Short-term borrowings consist of unsecured lines of credit. The following table summarizes the balances of total facilities, facilities used and facilities available (in thousands):


			Facilities Used
	Total Amount		Short-term		Letters of		Facilities		Weighted average
	of Facilities		Borrowings		Credit		Available		interest rate
August 31, 2020	$	81,210	$	65,143	$	388	$	15,679	3.7	%
August 31, 2019	$	69,000	$	7,540	$	486	$	60,974	6.1	%

As of August 31, 2020 and August 31, 2019, the Company had approximately $40.0 million of short-term facilities in the U.S. that require compliance with certain quarterly financial covenants. As of August 31, 2020 and August 31, 2019, the Company was in compliance with respect to these covenants. Each of the facilities expires annually except for the U.S. facility, which expires bi-annually. The facilities are normally renewed.

The following table provides the changes in long-term debt for the twelve months ended August 31, 2020:


(Amounts in thousands)	Current ‎portion of ‎long-term debt		Long-term ‎debt (net of current portion)		Total
Balances as of August 31, 2018	$	14,855	$	87,720	$	102,575	⁽¹⁾
Regularly scheduled loan payments		(4,467)		(8,472)		(12,939)
Reclassifications of long-term debt		15,394		(15,394)		—
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar⁽³⁾		93		(143)		(50)
Balances as of August 31, 2019		25,875		63,711		89,586	⁽²⁾
Proceeds from long-term debt incurred during the period:
Colombia subsidiary		—		25,000		25,000
Guatemala subsidiary		—		20,820		20,820
Trinidad subsidiary		6,062		6,000		12,062
Regularly scheduled loan payments		(5,393)		(9,771)		(15,164)
Refinances of short-term debt		(11,046)		11,046		—
Reclassifications of long-term debt due in the next 12 months		3,875		(3,875)		—
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar⁽³⁾		64		(321)		(257)
Balances as of August 31, 2020	$	19,437	$	112,610	$	132,047	⁽⁴⁾

⁽¹⁾The carrying amount on non-cash assets assigned as collateral for these loans was $125.9 million. No cash assets were assigned as collateral for these loans.

⁽²⁾The carrying amount on non-cash assets assigned as collateral for these loans was $111.3 million. No cash assets were assigned as collateral for these loans.

⁽³⁾These foreign currency translation adjustments are recorded within other comprehensive loss.

⁽⁴⁾The carrying amount on non-cash assets assigned as collateral for these loans was $158.6 million. No cash assets were assigned as collateral for these loans.

The following table provides a summary of the long-term loans entered into by the Company:


	August 31,		August 31,
	2020		2019
Loans entered into by the Company's subsidiaries for which the subsidiary has entered into a cross-currency interest rate swap with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants	$	42,585	$	24,224
Loans entered into by the Company's subsidiaries for which the subsidiary has entered into an interest rate swap with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants		45,519		53,544
Unswapped loans entered into by the Company's subsidiaries with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants		43,943		11,818
Total long-term debt		132,047		89,586
Less: current portion		19,437		25,875
Long-term debt, net of current portion	$	112,610	$	63,711

As of August 31, 2020, the Company had approximately $107.4 million of long-term loans in several foreign subsidiaries that require these subsidiaries to comply with certain annual or quarterly financial covenants, which include debt service and leverage ratios. As of August 31, 2020, the Company was in compliance with all covenants or amended covenants.

As of August 31, 2019, the Company had approximately $83.1 million of long-term loans in several foreign subsidiaries that require these subsidiaries to comply with certain annual or quarterly financial covenants, which include debt service and leverage ratios. As of August 31, 2019, the Company was in compliance with all covenants or amended covenants.