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Segment Reporting

3 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

We have one separately reportable business segment, which is RMR LLC. In the tables below, our All Other Operations includes the operations of RMR Inc., RMR Advisors and Tremont Advisors.

		Three Months Ended December 31, 2017
						All Other
		RMR LLC(1)				Operations				Total
Revenues:
Management services		$	48,570			$	—			$	48,570
Incentive business management fees		155,881				—				155,881
Reimbursable payroll related and other costs		12,089				619				12,708
Advisory services		—				1,382				1,382
Total revenues		216,540				2,001				218,541
Expenses:
Compensation and benefits		27,455				1,463				28,918
General and administrative		5,656				1,050				6,706
Transaction and acquisition related costs		—				142				142
Depreciation and amortization		358				22				380
Total expenses		33,469				2,677				36,146
Operating income (loss)		183,071				(676		)		182,395
Interest and other income		726				58				784
Tax receivable agreement remeasurement		—				24,710				24,710
Income before income tax expense and equity in losses of investees		183,797				24,092				207,889
Income tax expense		—				(48,343		)		(48,343		)
Equity in losses of investees		—				(222		)		(222		)
Net income (loss)		$	183,797			$	(24,473	)		$	159,324
Total Assets:		$	460,121			$	69,666			$	529,787

(1) Intersegment revenues of $988 recognized by RMR LLC for services provided to the All Other Operations segment have been eliminated in the condensed consolidated financial statements.

		Three Months Ended December 31, 2016
						All Other
		RMR LLC(1)				Operations				Total
Revenues:
Management services		$	42,727			$	—			$	42,727
Incentive business management fees		52,407				—				52,407
Reimbursable payroll related and other costs		9,150				—				9,150
Advisory services		—				1,010				1,010
Total revenues		104,284				1,010				105,294
Expenses:
Compensation and benefits		22,688				544				23,232
General and administrative		5,690				151				5,841
Depreciation and amortization		369				186				555
Total expenses		28,747				881				29,628
Operating income		75,537				129				75,666
Interest and other income		99				108				207
Income before income tax expense		75,636				237				75,873
Income tax expense		—				(15,673		)		(15,673		)
Net income (loss)		$	75,636			$	(15,436	)		$	60,200
Total Assets:		$	335,383			$	57,284			$	392,667

(1) Intersegment revenues of $531 recognized by RMR LLC for services provided to the All Other Operations segment have been eliminated in the condensed consolidated financial statements.

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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