Per Common Share Amounts (Tables)

6 Months Ended

Mar. 31, 2021

The calculation of basic and diluted earnings per share for the three and six months ended March 31, 2021 and 2020, is as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
Numerators:
Net income attributable to The RMR Group Inc.	$	4,941	$	6,468	$	13,838	$	15,917
Income attributable to unvested participating securities	(44)		(47)		(121)		(119)
Net income attributable to The RMR Group Inc. used in calculating basic EPS	4,897		6,421		13,717		15,798
Effect of dilutive securities:
Add back: income attributable to unvested participating securities	44		47		121		119
Add back: net income attributable to noncontrolling interest	6,539		8,453		17,395		20,628
Add back: income tax expense	1,992		2,612		4,748		6,336
Income tax expense assuming redemption of noncontrolling interest’s Class A Units for Class A Common Shares (1)	(4,113)		(5,317)		(10,547)		(12,858)
Net income used in calculating diluted EPS	$	9,359	$	12,216	$	25,434	$	30,023

Denominators:
Common shares outstanding	16,413		16,314		16,413		16,314
Unvested participating securities	(157)		(128)		(159)		(133)
Weighted average common shares outstanding - basic	16,256		16,186		16,254		16,181
Effect of dilutive securities:
Assumed redemption of noncontrolling interest’s Class A Units for Class A Common Shares	15,000		15,000		15,000		15,000
Incremental unvested shares	24		—		—		—
Weighted average common shares outstanding - diluted	31,280		31,186		31,254		31,181

Net income attributable to The RMR Group Inc. per common share - basic	$	0.30	$	0.40	$	0.84	$	0.98
Net income attributable to The RMR Group Inc. per common share - diluted	$	0.30	$	0.39	$	0.81	$	0.96

(1)Income tax expense assumes the hypothetical conversion of the noncontrolling interest, which results in estimated tax rates of 30.5% and 30.3% for the three months ended March 31, 2021 and 2020, respectively, and 29.3% and 30.0% for the six months ended March 31, 2021 and 2020, respectively.