XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.23.2

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Jun. 24, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price over the fair value of net assets acquired. Goodwill is subject to an impairment review at a reporting unit level, on an annual basis as of the end of fiscal July of each year, or when an event occurs or circumstances change that would indicate potential impairment. The Partnership has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing an impairment test is unnecessary. However, if an entity concludes otherwise, then it is required to perform an impairment test. Under an impairment test, the Partnership assesses the carrying value of goodwill at a reporting unit level based on an estimate of the fair value of the respective reporting unit. Fair value of the reporting unit is estimated using discounted cash flow analyses taking into consideration estimated cash flows in a ten-year projection period and a terminal value calculation at the end of the projection period. If the fair value of the reporting unit exceeds its carrying value, the goodwill associated with the reporting unit is not considered to be impaired. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized to the extent that the carrying amount exceeds the fair value, up to the amount of goodwill allocated to the reporting unit. The carrying values of goodwill assigned to the Partnership’s operating segments are as follows:
|  |  |  |  | Fuel oil and |  |  | Natural gas |  |  |  |  |  |  |
|  | Propane |  |  | refined fuels |  |  | and electricity |  |  | All other |  |  | Total |
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 |
Fiscal 2023 Activity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill acquired (1) |  | $ | 4,094 |  |  |  |  |  |  |  |  | $ | 31,259 |  |  | $ | 35,353 |
Balance as of June 24, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 1,105,179 |  |  | $ | 10,900 |  |  | $ | 7,900 |  |  | $ | 31,259 |  |  | $ | 1,155,238 |
Accumulated adjustments |  |  | — |  |  |  | (6,462 | ) |  |  | — |  |  |  | — |  |  |  | (6,462 | )
|  | $ | 1,105,179 |  |  | $ | 4,438 |  |  | $ | 7,900 |  |  | $ | 31,259 |  |  | $ | 1,148,776 |
Other intangible assets consist of the following:
|  | As of |
|  | June 24, |  |  | September 24, |
|  | 2023 |  |  | 2022 |
Customer relationships (1) |  | $ | 572,347 |  |  | $ | 526,665 |
Non-compete agreements (1) |  |  | 40,840 |  |  |  | 40,190 |
Other (1) |  |  | 7,067 |  |  |  | 1,967 |
|  |  | 620,254 |  |  |  | 568,822 |
Less: accumulated amortization |  |  |  |  |  |
Customer relationships |  |  | (499,837 | ) |  |  | (492,968 | )
Non-compete agreements |  |  | (34,785 | ) |  |  | (34,137 | )
Other |  |  | (2,082 | ) |  |  | (1,715 | )
|  |  | (536,704 | ) |  |  | (528,820 | )
|  | $ | 83,550 |  |  | $ | 40,002 |
(1) Reflects the impact of the acquisitions; see Note 4, “Investments in and Acquisitions of Businesses.”

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration