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

6 Months Ended

Sep. 30, 2015

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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 three and six months ended September 30, 2015 and 2014:

	Three months ended September 30, 2015
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, June 30, 2015	$	20,344		$	8,206		$	347		$	1,221		$	30,118
Plus additions to reserves		5,748			2,219			—			—			7,967
Less liquidation costs incurred:
Trust Professionals		(2,017	)		(740	)		—			(2	)		(2,759	)
Trust Governance		(1,041	)		(450	)		(18	)		—			(1,509	)
Other Administrative Expenses		(858	)		(57	)		—			—			(915	)
Balance, September 30, 2015	$	22,176		$	9,178		$	329		$	1,219		$	32,902

	Six months ended September 30, 2015
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2015	$	21,089		$	8,602		$	364		$	1,223		$	31,278
Plus additions to reserves		7,195			3,103			—			—			10,298
Less liquidation costs incurred:
Trust Professionals		(3,381	)		(1,494	)		—			(4	)		(4,879	)
Trust Governance		(1,859	)		(900	)		(35	)		—			(2,794	)
Other Administrative Expenses		(868	)		(133	)		—			—			(1,001	)
Balance, September 30, 2015	$	22,176		$	9,178		$	329		$	1,219		$	32,902

	Three months ended September 30, 2014
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, June 30, 2014	$	22,513		$	10,483		$	446		$	1,238		$	34,680
Plus additions to reserves		2,240			51			—			—			2,291
Less liquidation costs incurred (net of reversals):
Trust Professionals		(1,801	)		(390	)		—			(4	)		(2,195	)
Trust Governance		(912	)		(450	)		(38	)		—			(1,400	)
Other Administrative Expenses		2			(31	)		—			—			(29	)
Balance, September 30, 2014	$	22,042		$	9,663		$	408		$	1,234		$	33,347

	Six months ended September 30, 2014
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Reserve for Residual Wind-Down Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2014	$	22,529		$	12,235		$	464		$	1,258		$	36,486
Plus additions to (reductions in) reserves		4,677			(542	)		—			—			4,135
Less liquidation costs incurred:
Trust Professionals		(3,327	)		(975	)		—			(24	)		(4,326	)
Trust Governance		(1,829	)		(903	)		(56	)		—			(2,788	)
Other Administrative Expenses		(8	)		(152	)		—			—			(160	)
Balance, September 30, 2014	$	22,042		$	9,663		$	408		$	1,234		$	33,347

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, 2015 and 2014:

(in thousands)	2015			2014
Balance, beginning of period	$	23,840		$	28,335
Less claims allowed during the period		(2,349	)		(916	)
Balance, end of period	$	21,491		$	27,419

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the six months ended September 30, 2015 and 2014:

(in thousands)	2015			2014
Balance, beginning of period	$	25,406		$	28,698
Less claims allowed during the period		(3,915	)		(1,279	)
Balance, end of period	$	21,491		$	27,419