XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2021
Debt [Abstract] |
Schedule Of Short-term And Long-term Borrowings |
|  |  | Maturities |  | August 31, |  | August 31,
|  | Issuance | (calendar year) |  | 2021 |  | 2020
Credit Agreement - revolving credit facility (1)(3) |  | Various | 9/30/2025 |  |  | 46,540 |  | $ | 95,898
Note Agreement |  |  |  |  |  |  |  |  |
Series A Notes - 3.39% fixed rate(2) |  | 11/15/2017 | 2021-2032 |  |  | 17,200 |  |  | 18,000
Series B Notes - 2.50% fixed rate(3) |  | 9/30/2020 | 11/15/2027 |  |  | 26,000 |  |  | -
Series C Notes - 2.69% fixed rate(3) |  | 9/30/2020 | 11/15/2030 |  |  | 26,000 |  |  | -
Total borrowings |  |  |  |  |  | 115,740 |  |  | 113,898
Short-term portion of borrowings |  |  |  |  |  | (800) |  |  | (800)
Total long-term borrowings |  |  |  |  | $ | 114,940 |  | $ | 113,098
(1)The Company has the ability to refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has both the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of August 31, 2021, the entire balance on this facility is classified as long-term and only contains amounts denominated in Euros and Pound Sterling. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates. (2)Principal payments are required semi-annually in May and November of each year in equal installments of $0.4 million through May 15, 2032. The remaining outstanding principal in the amount of $8.4 million will become due on November 15, 2032. (3)On September 30, 2020, the Company refinanced $50.0 million of existing draws under its Credit Agreement in the United States through the issuance of two new $26.0 million notes (“Series B Notes” and “Series C Notes”, respectively) under its Note Agreement. Interest on these new notes is payable semi-annually in May and November of each year with no principal due until the maturity date. The first interest payment on both the Series B and Series C Notes was paid in May 2021.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration