Per Common Share Amounts (Tables)

3 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of earnings per share

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

	Three Months Ended December 31,
	2022		2021
Numerators:
Net income attributable to The RMR Group Inc.	$	6,337	$	8,042
Less: income attributable to unvested participating securities	(81)		(78)
Net income attributable to The RMR Group Inc. used in calculating basic EPS	6,256		7,964
Effect of dilutive securities:
Add back: income attributable to unvested participating securities	81		78
Add back: net income attributable to noncontrolling interest	7,903		10,250
Add back: income tax expense	2,484		3,054
Less: income tax expense assuming redemption of noncontrolling interest’s Class A Units for Class A Common Shares (1)	(4,983)		(6,064)
Net income used in calculating diluted EPS	$	11,741	$	15,282
Denominators:
Common shares outstanding	16,605		16,485
Less: unvested participating securities	(201)		(160)
Weighted average common shares outstanding - basic	16,404		16,325
Effect of dilutive securities:
Add: assumed redemption of noncontrolling interest’s Class A Units for Class A Common Shares	15,000		15,000
Add: incremental unvested shares	9		—
Weighted average common shares outstanding - diluted	31,413		31,325
Net income attributable to The RMR Group Inc. per common share - basic	$	0.38	$	0.49
Net income attributable to The RMR Group Inc. per common share - diluted	$	0.37	$	0.49

(1)Income tax expense assumes the hypothetical conversion of the noncontrolling interest, which results in estimated tax rates of 29.8% and 28.4% for the three months ended December 31, 2022 and 2021, respectively.