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

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2015 and 2014:

	Three months ended December 31, 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, September 30, 2015	$	22,176		$	9,178		$	329		$	1,219		$	32,902
Less reductions in reserves		(1,555	)		(919	)		—			—			(2,474	)
Less liquidation costs incurred:
Trust Professionals		(1,093	)		(358	)		—			(1	)		(1,452	)
Trust Governance		(816	)		(450	)		(21	)		—			(1,287	)
Other Administrative Expenses		(13	)		(83	)		—			—			(96	)
Balance, December 31, 2015	$	18,699		$	7,368		$	308		$	1,218		$	27,593

	Nine months ended December 31, 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		5,640			2,184			—			—			7,824
Less liquidation costs incurred:
Trust Professionals		(4,474	)		(1,852	)		—			(5	)		(6,331	)
Trust Governance		(2,675	)		(1,350	)		(56	)		—			(4,081	)
Other Administrative Expenses		(881	)		(216	)		—			—			(1,097	)
Balance, December 31, 2015	$	18,699		$	7,368		$	308		$	1,218		$	27,593

	Three months ended December 31, 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, September 30, 2014	$	22,042		$	9,663		$	408		$	1,234		$	33,347
Plus additions to reserves		2,952			248			—			—			3,200
Less liquidation costs incurred:
Trust Professionals		(1,997	)		(431	)		—			(4	)		(2,432	)
Trust Governance		(899	)		(451	)		(18	)		—			(1,368	)
Other Administrative Expenses		(12	)		(103	)		—			—			(115	)
Balance, December 31, 2014	$	22,086		$	8,926		$	390		$	1,230		$	32,632

	Nine months ended December 31, 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		7,629			(294	)		—			—			7,335
Less liquidation costs incurred:
Trust Professionals		(5,324	)		(1,406	)		—			(28	)		(6,758	)
Trust Governance		(2,728	)		(1,354	)		(74	)		—			(4,156	)
Other Administrative Expenses		(20	)		(255	)		—			—			(275	)
Balance, December 31, 2014	$	22,086		$	8,926		$	390		$	1,230		$	32,632

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 December 31, 2015 and 2014:

(in thousands)	2015			2014
Balance, beginning of period	$	21,491		$	27,419
Less claims allowed during the period		(1,582	)		(988	)
Balance, end of period	$	19,909		$	26,431

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the nine months ended December 31, 2015 and 2014:

(in thousands)	2015			2014
Balance, beginning of period	$	25,406		$	28,698
Less claims allowed during the period		(5,497	)		(2,267	)
Balance, end of period	$	19,909		$	26,431