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DEBT (Tables)
3 Months Ended
Nov. 30, 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

November 30, 2020

$

121,000

$

47,349

$

125

$

73,526

2.9

%

August 31, 2020

$

81,210

$

65,143

$

388

$

15,679

3.7

%

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, 2020

$

19,437

$

112,610

$

132,047

(1)

Regularly scheduled loan payments

(287)

(3,610)

(3,897)

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

625

(625)

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

(4)

(271)

(275)

Balances as of November 30, 2020

$

19,771

$

108,104

$

127,875

(3)

(1)The carrying amount of non-cash assets assigned as collateral for these loans was $158.6 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 $154.1 million. No cash assets were assigned as collateral for these loans.

Schedule of Annual Maturities of Long-Term Debt

Twelve Months Ended November 30,

Amount

2021

$

19,771

2022

15,455

2023

23,906

2024

23,335

2025

7,777

Thereafter

37,631

Total

$

127,875