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DEBT (Tables) | 12 Months Ended
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Aug. 31, 2021
DEBT [Abstract] |
Schedule of Short-Term Borrowings |
|  |  |  |  | Facilities Used |  |  |  |  |  |
|  | Total Amount |  | Short-term |  | Letters of |  | Facilities |  | Weighted average |
|  | of Facilities |  | Borrowings |  | Credit |  | Available |  | interest rate |
August 31, 2021 |  | $ | 131,000 |  | $ | — |  | $ | 97 |  | $ | 130,903 |  | — | %
August 31, 2020 |  | $ | 81,210 |  | $ | 65,143 |  | $ | 388 |  | $ | 15,679 |  | 3.7 | %
Summary of Changes in Long-Term Debt |
(Amounts in thousands) |  | Current ‎portion of ‎long-term debt |  | Long-term ‎debt (net of current portion) |  | Total |
Balances as of August 31, 2019 |  | $ | 25,875 |  | $ | 63,711 |  | $ | 89,586 | (1)
Proceeds from long-term debt incurred during the period: |  |  |  |  |  |  |  |  |  |
Colombia subsidiary |  |  | — |  |  | 25,000 |  |  | 25,000 |
Guatemala subsidiary |  |  | — |  |  | 20,820 |  |  | 20,820 |
Trinidad subsidiary |  |  | 6,062 |  |  | 6,000 |  |  | 12,062 |
Regularly scheduled loan payments |  |  | (5,393) |  |  | (9,771) |  |  | (15,164) |
Refinances of short-term debt |  |  | (11,046) |  |  | 11,046 |  |  | — |
Reclassifications of long-term debt due in the next 12 months |  |  | 3,875 |  |  | (3,875) |  |  | — |
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar (3) |  |  | 64 |  |  | (321) |  |  | (257) |
Balances as of August 31, 2020 |  |  | 19,437 |  |  | 112,610 |  |  | 132,047 | (2)
Proceeds from long-term debt incurred during the period: |  |  |  |  |  |  |  |  |  |
Trinidad subsidiary |  |  | 2,736 |  |  | 14,829 |  |  | 17,565 |
Regularly scheduled loan payments |  |  | (5,168) |  |  | (14,825) |  |  | (19,993) |
Reclassifications of long-term debt due in the next 12 months |  |  | 2,368 |  |  | (2,368) |  |  | — |
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar (3) |  |  | 22 |  |  | (136) |  |  | (114) |
Balances as of August 31, 2021 |  | $ | 19,395 |  | $ | 110,110 |  | $ | 129,505 | (4)
(1)The carrying amount on non-cash assets assigned as collateral for these loans was $111.3 million. No cash assets were assigned as collateral for these loans. (2)The carrying amount on non-cash assets assigned as collateral for these loans was $158.6 million. No cash assets were assigned as collateral for these loans. (3)These foreign currency translation adjustments are recorded within other comprehensive loss. (4)The carrying amount on non-cash assets assigned as collateral for these loans was $153.5 million. The carrying amount on cash assets assigned as collateral for these loans was $7.0 million.
Schedule of Long-Term Debt |
|  | August 31, |  | August 31,
|  | 2021 |  | 2020
Loans entered into by the Company's subsidiaries for which the subsidiary has entered into a cross-currency interest rate swap with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants |  | $ | 38,531 |  | $ | 42,585
Loans entered into by the Company's subsidiaries for which the subsidiary has entered into an interest rate swap with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants |  |  | 42,744 |  |  | 45,519
Unswapped loans entered into by the Company's subsidiaries with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants |  |  | 48,230 |  |  | 43,943
Total long-term debt |  |  | 129,505 |  |  | 132,047
Less: current portion |  |  | 19,395 |  |  | 19,437
Long-term debt, net of current portion |  | $ | 110,110 |  | $ | 112,610
Schedule of Annual Maturities of Long-Term Debt |
Twelve Months Ended August 31, |  | Amount
2022 |  | $ | 19,395
2023 |  |  | 27,427
2024 |  |  | 11,264
2025 |  |  | 25,730
2026 |  |  | 10,844
Thereafter |  |  | 34,845
Total |  | $ | 129,505

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