Investments

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Investments

Note 5. Investments

The following table presents our investments at the dates indicated:

(in thousands)	December 31, 2017		December 31, 2016
Advantage Joint Venture (1)	$	70,283	$	—
White Cliffs Interest	10,178		11,151
Total Investments	$	80,461	$	11,151

⁽¹⁾  We capitalized $1.7 million in acquisition related expenses that are included in the basis of the investment. As of December 31, 2017, $1.6 million in acquisition related expenses remains unamortized.

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

	Year Ended December 31,
(in thousands)	2017		2016		2015
Advantage Joint Venture (1)	$	1,779	$	—	$	—
White Cliffs Interest	4,088		4,526		4,621
Other (2)	467		—		—
Total Investment Income	$	6,334	$	4,526	$	4,621

⁽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 December 31, 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:

(in thousands)	December 31, 2017
Current Assets	$	9,271
Noncurrent Assets	131,217
Current Liabilities	3,200
Noncurrent Liabilities	$	4

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

(in thousands)	Year Ended December 31, 2017 (1)
Operating Revenues	$	11,034
Operating Expenses	7,358
Income Before Taxes	3,676
Income Tax Expense	35
Net Income	$	3,641

⁽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 December 31, 2017.