XML 62 R49.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Reporting (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Jun. 30, 2020
USD ($)
segment
Jun. 30, 2019
USD ($)
Sep. 30, 2019
USD ($)
Segment Reporting                  
Number of reportable business segments | segment             1    
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 (loss) gain 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  
Total assets 704,723     660,439     704,723 660,439 $ 660,832
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  
Operating Segments | RMR LLC                  
Revenues:                  
Revenue 137,719     142,275     434,940 549,820  
Expenses:                  
Compensation and benefits 28,203     26,864     84,401 80,800  
Equity based compensation 1,255     1,310     3,079 4,270  
Separation costs       239     645 7,050  
Total compensation and benefits expense 29,458     28,413     88,125 92,120  
General and administrative 5,292     6,746     17,731 19,298  
Other client company reimbursable expenses 85,650     85,689     267,852 257,088  
Transaction and acquisition related costs 317     42     366 273  
Depreciation and amortization 217     237     696 723  
Total expenses 120,934     121,127     374,770 369,502  
Operating income (loss) 16,785     21,148     60,170 180,318  
Interest and other income 667     2,185     3,753 5,650  
Impairment loss on Tremont Mortgage Trust investment       0       0  
Equity in earnings of investees 0     0     0 0  
Unrealized (loss) gain on equity method investment accounted for under the fair value option 1,678     (731)     916 (2,978)  
Income (loss) before income tax expense 19,130     22,602     64,839 182,990  
Income tax expense 0     0     0 0  
Net income (loss) 19,130     22,602     64,839 182,990  
Total assets 655,413     606,164     655,413 606,164  
Operating Segments | RMR LLC | Total management and advisory services revenues                  
Revenues:                  
Revenue 38,590     43,604     128,404 253,629  
Operating Segments | RMR LLC | Management services                  
Revenues:                  
Revenue 38,590     43,604     128,404 133,535  
Operating Segments | RMR LLC | Incentive business management fees                  
Revenues:                  
Revenue               120,094  
Operating Segments | RMR LLC | Advisory services                  
Revenues:                  
Revenue 0     0     0 0  
Operating Segments | RMR LLC | Total reimbursable costs                  
Revenues:                  
Revenue 99,129     98,671     306,536 296,191  
Operating Segments | RMR LLC | Reimbursable compensation and benefits                  
Revenues:                  
Revenue 13,479     12,982     38,684 39,103  
Operating Segments | RMR LLC | Other client company reimbursable expenses                  
Revenues:                  
Revenue 85,650     85,689     267,852 257,088  
All Other Operations                  
Revenues:                  
Revenue 930     1,440     4,462 4,304  
Expenses:                  
Compensation and benefits 1,366     1,666     5,487 4,723  
Equity based compensation 44     24     104 79  
Separation costs       0     0 0  
Total compensation and benefits expense 1,410     1,690     5,591 4,802  
General and administrative 1,043     924     2,947 2,814  
Other client company reimbursable expenses 0     0     0 0  
Transaction and acquisition related costs 110     0     1,230 0  
Depreciation and amortization 12     13     35 39  
Total expenses 2,575     2,627     9,803 7,655  
Operating income (loss) (1,645)     (1,187)     (5,341) (3,351)  
Interest and other income 60     223     349 752  
Impairment loss on Tremont Mortgage Trust investment       (6,213)       (6,213)  
Equity in earnings of investees 458     174     1,037 318  
Unrealized (loss) gain on equity method investment accounted for under the fair value option 0     0     0 0  
Income (loss) before income tax expense (1,127)     (7,003)     (3,955) (8,494)  
Income tax expense (2,608)     (2,226)     (8,944) (24,335)  
Net income (loss) (3,735)     (9,229)     (12,899) (32,829)  
Total assets 49,310     54,275     49,310 54,275  
All Other Operations | Total management and advisory services revenues                  
Revenues:                  
Revenue 660     839     3,069 2,539  
All Other Operations | Management services                  
Revenues:                  
Revenue 35     37     817 194  
All Other Operations | Incentive business management fees                  
Revenues:                  
Revenue               0  
All Other Operations | Advisory services                  
Revenues:                  
Revenue 625     802     2,252 2,345  
All Other Operations | Total reimbursable costs                  
Revenues:                  
Revenue 270     601     1,393 1,765  
All Other Operations | Reimbursable compensation and benefits                  
Revenues:                  
Revenue 270     601     1,393 1,765  
All Other Operations | Other client company reimbursable expenses                  
Revenues:                  
Revenue 0     0     0 0  
Intersegment Eliminations                  
Revenues:                  
Revenue $ (988)     $ (909)     $ (4,153) $ (2,696)