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CREDIT ARRANGEMENTS (Tables)

12 Months Ended

Aug. 31, 2020

Debt Disclosure [Abstract]

Long-term debt, including the deferred gain from the termination of the interest rate swaps

Long-term debt was as follows: 

						Weighted Average Interest Rate as of August 31, 2020						Year Ended August 31,
(in thousands)															2020						2019
2027 Notes						5.375%						$	300,000					$	300,000
2026 Notes						5.750%						350,000						350,000
2023 Notes						4.875%						330,000						330,000
Poland Term Loan						1.730%						40,713						—
Other						5.100%						21,329						23,168
Term Loan						3.148%						—						210,125
Short-term borrowings						0.980%						—						3,929
Finance leases												50,224						37,699
Total debt												1,092,266						1,254,921
Less debt issuance costs												8,581						10,268
Total amounts outstanding												1,083,685						1,244,653
Less current maturities of long-term debt and short-term borrowings												18,149						17,439
Long-term debt												$	1,065,536					$	1,227,214

In July 2017, the Company issued $300.0 million of 5.375% Senior Notes due July 2027 (the "2027 Notes"). Interest on these notes is payable semiannually.

In May 2018, the Company issued $350.0 million of 5.750% Senior Notes due April 2026 (the "2026 Notes"). Interest on the 2026 Notes is payable semiannually.

In May 2013, the Company issued $330.0 million of 4.875% Senior Notes due May 2023 (the "2023 Notes"). Interest on these notes is payable semiannually.

Scheduled maturities of the Company's long-term debt

The scheduled maturities of the Company's long-term debt, excluding obligations related to finance leases, are included in the table below. See Note 9, Leases, for scheduled maturities of finance leases.

Year Ended August 31,						(in thousands)
2021						$	3,776
2022						9,576
2023						339,565
2024						11,706
2025						9,556
Thereafter						667,863
Total long-term debt, excluding finance leases						1,042,042
Less debt issuance costs						8,581
Total long-term debt outstanding, excluding finance leases						$	1,033,461

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