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Segment Reporting
 12 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
We have one reportable business segment, which is RMR LLC. In the table below, All Other Operations includes the operations of RMR Inc., RMR Advisors, Tremont Advisors and RMR Intl.
 
 
Fiscal Year Ended September 30, 2016
 
 
 
 
All Other
 
 
Revenues
 
RMR LLC(1)
 
Operations
 
Total
Management services
 
$
226,602

 
$
58

 
$
226,660

Reimbursable payroll and related costs
 
37,660

 
—

 
37,660

Advisory services
 
—

 
2,620

 
2,620

Total revenues
 
264,262

 
2,678

 
266,940

Expenses
 
 
 
 
 
 
Compensation and benefits
 
90,872

 
1,113

 
91,985

Separation costs
 
1,358

 
—

 
1,358

General and administrative
 
23,678

 
1,451

 
25,129

Depreciation and amortization
 
1,703

 
65

 
1,768

Total expenses
 
117,611

 
2,629

 
120,240

Operating income
 
146,651

 
49

 
146,700

Interest and other income
 
223

 
11

 
234

Income before income tax expense
 
146,874

 
60

 
146,934

Income tax expense
 
(1
)
 
(24,572
)
 
(24,573
)
Net income (loss)
 
$
146,873

 
$
(24,512
)
 
$
122,361

 
 
 
 
 
 
 
Total Assets:
 
$
277,802

 
$
59,729

 
$
337,531

_____________________________________________________________ _______________
(1) 
Intersegment revenues of $1,806 recognized by RMR LLC for services provided to the All Other Operations segment have been eliminated in the consolidated financial statements.
 
 
Fiscal Year Ended September 30, 2015
 
 
 
 
All Other
 
 
Revenues
 
RMR LLC(1)
 
Operations
 
Total
Management services
 
$
161,903

 
$
423

 
$
162,326

Reimbursable payroll and related costs
 
28,230

 
—

 
28,230

Advisory services
 
—

 
2,380

 
2,380

Total revenues
 
190,133

 
2,803

 
192,936

Expenses
 
 
 
 
 
 
Compensation and benefits
 
81,886

 
1,570

 
83,456

Separation costs
 
116

 
—

 
116

General and administrative
 
25,892

 
643

 
26,535

Depreciation expense
 
2,117

 
—

 
2,117

Total expenses
 
110,011

 
2,213

 
112,224

Operating income
 
80,122

 
590

 
80,712

Interest and other income
 
1,668

 
64

 
1,732

Unrealized gains (losses) attributable to changes in fair value of stock
 
 
 
 
 
 
accounted for under the fair value option
 
(317
)
 
27

 
(290
)
Income before income tax expense and equity in earnings of investee
 
81,473

 
681

 
82,154

Income tax expense
 
60

 
(4,908
)
 
(4,848
)
Equity in earnings of investee
 
115

 
—

 
115

Net income (loss)
 
$
81,648

 
$
(4,227
)
 
$
77,421

 
 
 
 
 
 
 
Total Assets:
 
$
255,531

 
$
48,361

 
$
303,892

_____________________________________________________________ _______________
(1) 
Intersegment revenues of $752 recognized by RMR LLC for services provided to the All Other Operations segment have been eliminated in the consolidated financial statements.
 
 
 
Fiscal Year Ended September 30, 2014
 
 
 
 
All Other
 
 
Revenues
 
RMR LLC(1)
 
Operations
 
Total
Management services
 
$
217,014

 
$
1,739

 
$
218,753

Reimbursable payroll and related costs
 
64,049

 
—

 
64,049

Advisory services
 
—

 
2,244

 
2,244

Total revenues
 
281,063

 
3,983

 
285,046

Expenses
 
 
 
 
 
 
Compensation and benefits
 
125,780

 
2,061

 
127,841

Members profit sharing
 
116,000

 
—

 
116,000

Separation costs
 
2,330

 
—

 
2,330

General and administrative
 
21,125

 
832

 
21,957

Depreciation expense
 
2,446

 
—

 
2,446

Total expenses
 
267,681

 
2,893

 
270,574

Operating income
 
13,382

 
1,090

 
14,472

Interest and other income
 
428

 
69

 
497

Unrealized gains (losses) attributable to changes in fair value of stock
 
 
 
 
 
 
accounted for under the fair value option
 
(4,603
)
 
47

 
(4,556
)
Income before income tax expense and equity in earnings of investee
 
9,207

 
1,206

 
10,413

Income tax expense
 
(1
)
 
(279
)
 
(280
)
Equity in earnings of investee
 
160

 
—

 
160

Net income
 
$
9,366

 
$
927

 
$
10,293

 
 
 
 
 
 
 
Total Assets:
 
$
281,533

 
$
5,690

 
$
287,223

_____________________________________________________________ _______________
(1) 
Intersegment revenues of $1,276 recognized by RMR LLC for services provided to the All Other Operations segment have been eliminated in the consolidated financial statements.