SAE Foundation Notes to the Financial Statements (continued) 3. Investments (Continued) Fair value of assets and liabilities measured on a recurring basis within the fair value hierarchy is as follows at: December 31, 2016 Unrestricted Temporarily Restricted Total (in thousands) Interest and dividend income Net appreciation (depreciation) $ 73 $ 463 Subtotal investment return Less: Investment expenses Investment Income (Loss) $ December 31, 2015 190 $ 160 536 (21) 350 (53) (74) 515 $ 297 $ Unrestricted Temporarily Restricted 263 623 886 812 Total (in thousands) Interest and dividend income Net appreciation $ Subtotal investment return Less: Investment expenses Investment Income $ 77 $ (682) 189 $ 98 266 (584) (605) (21) 287 (52) (318) (73) (626) $ 235 $ (391) Inspiring Curiosity in STEM | 33