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Reserves for Expected Costs of Liquidation and Residual Wind-Down Claims (Tables)
6 Months Ended
Sep. 30, 2016
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 three and six months ended September 30, 2016 and 2015:

 

     Three months ended September 30, 2016  

(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, 2016

   $ 15,027      $ 5,368      $ 276      $ 1,211      $ 21,882   

Plus additions to reserves

     1,666        3,649        —          —          5,315   

Less liquidation costs incurred:

          

Trust professionals

     (618     (717     —          (1     (1,336

Trust governance

     (763     (450     (20     —          (1,233

Other administrative expenses

     (14     (26     —          —          (40
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, September 30, 2016

   $ 15,298      $ 7,824      $ 256      $ 1,210      $ 24,588   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     Six months ended September 30, 2016  

(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, 2016

   $ 16,727      $ 6,379      $ 293      $ 1,212      $ 24,611   

Plus additions to reserves

     1,356        3,687        —          —          5,043   

Less liquidation costs incurred:

          

Trust professionals

     (1,234     (1,235     —          (2     (2,471

Trust governance

     (1,519     (900     (37     —          (2,456

Other administrative expenses

     (32     (107     —          —          (139
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, September 30, 2016

   $ 15,298      $ 7,824      $ 256      $ 1,210      $ 24,588   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     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   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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, 2016 and 2015:

 

(in thousands)    2016      2015  

Balance, beginning of period

   $ 16,308       $ 23,840   

Less claims allowed during the period

     (2,409      (2,349
  

 

 

    

 

 

 

Balance, end of period

   $ 13,899       $ 21,491   
  

 

 

    

 

 

 

 

The following is a summary of the activity in the reserves for Residual Wind-Down Claims for the six months ended September 30, 2016 and 2015:

 

(in thousands)    2016      2015  

Balance, beginning of period

   $ 18,745       $ 25,406   

Less claims allowed during the period

     (4,846      (3,915
  

 

 

    

 

 

 

Balance, end of period

   $ 13,899       $ 21,491