Non-Controlling Interests

3 Months Ended

Mar. 31, 2018

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 March 31,
	2018		2017
	(in thousands)
Non-Controlling Interests of Pzena Investment Management, LLC	$	14,113	$	10,120
Non-Controlling Interests of Consolidated Subsidiaries	30		270
Net Income Attributable to Non-Controlling Interests	$	14,143	$	10,390

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.