Per Common Share Amounts (Tables)

6 Months Ended

Mar. 31, 2022

The calculation of basic and diluted earnings per share for the three and six months ended March 31, 2022 and 2021, is as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
Numerators:
Net income attributable to The RMR Group Inc.	$	6,392	$	4,941	$	14,434	$	13,838
Income attributable to unvested participating securities	(62)		(44)		(140)		(121)
Net income attributable to The RMR Group Inc. used in calculating basic EPS	6,330		4,897		14,294		13,717
Effect of dilutive securities:
Add back: income attributable to unvested participating securities	62		44		140		121
Add back: net income attributable to noncontrolling interest	8,197		6,539		18,447		17,395
Add back: income tax expense	2,451		1,992		5,505		4,748
Income tax expense assuming redemption of noncontrolling interest’s Class A Units for Class A Common Shares (1)	(4,894)		(4,113)		(10,909)		(10,547)
Net income used in calculating diluted EPS	$	12,146	$	9,359	$	27,477	$	25,434

Denominators:
Common shares outstanding	16,502		16,413		16,502		16,413
Unvested participating securities	(173)		(157)		(175)		(159)
Weighted average common shares outstanding - basic	16,329		16,256		16,327		16,254
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
Add: incremental unvested shares	2		24		1		—
Weighted average common shares outstanding - diluted	31,331		31,280		31,328		31,254

Net income attributable to The RMR Group Inc. per common share - basic	$	0.39	$	0.30	$	0.88	$	0.84
Net income attributable to The RMR Group Inc. per common share - diluted	$	0.39	$	0.30	$	0.88	$	0.81

(1)Income tax expense assumes the hypothetical conversion of the noncontrolling interest, which results in estimated tax rates of 28.7% and 30.5% for the three months ended March 31, 2022 and 2021, respectively, and 28.4% and 29.3% for the six months ended March 31, 2022 and 2021, respectively.