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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2021
Mar. 31, 2020
Revenues:            
Total revenues $ 131,564   $ 140,861   $ 288,510 $ 300,753
Expenses:            
Compensation and benefits 30,586   30,122   60,080 60,319
Equity based compensation 1,752   302   5,313 1,884
Separation costs 0   385   4,159 645
Total compensation and benefits expense 32,338   30,809   69,552 62,848
General and administrative 7,104   7,297   13,364 14,343
Other reimbursable expenses 75,208   84,227   174,593 182,202
Transaction and acquisition related costs 296   373   413 1,169
Depreciation and amortization 251   246   489 502
Total expenses 115,197   122,952   258,411 261,064
Operating income 16,367   17,909   30,099 39,689
Interest and other income 204   1,500   435 3,375
Equity in earnings of investees 303   324   727 579
Unrealized (loss) gain on equity method investment accounted for under the fair value option (3,402)   (2,200)   4,720 (762)
Income before income tax expense 13,472   17,533   35,981 42,881
Income tax expense (1,992)   (2,612)   (4,748) (6,336)
Net income 11,480 $ 19,753 14,921 $ 21,624 31,233 36,545
Net income attributable to noncontrolling interest (6,539)   (8,453)   (17,395) (20,628)
Net income attributable to The RMR Group Inc. $ 4,941   $ 6,468   $ 13,838 $ 15,917
Weighted average common shares outstanding - basic (in shares) 16,256   16,186   16,254 16,181
Weighted average common shares outstanding - diluted (in shares) 31,280   31,186   31,254 31,181
Net income attributable to The RMR Group Inc. per common share - basic (in dollars per share) $ 0.30   $ 0.40   $ 0.84 $ 0.98
Net income attributable to The RMR Group Inc. per common share - diluted (in dollars per share) $ 0.30   $ 0.39   $ 0.81 $ 0.96
Total management and advisory services revenues            
Revenues:            
Total revenues $ 41,991   $ 44,101   $ 83,324 $ 92,223
Management services            
Revenues:            
Total revenues 40,242   43,321   80,989 90,596
Incentive business management fees            
Revenues:            
Total revenues 620   0   620 0
Advisory services            
Revenues:            
Total revenues 1,129   780   1,715 1,627
Total reimbursable costs            
Revenues:            
Total revenues 89,573   96,760   205,186 208,530
Reimbursable compensation and benefits            
Revenues:            
Total revenues 13,159   12,823   26,384 25,670
Reimbursable equity based compensation            
Revenues:            
Total revenues 1,206   (290)   4,209 658
Other reimbursable expenses            
Revenues:            
Total revenues $ 75,208   $ 84,227   $ 174,593 $ 182,202