Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jan. 31, 2013

Fair Value of Financial Derivatives Balance Sheet Locations

	January 31, 2013
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	627	Other current liabilities	$	3,613
Commodity derivatives propane swaps	Other assets, net	1,506		Other liabilities	—
Interest rate swap agreements, current portion	Prepaid expenses and other current assets	3,324		Other current liabilities	—
Interest rate swap agreements, noncurrent portion	Other assets, net	4,684		Other liabilities	2,622
	Total	$	10,141	Total	$	6,235
	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets	3,346		Other current liabilities	—
Interest rate swap agreements, noncurrent portion	Other assets, net	4,438		Other liabilities	1,778
	Total	$	8,833	Total	$	13,847

Fair Value Derivatives Earnings Performance

		Amount of Gain Recognized on Derivative				Amount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)
Derivative Instrument	Location of Gain Recognized on Derivative	For the three months ended January 31,				For the three months ended January 31,
		2013		2012		2013			2012
Interest rate swap agreements	Interest expense	$	883	$	—	$	(5,469	)	$	(5,469	)
		Amount of Gain Recognized on Derivative				Amount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)
Derivative Instrument	Location of Gain Recognized on Derivative	For the six months ended January 31,				For the six months ended January 31,
		2013		2012		2013			2012
Interest rate swap agreements	Interest expense	$	1,607	$	—	$	(10,938	)	$	(10,938	)

Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings

	For the three months ended January 31, 2013
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(5,612	)	Cost of product sold- propane and other gas liquids sales	$	(4,434	)
Interest rate swap agreements	(593		)	Interest expense	—
	$	(6,205	)		$	(4,434	)
	For the three months ended January 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(1,347	)	Cost of product sold- propane and other gas liquids sales	$	834
	$	(1,347	)		$	834
	For the six months ended January 31, 2013
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	914		Cost of product sold- propane and other gas liquids sales	$	(8,625	)
Interest rate swap agreements	(843		)	Interest expense	—
	$	71			$	(8,625	)
	For the six months ended January 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(3,875	)	Cost of product sold- propane and other gas liquids sales	$	2,713
	$	(3,875	)		$	2,713

Changes in Derivative Value Effect on Other Comprehensive Income Loss

	For the six months ended January 31,
Derivative gains (losses) included in AOCL	2013			2012
Beginning balance	$	(12,799	)	$	5,161
Change in value on risk management commodity derivatives	914			(3,875		)
Reclassification of gains and losses of commodity hedges to cost of product sold - propane and other gas liquids sales	8,625			(2,713		)
Change in value on risk management interest rate derivatives	(843		)	—
Ending balance	$	(4,103	)	$	(1,427	)

Ferrellgas, L.P. [Member]

Fair Value of Financial Derivatives Balance Sheet Locations

	January 31, 2013
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	627	Other current liabilities	$	3,613
Commodity derivatives propane swaps	Other assets, net	1,506		Other liabilities	—
Interest rate swap agreements, current portion	Prepaid expenses and other current assets	3,324		Other current liabilities	—
Interest rate swap agreements, noncurrent portion	Other assets, net	4,684		Other liabilities	2,622
	Total	$	10,141	Total	$	6,235
	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets	3,346		Other current liabilities	—
Interest rate swap agreements, noncurrent portion	Other assets, net	4,438		Other liabilities	1,778
	Total	$	8,833	Total	$	13,847

Fair Value Derivatives Earnings Performance

		Amount of Gain Recognized on Derivative				Amount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)
Derivative Instrument	Location of Gain Recognized on Derivative	For the three months ended January 31,				For the three months ended January 31,
		2013		2012		2013			2012
Interest rate swap agreements	Interest expense	$	883	$	—	$	(5,469	)	$	(5,469	)
		Amount of Gain Recognized on Derivative				Amount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)
Derivative Instrument	Location of Gain Recognized on Derivative	For the six months ended January 31,				For the six months ended January 31,
		2013		2012		2013			2012
Interest rate swap agreements	Interest expense	$	1,607	$	—	$	(10,938	)	$	(10,938	)

Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings

	For the three months ended January 31, 2013
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(5,612	)	Cost of product sold- propane and other gas liquids sales	$	(4,434	)
Interest rate swap agreements	(593		)	Interest expense	—
	$	(6,205	)		$	(4,434	)
	For the three months ended January 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(1,347	)	Cost of product sold- propane and other gas liquids sales	$	834
	$	(1,347	)		$	834
	For the six months ended January 31, 2013
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	914		Cost of product sold- propane and other gas liquids sales	$	(8,625	)
Interest rate swap agreements	(843		)	Interest expense	—
	$	71			$	(8,625	)
	For the six months ended January 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative			Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(3,875	)	Cost of product sold- propane and other gas liquids sales	$	2,713
	$	(3,875	)		$	2,713

Changes in Derivative Value Effect on Other Comprehensive Income Loss

	For the six months ended January 31,
Derivative gains (losses) included in AOCL	2013			2012
Beginning balance	$	(12,799	)	$	5,161
Change in value on risk management commodity derivatives	914			(3,875		)
Reclassification of gains and losses of commodity hedges to cost of product sold - propane and other gas liquids sales	8,625			(2,713		)
Change in value on risk management interest rate derivatives	(843		)	—
Ending balance	$	(4,103	)	$	(1,427	)