Fair Value Measurement (Tables)

9 Months Ended

Apr. 30, 2017

Schedule of fair value assets and liabilities

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 April 30, 2017 and July 31, 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
April 30, 2017:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	677		$	—	$	677
Commodity derivatives	$	—	$	10,879		$	—	$	10,879
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(1,279	)	$	—	$	(1,279	)
Commodity derivatives	$	—	$	(2,397	)	$	—	$	(2,397	)
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]

Schedule of fair value assets and liabilities

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 April 30, 2017 and July 31, 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
April 30, 2017:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	677		$	—	$	677
Commodity derivatives	$	—	$	10,879		$	—	$	10,879
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(1,279	)	$	—	$	(1,279	)
Commodity derivatives	$	—	$	(2,397	)	$	—	$	(2,397	)
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	)