XML 27 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Adjustment in Fair Value and Reorganization (Detail) (USD $)
Mar. 19, 2012
Adjustment in fair value and reorganization  
Predecessor retained earnings $ 101,677,000
Adjustment for carve-out allocations 23,109,000 [1],[2]
Predecessor adjusted retained earnings (124,786) [3],[4]
Predecessor additional paid-in capital 69,879,000
Predecessor common stock eliminated in consolidation (1) [3],[5]
Predecessor [Member]
  
Adjustment in fair value and reorganization  
Predecessor retained earnings 101,677,000
Adjustment for carve-out allocations 23,109,000
Predecessor adjusted retained earnings 124,786,000
Predecessor additional paid-in capital 69,879,000
Predecessor common stock eliminated in consolidation (1,000)
Predecessor equity value 194,664,000
Fair Value Adjustments [Member]
  
Adjustment in fair value and reorganization  
Fair market value of WMMRC 131,600,000
Loss contract fair market reserve allowance $ 63,064,000
[1] These adjustments are necessary to give effect to the Plan, including the receipt of cash proceeds associated with the contribution of cash from certain creditors, issuance of debt securities, issuance of 200 million shares of common stock and other transactions as contemplated under the Plan.
[2] This adjustment increases the retained earnings of the Predecessor due to the elimination of the carve-out costs which decreased historic earnings of the Predecessor. The resulting intercompany payable is described in (f) above. These costs and the related retained earnings are eliminated as the costs were allocated in accordance with SAB Topics 1B and 1B1 and would have eliminated in consolidation.
[3] These adjustments are necessary to reflect assets and liabilities at fair value and elimination of Predecessor equity. The primary operating business of the Successor is the WMMRC subsidiary which has a net asset value higher than its Fair Market Value ("FMV").
[4] This adjustment reflects the elimination of adjusted retained earnings of the Predecessor.
[5] This adjustment reflects the elimination of common stock of the Predecessor.