in the industry since 1984 and began operating as a reit for federal income tax purposes effective january 1 , 2013. as a result of the reit conversion , we reorganized our operations and moved non-real estate components into trss . through the trs structure , the portion of our businesses which are non-real estate related , such as our managed-only contracts , international operations , electronic monitoring services , and other non-residential and community based facilities , are part of wholly-owned taxable subsidiaries of the reit . most of our business segments , which are real estate related and involve company-owned and company-leased facilities , are part of the reit . the trs structure allows us to maintain the strategic alignment of almost all of our diversified business segments under one entity . the trs assets and operations will continue to be subject to federal and state corporate income taxes and to foreign taxes as applicable in the jurisdictions in which those assets and operations are located . 55 as a reit , we are required to distribute annually at least 90 % of our reit taxable income ( determined without regard to the dividends paid deduction and by excluding net capital gain ) and we began paying regular distributions in 2013. we declared and paid the following regular reit distributions to our shareholders for the years ended december 31 , 2017 , 2016 and 2015 which were treated for federal income taxes as follows ( retroactively adjusted to reflect the effects of our 3-for-2 stock split ) : replace_table_token_16_th ( 1 ) the amount constitutes a qualified dividend , as defined by the internal revenue service . ( 2 ) the amount constitutes a return of capital , as defined by the internal revenue service . critical accounting policies we believe that the accounting policies described below are critical to understanding our business , results of operations and financial condition because they involve the more significant judgments and estimates used in the preparation of our consolidated financial statements . we have discussed the development , selection and application of our critical accounting policies with the audit committee of our board of directors , and our audit committee has reviewed our disclosure relating to our critical accounting policies in this management 's discussion and analysis of financial condition and results of operations. our 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 financial statements and the reported amounts of revenues and expenses during the reporting period . we routinely evaluate our estimates based on historical experience and on various other assumptions that our management believes are reasonable under the circumstances . actual results may differ from these estimates under different assumptions or conditions . if actual results significantly differ from our estimates , our financial condition and results of operations could be materially impacted . other significant accounting policies , primarily those with lower levels of uncertainty than those discussed below , are also critical to understanding our consolidated financial statements . the notes to our consolidated financial statements contain additional information related to our accounting policies and should be read in conjunction with this discussion . revenue recognition facility management revenues are recognized as services are provided under facility management contracts with approved government appropriations based on a net rate per day per inmate or on a fixed monthly rate , as 56 applicable . a limited number of our contracts have provisions upon which a small portion of the revenue for the contract is based on the performance of certain targets . revenue based on the performance of certain targets is less than 1 % of our consolidated annual revenues . these performance targets are based on specific criteria to be met over specific periods of time . such criteria includes our ability to achieve certain contractual benchmarks relative to the quality of service we provide , non-occurrence of certain disruptive events , effectiveness of our quality control programs and our responsiveness to customer requirements and concerns . for the limited number of contracts where revenue is based on the performance of certain targets , revenue is either ( i ) recorded pro rata when revenue is fixed and determinable or ( ii ) recorded when the specified time period lapses . in many instances , we are a party to more than one contract with a single entity . in these instances , each contract is accounted for separately . construction revenues are recognized from our contracts with certain customers to perform construction and design services ( project development services ) for various facilities . in these instances , we act as the primary developer and subcontract with bonded national and or regional design build contractors . these construction revenues are recognized as earned on a percentage of completion basis measured by the percentage of costs incurred to date as compared to the estimated total cost for each contract . provisions for estimated losses on uncompleted contracts and changes to cost estimates are made in the period in which we determine that such losses and changes are probable . typically , we enter into fixed price contracts and do not perform additional work unless approved change orders are in place . costs attributable to unapproved change orders are expensed in the period in which the costs are incurred if we believe that it is not probable that the costs will be recovered through a change in the contract price . story_separator_special_tag we perform the impairment analyses on an annual basis for each of the idle facilities and update each quarter for market developments for the potential utilization of each of the facilities in order to identify events that may cause us to reconsider the most recent assumptions . such events could include negotiations with a prospective customer for the utilization of an idle facility at terms significantly less favorable than used in our most recent impairment analysis , or changes in legislation surrounding a particular facility that could impact our ability to house certain types of inmates at such facility . further , a substantial increase in the number of available beds at other facilities that we own , or in the marketplace , could lead to deterioration in market conditions and projected cash flows . although they are not frequently received , an