Fair Value Measurement (Tables)

3 Months Ended

Oct. 31, 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 October 31, 2017 and July 31, 2017:

	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
October 31, 2017:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	298		$	—	$	298
Commodity derivatives	$	—	$	35,000		$	—	$	35,000
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(984	)	$	—	$	(984	)
Commodity derivatives	$	—	$	(3,464	)	$	—	$	(3,464	)
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	)

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 October 31, 2017 and July 31, 2017:

	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
October 31, 2017:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	298		$	—	$	298
Commodity derivatives	$	—	$	35,000		$	—	$	35,000
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(984	)	$	—	$	(984	)
Commodity derivatives	$	—	$	(3,464	)	$	—	$	(3,464	)
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	)