reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services that we pass directly on to our customers without a markup . non-controlling interests represent the earnings of lenders one and wholesale one , consolidated entities not owned by altisource , and are included in revenue and reduced from net income to arrive at net income attributable to altisource . 27 we have prepared our consolidated financial statements in accordance with accounting principles generally accepted in the united states of america ( “ gaap ” ) . strategy and growth initiatives altisource provides a suite of mortgage , real estate and consumer debt services , leveraging our technology platform and global operations . altisource is focused on becoming one of the premier providers of mortgage and real estate marketplaces and related services to a broad and diversified customer base . within the mortgage and real estate markets , we facilitate transactions and provide products , solutions and services related to home sales , home purchases , home rentals , home maintenance , mortgage origination and mortgage servicing . strategically , we are focused on ( 1 ) our four key business initiatives discussed below , ( 2 ) continuing to strengthen our compliance management system and ( 3 ) maintaining strong performance and relationships with our strategic customers . each of our four key business initiatives positions altisource to grow and diversify our customer and revenue base . we believe these initiatives address very large markets and directly leverage our core competencies and distinct competitive advantages . our four strategic initiatives and a brief description of each follow : mortgage market : grow our servicer solutions business ( the products , services and technologies typically used or licensed by loan servicers ) : we are focused on growing referrals from our existing customer base , expanding the service and proprietary technology offerings to our customer base , and attracting new customers to our offerings . we have a strong and growing customer base that includes ocwen , a gse and several top ten bank servicers . even as loan delinquencies return to historical norms , we believe there is a very large addressable market for our offerings . we believe we are one of only a few providers with a broad suite of servicer solutions , nationwide coverage and demonstrated scalability . we believe we are well positioned to gain market share as customers consolidate to larger , full-service providers and outsource services that have historically been performed in-house . grow our origination solutions business ( the products , services , solutions and technologies typically used or licensed by loan originators or other similar mortgage market participants ) : we are focused on continuing to build an industry leading , fully-integrated origination solutions platform leveraging our industry expertise and proprietary technologies . we have a strong customer base that includes lenders one members and mortgage builder ® , trelix and castleline ® customers . our platform allows us to enhance our relationships with our existing customer base by providing additional products , services and solutions to these customers as well as attract new customers . we believe we are well positioned to grow and gain market share as customers continue to utilize larger , full-service providers to outsource services and solutions and to outsource solutions that had historically been performed in-house . real estate market : grow our consumer real estate solutions business ( a marketplace that connects home buyers and home sellers and offers the related services ) primarily through owners.com : capitalizing on our core competencies in realty services and online real estate marketing , we have entered the consumer market by targeting the growing segment of consumers utilizing technology enabled real estate brokerages . this customer segment wants to self-manage part of the realty process , but often wants support and still needs brokerage services to complete the transaction . through our owners.com brand , we are empowering consumers to perform certain tasks on their own such as searching for properties and listing and showing their own homes for sale , while offering support and the necessary realty services to complete the transaction with the potential for significant savings . we believe our offering and compelling savings value proposition is being well received by our target market and we are well positioned to become a market leader of technology enabled consumer real estate brokerages . grow our real estate investor solutions business ( a marketplace that connects home buyers and home sellers of single-family-rental homes and offers the related services to buy , renovate , manage and sell homes ) : we are focused on supporting the growth of our existing customers , expanding the offerings to our customer base and attracting new customers to our offerings . the single-family-rental market is large , geographically distributed with fragmented