Note 5. Investments

The following table presents our investments at the dates indicated:


⁽¹⁾	We capitalized $1.7 million in acquisition related expenses that are included in the basis of the investment. As of September 30, 2017, $1.7 million in acquisition related expenses remains unamortized.

The following table presents our investment income for the periods indicated:



	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2017		2016		2017		2016
Advantage Joint Venture ⁽¹⁾	$	416	$	—	$	821	$	—
White Cliffs Interest	1,042		1,070		3,226		3,509
Other ⁽²⁾	175		—		292		—
Total Investment Income	$	1,633	$	1,070	$	4,339	$	3,509


⁽¹⁾	Includes the amortization of acquisition related expenses. As we completed the Advantage acquisition on April 3, 2017, the year-to-date results are for the period beginning on April 3, 2017 and ending on September 30, 2017.


⁽²⁾	Represents income associated with our fee for serving as the operator of the Advantage Joint Venture. The fee totals approximately $0.7 million per year.

Summarized, 100% combined balance sheet financial information for the Advantage Joint Venture at the date indicated:

Summarized, 100% combined statement of operations information for the Advantage Joint Venture for the periods indicated:



(in thousands)	Three Months Ended September 30, 2017		Nine Months Ended September 30, 2017 ⁽¹⁾
Operating Revenues	$	3,186	$	6,274
Operating Expenses	2,314		4,556
Income Before Taxes	872		1,718
Income Tax Expense	20		20
Net Income	$	852	$	1,698


⁽¹⁾	As we completed the Advantage acquisition on April 3, 2017, the year-to-date results are for the period beginning on April 3, 2017 and ending on September 30, 2017.