Goodwill and Other Intangible Assets

12 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

7. Goodwill and Other Intangible Assets

The Partnership’s fiscal 2023 and fiscal 2022 annual goodwill impairment review resulted in no adjustments to the carrying amount of goodwill.

The carrying values of goodwill assigned to the Partnership’s operating segments are as follows:

	Propane		Fuel oil and refined fuels			Natural gas and electricity		All other		Total
Balance as of September 24, 2022
Goodwill	$	1,101,085	$	10,900		$	7,900	$	—	$	1,119,885
Accumulated adjustments		—		(6,462	)		—		—		(6,462	)
	$	1,101,085	$	4,438		$	7,900	$	—	$	1,113,423
Fiscal 2023 Activity
Goodwill acquired (1)	$	4,094	$	—		$	—	$	31,259	$	35,353
Balance as of September 30, 2023
Goodwill	$	1,105,179	$	10,900		$	7,900	$	31,259	$	1,155,238
Accumulated adjustments		—		(6,462	)		—		—		(6,462	)
	$	1,105,179	$	4,438		$	7,900	$	31,259	$	1,148,776

Other intangible assets consist of the following:

	As of
	September 30,			September 24,
	2023			2022
Customer relationships (1)	$	572,347		$	526,665
Non-compete agreements (1)		40,840			40,190
Other		7,067			1,967
		620,254			568,822
Less: accumulated amortization
Customer relationships		(502,436	)		(492,968	)
Non-compete agreements		(35,011	)		(34,137	)
Other		(2,254	)		(1,715	)
		(539,701	)		(528,820	)
	$	80,553		$	40,002

(1)Reflects the impact from acquisitions (See Note 4).

Aggregate amortization expense related to other intangible assets for fiscal 2023, 2022 and 2021 was $10,906, $7,572 and $48,054, respectively. Aggregate amortization expense for each of the five succeeding fiscal years related to other intangible assets held as of September 30, 2023 is estimated as follows: 2024 - $11,084; 2025 - $8,999; 2026 - $8,243; 2027 - $8,243; and 2028 - $7,844.