ownership . we believe our nationwide acquisition , renovation , property management , leasing and dispositions platform provides a strong value proposition for institutional and retail investors and positions us well for long term growth . there can be no assurance that growth from our strategic initiatives will be successful or our operations will be profitable . share repurchase program on may 18 , 2016 , our shareholders approved a new share repurchase program which replaced the previous share repurchase program . under the new program , we are authorized to purchase up to 4.6 million shares of our common stock , based on a limit 28 of 25 % of the outstanding shares of common stock on the date of approval at a minimum price of $ 1.00 per share and a maximum price of $ 500.00 per share . this is in addition to amounts previously purchased under prior programs . story_separator_special_tag these losses are composed of $ 55.7 million impairment of goodwill , $ 11.9 million impairment of intangible assets from the 2013 homeward and rescap fee-based business acquisitions and $ 4.1 million impairment of software assets included in premises and equipment . in 2014 , as a result of the adjustment in the fair value of the equator contingent consideration described below and based on our goodwill assessment in 2014 , we determined that the equator goodwill was impaired and recorded an impairment loss of $ 37.5 million for the year ended december 31 , 2014. we recognized gains on the change in the fair value of the equator earn out of $ 7.6 million and $ 37.9 million in 2015 and 2014 , respectively ( no comparative amount in 2016 ) . the liability for contingent consideration was reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings . in 2015 , we reached an agreement with the former owners of equator to extinguish any liability for the equator earn out . in connection with this settlement , we reduced the liability for the equator earn out to $ 0 and recognized a $ 7.6 million increase in earnings . during 2014 , the fair value of the contingent consideration related to the equator acquisition was reduced by $ 37.9 million with a corresponding increase in earnings based on management 's revised estimates that expected earnings of equator will be lower than projected at the time of acquisition . income from operations income from operations decreased to $ 65.1 million , representing 7 % of service revenue , for the year ended december 31 , 2016 compared to $ 79.1 million , representing 8 % of service revenue , for the year ended december 31 , 2015 . the decrease was primarily due to lower gross profit margin in 2016 , the litigation settlement loss , net of insurance recovery , and the 2015 equator earn out gain , partially offset by the 2015 impairment losses and lower sg & a in 2016 , as discussed above . income from operations decreased to $ 79.1 million , representing 8 % of service revenue , for the year ended december 31 , 2015 compared to $ 170.5 million , representing 18 % of service revenue , for the year ended december 31 , 2014. the decrease in operating income margin was primarily driven by the non-cash impairment losses , lower gross profit margins and increases in sg & a , partially offset by gains on the change in fair value of equator earn out , as discussed above . other income ( expense ) , net other income ( expense ) , net principally includes interest expense and other non-operating gains and losses . interest expense for the year ended december 31 , 2016 was $ 24.4 million , a decrease of $ 3.8 million compared to the year ended december 31 , 2015 , primarily from the 2016 and 2015 repurchases of portions of our senior secured term loan with an aggregate par value of $ 100.0 million . interest expense for the year ended december 31 , 2015 was $ 28.2 million , an increase of $ 4.8 million compared to the year ended december 31 , 2014 , resulting from the additional $ 200.0 million senior secured term loan borrowings on august 1 , 2014 , partially offset by lower interest expense associated with the 2015 repurchases of portions of our senior secured term loan with an aggregate par value of $ 49.0 million ( no comparative amount for 2014 ) . during 2016 , we repurchased portions of our senior secured term loan with an aggregate par value of $ 51.0 million at a weighted average discount of 13.2 % , recognizing a net gain of $ 5.5 million on the early extinguishment of debt . during 2015 , we repurchased portions of our senior secured term loan with an aggregate par value of $ 49.0 million at a weighted average discount of 10.3 % , recognizing a net gain of $ 3.8 million on the early extinguishment of debt ( no comparative amounts for 2014 ) . 