XML 28 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
BASIS OF PRESENTATION (Tables)
 9 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Reconciliation of long-term receivables and the related reserves for doubtful collection
The following table presents a reconciliation of long-term receivables, including current portions, and the related reserves for doubtful collection of these long-term receivables (in thousands):
 
Long-Term Receivables
 
Affiliates
 
Others
 
Total
Balance, March 31, 2016 (1)
$
81,582

 
$
2,527

 
$
84,109

Additions:
 
 
 
 
 
   Advances and other loans, including interest receivable
2,839

 
496

 
3,335

   Development fees
1,446

 
—

 
1,446

Deductions:
 
 
 
 
 
   Payments
(2,818
)
 
(42
)
 
(2,860
)
Balance, June 30, 2016 (1)
$
83,049

 
$
2,981

 
$
86,030

 
 
 
 
 
 
Balance, September 30, 2015 (1)
$
100,527

 
$
1,811

 
$
102,338

Additions:
 
 
 
 
 
   Advances and other loans, including interest receivable
7,273

 
1,294

 
8,567

   Development fees
7,260

 
—

 
7,260

Deductions:
 
 
 
 
 
   Payments (2)
(22,218
)
 
(124
)
 
(22,342
)
   Adjustments (3)
(9,793
)
 
—

 
(9,793
)
Balance, June 30, 2016 (1)
$
83,049

 
$
2,981

 
$
86,030

__________
(1)
Includes interest receivable of $47.9 million, $45.7 million and $43.4 million as of June 30, 2016, March 31, 2016 and September 30, 2015, respectively.
(2)
Payments of receivables from affiliates primarily represent a partial repayment of the Salishan-Mohegan receivables.
(3)
Adjustments represent the write-off of the WTG receivables.
 
Reserves for Doubtful Collection of Long-Term Receivables
 
Affiliates        
 
Others        
 
Total             
Balance, March 31, 2016
$
15,153

 
$
37

 
$
15,190

Additions:
 
 
 
 
 
   Charges to bad debt expense
568

 
—

 
568

Deductions:
 
 
 
 
 
   Adjustments
—

 
(37
)
 
(37
)
Balance, June 30, 2016
$
15,721

 
$
—

 
$
15,721

 
 
 
 
 
 
Balance, September 30, 2015
$
31,028

 
$
42

 
$
31,070

Additions:
 
 
 
 
 
   Charges to bad debt expense
1,801

 
—

 
1,801

Deductions:
 
 
 
 
 
   Adjustments (1)
(17,108
)
 
(42
)
 
(17,150
)
Balance, June 30, 2016
$
15,721

 
$
—

 
$
15,721


__________.
(1)
Adjustments to reserves for doubtful collection of receivables from affiliates include $7.3 million related to the Salishan-Mohegan receivables and $9.8 million related to the WTG receivables.
Estimated fair value of financing facilities and notes
The estimated fair value of the Authority's financing facilities and notes were as follows (in thousands):
 
June 30, 2016
 
Carrying Value         
 
Fair Value         
Senior Secured Credit Facility - Revolving
$
19,000

 
$
18,355

Senior Secured Credit Facility - Term Loan A
$
98,288

 
$
97,938

Senior Secured Credit Facility - Term Loan B
$
765,495

 
$
771,754

2013 9 3/4% Senior Unsecured Notes
$
578,273

 
$
623,025

2015 Senior Unsecured Notes
$
97,986

 
$
97,625

2012 11% Senior Subordinated Notes
$
99,217

 
$
100,190