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Long-Term Debt
 9 Months Ended
May 31, 2017
Long-Term Debt [Abstract]  
Long-Term Debt

Note 6 – Long-Term Debt



The following table sets forth the outstanding principal balances of the Company’s long-term debt as of the dates shown: 





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

May 31,

 

May 31,

 

August 31,

($ in thousands)

 

2017

 

2016

 

2016

Series A Senior Notes

 

$

 115,000 

 

$

 115,000 

 

$

 115,000 

Revolving Credit Facility

 

 

 —

 

 

 —

 

 

 —

Elecsys Series 2006A Bonds

 

 

 2,026 

 

 

 2,221 

 

 

 2,173 

Total debt

 

 

 117,026 

 

 

 117,221 

 

 

 117,173 

Less current portion

 

 

 (200)

 

 

 (196)

 

 

 (197)

Total long-term debt

 

$

 116,826 

 

$

 117,025 

 

$

 116,976 



 

 

 

 

 

 

 

 

 



Principal payments on the debt are due as follows:





 

 

 

Due within

 

$ in thousands

1 year

 

$

 200 

2 years

 

 

 204 

3 years

 

 

 208 

4 years

 

 

 212 

5 years

 

 

 216 

Thereafter

 

 

 115,986 



 

$

 117,026