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Long-Term Debt
 6 Months Ended
Feb. 28, 2018
Debt Disclosure [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:

 

($ in thousands)

 

February 28,

2018

 

 

February 28,

2017

 

 

August 31,

2017

 

Series A Senior Notes

 

$

115,000

 

 

$

115,000

 

 

$

115,000

 

Revolving Credit Facility

 

 

—

 

 

 

—

 

 

 

—

 

Elecsys Series 2006A Bonds

 

 

1,876

 

 

 

2,075

 

 

 

1,976

 

Total debt

 

 

116,876

 

 

 

117,075

 

 

 

116,976

 

Less current portion

 

 

(203

)

 

 

(199

)

 

 

(201

)

Total long-term debt

 

$

116,673

 

 

$

116,876

 

 

$

116,775

 

 

Principal payments on the debt are due as follows:

 

Due within

 

$ in thousands

 

1 year

 

$

203

 

2 years

 

 

207

 

3 years

 

 

211

 

4 years

 

 

215

 

5 years

 

 

219

 

Thereafter

 

 

115,821

 

 

 

$

116,876