unsolicited offer to purchase any of our idle facilities , at amounts that are less than their carrying value could also cause us to reconsider the assumptions used in the most recent impairment analysis . we have identified marketing prospects to utilize each of the remaining currently idled facilities and do not see any catalysts that would result in a current impairment . however , we can provide no assurance that we will be able to secure management contracts to utilize our idle facilities , or that we will not incur impairment charges in the future . in all cases , the projected undiscounted cash flows in our analysis as of december 31 , 2017 substantially exceeded the carrying amounts of each facility . our evaluations also take into consideration historical experience in securing new management contracts to utilize facilities that had been previously idled for periods comparable to or in excess of the periods our currently idle facilities have been idled . such previously idle facilities are currently being operated under contracts that generate cash flows resulting in the recoverability of the net book value of the previously idled facilities by substantial amounts . due to a variety of factors , the lead time to negotiate contracts with federal and state agencies to utilize idle bed capacity is generally lengthy which has historically resulted in periods of idleness similar to the ones we are currently experiencing . as a result of our analyses , we determined each of these assets to have recoverable values substantially in excess of the corresponding carrying values . by their nature , these estimates contain uncertainties with respect to the extent and timing of the respective cash flows due to potential delays or material changes to forecasted terms and conditions in contracts with prospective customers that could impact the estimate of projected cash flows . notwithstanding the effects the current economy has had on our customers ' demand for prison beds in the short term which has led to our decision to idle certain facilities , we believe the long-term trends favor an increase in the utilization of our idle correctional facilities . this belief is also based on our experience in working with governmental agencies faced with significant budgetary challenges which is a primary contributing factor to the lack of appropriated funding to build new bed capacity by federal and state agencies . recent accounting pronouncements recent accounting pronouncements the company implemented the following accounting standards during the year ended december 31 , 2017 : in january 2017 , the financial accounting standards board ( fasb ) issued accounting standards update ( asu ) no . 2017-04 , intangibles-goodwill and other ,  which is intended to simplify the test for goodwill impairment . to simplify the subsequent measurement of goodwill , this update eliminates step 2 from the goodwill impairment test . in computing the implied fair value of goodwill under step 2 , an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination . instead , under the amendments in this update , an entity should perform its annual , or interim , goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount . an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit 's fair value . an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary . the amendments in this update are effective for public companies for fiscal years beginning after december 15 , 2019 , including interim periods within those fiscal years . early adoption is permitted for interim or annual goodwill tests performed on testing dates after january 1 , 61 2017. we have elected to early adopt this standard during the fourth quarter of 2017. the implementation of this standard did not have a material impact on our financial position , results of operations or cash flows . in march 2016 , the fasb issued asu no . 2016-09 , compensation  stock compensation ( topic 718 ) ,  as a part of its simplification initiative . the company adopted this asu during 2017. key areas of the amendments in this standard are ( i ) all excess tax benefits ( deficiencies ) from stock plan transactions should be recognized in the income statement as opposed to being recognized in additional paid-in capital ; ( ii ) the tax withholding threshold for triggering liability accounting on a net settlement transaction has been increased from the minimum statutory rate to the maximum statutory rate ; and ( iii ) an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur . the guidance also provides clarification of the presentation of certain components of

liquidity and capital resources amended and restated credit agreement on march 23 , 2017 , we executed a third amended and restated credit agreement by and among the geo group , inc. and geo corrections holdings , inc. , ( corrections and , together with the geo group , inc. , the borrowers ) , the australian borrowers named therein , bnp paribas , as administrative agent , and the lenders who are , or may from time to time become , a party thereto ( the credit agreement ) . the credit agreement refinances geo 's prior $ 291 million term loan , reestablishes geo 's ability to implement at a later date an australian dollar letter of credit facility ( the australian lc facility ) providing for the issuance of financial letters of credit and performance letters of credit , in each case denominated in australian dollars up to aud275 million , an increase from the prior aud225 million australian dollar letter of credit facility , and certain other modifications to the prior credit agreement . loan costs of approximately $ 7 million were incurred and capitalized in connection with the transaction . the credit agreement evidences a senior credit facility ( the senior credit facility ) consisting of an $ 800 million term loan ( the term loan ) bearing interest at libor plus 2.25 % ( with a libor floor of 0.75 % ) , and a $ 900 million revolving credit facility ( the revolver ) initially bearing interest at libor plus 2.25 % ( with no libor floor ) together with aud275 million available solely for the issuance of financial letters of credit and performance letters of credit , in each case denominated in australian dollars under the australian lc facility . as of december 31 , 2017 , there were no letters of credit issued under the australian lc facility . amounts to be borrowed by geo under the credit agreement are subject to the satisfaction of customary conditions to borrowing .


 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 amended and restated credit agreement on march 23 , 2017 , we executed a third amended and restated credit agreement by and among the geo group , inc. and geo corrections holdings , inc. , ( corrections and , together with the geo group , inc. , the borrowers ) , the australian borrowers named therein , bnp paribas , as administrative agent , and the lenders who are , or may from time to time become , a party thereto ( the credit agreement ) . the credit agreement refinances geo 's prior $ 291 million term loan , reestablishes geo 's ability to implement at a later date an australian dollar letter of credit facility ( the australian lc facility ) providing for the issuance of financial letters of credit and performance letters of credit , in each case denominated in australian dollars up to aud275 million , an increase from the prior aud225 million australian dollar letter of credit facility , and certain other modifications to the prior credit agreement . loan costs of approximately $ 7 million were incurred and capitalized in connection with the transaction . the credit agreement evidences a senior credit facility ( the senior credit facility ) consisting of an $ 800 million term loan ( the term loan ) bearing interest at libor plus 2.25 % ( with a libor floor of 0.75 % ) , and a $ 900 million revolving credit facility ( the revolver ) initially bearing interest at libor plus 2.25 % ( with no libor floor ) together with aud275 million available solely for the issuance of financial letters of credit and performance letters of credit , in each case denominated in australian dollars under the australian lc facility . as of december 31 , 2017 , there were no letters of credit issued under the australian lc facility . amounts to be borrowed by geo under the credit agreement are subject to the satisfaction of customary conditions to borrowing .
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 Suspicious Activity Report : in the industry since 1984 and began operating as a reit for federal income tax purposes effective january 1 , 2013. as a result of the reit conversion , we reorganized our operations and moved non-real estate components into trss . through the trs structure , the portion of our businesses which are non-real estate related , such as our managed-only contracts , international operations , electronic monitoring services , and other non-residential and community based facilities , are part of wholly-owned taxable subsidiaries of the reit . most of our business segments , which are real estate related and involve company-owned and company-leased facilities , are part of the reit . the trs structure allows us to maintain the strategic alignment of almost all of our diversified business segments under one entity . the trs assets and operations will continue to be subject to federal and state corporate income taxes and to foreign taxes as applicable in the jurisdictions in which those assets and operations are located . 55 as a reit , we are required to distribute annually at least 90 % of our reit taxable income ( determined without regard to the dividends paid deduction and by excluding net capital gain ) and we began paying regular distributions in 2013. we declared and paid the following regular reit distributions to our shareholders for the years ended december 31 , 2017 , 2016 and 2015 which were treated for federal income taxes as follows ( retroactively adjusted to reflect the effects of our 3-for-2 stock split ) : replace_table_token_16_th ( 1 ) the amount constitutes a qualified dividend , as defined by the internal revenue service . ( 2 ) the amount constitutes a return of capital , as defined by the internal revenue service . critical accounting policies we believe that the accounting policies described below are critical to understanding our business , results of operations and financial condition because they involve the more significant judgments and estimates used in the preparation of our consolidated financial statements . we have discussed the development , selection and application of our critical accounting policies with the audit committee of our board of directors , and our audit committee has reviewed our disclosure relating to our critical accounting policies in this management 's discussion and analysis of financial condition and results of operations. our 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 financial statements and the reported amounts of revenues and expenses during the reporting period . we routinely evaluate our estimates based on historical experience and on various other assumptions that our management believes are reasonable under the circumstances . actual results may differ from these estimates under different assumptions or conditions . if actual results significantly differ from our estimates , our financial condition and results of operations could be materially impacted . other significant accounting policies , primarily those with lower levels of uncertainty than those discussed below , are also critical to understanding our consolidated financial statements . the notes to our consolidated financial statements contain additional information related to our accounting policies and should be read in conjunction with this discussion . revenue recognition facility management revenues are recognized as services are provided under facility management contracts with approved government appropriations based on a net rate per day per inmate or on a fixed monthly rate , as 56 applicable . a limited number of our contracts have provisions upon which a small portion of the revenue for the contract is based on the performance of certain targets . revenue based on the performance of certain targets is less than 1 % of our consolidated annual revenues . these performance targets are based on specific criteria to be met over specific periods of time . such criteria includes our ability to achieve certain contractual benchmarks relative to the quality of service we provide , non-occurrence of certain disruptive events , effectiveness of our quality control programs and our responsiveness to customer requirements and concerns . for the limited number of contracts where revenue is based on the performance of certain targets , revenue is either ( i ) recorded pro rata when revenue is fixed and determinable or ( ii ) recorded when the specified time period lapses . in many instances , we are a party to more than one contract with a single entity . in these instances , each contract is accounted