Goodwill and Other Intangible Assets

12 Months Ended

Sep. 24, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

6.	Goodwill and Other Intangible Assets

The Partnership’s fiscal 2016 and fiscal 2015 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		Total
Balance as of September 26, 2015
Goodwill	$	1,075,091		$	10,900		$	7,900	$	1,093,891
Accumulated adjustments		—			(6,462	)		—		(6,462	)
	$	1,075,091		$	4,438		$	7,900	$	1,087,429

Fiscal 2016 Activity
Goodwill acquired (1)	$	14,710		$	—		$	—	$	14,710
Goodwill disposed (2)		(7,504	)		—			—		(7,504	)

Balance as of September 24, 2016
Goodwill	$	1,082,297		$	10,900		$	7,900	$	1,101,097
Accumulated adjustments		—			(6,462	)		—		(6,462	)
	$	1,082,297		$	4,438		$	7,900	$	1,094,635

Other intangible assets consist of the following:

	As of
	September 24,			September 26,
	2016			2015
Customer relationships (1) (2)	$	492,656		$	471,829
Non-compete agreements (1)		31,040			27,815
Tradenames		3,482			3,482
Other		1,967			1,967
		529,145			505,093
Less: accumulated amortization
Customer relationships		(225,634	)		(173,823	)
Non-compete agreements		(22,533	)		(19,337	)
Tradenames		(3,482	)		(3,069	)
Other		(1,167	)		(1,075	)
		(252,816	)		(197,304	)
	$	276,329		$	307,789

(1)	Reflects the impact from the Propane USA acquisition (Note 3).

(2)	Reflects the impact from the disposition of certain assets and operations in a non-strategic market of the propane

segment (Note 3).

Aggregate amortization expense related to other intangible assets for fiscal 2016, 2015 and 2014 was $57,145, $57,374 and $57,478, respectively. Aggregate amortization expense for each of the five succeeding fiscal years related to other intangible assets held as of September 24, 2016 is estimated as follows: 2017 - $56,454; 2018 - $56,094; 2019 - $55,071; 2020 - $54,086; and 2021 - $44,577.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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