Net Assets in Liquidation (Tables)

12 Months Ended

Mar. 31, 2018

Text Block [Abstract]

Schedule of Cash and Cash Equivalent and Marketable Securities

As of March 31, 2018 and 2017, cash and cash equivalents and marketable securities aggregated $507.7 million and $526.8 million, respectively, and are comprised of the following:

(in thousands)
	2018		2017
Distributable Cash (including associated Dividend Cash)	$	484,510	$	498,549
Other Administrative Cash		21,200		14,541
Administrative Fund		1,717		1,743
Residual Wind-Down Assets		171		11,713
Funds for Indenture Trustee / Fiscal Paying Agent Costs		148		226
Total	$	507,746	$	526,772

Schedule of GUC Trust Units

The following table presents the changes during the years ended March 31, 2018, 2017 and 2016 in the numbers of GUC Trust Units outstanding or which the GUC Trust was obligated to issue:

	Year Ended March 31, 2018			Year Ended March 31, 2017		Year Ended March 31, 2016
Outstanding or issuable as of beginning of year		31,854,103			31,853,758		31,853,702
Issued during the year		1,448			298		56
Less: Issuable as of beginning of year		(47	)		—		—
Add: Issuable as of end of year (1)		—			47		—
Outstanding or issuable as of end of year (2) (3)		31,855,504			31,854,103		31,853,758

(1) The number of GUC Trust Units issuable at any time represents GUC Trust Units issuable in respect of Allowed General Unsecured Claims that were newly allowed during the fiscal year.

(2) The number of GUC Trust Units outstanding at any time represents GUC Trust Units issued in respect of Allowed General Unsecured Claims that were allowed in prior periods, including GUC Trust Units held by the GUC Trust for the benefit of (a) holders of Allowed General Unsecured Claims who had not yet supplied information required by the GUC Trust in order to effect the initial distribution to which they are entitled and (b) governmental entities that are precluded by applicable law from receiving distributions of GUC Trust Units.

(3) The number of GUC Trust Units outstanding or issuable as of end of year does not equal the amount of Allowed General Unsecured Claims on a 1 to 1,000 basis as of the corresponding date because of additional GUC Trust Units that were issued due to rounding.

Allowed and Disputed General Unsecured Claims and Potential Term Loan Avoidance Action Claims

The following table presents a summary of activity with respect to the Allowed and Disputed General Unsecured Claims and Term Loan Avoidance Action Claims for the years ended March 31, 2018 and 2017:

(in thousands)	Allowed General Unsecured Claims		Disputed General Unsecured Claims (1)			Term Loan Avoidance Action Claims			Maximum Amount of Unresolved Claims (2)			Total Claim Amount (3)
Total, March 31, 2016	$	31,853,685	$	70,000		$	1,499,945		$	1,569,945		$	33,423,630
New Allowed General Unsecured Claims		346		—			—			—			346
Disputed General Unsecured Claims resolved or disallowed		—		(20,000	)		—			(20,000	)		(20,000	)
Term Loan Avoidance Action Claims resolved or disallowed		—		—			(741	)		(741	)		(741	)
Total, March 31, 2017		31,854,031		50,000			1,499,204			1,549,204			33,403,235
New Allowed General Unsecured Claims		1,401		—			—			—			1,401
Disputed General Unsecured Claims resolved or disallowed		—		—			—			—			—
Term Loan Avoidance Action Claims resolved or disallowed		—		—			(4,218	)		(4,218	)		(4,218	)
Total, March 31, 2018	$	31,855,432	$	50,000		$	1,494,986		$	1,544,986		$	33,400,418

(1) Remaining Disputed General Unsecured Claims represent a general claim contingency for any future disputed claims or other obligations of the GUC Trust. The GUC Trust has set aside from distribution an aggregate of $14.8 million for this general claim contingency (i.e., $296 in Distributable Cash per $1,000 of Allowed General Unsecured Claims, as provided in the Plan).

(2) Maximum Amount of Unresolved Claims represents the sum of Disputed General Unsecured Claims and Term Loan Avoidance Action Claims.

(3) Total Claim Amount represents the sum of Allowed General Unsecured Claims and Maximum Amount of Unresolved Claims.