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

6 Months Ended

Sep. 30, 2020

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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 six months ended September 30, 2020 and 2019:

	Three months ended September 30, 2020
(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, June 30, 2020	$	16,244		$	4,934		$	83		$	21,261
Less reductions in reserves		(2,054	)		(1,662	)		—			(3,716	)
Less liquidation costs incurred (net of reversals):
Trust professionals		68			(544	)		—			(476	)
Trust governance		(555	)		(450	)		(1	)		(1,006	)
Other administrative expenses		(9,391	)		(22	)		—			(9,413	)
Balance, September 30, 2020	$	4,312		$	2,256		$	82		$	6,650

	Six months ended September 30, 2020
(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, 2020	$	22,530		$	6,100		$	82	$	28,712
Less reductions in reserves		(4,666	)		(1,669	)		—		(6,335	)
Less liquidation costs incurred:
Trust professionals		(976	)		(1,189	)		—		(2,165	)
Trust governance		(1,158	)		(900	)		—		(2,058	)
Other administrative expenses		(11,418	)		(86	)		—		(11,504	)
Balance, September 30, 2020	$	4,312		$	2,256		$	82	$	6,650

	Three months ended September 30, 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, June 30, 2019	$	19,221		$	11,714		$	102		$	31,037
Plus additions to reserves		23,578			7,939			—			31,517
Less liquidation costs incurred:
Trust professionals		(1,092	)		(594	)		—			(1,686	)
Trust governance		(616	)		(450	)		(4	)		(1,070	)
Other administrative expenses		(26	)		(13	)		—			(39	)
Balance, September 30, 2019	$	41,065		$	18,596		$	98		$	59,759

	Six months ended September 30, 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		20,723			6,781			—			27,504
Less liquidation costs incurred:
Trust professionals		(1,742	)		(1,206	)		—			(2,948	)
Trust governance		(1,237	)		(900	)		(12	)		(2,149	)
Other administrative expenses		(58	)		(75	)		—			(133	)
Balance, September 30, 2019	$	41,065		$	18,596		$	98		$	59,759

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

The following is a summary of the activity in the reserve for Residual Wind-Down Claims and Costs for the three and six months ended September 30, 2020 and 2019.

	Three months ended September 30,				Six months ended September 30,
(in thousands)	2020		2019		2020		2019
Balance, beginning of period	$	178	$	169	$	177	$	169
Plus addition to reserve		—		—		1		—
Balance, end of period	$	178	$	169	$	178	$	169