34 during march 2015 , we purchased 1.6 million shares of hlss common stock in the open market for $ 30.0 million . on april 6 , 2015 , hlss completed the sale of substantially all of its assets and adopted a plan of complete liquidation and dissolution . during 2015 , we received liquidating dividends and other dividends from hlss totaling $ 20.4 million and sold all of our 1.6 million shares of hlss common stock in the open market for $ 7.7 million . as a result of these transactions , we recognized a net loss of $ 1.9 million for the year ended december 31 , 2015 ( no comparative amounts for 2016 and 2014 ) in connection with our investment in hlss . income tax provision we recognized an income tax provision of $ 12.9 million , $ 8.3 million and $ 10.2 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . our effective tax rate was 29.2 % , 15.6 % and 6.9 % for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the effective tax rate in 2015 and 2014 differs from the luxembourg statutory tax rate of 29.2 % primarily due to the effect of certain deductions in luxembourg and the mix of income and losses with varying tax rates in multiple taxing jurisdictions . the higher effective income tax rate for the year ended december 31 , 2016 was primarily the result of lower pretax income , including the impact of the litigation settlement loss , net of insurance recovery , which changed the mix of taxable income across the jurisdictions in which we operate . the higher 2015

cash flows from investing activities cash flows from investing activities primarily include capital expenditures , acquisitions of businesses and purchases and sales of available for sale securities . we used $ 23.3 million , $ 36.2 million and $ 64.8 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , for capital expenditures primarily related to investments in the development of certain software applications , it infrastructure and facility build-outs . the decreases in capital expenditures in 2016 and 2015 primarily related to the completion of projects in 2015 and 2014 , including increased facility build-outs and several office facility relocations . during the year ended december 31 , 2016 , we purchased 4.1 million shares of residential common stock for $ 48.2 million , including brokers ' commissions . on july 29 , 2016 , we acquired granite for $ 9.5 million . on october 9 , 2015 , we acquired rentrange and investability for $ 24.8 million . the purchase price was composed of $ 17.5 million in cash and $ 7.3 million of restricted common stock of the company . on july 17 , 2015 , we acquired castleline for $ 33.4 million . this was composed of $ 11.2 million of cash at closing , excluding cash balances acquired of $ 1.1 million . additionally , the acquisition included $ 10.5 million of cash that is payable over four years from the acquisition date and $ 14.4 million of restricted 47 common stock of the company . of the cash payable following acquisition , $ 3.8 million is contingent on certain future employment conditions of certain of the sellers , and therefore excluded from the purchase price . during 2015 , we purchased 1.6 million shares of hlss common stock in the open market for $ 30.0 million . also during 2015 , we received liquidating dividends and other dividends from hlss totaling $ 20.4 million and we sold all of our 1.6 million shares of hlss common stock in the open market for $ 7.7 million .


 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 investing activities cash flows from investing activities primarily include capital expenditures , acquisitions of businesses and purchases and sales of available for sale securities . we used $ 23.3 million , $ 36.2 million and $ 64.8 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , for capital expenditures primarily related to investments in the development of certain software applications , it infrastructure and facility build-outs . the decreases in capital expenditures in 2016 and 2015 primarily related to the completion of projects in 2015 and 2014 , including increased facility build-outs and several office facility relocations . during the year ended december 31 , 2016 , we purchased 4.1 million shares of residential common stock for $ 48.2 million , including brokers ' commissions . on july 29 , 2016 , we acquired granite for $ 9.5 million . on october 9 , 2015 , we acquired rentrange and investability for $ 24.8 million . the purchase price was composed of $ 17.5 million in cash and $ 7.3 million of restricted common stock of the company . on july 17 , 2015 , we acquired castleline for $ 33.4 million . this was composed of $ 11.2 million of cash at closing , excluding cash balances acquired of $ 1.1 million . additionally , the acquisition included $ 10.5 million of cash that is payable over four years from the acquisition date and $ 14.4 million of restricted 47 common stock of the company . of the cash payable following acquisition , $ 3.8 million is contingent on certain future employment conditions of certain of the sellers , and therefore excluded from the purchase price . during 2015 , we purchased 1.6 million shares of hlss common stock in the open market for $ 30.0 million . also during 2015 , we received liquidating dividends and other dividends from hlss totaling $ 20.4 million and we sold all of our 1.6 million shares of hlss common stock in the open market for $ 7.7 million .
