Reserves for Expected Costs of Liquidation and Residual Wind-Down Claims (Tables)

6 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Summary of Activity in Reserves for Expected Costs of Liquidation

The following is a summary of the activity in the reserves for expected costs of liquidation for the respective three and six month periods ended September 30, 2013 and 2012:

	Three months ended September 30, 2013
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs		Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, June 30, 2013	$	33,594		$	17,362		$	491	$	760		$	1,394		$	53,601
Less reductions in reserves		(4,204	)		(2,327	)		—		—			—			(6,531	)
Less liquidation costs incurred (net of reversals):
Trust Professionals		(1,878	)		(268	)		—		(172	)		(109	)		(2,427	)
Trust Governance		(1,031	)		(452	)		3		—			—			(1,480	)
Other Administrative Expenses		(13	)		(43	)		—		—			—			(56	)
Balance, September 30, 2013	$	26,468		$	14,272		$	494	$	588		$	1,285		$	43,107

	Six months ended September 30, 2013
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2013	$	38,043		$	20,442		$	499		$	898		$	1,631		$	61,513
Less reductions in reserves		(4,063	)		(4,146	)		—			—			—			(8,209	)
Less liquidation costs incurred:
Trust Professionals		(5,482	)		(953	)		—			(310	)		(346	)		(7,091	)
Trust Governance		(2,004	)		(901	)		(5	)		—			—			(2,910	)
Other Administrative Expenses		(26	)		(170	)		—			—			—			(196	)
Balance, September 30, 2013	$	26,468		$	14,272		$	494		$	588		$	1,285		$	43,107

	Three months ended September 30, 2012
(in thousands)	Reserve for Expected Wind Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, June 30, 2012	$	45,934		$	15,239		$	651		$	1,240		$	3,240		$	66,304
Plus additions to reserves		4,265			413			—			—			—			4,678
Less liquidation costs incurred:
Trust Professionals		(5,848	)		(517	)		—			(145	)		(1,102	)		(7,612	)
Trust Governance		(1,077	)		(465	)		(79	)		—			—			(1,621	)
Other Administrative Expenses		(13	)		(73	)		—			—			—			(86	)
Balance, September 30, 2012	$	43,261		$	14,597		$	572		$	1,095		$	2,138		$	61,663

	Six months ended September 30, 2012
(in thousands)	Reserve for Expected Wind Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Avoidance Action Defense Costs			Reserve for Residual Wind Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2012	$	56,815		$	13,320		$	647		$	1,280		$	4,049		$	76,111
Plus additions to reserves		1,024			4,374			—			—			—			5,398
Less liquidation costs incurred:
Trust Professionals		(12,339	)		(2,056	)		—			(185	)		(1,901	)		(16,481	)
Trust Governance		(2,206	)		(932	)		(75	)		—			—			(3,213	)
Other Administrative Expenses		(33	)		(109	)		—			—			(10	)		(152	)
Balance, September 30, 2012	$	43,261		$	14,597		$	572		$	1,095		$	2,138		$	61,663

Summary of Activity in Reserves for Residual Wind-Down Claims

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the three months ended September 30, 2013 and 2012:

(in thousands)	2013			2012
Balance, beginning of period	$	29,692		$	31,115
Less claims allowed during the period		(255	)		(142	)
Balance, end of period	$	29,437		$	30,973

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the six months ended September 30, 2013 and 2012:

(in thousands)	2013			2012
Balance, beginning of period	$	30,855		$	32,247
Less claims allowed during the period		(1,418	)		(1,274	)
Balance, end of period	$	29,437		$	30,973