additional information regarding the company 's acquisition activity as it relates to potential revenue growth is provided in item 7 “ management 's discussion and analysis of financial condition and results of operations ” under “ certain factors affecting our business . ” amounts reported in millions herein are computed based on the amounts in thousands . as a result , the sum of the components , and related calculations , reported in millions may not equal the total amounts due to rounding . executive summary the company 's objective is to create shareholder value by building , growing and acquiring market-leading partner firms that deliver innovative , value-added marketing , activation , communications and strategic consulting to their clients . management believes that shareholder value is maximized with an operating philosophy of “ perpetual partnership ” with proven committed industry leaders in marketing communications . mdc manages its business by monitoring several financial and non-financial performance indicators . the key indicators that we focus on are the areas of revenues and operating expenses and capital expenditures . revenue growth is analyzed by reviewing a mix of measurements , including ( i ) growth by major geographic location , ( ii ) existing growth by major discipline ( organic revenue growth ) , ( iii ) growth from currency changes and ( iv ) growth from acquisitions . in addition to monitoring the foregoing financial indicators , the company assesses and monitors several non-financial performance indicators relating to the business performance of our partner firms . these indicators may include a partner firm 's recent new client win/loss record ; the depth and scope of a pipeline of potential new client account activity ; the overall quality of the services provided to clients ; and the relative strength of the company 's next generation team that is in place as part of a potential succession plan to succeed the current senior executive team . 17 mdc conducts its businesses through its partner firm network , the advertising and communications group , providing value-added marketing , activation , and communications and strategic consulting services to clients throughout the world . as discussed in note 1 and note 14 of the notes to the consolidated financial statements included herein , during the third quarter of 2016 , the company reassessed its determination of operating segments and concluded that each partner firm represents an operating segment and aggregated partner firms that met the aggregation criteria into one reportable segment and combined and disclosed those partner firms that did not meet the aggregation criteria as an “ all other ” segment . in addition , mdc has a “ corporate group ” which provides client and business development support to the partner firms as well as certain strategic resources , including accounting , administrative , financial , real estate , human resource and legal functions . the partner firms earn revenue from agency arrangements in the form of retainer fees or commissions ; from short-term project arrangements in the form of fixed fees or per diem fees for services ; and from incentives or bonuses . additional information about revenue recognition appears in note 2 of the notes to the consolidated financial statements included herein . mdc measures operating expenses in two distinct cost categories : cost of services sold , and office and general expenses . cost of services sold is primarily comprised of employee compensation related costs and direct costs related primarily to providing services . office and general expenses are primarily comprised of rent and occupancy costs and administrative service costs including related employee compensation costs . also included in office and general expenses are the changes of the estimated value of our contingent purchase price obligations , including the accretion of present value and acquisition related costs . depreciation and amortization are also included in operating expenses . because we are a service business , we monitor these costs on a percentage of revenue basis . cost of services sold tend to fluctuate in conjunction with changes in revenues , whereas office and general expenses and depreciation and amortization , which are not directly related to servicing clients , tend to decrease as a percentage of revenue as revenues increase as a significant portion of these expenses are relatively fixed in nature . we measure capital expenditures as either maintenance or investment related . maintenance capital expenditures are primarily composed of general upkeep of our office facilities and equipment that are required to continue to operate our businesses . investment capital expenditures include expansion costs , the build out of new capabilities , technology , and other growth initiatives not related to the day to day upkeep of the existing operations . growth capital expenditures are measured and approved based on the expected return of the invested capital . certain factors affecting our business overall factors affecting our business and results of operations . the most significant factors include national , regional and local economic conditions , our clients ' profitability , mergers and acquisitions of our clients , changes in top management of our clients and our ability to retain and attract key employees . new business wins and client losses occur due to a variety of factors . the two most significant factors are ( i ) our clients ' desire to change marketing communication firms , and ( ii ) the creative product that our partner firms offer . a client may choose to change marketing communication firms for a number of reasons , such as a change in top management and the new management wants to retain an agency that it may have previously worked with . in addition , if the client is merged or acquired by another company , the marketing communication firm is often changed . further , global clients are trending to consolidate the use of numerous marketing communication firms to just one or two . story_separator_special_tag the decrease in deferred acquisition consideration expense was due to the aggregate under-performance of certain partner firms in 2016 as compared to forecasted expectations in comparison to 2015 aggregate out-performance as compared to forecasted expectations . this decrease was partially offset by expenses pertaining to an amendment to a purchase agreement of previously acquired incremental ownership interest entered into during 2016 , as well as increased estimated liability driven by the decrease in the company 's estimated future stock price , pertaining to an equity funded acquisition . stock-based compensation remained consistent as a percentage of revenue at approximately 1 % . depreciation and amortization expense also remained consistent as a percentage of revenue at approximately 3 % . all other revenue was $ 238.6 million for the year ended december 31 , 2016 , representing an increase of $ 14.0 million or 6.2 % , compared to revenue of $ 224.6 million for the year ended december 31 , 2015 . this increase related to revenue from acquisitions of $ 6.7 million or 3.0 % , as well as revenue growth of $ 10.8 million or 4.8 % excluding the effect of the acquisitions . these increases were partially offset by a decrease in foreign exchange of $ 3.0 million or 1.3 % , as well as disposition adjustment of $ 0.5 million or 0.2 % . 25 the change in expenses as a percentage of revenue in the all other segment for the years ended december 31 , 2016 and 2015 was as follows : replace_table_token_13_th the change in the categories of expenses as a percentage of revenue in the all other segment for the years ended december 31 , 2016 and 2015 was as follows : replace_table_token_14_th ( 1 ) excludes staff costs . ( 2 ) excludes stock-based compensation and is comprised of amounts reported in both cost of services and office and general expenses . operating profit for the all other segment for the year ended december 31 , 2016 was a loss of $ 21.8 million , compared to profit of $ 1.7 million for the year ended december 31 , 2015 . operating margins declined from 0.8 % in 2015 to a negative 9.1 % in 2016 . the decrease in operating profit and margin was largely due to the goodwill impairment charge of $ 48.5 million , partially offset by decreased deferred acquisition consideration expense . direct costs increased by $ 1.2 million , or 1.9 % , and as a percentage of revenue decreased from 28.0 % for the year ended december 31 , 2015 to 26.9 % for the year ended december 31 , 2016 . this decrease as a percentage of revenue was due to a decline in pass-through costs incurred on clients ' behalf from some of the company 's partner firms acting as principal verses agent . staff costs increased by $ 10.6 million , or 10.8 % , and as a percentage of revenue increased from 43.7 % for the year ended december 31 , 2015 to 45.6 % for the year ended december 31 , 2016 . the increase in staff costs was due to increased headcount driven by certain partner firms to support the growth of their businesses , as well as contributions from a 2015 acquisition . the increase in staff costs as a percentage of revenue , was due to increased levels of staffing at certain partner firms to support their growing businesses . administrative costs increased year over year and as a percentage of revenue primarily due to higher occupancy expenses and other general and administrative expenses . these increases were incurred to support the growth and expansion of certain partner firms . 