Segment Reporting (Tables)

12 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information

	Fiscal Year Ended September 30, 2020
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	167,949	$	817	$	168,766
Advisory services	—		2,911		2,911
Total management and advisory services revenues	167,949		3,728		171,677
Reimbursable compensation and benefits	55,648		1,608		57,256
Other client company reimbursable expenses	360,572		—		360,572
Total reimbursable costs	416,220		1,608		417,828
Total revenues	584,169		5,336		589,505
Expenses:
Compensation and benefits	113,758		7,628		121,386
Equity based compensation	7,680		148		7,828
Separation costs	1,881		—		1,881
Total compensation and benefits expense	123,319		7,776		131,095
General and administrative	22,843		3,671		26,514
Other client company reimbursable expenses	360,572		—		360,572
Transaction and acquisition related costs	485		1,133		1,618
Depreciation and amortization	921		47		968
Total expenses	508,140		12,627		520,767
Operating income (loss)	76,029		(7,291)		68,738
Interest and other income	4,079		372		4,451
Equity in earnings of investees	—		1,545		1,545
Unrealized gain on equity method investment accounted for under the fair value option	3,151		—		3,151
Income (loss) before income tax expense	83,259		(5,374)		77,885
Income tax expense	—		(11,552)		(11,552)
Net income (loss)	$	83,259	$	(16,926)	$	66,333
Total assets	$	643,318	$	46,935	$	690,253

(1)Intersegment revenues of $5,091 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the consolidated financial statements.

	Fiscal Year Ended September 30, 2019
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	177,881	$	194	$	178,075
Incentive business management fees	120,094		—		120,094
Advisory services	—		3,169		3,169
Total management and advisory services revenues	297,975		3,363		301,338
Reimbursable compensation and benefits	54,816		2,674		57,490
Other client company reimbursable expenses	354,540		—		354,540
Total reimbursable costs	409,356		2,674		412,030
Total revenues	707,331		6,037		713,368
Expenses:
Compensation and benefits	107,562		6,967		114,529
Equity based compensation	8,862		178		9,040
Separation costs	7,050		—		7,050
Total compensation and benefits expense	123,474		7,145		130,619
General and administrative	25,026		3,680		28,706
Other client company reimbursable expenses	354,540		—		354,540
Transaction and acquisition related costs	698		—		698
Depreciation and amortization	966		51		1,017
Total expenses	504,704		10,876		515,580
Operating income (loss)	202,627		(4,839)		197,788
Interest and other income	7,831		939		8,770
Impairment loss on Tremont Mortgage Trust investment	—		(6,213)		(6,213)
Equity in earnings of investees	—		719		719
Unrealized loss on equity method investment accounted for under the fair value option	(4,700)		—		(4,700)
Income (loss) before income tax expense	205,758		(9,394)		196,364
Income tax expense	—		(27,320)		(27,320)
Net income (loss)	$	205,758	$	(36,714)	$	169,044
Total assets	$	606,650	$	54,182	$	660,832

(1)Intersegment revenues of $3,975 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the consolidated financial statements.

	Fiscal Year Ended September 30, 2018
			All Other
	RMR LLC (1)		Operations		Total
Revenues:
Management services	$	190,539	$	1,055	$	191,594
Incentive business management fees	155,881		—		155,881
Advisory services	—		4,352		4,352
Total management and advisory services revenues	346,420		5,407		351,827
Reimbursable compensation and benefits	50,664		2,488		53,152
Total reimbursable costs	50,664		2,488		53,152
Total revenues	397,084		7,895		404,979
Expenses:
Compensation and benefits	102,736		6,027		108,763
Equity based compensation	10,310		113		10,423
Separation costs	2,946		784		3,730
Total compensation and benefits expense	115,992		6,924		122,916
General and administrative	23,397		3,752		27,149
Transaction and acquisition related costs	1,555		142		1,697
Depreciation and amortization	1,161		87		1,248
Total expenses	142,105		10,905		153,010
Operating income (loss)	254,979		(3,010)		251,969
Interest and other income	4,170		376		4,546
Tax receivable agreement remeasurement	—		24,710		24,710
Impairment loss on Tremont Mortgage Trust investment	—		(4,359)		(4,359)
Equity in earnings (losses) of investees	33		(611)		(578)
Income before income tax expense	259,182		17,106		276,288
Income tax expense	—		(58,862)		(58,862)
Net income (loss)	$	259,182	$	(41,756)	$	217,426
Total assets	$	442,156	$	56,883	$	499,039

(1)Intersegment revenues of $4,002 recognized by RMR LLC for services provided to our All Other Operations segment have been eliminated in the consolidated financial statements.