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DEBT (Tables)
9 Months Ended
May 31, 2014
Debt Disclosure [Abstract]  
Schedule of short-term borrowings
Short-term borrowings consist of lines of credit which are secured by certain assets of the Company and its subsidiaries and in some cases are guaranteed by the Company as summarized below (in thousands):

 
 
 
Facilities Used
 
 
 
 
 
Total Amount of Facilities
 
Short-term Borrowings
 
Letters of Credit
 
Facilities Available
 
Weighted average interest rate
May 31, 2014
$
35,895

 
$

 
$
398

 
$
35,497

 
N/A
August 31, 2013
$
35,863

 
$

 
$
588

 
$
35,275

 
N/A
 
Each of the facilities expires annually and is normally renewed.
Annual maturities of long-term debt
Annual maturities of long-term debt are as follows (in thousands):

Twelve months ended May 31,
 
Amount
2015
 
$
15,742

2016
 
25,176

2017
 
15,405

2018
 
7,700

2019
 
18,600

Thereafter
 
11,472

Total
 
$
94,095