Goodwill and Other Intangible Assets

12 Months Ended

Sep. 24, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

7. Goodwill and Other Intangible Assets

The Partnership’s fiscal 2022 and fiscal 2021 annual goodwill impairment review resulted in no adjustments to the carrying amount of goodwill.

The carrying values of goodwill assigned to the Partnership’s operating segments are as follows:


	Propane			Fuel oil and refined fuels			Natural gas and electricity		Total
Balance as of September 25, 2021
Goodwill	$	1,094,688		$	10,900		$	7,900	$	1,113,488
Accumulated adjustments		—			(6,462	)		—		(6,462	)
	$	1,094,688		$	4,438		$	7,900	$	1,107,026

Fiscal 2022 Activity
Goodwill disposed (1)	$	(399	)	$	—		$	—	$	(399	)
Goodwill acquired (2)	$	6,796		$	—		$	—	$	6,796

Balance as of September 24, 2022
Goodwill	$	1,101,085		$	10,900		$	7,900	$	1,119,885
Accumulated adjustments		—			(6,462	)		—		(6,462	)
	$	1,101,085		$	4,438		$	7,900	$	1,113,423

Other intangible assets consist of the following:


	As of
	September 24,			September 25,
	2022			2021
Customer relationships (2)	$	526,665		$	519,604
Non-compete agreements (2)		40,190			38,940
Other		1,967			1,967
		568,822			560,511
Less: accumulated amortization
Customer relationships		(492,968	)		(486,395	)
Non-compete agreements		(34,137	)		(33,229	)
Other		(1,715	)		(1,624	)
		(528,820	)		(521,248	)
	$	40,002		$	39,263

(1)

Reflects the impact from the disposition of certain assets and operations in a non-strategic market of the propane segment (See Note 4).

(2)

Reflects the impact from acquisitions (See Note 4).

Aggregate amortization expense related to other intangible assets for fiscal 2022, 2021 and 2020 was $7,572, $48,054 and $57,065, respectively. The reduction in fiscal 2022 was attributable to the conclusion of the amortization period for certain intangible assets from prior business acquisitions. Aggregate amortization expense for each of the five succeeding fiscal years related to other intangible assets held as of September 24, 2022 is estimated as follows: 2023 - $7,639; 2024 - $7,474; 2025 - $5,389; 2026 - $4,633; and 2027 - $4,633.