Fair Value Measurement (Tables)
 6 Months Ended
Jan. 31, 2016
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 January 31, 2016 and July 31, 2015:
 
 
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
January 31, 2016:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
3,890

 
$
—

 
$
3,890

Commodity derivatives
 
$
—

 
$
6,957

 
$
—

 
$
6,957

Liabilities:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
(4,210
)
 
$
—

 
$
(4,210
)
Commodity derivatives
 
$
—

 
$
(42,745
)
 
$
—

 
$
(42,745
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
July 31, 2015:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
1,828

 
$
—

 
$
1,828

Commodity derivatives
 
$
—

 
$
4,655

 
$
—

 
$
4,655

Liabilities:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
(4,748
)
 
$
—

 
$
(4,748
)
Commodity derivatives
 
$
—

 
$
(42,375
)
 
$
—

 
$
(42,375
)
Contingent consideration

$
—


$
—

 
$
(100
)
 
$
(100
)
Level 3 fair value rollforward
The following is a reconciliation of the opening and closing balances for the liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the period ended January 31, 2016:

 
Contingent consideration liability
Balance at July 31, 2015
 
$
100

     Increase in fair value related to accretion
 
—

     Change in fair value included in earnings
 
(100
)
Balance at January 31, 2016
 
$
—
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 January 31, 2016 and July 31, 2015:
 
 
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
January 31, 2016:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
3,890

 
$
—

 
$
3,890

Commodity derivatives
 
$
—

 
$
6,957

 
$
—

 
$
6,957

Liabilities:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
(4,210
)
 
$
—

 
$
(4,210
)
Commodity derivatives
 
$
—

 
$
(42,745
)
 
$
—

 
$
(42,745
)
 
 
 
 
 
 
 
 
 
July 31, 2015:
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
1,828

 
$
—

 
$
1,828

Commodity derivatives
 
$
—

 
$
4,655

 
$
—

 
$
4,655

Liabilities:
 
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap agreements
 
$
—

 
$
(4,748
)
 
$
—

 
$
(4,748
)
Commodity derivatives
 
$
—

 
$
(42,375
)
 
$
—

 
$
(42,375
)
Contingent consideration

$
—


$
—


$
(100
)

$
(100
)
Level 3 fair value rollforward
The following is a reconciliation of the opening and closing balances for the liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the period ended January 31, 2016:

 
Contingent consideration liability
Balance at July 31, 2015
 
$
100

     Increase in fair value related to accretion
 
—

     Change in fair value included in earnings
 
(100
)
Balance at January 31, 2016
 
$
—