Also you lost 10-15 pounds of muscle. sad but true.
Wikipedia's insulin page even explains how the body stores excess sugars as adipose tissue and later burns that fat for energy.
I guess it varies from person to person and sport to sport.
That's it exactly. As I posted separately, what works for you may not work for the next person. Just look at how you can see some skinny people who seem to constantly eat a lot of crap, never work out, and yet still stay skinny, while you're trying to eat healthy, work out regularly, and still manage to do little better than maintain your current weight.*
*That, of course, doesn't mean the skinny guy is healthier, or in better shape overall, just that he's skinnier.
edit: I too have skinny friends on the must-kill list.