Credit Arrangements

3 Months Ended

Nov. 30, 2012

Note 6 – Credit Arrangements

At November 30, 2012 and 2011 and August 31, 2012, the Company was in compliance with all loan covenants. There have been no changes made to credit arrangements since August 31, 2012.

Outstanding long-term debt consists of the following:


	November 30,		November 30,		August 31,
($ in thousands)	2012		2011		2012
BSI Term Note	$	3,214	$	7,500	$	4,285
Less current portion		(3,214)		(4,286)		(4,285)
Total long-term debt	$	-	$	3,214	$	-

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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