Non-Controlling Interests

6 Months Ended

Jun. 30, 2022

Note 7—Non-Controlling Interests

Net Income Attributable to Non-Controlling Interests in the operations of the Company’s operating company and consolidated subsidiaries is comprised of the following:


	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2022			2021		2022			2021
	(in thousands)
Non-Controlling Interests of Pzena Investment Management, LLC	$	14,090		$	22,225	$	28,913		$	42,873
Non-Controlling Interests of Consolidated Subsidiaries		(2,174	)		249		(1,330	)		443
Net Income Attributable to Non-Controlling Interests	$	11,916		$	22,474	$	27,583		$	43,316

Distributions to non-controlling interests represent tax allocations and dividend equivalents paid to the members of the operating company, as well as withdrawals from the Company’s consolidated subsidiaries. Contributions from non-controlling interests represent contributions to the Company's consolidated subsidiaries.