Income Tax Provision (Tables)

9 Months Ended

Dec. 31, 2012

Income Tax Provision [Abstract]

Components of income tax expense

	Three Months Ended December 31,				Nine Months Ended December 31,
(in thousands)	2012		2011		2012		2011
Current	$	—	$	—	$	—	$	—
Deferred		172,039		—		83,774		—
Total	$	172,039	$	—	$	83,774	$	—

Summary of deferred taxes

(in thousands)
Deferred tax assets:
Reserves for expected costs of liquidation	$	25,004
Net operating losses		19,263
Gross deferred tax assets		44,267
Deferred tax liabilities:
Fair value in excess of tax basis of holdings of New GM Securities		(236,624	)
Gross deferred tax liabilities		(236,624	)
Net deferred tax liability	$	(192,357	)