Long-Term Debt

9 Months Ended

May 31, 2024

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)	May 31, 2024			May 31, 2023			August 31, 2023
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		540			766			710
Total debt		115,540			115,766			115,710
Less current portion		(229	)		(225	)		(226	)
Less unamortized debt issuance costs		(282	)		(332	)		(320	)
Total long-term debt	$	115,029		$	115,209		$	115,164

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	229
2 years		233
3 years		78
Thereafter		115,000
	$	115,540