Long-Term Debt

3 Months Ended

Nov. 30, 2023

Debt Disclosure [Abstract]

Long-Term Debt

Note 7 – 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, 2023			November 30, 2022			August 31, 2023
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		654			876			710
Total debt		115,654			115,876			115,710
Less current portion		(227	)		(223	)		(226	)
Less unamortized debt issuance costs		(307	)		(356	)		(320	)
Total long-term debt	$	115,120		$	115,297		$	115,164

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	227
2 years		231
3 years		196
Thereafter		115,000
	$	115,654