Long-Term Debt

9 Months Ended

May 31, 2023

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)	May 31, 2023			May 31, 2022			August 31, 2022
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		766			985			931
Total debt		115,766			115,985			115,931
Less current portion		(225	)		(221	)		(222	)
Less unamortized debt issuance costs		(332	)		(380	)		(368	)
Total long-term debt	$	115,209		$	115,384		$	115,341

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	225
2 years		229
3 years		234
4 years		78
Thereafter		115,000
	$	115,766