnings and a favorable 9.3 % effective tax rate impact for net lower taxes on foreign income , whereas 2015 domestic earnings represent 61.8 % of total earnings and a 9.6 % effective tax rate benefit for net lower taxes on foreign income . the 2016 and 2015 effective tax rates were favorably impacted by income earned in jurisdictions , primarily in canada and china , where the statutory rates are approximately 25 % . the 2015 tax provision benefited by $ 17.8 million related to the divestiture of kps resulting in a favorable impact to the effective tax rate . the benefit was primarily due to the write-off of $

