Long-Term Debt (Tables)

6 Months Ended

Feb. 28, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The following table sets forth the outstanding principal balances of the Company’s long-term debt as of the dates shown:

($ in thousands)	February 28, 2022			February 28, 2021			August 31, 2021
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		1,042			1,256			1,148
Total debt		116,042			116,256			116,148
Less current portion		(220	)		(215	)		(217	)
Less unamortized debt issuance costs		(394	)		(442	)		(417	)
Total long-term debt	$	115,428		$	115,599		$	115,514

Schedule of Principal Payments Due on Long-Term Debt

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	220
2 years		224
3 years		228
4 years		232
5 years		138
Thereafter		115,000
	$	116,042