Long-Term Debt (Tables)

3 Months Ended

Nov. 30, 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)	November 30, 2020			November 30, 2019			August 31, 2020
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Revolving Credit Facility		—			—			—
Elecsys Series 2006A Bonds		1,309			1,519			1,344
Total debt		116,309			116,519			116,344
Less current portion		(214	)		(210	)		(195	)
Less unamortized debt issuance costs		(454	)		(504	)		(467	)
Total long-term debt	$	115,641		$	115,805		$	115,682

Schedule of Principal Payments Due on Long-Term Debt

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	214
2 years		218
3 years		222
4 years		227
5 years		231
Thereafter		115,197
	$	116,309