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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Jun. 30, 2020
Jun. 30, 2019
Revenues:                
Revenue $ 138,649     $ 143,715     $ 439,402 $ 554,124
Expenses:                
Compensation and benefits 29,569     28,530     89,888 85,523
Equity based compensation 1,299     1,334     3,183 4,349
Separation costs 0     239     645 7,050
Total compensation and benefits expense 30,868     30,103     93,716 96,922
General and administrative 6,335     7,670     20,678 22,112
Other client company reimbursable expenses 85,650     85,689     267,852 257,088
Transaction and acquisition related costs 427     42     1,596 273
Depreciation and amortization 229     250     731 762
Total expenses 123,509     123,754     384,573 377,157
Operating income (loss) 15,140     19,961     54,829 176,967
Interest and other income 727     2,408     4,102 6,402
Impairment loss on Tremont Mortgage Trust investment 0     (6,213)     0 (6,213)
Equity in earnings of investees 458     174     1,037 318
Unrealized gain (loss) on equity method investment accounted for under the fair value option 1,678     (731)     916 (2,978)
Income (loss) before income tax expense 18,003     15,599     60,884 174,496
Income tax expense (2,608)     (2,226)     (8,944) (24,335)
Net income (loss) 15,395 $ 14,921 $ 21,624 13,373 $ 18,708 $ 118,080 51,940 150,161
Net income attributable to noncontrolling interest (8,678)     (7,524)     (29,306) (83,935)
Net income attributable to The RMR Group Inc. $ 6,717     $ 5,849     $ 22,634 $ 66,226
Weighted average common shares outstanding - basic (in shares) 16,198     16,137     16,187 16,126
Weighted average common shares outstanding - diluted (in shares) 31,198     16,149     31,187 16,142
Net income attributable to RMR Inc. per common share - basic (in dollars per share) $ 0.41     $ 0.36     $ 1.39 $ 4.08
Net income attributable to RMR Inc. per common share - diluted (in dollars per share) $ 0.41     $ 0.36     $ 1.37 $ 4.08
Total management and advisory services revenues                
Revenues:                
Revenue $ 39,250     $ 44,443     $ 131,473 $ 256,168
Management services                
Revenues:                
Revenue 38,625     43,641     129,221 133,729
Incentive business management fees                
Revenues:                
Revenue 0     0     0 120,094
Advisory services                
Revenues:                
Revenue 625     802     2,252 2,345
Total reimbursable costs                
Revenues:                
Revenue 99,399     99,272     307,929 297,956
Reimbursable compensation and benefits                
Revenues:                
Revenue 13,749     13,583     40,077 40,868
Other client company reimbursable expenses                
Revenues:                
Revenue $ 85,650     $ 85,689     $ 267,852 $ 257,088