Long-Term Debt

9 Months Ended

May 31, 2016

Long-Term Debt [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.

	May 31,		May 31,		August 31,
($ in thousands)	2016		2015		2015
Series A Senior Notes	$	115,000	$	115,000	$	115,000
Revolving Credit Facility		-		-		-
Elecsys Series 2006A Bonds		2,221		2,404		2,366
Total debt		117,221		117,404		117,366
Less current portion		(196)		(182)		(193)
Total long-term debt	$	117,025	$	117,222	$	117,173

Principal payments on the debt are due as follows:

Due within:	$ in thousands
1 year	$	196
2 years		200
3 years		204
4 years		208
5 years		212
Thereafter		116,201
	$	117,221