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DEBT (Tables) | 3 Months Ended
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Nov. 30, 2024
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):
|  |  | Facilities Used |  |  |  |
| Total Amount of Facilities |  | Short-term Borrowings |  | Letters of Credit |  | Facilities Available |  | Weighted average interest rate
November 30, 2024 - Committed | $ | 75,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 75,000 |  |  | — | %
November 30, 2024 - Uncommitted | 96,000 |  |  | 7,764 |  |  | — |  |  | 88,236 |  |  | 9.6 |
November 30, 2024 - Total | $ | 171,000 |  |  | $ | 7,764 |  |  | $ | — |  |  | $ | 163,236 |  |  | — | %
August 31, 2024 - Committed | $ | 75,000 |  |  | $ | — |  |  | 225 |  |  | $ | 74,775 |  |  | — | %
August 31, 2024 - Uncommitted | 96,000 |  |  | 8,007 |  |  | — |  |  | 87,993 |  |  | 11.3 |
August 31, 2024 - Total | $ | 171,000 |  |  | $ | 8,007 |  |  | $ | 225 |  |  | $ | 162,768 |  |  | — | %
Schedule of Changes in Long-Term Debt | The following table provides the changes in long-term debt for the three months ended November 30, 2024:
(Amounts in thousands) | Current portion of long-term debt |  | Long-term debt (net of current portion) |  | Total |
Balances as of August 31, 2024 | $ | 35,917 |  |  | $ | 94,443 |  |  | $ | 130,360 |  | (1)
Proceeds from long-term debt received during the period: |  |  |  |  |  |
Trinidad subsidiary | 1,760 |  |  | 3,681 |  |  | 5,441 |  |
Total proceeds from long-term debt received during the period | 1,760 |  |  | 3,681 |  |  | 5,441 |  |
Repayments of long-term debt: | (15,832) |  |  | (4,111) |  |  | (19,943) |  |
Reclassifications of long-term debt due in the next 12 months | 225 |  |  | (225) |  |  | — |  |
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar(2) | (15) |  |  | (221) |  |  | (236) |  |
Balances as of November 30, 2024 | $ | 22,055 |  |  | $ | 93,567 |  |  | $ | 115,622 |  | (3)
(1)The carrying amount of non-cash assets assigned as collateral for these loans was $155.1 million. The carrying amount of cash assets assigned as collateral for these loans was $1.7 million. (2)These foreign currency translation adjustments are recorded within other comprehensive income. (3)The carrying amount of non-cash assets assigned as collateral for these loans was $135.0 million. The carrying amount of cash assets assigned as collateral for these loans was $6.6 million.
Schedule of Annual Maturities of Long-Term Debt | Annual maturities of long-term debt are as follows (in thousands):
Twelve Months Ended November 30, |  | Amount
2025 |  | $ | 22,055 |
2026 |  | 18,119 |
2027 |  | 38,576 |
2028 |  | 8,977 |
2029 |  | 4,466 |
Thereafter |  | 23,429 |
Total |  | $ | 115,622 |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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