Credit Arrangements (Tables)

12 Months Ended

Aug. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consists of the following:

	August 31,
($ in thousands)	2020			2019
Series A Senior Notes	$	115,000		$	115,000
Revolving Credit Facility		—			—
Elecsys Series 2006A Bonds		1,344			1,571
Total debt		116,344			116,571
Less current portion		(195	)		(209	)
Less debt issuance costs		(467	)		(516	)
Total long-term debt	$	115,682		$	115,846

Schedule of Principal Payments Due on Long-Term Debt

Principal payments due on the debt are as follows:

Due within	$ in thousands
1 year	$	195
2 years		217
3 years		221
4 years		226
5 years		230
Thereafter		115,255
	$	116,344