XML 45 R29.htm IDEA: XBRL DOCUMENT
v3.20.2

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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration