Goodwill And Intangible Assets, Net

12 Months Ended

Jul. 31, 2020

Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]

Goodwill And Intangible Assets, Net

H.        Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:

	July 31, 2020						July 31, 2019
	Gross Carrying		Accumulated				Gross Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	247,195	$	—	$	247,195	$	247,195	$	—	$	247,195
Intangible assets, net
Amortized intangible assets
Customer related	$	446,486	$	(397,843)	$	48,643	$	442,652	$	(390,052)	$	52,600
Non-compete agreements		26,319		(21,934)		4,385		25,582		(20,645)		4,937
Other		3,513		(3,513)		—		3,513		(3,513)		—
		476,318		(423,290)		53,028		471,747		(414,210)		57,537
Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,020		—		51,020
Total intangible assets, net	$	527,339	$	(423,290)	$	104,049	$	522,767	$	(414,210)	$	108,557

Changes in the carrying amount of goodwill are as follows:

	Propane operations and
	related equipment sales
Balance July 31, 2018	$	246,098
Acquisitions		1,410
Other		(313)
Balance July 31, 2019		247,195
Acquisitions		—
Other		—
Balance July 31, 2020	$	247,195

Customer related intangible assets have estimated lives of 15 years and non-compete agreements and other intangible assets have estimated lives ranging from five to 10 years. Ferrellgas intends to utilize all acquired trademarks and trade names and does not believe there are any legal, regulatory, contractual, competitive, economical or other factors that would limit their useful lives. Therefore, trademarks and trade names have indefinite useful lives. Customer related intangibles carry a weighted average life of 15 years, and non-compete agreements and other intangibles carry a weighted average life of ten years.

Aggregate amortization expense related to intangible assets, net:

For the year ended July 31,
2020	$	9,079
2019		14,581
2018		31,345

Estimated amortization expense:

For the year ended July 31,
2021	$	8,711
2022		7,322
2023		6,995
2024		6,720
2025		4,719

Ferrellgas, L.P. [Member]

Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]

Goodwill And Intangible Assets, Net

H.      Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:

	July 31, 2020						July 31, 2019
	Gross						Gross
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	247,195	$	—	$	247,195	$	247,195	$	—	$	247,195
Intangible assets, net
Amortized intangible assets
Customer related	$	446,486	$	(397,843)	$	48,643	$	442,652	$	(390,052)	$	52,600
Non-compete agreements		26,319		(21,934)		4,385		25,582		(20,645)		4,937
Other		3,513		(3,513)		—		3,513		(3,513)		—
		476,318		(423,290)		53,028		471,747		(414,210)		57,537
Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,020		—		51,020
Total intangible assets, net	$	527,339	$	(423,290)	$	104,049	$	522,767	$	(414,210)	$	108,557

Changes in the carrying amount of goodwill are as follows:

	Propane operations and
	related equipment sales
Balance July 31, 2018	$	246,098
Acquisitions		1,410
Other		(313)
Balance July 31, 2019		247,195
Acquisitions		—
Other		—
Balance July 31, 2020	$	247,195

Customer related intangible assets have estimated lives of 15 years and non-compete agreements and other intangible assets have estimated lives ranging from five to 10 years. Ferrellgas, L.P. intends to utilize all acquired trademarks and trade names and does not believe there are any legal, regulatory, contractual, competitive, economical or other factors that would limit their useful lives. Therefore, trademarks and trade names have indefinite useful lives. Customer related intangibles carry a weighted average life of 15 years and non-compete agreements and other intangibles carry a weighted average life of ten years.

Aggregate amortization expense related to intangible assets, net:

For the year ended July 31,
2020	$	9,079
2019		14,581
2018		31,345

Estimated amortization expense:

For the year ended July 31,
2021	$	8,711
2022		7,322
2023		6,995
2024		6,720
2025		4,719