Long-Term Debt

3 Months Ended

Nov. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt

Note 6 – 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)	November 30, 2022			November 30, 2021			August 31, 2022
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		876			1,096			931
Total debt		115,876			116,096			115,931
Less current portion		(223	)		(219	)		(222	)
Less unamortized debt issuance costs		(356	)		(406	)		(368	)
Total long-term debt	$	115,297		$	115,471		$	115,341

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	223
2 years		227
3 years		232
4 years		194
5 years		—
Thereafter		115,000
	$	115,876