Long-Term Debt (Tables)

9 Months Ended

May 31, 2020

Debt Disclosure [Abstract]

Schedule of 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, 2020			May 31, 2019			August 31, 2019
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Revolving Credit Facility		—			—			—
Elecsys Series 2006A Bonds		1,397			1,622			1,571
Total debt		116,397			116,622			116,571
Less current portion		(195	)		(208	)		(209	)
Less unamortized debt issuance costs		(479	)		(529	)		(516	)
Total long-term debt	$	115,723		$	115,885		$	115,846

Schedule of Principal Payments Due on Long-Term Debt

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	195
2 years		216
3 years		220
4 years		225
5 years		229
Thereafter		115,312
	$	116,397