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Goodwill and Other Intangible Assets
12 Months Ended
Sep. 28, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

7.

Goodwill and Other Intangible Assets

The Partnership’s fiscal 2019 and fiscal 2018 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 29, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,081,132

 

 

$

10,900

 

 

$

7,900

 

 

$

1,099,932

 

Accumulated adjustments

 

 

 

 

 

(6,462

)

 

 

 

 

 

(6,462

)

 

 

$

1,081,132

 

 

$

4,438

 

 

$

7,900

 

 

$

1,093,470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2019 Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill acquired (1)

 

$

4,615

 

 

$

 

 

$

 

 

$

4,615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 28, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,085,747

 

 

$

10,900

 

 

$

7,900

 

 

$

1,104,547

 

Accumulated adjustments

 

 

 

 

 

(6,462

)

 

 

 

 

 

(6,462

)

 

 

$

1,085,747

 

 

$

4,438

 

 

$

7,900

 

 

$

1,098,085

 

 

Other intangible assets consist of the following:

 

 

 

As of

 

 

 

September 28,

 

 

September 29,

 

 

 

2019

 

 

2018

 

Customer relationships (1)

 

$

507,159

 

 

$

499,432

 

Non-compete agreements (1)

 

 

35,440

 

 

 

33,540

 

Other

 

 

1,967

 

 

 

1,967

 

 

 

 

544,566

 

 

 

534,939

 

Less: accumulated amortization

 

 

 

 

 

 

 

 

Customer relationships

 

 

(384,507

)

 

 

(330,571

)

Non-compete agreements

 

 

(30,181

)

 

 

(27,836

)

Other

 

 

(1,441

)

 

 

(1,349

)

 

 

 

(416,129

)

 

 

(359,756

)

 

 

$

128,437

 

 

$

175,183

 

 

(1)

Reflects the impact from acquisitions (See Note 4).

 

Aggregate amortization expense related to other intangible assets for fiscal 2019, 2018 and 2017 was $56,372, $56,580 and $56,454, respectively.  Aggregate amortization expense for each of the five succeeding fiscal years related to other intangible assets held as of September 28, 2019 is estimated as follows: 2020 - $55,926; 2021 - $46,503; 2022 - $5,814; 2023 - $5,213; and 2024 - $5,048.