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

9 Months Ended

Dec. 31, 2019

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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, 2019 and 2018:

	Three months ended December 31, 2019
(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, 2019	$	41,065		$	18,596		$	98		$	59,759
Plus additions to (reductions in) reserves		1,639			(5	)		—			1,634
Less liquidation costs incurred:
Trust professionals		(567	)		(553	)		—			(1,120	)
Trust governance		(615	)		(450	)		(15	)		(1,080	)
Other administrative expenses		(34	)		(94	)		—			(128	)
Balance, December 31, 2019	$	41,488		$	17,494		$	83		$	59,065

	Nine months ended December 31, 2019
(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, 2019	$	23,379		$	13,996		$	110		$	37,485
Plus net additions to reserves		22,362			6,776			—			29,138
Less liquidation costs incurred:
Trust professionals		(2,309	)		(1,759	)		—			(4,068	)
Trust governance		(1,852	)		(1,350	)		(27	)		(3,229	)
Other administrative expenses		(92	)		(169	)		—			(261	)
Balance, December 31, 2019	$	41,488		$	17,494		$	83		$	59,065

	Three months ended December 31, 2018
(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, 2018	$	26,927		$	14,847		$	123	$	41,897
Plus additions to (reductions in) reserves		(479	)		1,334			—		855
Less liquidation costs (incurred) reversed, net:
Trust professionals		(488	)		(528	)		—		(1,016	)
Trust governance		(616	)		(451	)		10		(1,057	)
Other administrative expenses		(39	)		(81	)		—		(120	)
Balance, December 31, 2018	$	25,305		$	15,121		$	133	$	40,559

	Nine months ended December 31, 2018
(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, 2018	$	25,204		$	12,739		$	144		$	38,087
Plus net additions to reserves		3,944			5,490			—			9,434
Less liquidation costs incurred:
Trust professionals		(1,655	)		(1,600	)		—			(3,255	)
Trust governance		(2,082	)		(1,352	)		(11	)		(3,445	)
Other administrative expenses		(106	)		(156	)		—			(262	)
Balance, December 31, 2018	$	25,305		$	15,121		$	133		$	40,559