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DEBT (Tables)
9 Months Ended
May 31, 2020
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

May 31, 2020

$

81,210

$

70,886

$

472

$

9,852

3.6

%

August 31, 2019

$

69,000

$

7,540

$

486

$

60,974

6.1

%

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, 2019

$

25,875

$

63,711

$

89,586

(1)

Proceeds from long-term debt incurred during the period:

Colombia subsidiary

—

25,000

25,000

Guatemala subsidiary

—

20,820

20,820

Trinidad subsidiary

6,000

6,000

12,000

Regularly scheduled loan payments

(1,539)

(6,003)

(7,542)

Refinances of short-term debt

(11,046)

11,046

—

Reclassifications of long-term debt due in the next 12 months

3,402

(3,402)

—

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

92

(127)

(35)

Balances as of May 31, 2020

$

22,784

$

117,045

$

139,829

(3)

(1)The carrying amount of non-cash assets assigned as collateral for these loans was $111.3 million. No cash assets were assigned as collateral for these loans.

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

(3)The carrying amount of non-cash assets assigned as collateral for these loans was $166.2 million. No cash assets were assigned as collateral for these loans.

Schedule of Annual Maturities of Long-Term Debt

Twelve Months Ended May 31,

Amount

2021

$

22,784

2022

17,900

2023

25,845

2024

8,577

2025

24,983

Thereafter

39,740

Total

$

139,829