26 deferred acquisition consideration was an expense of $ 0.8 million for the year ended december 31 , 2016 , compared to expense of $ 18.4 million for the year ended december 31 , 2015 . the decrease in deferred acquisition consideration expense was due to the 2015 aggregate out performance as compared to forecast expectations of certain partner firms that did not reoccur in 2016. stock-based compensation decreased slightly as a percentage of revenue . depreciation and amortization expense decreased by $ 6.9 million primarily due to lower amortization from intangibles related to prior year acquisitions . goodwill impairment of $ 48.5 million in the aggregate was comprised of a partial impairment of goodwill of $ 27.9 million relating to an experiential reporting unit , a partial impairment of goodwill of $ 18.9 million relating to a strategic communications reporting unit , and a partial impairment of goodwill of $ 1.7 million relating to a non-material reporting unit . refer to note 8 of the notes to the consolidated financial statements included herein for additional information . corporate group the change in operating expenses for the years ended december 31 , 2016 and 2015 was as follows : replace_table_token_15_th ( 1 ) excludes stock-based compensation . total operating expenses related to the corporate group 's operations decreased by $ 21.1 million to $ 44.1 million for the year ended december 31 , 2016 , compared to $ 65.2 million for the year ended december 31 , 2015 . staff costs decreased on a year-over-year basis by $ 14.6 million , or 34.4 % . the decrease was primarily related to a 2015 one-time charge of $ 5.8 million for the balance of prior cash bonus award amounts that were paid to the former chief executive officer ( “ ceo ” ) and chief accounting officer ( “ cao ” ) but will not be recovered pursuant to the repayment terms of the applicable separation agreements . in addition , there was lower executive compensation expense in 2016. administrative costs decreased by $ 6.1 million primarily due to 2016 reductions in the following categories : ( 1 ) legal fees related to the class-action litigation and sec investigation of $ 9.6 million , ( 2 ) advertising and

total debt 6.50 % senior notes due 2024 on march 23 , 2016 , mdc entered into an indenture ( the “ indenture ” ) among mdc , its existing and future restricted subsidiaries that guarantee , or are co-borrowers under or grant liens to secure , the credit agreement , as guarantors ( the “ guarantors ” ) and the bank of new york mellon , as trustee , relating to the issuance by mdc of its $ 900 million aggregate principal amount of 6.50 % senior unsecured notes due 2024. the 6.50 % notes were sold in a private placement in reliance on exceptions from registration under the '33 act . the 6.50 % notes bear interest at a rate of 6.50 % per annum , accruing from march 23 , 2016. interest is payable semiannually in arrears on may 1 and november 1 of each year , beginning november 1 , 2016. the 6.50 % notes mature on may 1 , 2024 , unless earlier redeemed or repurchased . the company received net proceeds from the offering of the 6.50 % notes equal to 36 approximately $ 880,000. the company used the net proceeds to redeem all of its existing 6.75 % notes , together with accrued interest , related premiums , fees and expenses and recorded a charge for the loss on redemption of such notes of $ 33,298 , including write offs of unamortized original issue premium and debt issuance costs . remaining proceeds were used for general corporate purposes , including funding of deferred acquisition consideration . the 6.50 % notes are guaranteed on a senior unsecured basis by all of mdc 's existing and future restricted subsidiaries that guarantee , or are co-borrowers under or grant liens to secure , the credit agreement .


 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.
     ```total debt 6.50 % senior notes due 2024 on march 23 , 2016 , mdc entered into an indenture ( the “ indenture ” ) among mdc , its existing and future restricted subsidiaries that guarantee , or are co-borrowers under or grant liens to secure , the credit agreement , as guarantors ( the “ guarantors ” ) and the bank of new york mellon , as trustee , relating to the issuance by mdc of its $ 900 million aggregate principal amount of 6.50 % senior unsecured notes due 2024. the 6.50 % notes were sold in a private placement in reliance on exceptions from registration under the '33 act . the 6.50 % notes bear interest at a rate of 6.50 % per annum , accruing from march 23 , 2016. interest is payable semiannually in arrears on may 1 and november 1 of each year , beginning november 1 , 2016. the 6.50 % notes mature on may 1 , 2024 , unless earlier redeemed or repurchased . the company received net proceeds from the offering of the 6.50 % notes equal to 36 approximately $ 880,000. the company used the net proceeds to redeem all of its existing 6.75 % notes , together with accrued interest , related premiums , fees and expenses and recorded a charge for the loss on redemption of such notes of $ 33,298 , including write offs of unamortized original issue premium and debt issuance costs . remaining proceeds were used for general corporate purposes , including funding of deferred acquisition consideration . the 6.50 % notes are guaranteed on a senior unsecured basis by all of mdc 's existing and future restricted subsidiaries that guarantee , or are co-borrowers under or grant liens to secure , the credit agreement .
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 Suspicious Activity Report : additional information regarding the company 's acquisition activity as it relates to potential revenue growth is provided in item 7 “ management 's discussion and analysis of financial condition and results of operations ” under “ certain factors affecting our business . ” amounts reported in millions herein are computed based on the amounts in thousands . as a result , the sum of the components , and related calculations , reported in millions may not equal the total amounts due to rounding . executive summary the company 's objective is to create shareholder value by building , growing and acquiring market-leading partner firms that deliver innovative , value-added marketing , activation , communications and strategic consulting to their clients . management believes that shareholder value is maximized with an operating philosophy of “ perpetual partnership ” with proven committed industry leaders in marketing communications . mdc manages its business by monitoring several financial and non-financial performance indicators . the key indicators that we focus on are the areas of revenues and operating expenses and capital expenditures . revenue growth is analyzed by reviewing a mix of measurements , including ( i ) growth by major geographic location , ( ii ) existing growth by major discipline ( organic revenue growth ) , ( iii ) growth from currency changes and ( iv ) growth from acquisitions . in addition to monitoring the foregoing financial indicators , the company assesses and monitors several non-financial performance indicators relating to the business performance of our partner firms . these indicators may include a partner firm 's recent new client win/loss record ; the depth and scope of a pipeline of potential new client account activity ; the overall quality of the services provided to clients ; and the relative strength of the company 's next generation team that is in place as part of a potential succession plan to succeed the current senior executive team . 17 mdc conducts its businesses through its partner firm network , the advertising and communications group , providing value-added marketing , activation , and communications and strategic consulting services to clients throughout the world . as discussed in note 1 and note 14 of the notes to the consolidated financial statements included herein , during the third quarter of 2016 , the company reassessed its determination of operating segments and concluded that each partner firm represents an operating segment and aggregated partner firms that met the aggregation criteria into one reportable segment and combined and disclosed those partner firms that did not meet the aggregation criteria as an “ all other ” segment . in addition , mdc has a “ corporate group ” which provides client and business development support to the partner firms as well as certain strategic resources , including accounting , administrative , financial , real estate , human resource and legal functions . the partner firms earn revenue from agency arrangements in the form of retainer fees or commissions ; from short-term project arrangements in the form of fixed fees or per diem fees for services ; and from incentives or bonuses . additional information about revenue recognition appears in note 2 of the notes to the consolidated financial statements included herein . mdc measures operating expenses in two distinct cost categories : cost of services sold , and office and general expenses . cost of services sold is primarily comprised of employee compensation related costs and direct costs related primarily to providing services . office and general expenses are primarily comprised of rent and occupancy costs and administrative service costs including related employee compensation costs . also included in office and general expenses are the changes of the estimated value of our contingent purchase price obligations , including the accretion of present value and acquisition related costs . depreciation and amortization are also included in operating expenses . because we are a service business , we monitor these costs on a percentage of revenue basis . cost of services sold tend to fluctuate in conjunction with changes in revenues , whereas office and general expenses and depreciation and amortization , which are not directly related to servicing clients , tend to decrease as a percentage of revenue as revenues increase as a significant portion of these expenses are relatively fixed in nature . we measure capital expenditures as either maintenance or investment related . maintenance capital expenditures are primarily composed of general upkeep of our office facilities and equipment that are required to continue to operate our businesses . investment capital expenditures include expansion costs , the build out of new capabilities , technology , and other growth initiatives not related to the day to day upkeep of the existing operations . growth capital expenditures are measured and approved based on the expected return of the invested capital . certain factors affecting our business overall factors affecting our business and results of operations . the most significant factors include national , regional and local economic conditions , our clients ' profitability , mergers and acquisitions of our clients , changes in top management of our clients and our ability to retain and attract key employees . new business wins and client losses occur due to a variety of factors . the two most significant factors are ( i ) our clients ' desire to change marketing communication firms , and ( ii ) the creative product that our partner firms offer . a client may choose to change marketing communication firms for a number of reasons , such as a change in top management and the new management wants to retain an agency that it may have previously worked with . in addition , if