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DEBT (Tables)
3 Months Ended
Nov. 30, 2016
DEBT [Abstract]  
Schedule of Short-Term Borrowings



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Facilities Used

 

 

 

 

 

 

 



 

Total Amount

 

Short-term

 

Letters of

 

Facilities

 

Weighted average

 



 

of Facilities

 

Borrowings

 

Credit

 

Available

 

interest rate

 

November 30, 2016

 

$

67,000 

 

$

12,211 

 

$

8,975 

 

$

44,988 

 

10.3 

 

%

August 31, 2016

 

$

65,000 

 

$

16,534 

 

$

9,224 

 

$

39,242 

 

10.1 

 

%



Summary of Changes in Long-Term Debt





 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

(Amounts in thousands)

 

Current
portion of
long-term debt

 

Long-term
debt (net of current portion)

 

Total

 

Balances as of August 31, 2016

 

$

14,565 

 

$

73,542 

 

$

88,107 

(1)

Regularly scheduled loan payments

 

 

 

 

 

(3,688)

 

 

(3,688)

 

Translation adjustments on foreign-currency debt of subsidiaries whose functional currency is not the U.S. dollar (2)

 

 

99 

 

 

(66)

 

 

33 

 

Balances as of November 30, 2016

 

$

14,664 

 

$

69,788 

 

$

84,452 

(3)



(1)

The carrying amount on non-cash assets assigned as collateral for this total was $102.4 million.  No cash assets were assigned as collateral for this total. 

(2)

These foreign currency translation adjustments are recorded within Other comprehensive income.

(3)

The carrying amount on non-cash assets assigned as collateral for this total was $97.9 million.    No cash assets were assigned as collateral for this total.

Schedule of Annual Maturities of Long-Term Debt



 

 

 



 

 

 

Twelve Months Ended November 30,

 

Amount

2017

 

$

14,084 

2018

 

 

13,657 

2019

 

 

23,471 

2020

 

 

22,902 

2021

 

 

4,433 

Thereafter

 

 

1,854 

Total (1)

 

$

80,401 



(1)

In the case of loans subject to cross-currency interest rate swaps, the Company has used the effective rate to the Company under the applicable derivative obligation as of November 30, 2016 to disclose the future commitments of the related long-term debt.