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Segment Reporting | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting We have one 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.
|  | 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.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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