DEBT (Tables)

12 Months Ended

Aug. 31, 2020


			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	%

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, 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.

Schedule of Long-Term Debt


	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

Schedule of Annual Maturities of Long-Term Debt


Twelve Months Ended August 31,	Amount
2021	$	19,437
2022		16,787
2023		24,762
2024		8,463
2025		23,887
Thereafter		38,711
Total	$	132,047

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details