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 Suspicious Activity Report : reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services that we pass directly on to our customers without a markup . non-controlling interests represent the earnings of lenders one and wholesale one , consolidated entities not owned by altisource , and are included in revenue and reduced from net income to arrive at net income attributable to altisource . 27 we have prepared our consolidated financial statements in accordance with accounting principles generally accepted in the united states of america ( “ gaap ” ) . strategy and growth initiatives altisource provides a suite of mortgage , real estate and consumer debt services , leveraging our technology platform and global operations . altisource is focused on becoming one of the premier providers of mortgage and real estate marketplaces and related services to a broad and diversified customer base . within the mortgage and real estate markets , we facilitate transactions and provide products , solutions and services related to home sales , home purchases , home rentals , home maintenance , mortgage origination and mortgage servicing . strategically , we are focused on ( 1 ) our four key business initiatives discussed below , ( 2 ) continuing to strengthen our compliance management system and ( 3 ) maintaining strong performance and relationships with our strategic customers . each of our four key business initiatives positions altisource to grow and diversify our customer and revenue base . we believe these initiatives address very large markets and directly leverage our core competencies and distinct competitive advantages . our four strategic initiatives and a brief description of each follow : mortgage market : grow our servicer solutions business ( the products , services and technologies typically used or licensed by loan servicers ) : we are focused on growing referrals from our existing customer base , expanding the service and proprietary technology offerings to our customer base , and attracting new customers to our offerings . we have a strong and growing customer base that includes ocwen , a gse and several top ten bank servicers . even as loan delinquencies return to historical norms , we believe there is a very large addressable market for our offerings . we believe we are one of only a few providers with a broad suite of servicer solutions , nationwide coverage and demonstrated scalability . we believe we are well positioned to gain market share as customers consolidate to larger , full-service providers and outsource services that have historically been performed in-house . grow our origination solutions business ( the products , services , solutions and technologies typically used or licensed by loan originators or other similar mortgage market participants ) : we are focused on continuing to build an industry leading , fully-integrated origination solutions platform leveraging our industry expertise and proprietary technologies . we have a strong customer base that includes lenders one members and mortgage builder ® , trelix and castleline ® customers . our platform allows us to enhance our relationships with our existing customer base by providing additional products , services and solutions to these customers as well as attract new customers . we believe we are well positioned to grow and gain market share as customers continue to utilize larger , full-service providers to outsource services and solutions and to outsource solutions that had historically been performed in-house . real estate market : grow our consumer real estate solutions business ( a marketplace that connects home buyers and home sellers and offers the related services ) primarily through owners.com : capitalizing on our core competencies in realty services and online real estate marketing , we have entered the consumer market by targeting the growing segment of consumers utilizing technology enabled real estate brokerages . this customer segment wants to self-manage part of the realty process , but often wants support and still needs brokerage services to complete the transaction . through our owners.com brand , we are empowering consumers to perform certain tasks on their own such as searching for properties and listing and showing their own homes for sale , while offering support and the necessary realty services to complete the transaction with the potential for significant savings . we believe our offering and compelling savings value proposition is being well received by our target market and we are well positioned to become a market leader of technology enabled consumer real estate brokerages . grow our real estate investor solutions business ( a marketplace that connects home buyers and home sellers of single-family-rental homes and offers the related services to buy , renovate , manage and sell homes ) : we are focused on supporting the growth of our existing customers , expanding the offerings to our customer base and attracting new customers to our offerings . the single-family-rental market is large , geographically distributed with fragmented ownership . we believe our nationwide acquisition , renovation , property management , leasing and dispositions platform provides a strong value proposition for institutional and retail investors and positions us well for long term growth . there can be no assurance that growth from our strategic initiatives will be successful or our operations will be profitable . share repurchase program on may 18 , 2016 , our shareholders approved a new share repurchase program which replaced the previous share repurchase program . under the new program , we are authorized to purchase up to 4.6 million shares of our common stock , based on a limit 28 of 25 % of the outstanding shares of common stock on the date of approval at a minimum price of $ 1.00 per share and a maximum price of $ 500.00 per share . this is in addition to amounts previously purchased under prior programs . story_separator_special_tag these losses are composed of $ 55.7 million impairment of goodwill , $ 11.9 million impairment of intangible assets from the 2013 homeward and rescap fee-based business acquisitions and $ 4.1 million impairment of software assets included in premises and equipment . in 2014 , as a result of the adjustment in the fair value of the equator contingent consideration described below and based on our goodwill assessment in 2014 , we determined that the equator goodwill was impaired and recorded an impairment loss of $ 37.5 million for the year ended december 31 , 2014. we recognized gains on the change in the fair value of the equator earn out of $ 7.6 million and $ 37.9 million in 2015 and 2014 , respectively ( no comparative amount in 2016 ) . the liability for contingent consideration was reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings . in 2015 , we reached an agreement with the former owners of equator to extinguish any liability for the equator earn out . in connection with this settlement , we reduced the liability for the equator earn out to $ 0 and recognized a $ 7.6 million increase in earnings . during 2014 , the fair value of the contingent consideration related to the equator acquisition was reduced by $ 37.9 million with a corresponding increase in earnings based on management 's revised estimates that expected earnings of equator will be lower than projected at the time of acquisition . income from operations income from operations decreased to $ 65.1 million , representing 7 % of service revenue , for the year ended december 31 , 2016 compared to $ 79.1 million , representing 8 % of service revenue , for the year ended december 31 , 2015 . the decrease was primarily due to lower gross profit margin in 2016 , the litigation settlement loss , net of insurance recovery , and the 2015 equator earn out gain , partially offset by the 2015 impairment losses and lower sg & a in 2016 , as discussed above . income from operations decreased to $ 79.1 million , representing 8 % of service revenue , for the year ended december 31 , 2015 compared to $ 170.5 million , representing 18 % of service revenue , for the year ended december 31 , 2014. the decrease in operating income margin was primarily driven by the non-cash impairment losses , lower gross profit margins and increases in sg & a , partially offset by gains on the change in fair value of equator earn out , as discussed above . other income ( expense ) , net other income ( expense ) , net principally includes interest expense and other non-operating gains and losses . interest expense for the year ended december 31 , 2016 was $ 24.4 million , a decrease of $ 3.8 million compared to the year ended december 31 , 2015 , primarily from the 2016 and 2015 repurchases of portions of our senior secured term loan with an aggregate par value of $ 100.0 million . interest expense for the year ended december 31 , 2015 was $ 28.2 million , an increase of $ 4.8 million compared to the year ended december 31 , 2014 , resulting from the additional $ 200.0 million senior secured term loan borrowings on august 1 , 2014 , partially offset by lower interest expense associated with the 2015 repurchases of portions of our senior secured term loan with an aggregate par value of $ 49.0 million ( no comparative amount for 2014 ) . during 2016 , we repurchased portions of our senior secured term loan with an aggregate par value of $ 51.0 million at a weighted average discount of 13.2 % , recognizing a net gain of $ 5.5 million on the early extinguishment of debt . during 2015 , we repurchased portions of our senior secured term loan with an aggregate par value of $ 49.0 million at a weighted average discount of 10.3 % , recognizing a net gain of $ 3.8 million on the early extinguishment of debt ( no comparative amounts for 2014 ) . 34 during march 2015 , we purchased 1.6 million shares of hlss common stock in the open market for $ 30.0 million . on april 6 , 2015 , hlss completed the sale of substantially all of its assets and adopted a plan of complete liquidation and dissolution . during 2015 , we received liquidating dividends and other dividends from hlss totaling $ 20.4 million and sold all of our 1.6 million shares of hlss common stock in the open market for $ 7.7 million . as a result of these transactions , we recognized a net loss of $ 1.9 million for the year ended december 31 , 2015 ( no comparative amounts for 2016 and 2014 ) in connection with our investment in hlss . income tax provision we recognized an income tax provision of $ 12.9 million , $ 8.3 million and $ 10.2 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively . our effective tax rate was 29.2 % , 15.6 % and 6.9 % for the years ended december 31 , 2016 , 2015 and 2014 , respectively . the effective tax rate in 2015 and 2014 differs from the luxembourg statutory tax rate of 29.2 % primarily due to the effect of certain deductions in luxembourg and the mix of income and losses with varying tax rates in multiple taxing jurisdictions . the higher effective income tax rate for the year ended december 31 , 2016 was primarily the result of lower pretax income , including the impact of the litigation settlement loss , net of insurance recovery , which changed the mix of taxable income across the jurisdictions in which we operate . the higher 2015

