Fair Value Measurement (Tables)

12 Months Ended

Jul. 31, 2017

Assets and Liabilities Fair Value Heirarchy

The following table presents Ferrellgas’ financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2017 and 2016:

	Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)		Total
July 31, 2017:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	583		$	—	$	583
Commodity derivatives	$	—	$	16,212		$	—	$	16,212
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(707	)	$	—	$	(707	)
Commodity derivatives	$	—	$	(1,258	)	$	—	$	(1,258	)
July 31, 2016:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	5,830		$	—	$	5,830
Commodity derivatives	$	—	$	8,241		$	—	$	8,241
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(3,553	)	$	—	$	(3,553	)
Commodity derivatives	$	—	$	(17,689	)	$	—	$	(17,689	)

Ferrellgas, L.P. [Member]

Assets and Liabilities Fair Value Heirarchy

The following table presents Ferrellgas, L.P.’s financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2017 and 2016:

	Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)		Total
July 31, 2017:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	583		$	—	$	583
Commodity derivatives	$	—	$	16,212		$	—	$	16,212
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(707	)	$	—	$	(707	)
Commodity derivatives	$	—	$	(1,258	)	$	—	$	(1,258	)
July 31, 2016:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	5,830		$	—	$	5,830
Commodity derivatives	$	—	$	8,241		$	—	$	8,241
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(3,553	)	$	—	$	(3,553	)
Commodity derivatives	$	—	$	(17,689	)	$	—	$	(17,689	)