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

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2020 and 2019:

	Three months ended December 31, 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, September 30, 2020	$	4,312		$	2,256		$	82		$	6,650
Less reductions in reserves		(1,501	)		(169	)		—			(1,670	)
Less liquidation costs incurred:
Trust professionals		(453	)		(523	)		—			(976	)
Trust governance		(551	)		(450	)		(9	)		(1,010	)
Other administrative expenses		(158	)		(85	)		—			(243	)
Balance, December 31, 2020	$	1,649		$	1,029		$	73		$	2,751

	Nine months ended December 31, 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		(6,167	)		(1,838	)		—			(8,005	)
Less liquidation costs incurred:
Trust professionals		(1,429	)		(1,712	)		—			(3,141	)
Trust governance		(1,709	)		(1,350	)		(9	)		(3,068	)
Other administrative expenses		(11,576	)		(171	)		—			(11,747	)
Balance, December 31, 2020	$	1,649		$	1,029		$	73		$	2,751

	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

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 nine months ended December 31, 2020 and 2019.​​​​​​​

	Three months ended December 31,				Nine months ended December 31,
(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