the client is merged or acquired by another company , the marketing communication firm is often changed . further , global clients are trending to consolidate the use of numerous marketing communication firms to just one or two . story_separator_special_tag the decrease in deferred acquisition consideration expense was due to the aggregate under-performance of certain partner firms in 2016 as compared to forecasted expectations in comparison to 2015 aggregate out-performance as compared to forecasted expectations . this decrease was partially offset by expenses pertaining to an amendment to a purchase agreement of previously acquired incremental ownership interest entered into during 2016 , as well as increased estimated liability driven by the decrease in the company 's estimated future stock price , pertaining to an equity funded acquisition . stock-based compensation remained consistent as a percentage of revenue at approximately 1 % . depreciation and amortization expense also remained consistent as a percentage of revenue at approximately 3 % . all other revenue was $ 238.6 million for the year ended december 31 , 2016 , representing an increase of $ 14.0 million or 6.2 % , compared to revenue of $ 224.6 million for the year ended december 31 , 2015 . this increase related to revenue from acquisitions of $ 6.7 million or 3.0 % , as well as revenue growth of $ 10.8 million or 4.8 % excluding the effect of the acquisitions . these increases were partially offset by a decrease in foreign exchange of $ 3.0 million or 1.3 % , as well as disposition adjustment of $ 0.5 million or 0.2 % . 25 the change in expenses as a percentage of revenue in the all other segment for the years ended december 31 , 2016 and 2015 was as follows : replace_table_token_13_th the change in the categories of expenses as a percentage of revenue in the all other segment for the years ended december 31 , 2016 and 2015 was as follows : replace_table_token_14_th ( 1 ) excludes staff costs . ( 2 ) excludes stock-based compensation and is comprised of amounts reported in both cost of services and office and general expenses . operating profit for the all other segment for the year ended december 31 , 2016 was a loss of $ 21.8 million , compared to profit of $ 1.7 million for the year ended december 31 , 2015 . operating margins declined from 0.8 % in 2015 to a negative 9.1 % in 2016 . the decrease in operating profit and margin was largely due to the goodwill impairment charge of $ 48.5 million , partially offset by decreased deferred acquisition consideration expense . direct costs increased by $ 1.2 million , or 1.9 % , and as a percentage of revenue decreased from 28.0 % for the year ended december 31 , 2015 to 26.9 % for the year ended december 31 , 2016 . this decrease as a percentage of revenue was due to a decline in pass-through costs incurred on clients ' behalf from some of the company 's partner firms acting as principal verses agent . staff costs increased by $ 10.6 million , or 10.8 % , and as a percentage of revenue increased from 43.7 % for the year ended december 31 , 2015 to 45.6 % for the year ended december 31 , 2016 . the increase in staff costs was due to increased headcount driven by certain partner firms to support the growth of their businesses , as well as contributions from a 2015 acquisition . the increase in staff costs as a percentage of revenue , was due to increased levels of staffing at certain partner firms to support their growing businesses . administrative costs increased year over year and as a percentage of revenue primarily due to higher occupancy expenses and other general and administrative expenses . these increases were incurred to support the growth and expansion of certain partner firms . 26 deferred acquisition consideration was an expense of $ 0.8 million for the year ended december 31 , 2016 , compared to expense of $ 18.4 million for the year ended december 31 , 2015 . the decrease in deferred acquisition consideration expense was due to the 2015 aggregate out performance as compared to forecast expectations of certain partner firms that did not reoccur in 2016. stock-based compensation decreased slightly as a percentage of revenue . depreciation and amortization expense decreased by $ 6.9 million primarily due to lower amortization from intangibles related to prior year acquisitions . goodwill impairment of $ 48.5 million in the aggregate was comprised of a partial impairment of goodwill of $ 27.9 million relating to an experiential reporting unit , a partial impairment of goodwill of $ 18.9 million relating to a strategic communications reporting unit , and a partial impairment of goodwill of $ 1.7 million relating to a non-material reporting unit . refer to note 8 of the notes to the consolidated financial statements included herein for additional information . corporate group the change in operating expenses for the years ended december 31 , 2016 and 2015 was as follows : replace_table_token_15_th ( 1 ) excludes stock-based compensation . total operating expenses related to the corporate group 's operations decreased by $ 21.1 million to $ 44.1 million for the year ended december 31 , 2016 , compared to $ 65.2 million for the year ended december 31 , 2015 . staff costs decreased on a year-over-year basis by $ 14.6 million , or 34.4 % . the decrease was primarily related to a 2015 one-time charge of $ 5.8 million for the balance of prior cash bonus award amounts that were paid to the former chief executive officer ( “ ceo ” ) and chief accounting officer ( “ cao ” ) but will not be recovered pursuant to the repayment terms of the applicable separation agreements . in addition , there was lower executive compensation expense in 2016. administrative costs decreased by $ 6.1 million primarily due to 2016 reductions in the following categories : ( 1 ) legal fees related to the class-action litigation and sec investigation of $ 9.6 million , ( 2 ) advertising and

