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DEBT (Tables) | 12 Months Ended
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Aug. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Short-Term Borrowings | Short-term borrowings consist of unsecured lines of credit and short-term overdraft borrowings. The following table summarizes the balances of total facilities, facilities used and facilities available (in thousands):
| Total Amount of Facilities |  | Facilities Used |  | Facilities Available |  | Weighted average interest rate
| Short-term Borrowings |  | Letters of Credit |  |
August 31, 2023 - Committed | $ | 75,000 |  | — |  | — |  | 75,000 |  | —%
August 31, 2023 - Uncommitted | 91,000 |  | 8,376 |  | — |  | 82,624 |  | 13.2
August 31, 2023 - Overdraft Used (Uncommitted) | — |  | 303 |  | — |  | — |  | 12.0
August 31, 2023 - Total | $ | 166,000 |  | $ | 8,679 |  | $ | — |  | $ | 157,624 |  | 12.7%
August 31, 2022 - Committed | $ | 75,000 |  | — |  | 73 |  | 74,927 |  | —%
August 31, 2022 - Uncommitted | 91,000 |  | 10,608 |  | — |  | 80,392 |  | 5.3
August 31, 2022 - Total | $ | 166,000 |  | $ | 10,608 |  | $ | 73 |  | $ | 155,319 |  | 5.3%
Summary of Changes in Long-Term Debt | The following table provides the changes in long-term debt for the twelve months ended August 31, 2023:
(Amounts in thousands) | Current portion of long-term debt |  | Long-term debt (net of current portion) |  | Total |
Balances as of August 31, 2021 | $ | 19,395 |  | $ | 110,110 |  | $ | 129,505 | (1)
Proceeds from long-term debt received during the period: |  |  |  |  |  |
Guatemala subsidiary | — |  | 4,204 |  | 4,204 |
Trinidad subsidiary | 4,924 |  | 21,505 |  | 26,429 |
Total proceeds from long-term debt received during the period | 4,924 |  | 25,709 |  | 30,633 |
Repayments of long-term debt: | (8,110) |  |  | (14,587) |  |  | (22,697) |  |
Reclassifications of long-term debt due in the next 12 months | 17,618 |  | (17,618) |  |  | — |
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar(2) | (112) |  |  | (58) |  |  | (170) |  |
Balances as of August 31, 2022 | 33,715 |  | 103,556 |  | 137,271 | (3)
Proceeds from long-term debt received during the period: |  |  |  |  |  |
Guatemala subsidiary | — |  |  | 12,454 |  |  | 12,454 |  |
Barbados subsidiary | — |  |  | 7,460 |  |  | 7,460 |  |
Honduras subsidiary | 1,001 |  |  | 12,798 |  |  | 13,799 |  |
Trinidad subsidiary | 750 |  |  | 4,250 |  |  | 5,000 |  |
Total proceeds from long-term debt received during the period | 1,751 |  | 36,962 |  | 38,713 |
Repayments of long-term debt: | (17,541) |  |  | (18,443) |  |  | (35,984) |  |
Reclassifications of long-term debt due in the next 12 months | 1,729 |  |  | (1,729) |  |  | — |  |
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar(2) | 539 |  |  | (859) |  |  | (320) |  |
Balances as of August 31, 2023 | $ | 20,193 |  | $ | 119,487 |  | $ | 139,680 | (4)
(1)The carrying amount of non-cash assets assigned as collateral for these loans was $153.5 million. The carrying amount of cash assets assigned as collateral for these loans was $7.0 million. (2)These foreign currency translation adjustments are recorded within other comprehensive loss. (3)The carrying amount of non-cash assets assigned as collateral for these loans was $155.6 million. The carrying amount of cash assets assigned as collateral for these loans was $5.3 million. (4)The carrying amount of non-cash assets assigned as collateral for these loans was $156.2 million. The carrying amount of cash assets assigned as collateral for these loans was $3.5 million.
Schedule of Long-Term Debt | The following table provides a summary of the long-term loans entered into by the Company:
| August 31, 2023 |  | August 31, 2022
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 | $ | 23,099 |  |  | $ | 33,853 |
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 | 30,069 |  |  | 39,969 |
Unhedged 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 | 86,512 |  |  | 63,449 |
Total long-term debt | 139,680 |  |  | 137,271 |
Less: current portion | 20,193 |  |  | 33,715 |
Long-term debt, net of current portion | $ | 119,487 |  |  | $ | 103,556 |
Schedule of Annual Maturities of Long-Term Debt | Annual maturities of long-term debt are as follows (in thousands):
Twelve Months Ended August 31, |  | Amount
2024 |  | $ | 20,193 |
2025 |  | 36,151 |
2026 |  | 18,450 |
2027 |  | 33,188 |
2028 |  | 17,512 |
Thereafter |  | 14,186 |
Total |  | $ | 139,680 |

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