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

9 Months Ended

Dec. 31, 2016

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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, 2016 and 2015:

	Three months ended December 31, 2016
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Total Reserves for Expected Costs of Liquidation
Balance, September 30, 2016	$	15,298		$	7,824		$	256		$	23,378
Plus additions to reserves		3,666			3,244			—			6,910
Less funds returned to DIP Lenders		(6,000	)		—			—			(6,000	)
Less liquidation costs incurred:
Trust professionals		(962	)		(535	)		—			(1,497	)
Trust governance		(747	)		(450	)		(12	)		(1,209	)
Other administrative expenses		(14	)		(67	)		—			(81	)
Balance, December 31, 2016	$	11,241		$	10,016		$	244		$	21,501

	Nine months ended December 31, 2016
(in thousands)	Reserve for Expected Wind-Down Costs			Reserve for Expected Reporting Costs			Reserve for Indenture Trustee/Fiscal and Paying Agent Costs			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2016	$	16,727		$	6,379		$	293		$	23,399
Plus additions to reserves		5,022			6,931			—			11,953
Less funds returned to the DIP Lenders		(6,000	)		—			—			(6,000	)
Less liquidation costs incurred:
Trust professionals		(2,196	)		(1,770	)		—			(3,966	)
Trust governance		(2,266	)		(1,350	)		(49	)		(3,665	)
Other administrative expenses		(46	)		(174	)		—			(220	)
Balance, December 31, 2016	$	11,241		$	10,016		$	244		$	21,501
	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			Total Reserves for Expected Costs of Liquidation
Balance, September 30, 2015	$	22,176		$	9,178		$	329		$	31,683
Less reductions in reserves		(1,555	)		(919	)		—			(2,474	)
Less liquidation costs incurred:
Trust Professionals		(1,093	)		(358	)		—			(1,451	)
Trust Governance		(816	)		(450	)		(21	)		(1,287	)
Other Administrative Expenses		(13	)		(83	)		—			(96	)
Balance, December 31, 2015	$	18,699		$	7,368		$	308		$	26,375
	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			Total Reserves for Expected Costs of Liquidation
Balance, March 31, 2015	$	21,089		$	8,602		$	364		$	30,055
Plus additions to reserves		5,640			2,184			—			7,824
Less liquidation costs incurred:
Trust Professionals		(4,474	)		(1,852	)		—			(6,326	)
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		$	26,375

Summary of Activity in Reserves for Residual Wind-Down Claims and Costs

The following is a summary of the activity in the reserves for Residual Wind-Down Claims and Costs for the three months ended December 31, 2016 and 2015:

(in thousands)	2016			2015
Balance, beginning of period	$	15,109		$	22,710
Plus addition to reserves		6,484			—
Plus reclassification of accrued liability		417			—
Less claims allowed during the period		(5,256	)		(1,582	)
Less costs incurred by trust professionals		(1	)		(1	)
Balance, end of period	$	16,753		$	21,127

The following is a summary of the activity in the reserves for Residual Wind-Down Claims and Costs for the nine months ended December 31, 2016 and 2015:

(in thousands)	2016			2015
Balance, beginning of period	$	19,957		$	26,629
Plus addition to reserves		6,484			—
Plus reclassification of accrued liability		417			—
Less claims allowed during the period		(10,102	)		(5,497	)
Less costs incurred by trust professionals		(3	)		(5	)
Balance, end of period	$	16,753		$	21,127