Credit Arrangements (Tables)

12 Months Ended

Aug. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consists of the following:

	August 31,
($ in thousands)	2021			2020
Series A Senior Notes	$	115,000		$	115,000
Revolving Credit Facility		—			—
Elecsys Series 2006A Bonds		1,148			1,344
Total debt		116,148			116,344
Less current portion		(217	)		(195	)
Less debt issuance costs		(417	)		(467	)
Total long-term debt	$	115,514		$	115,682

Schedule of Principal Payments Due on Long-Term Debt

Principal payments due on the debt are as follows:

Due within	$ in thousands
1 year	$	217
2 years		221
3 years		226
4 years		230
5 years		235
Thereafter		115,019
	$	116,148