On a GAAP basis, net income attributable to the controlling and noncontrolling interests for the second quarter was $9.5 million, compared with net income of $19.9 million in the second quarter of 2011 and $34.4 million in the first quarter of 2012. The decrease in net income is primarily attributed to non-cash reorganization-related share-based compensation expense of $24.0 million in the second quarter of 2012. GAAP net loss attributable to the common shareholders for the second quarter of $1.8 million, or $0.14 per basic and diluted share, reflects the public ownership of the Company’s subsidiary, Manning & Napier Group, LLC. The remaining ownership interest is attributed to the other members of Manning & Napier Group, LLC.Six-months ended June 30, 2012 Financial Review
Manning & Napier, Inc. Reports Second Quarter 2012 Earnings Results
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