Long-Term Debt

3 Months Ended

Nov. 30, 2024

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, 2024			November 30, 2023			August 31, 2024
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		434			654			492
Total debt		115,434			115,654			115,492
Less current portion		(229	)		(227	)		(228	)
Less unamortized debt issuance costs		(257	)		(307	)		(270	)
Total long-term debt	$	114,948		$	115,120		$	114,994

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	229
2 years		205
Thereafter		115,000
	$	115,434