Segment Reporting (Tables)

6 Months Ended

Mar. 31, 2021

Schedule of segment reporting information


	Three Months Ended March 31, 2021
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	40,242	$	—	$	40,242
Incentive business management fees	—		620		620
Advisory services	—		1,129		1,129
Total management and advisory services revenues	40,242		1,749		41,991
Reimbursable compensation and benefits	12,668		491		13,159
Reimbursable equity based compensation	1,206		—		1,206
Other reimbursable expenses	75,208		—		75,208
Total reimbursable costs	89,082		491		89,573
Total revenues	129,324		2,240		131,564
Expenses:
Compensation and benefits	29,107		1,479		30,586
Equity based compensation	1,721		31		1,752

Total compensation and benefits expense	30,828		1,510		32,338
General and administrative	6,102		1,002		7,104
Other reimbursable expenses	75,208		—		75,208
Transaction and acquisition related costs	296		—		296
Depreciation and amortization	241		10		251
Total expenses	112,675		2,522		115,197
Operating income (loss)	16,649		(282)		16,367
Interest and other income	196		8		204


Equity in earnings of investees	—		303		303
Unrealized loss on equity method investment accounted for under the fair value option	(3,402)		—		(3,402)
Income before income tax expense	13,443		29		13,472
Income tax expense	—		(1,992)		(1,992)
Net income (loss)	$	13,443	$	(1,963)	$	11,480

Total assets	$	650,539	$	51,090	$	701,629

(1) Intersegment revenues of $1,060 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the condensed consolidated financial statements.


	Three Months Ended March 31, 2020
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	43,219	$	102	$	43,321

Advisory services	—		780		780
Total management and advisory services revenues	43,219		882		44,101
Reimbursable compensation and benefits	12,793		30		12,823
Reimbursable equity based compensation	(290)		—		(290)
Other reimbursable expenses	84,227		—		84,227
Total reimbursable costs	96,730		30		96,760
Total revenues	139,949		912		140,861
Expenses:
Compensation and benefits	28,923		1,199		30,122
Equity based compensation	257		45		302
Separation costs	385		—		385
Total compensation and benefits expense	29,565		1,244		30,809
General and administrative	6,314		983		7,297
Other reimbursable expenses	84,227		—		84,227
Transaction and acquisition related costs	—		373		373
Depreciation and amortization	235		11		246
Total expenses	120,341		2,611		122,952
Operating income (loss)	19,608		(1,699)		17,909
Interest and other income	1,366		134		1,500


Equity in earnings of investees	—		324		324
Unrealized loss on equity method investment accounted for under the fair value option	(2,200)		—		(2,200)
Income (loss) before income tax expense	18,774		(1,241)		17,533
Income tax expense	—		(2,612)		(2,612)
Net income (loss)	$	18,774	$	(3,853)	$	14,921

Total assets	$	636,994	$	48,930	$	685,924

(1) Intersegment revenues of $1,090 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the condensed consolidated financial statements.


	Six Months Ended March 31, 2021
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	80,730	$	259	$	80,989
Incentive business management fees	—		620		620
Advisory services	—		1,715		1,715
Total management and advisory services revenues	80,730		2,594		83,324
Reimbursable compensation and benefits	25,457		927		26,384
Reimbursable equity based compensation	4,209		—		4,209
Other reimbursable expenses	174,593		—		174,593
Total reimbursable costs	204,259		927		205,186
Total revenues	284,989		3,521		288,510
Expenses:
Compensation and benefits	56,976		3,104		60,080
Equity based compensation	5,238		75		5,313
Separation costs	4,159		—		4,159
Total compensation and benefits expense	66,373		3,179		69,552
General and administrative	11,355		2,009		13,364
Other reimbursable expenses	174,593		—		174,593
Transaction and acquisition related costs	364		49		413
Depreciation and amortization	468		21		489
Total expenses	253,153		5,258		258,411
Operating income (loss)	31,836		(1,737)		30,099
Interest and other income	414		21		435


Equity in earnings of investees	—		727		727
Unrealized gain on equity method investment accounted for under the fair value option	4,720		—		4,720
Income (loss) before income tax expense	36,970		(989)		35,981
Income tax expense	—		(4,748)		(4,748)
Net income (loss)	$	36,970	$	(5,737)	$	31,233

Total assets	$	650,539	$	51,090	$	701,629

(1) Intersegment revenues of $2,202 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the condensed consolidated financial statements.


	Six Months Ended March 31, 2020
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	89,814	$	782	$	90,596

Advisory services	—		1,627		1,627
Total management and advisory services revenues	89,814		2,409		92,223
Reimbursable compensation and benefits	24,547		1,123		25,670
Reimbursable equity based compensation	658		—		658
Other reimbursable expenses	182,202		—		182,202
Total reimbursable costs	207,407		1,123		208,530
Total revenues	297,221		3,532		300,753
Expenses:
Compensation and benefits	56,198		4,121		60,319
Equity based compensation	1,824		60		1,884
Separation costs	645		—		645
Total compensation and benefits expense	58,667		4,181		62,848
General and administrative	12,439		1,904		14,343
Other reimbursable expenses	182,202		—		182,202
Transaction and acquisition related costs	49		1,120		1,169
Depreciation and amortization	479		23		502
Total expenses	253,836		7,228		261,064
Operating income (loss)	43,385		(3,696)		39,689
Interest and other income	3,086		289		3,375


Equity in earnings of investees	—		579		579
Unrealized loss on equity method investment accounted for under the fair value option	(762)		—		(762)
Income (loss) before income tax expense	45,709		(2,828)		42,881
Income tax expense	—		(6,336)		(6,336)
Net income (loss)	$	45,709	$	(9,164)	$	36,545

Total assets	$	636,994	$	48,930	$	685,924

(1) Intersegment revenues of $3,165 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the condensed consolidated financial statements.