for separately . construction revenues are recognized from our contracts with certain customers to perform construction and design services ( project development services ) for various facilities . in these instances , we act as the primary developer and subcontract with bonded national and or regional design build contractors . these construction revenues are recognized as earned on a percentage of completion basis measured by the percentage of costs incurred to date as compared to the estimated total cost for each contract . provisions for estimated losses on uncompleted contracts and changes to cost estimates are made in the period in which we determine that such losses and changes are probable . typically , we enter into fixed price contracts and do not perform additional work unless approved change orders are in place . costs attributable to unapproved change orders are expensed in the period in which the costs are incurred if we believe that it is not probable that the costs will be recovered through a change in the contract price . story_separator_special_tag we perform the impairment analyses on an annual basis for each of the idle facilities and update each quarter for market developments for the potential utilization of each of the facilities in order to identify events that may cause us to reconsider the most recent assumptions . such events could include negotiations with a prospective customer for the utilization of an idle facility at terms significantly less favorable than used in our most recent impairment analysis , or changes in legislation surrounding a particular facility that could impact our ability to house certain types of inmates at such facility . further , a substantial increase in the number of available beds at other facilities that we own , or in the marketplace , could lead to deterioration in market conditions and projected cash flows . although they are not frequently received , an unsolicited offer to purchase any of our idle facilities , at amounts that are less than their carrying value could also cause us to reconsider the assumptions used in the most recent impairment analysis . we have identified marketing prospects to utilize each of the remaining currently idled facilities and do not see any catalysts that would result in a current impairment . however , we can provide no assurance that we will be able to secure management contracts to utilize our idle facilities , or that we will not incur impairment charges in the future . in all cases , the projected undiscounted cash flows in our analysis as of december 31 , 2017 substantially exceeded the carrying amounts of each facility . our evaluations also take into consideration historical experience in securing new management contracts to utilize facilities that had been previously idled for periods comparable to or in excess of the periods our currently idle facilities have been idled . such previously idle facilities are currently being operated under contracts that generate cash flows resulting in the recoverability of the net book value of the previously idled facilities by substantial amounts . due to a variety of factors , the lead time to negotiate contracts with federal and state agencies to utilize idle bed capacity is generally lengthy which has historically resulted in periods of idleness similar to the ones we are currently experiencing . as a result of our analyses , we determined each of these assets to have recoverable values substantially in excess of the corresponding carrying values . by their nature , these estimates contain uncertainties with respect to the extent and timing of the respective cash flows due to potential delays or material changes to forecasted terms and conditions in contracts with prospective customers that could impact the estimate of projected cash flows . notwithstanding the effects the current economy has had on our customers ' demand for prison beds in the short term which has led to our decision to idle certain facilities , we believe the long-term trends favor an increase in the utilization of our idle correctional facilities . this belief is also based on our experience in working with governmental agencies faced with significant budgetary challenges which is a primary contributing factor to the lack of appropriated funding to build new bed capacity by federal and state agencies . recent accounting pronouncements recent accounting pronouncements the company implemented the following accounting standards during the year ended december 31 , 2017 : in january 2017 , the financial accounting standards board ( fasb ) issued accounting standards update ( asu ) no . 2017-04 , intangibles-goodwill and other ,  which is intended to simplify the test for goodwill impairment . to simplify the subsequent measurement of goodwill , this update eliminates step 2 from the goodwill impairment test . in computing the implied fair value of goodwill under step 2 , an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination . instead , under the amendments in this update , an entity should perform its annual , or interim , goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount . an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit 's fair value . an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary . the amendments in this update are effective for public companies for fiscal years beginning after december 15 , 2019 , including interim periods within those fiscal years . early adoption is permitted for interim or annual goodwill tests performed on testing dates after january 1 , 61 2017. we have elected to early adopt this standard during the fourth quarter of 2017. the implementation of this standard did not have a material impact on our financial position , results of operations or cash flows . in march 2016 , the fasb issued asu no . 2016-09 , compensation  stock compensation ( topic 718 ) ,  as a part of its simplification initiative . the company adopted this asu during 2017. key areas of the amendments in this standard are ( i ) all excess tax benefits ( deficiencies ) from stock plan transactions should be recognized in the income statement as opposed to being recognized in additional paid-in capital ; ( ii ) the tax withholding threshold for triggering liability accounting on a net settlement transaction has been increased from the minimum statutory rate to the maximum statutory rate ; and ( iii ) an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures as they occur . the guidance also provides clarification of the presentation of certain components of

