Long-Term Debt

6 Months Ended

Feb. 28, 2021

Debt Disclosure [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:

($ in thousands)	February 28, 2021			February 29, 2020			August 31, 2020
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Revolving Credit Facility		—			—			—
Elecsys Series 2006A Bonds		1,256			1,467			1,344
Total debt		116,256			116,467			116,344
Less current portion		(215	)		(211	)		(195	)
Less unamortized debt issuance costs		(442	)		(491	)		(467	)
Total long-term debt	$	115,599		$	115,765		$	115,682

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	215
2 years		219
3 years		224
4 years		228
5 years		232
Thereafter		115,138
	$	116,256