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

12 Months Ended

Mar. 31, 2018

The following is a summary of the activity in the reserves for expected costs of liquidation for the years ended March 31, 2018, 2017 and 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, 2015	$	21,089		$	8,602		$	364		$	30,055
Plus additions to reserves		5,592			2,119			—			7,711
Less liquidation costs incurred:
Trust Professionals		(5,625	)		(2,291	)		—			(7,916	)
Trust Governance		(3,438	)		(1,800	)		(71	)		(5,309	)
Other Administrative Expenses		(891	)		(251	)		—			(1,142	)

Balance, March 31, 2016		16,727			6,379			293			23,399
Plus additions to reserves		5,325			6,798			—			12,123
Less liquidation costs incurred:
Trust Professionals		(3,295	)		(2,294	)		—			(5,589	)
Trust Governance		(2,848	)		(1,800	)		(68	)		(4,716	)
Other Administrative Expenses		(58	)		(256	)		—			(314	)
Less funds returned to DIP Lenders		(6,000	)		—			—			(6,000	)

Balance, March 31, 2017		9,851			8,827			225			18,903
Plus additions to reserves		25,351			8,597			—			33,948
Less liquidation costs incurred:
Trust Professionals		(7,424	)		(2,669	)		—			(10,093	)
Trust Governance		(2,523	)		(1,800	)		(81	)		(4,404	)
Other Administrative Expenses		(51	)		(216	)		—			(267	)

Balance, March 31, 2018	$	25,204		$	12,739		$	144		$	38,087

The following is a summary of the activity in the reserves for Residual Wind-Down Claims and Costs for the years ended March 31, 2018, 2017 and 2016:


(in thousands)	2018			2017			2016
Balance, beginning of year	$	966		$	19,957		$	26,629
Plus net addition to reserves		9			237			—
Plus reclassification of accrued liability		9			417			—
Less claims allowed during the period		(815	)		(19,641	)		(6,661	)
Less costs incurred by trust professionals		—			(4	)		(11	)

Balance, end of year	$	169		$	966		$	19,957