Long-Term Debt

9 Months Ended

May 31, 2018

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, 2018			May 31, 2017			August 31, 2017
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Revolving Credit Facility		—			—			—
Elecsys Series 2006A Bonds		1,826			2,026			1,976
Total debt		116,826			117,026			116,976
Less current portion		(204	)		(200	)		(201	)
Total long-term debt	$	116,622		$	116,826		$	116,775

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	204
2 years		208
3 years		212
4 years		216
5 years		220
Thereafter		115,766
	$	116,826