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Long-Term Debt
 3 Months Ended
Nov. 30, 2018
Debt Disclosure [Abstract]  
Long-Term Debt

Note 7 – 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)

 

November 30,

2018

 

 

November 30,

2017

 

 

August 31,

2018

 

Series A Senior Notes

 

$

115,000

 

 

$

115,000

 

 

$

115,000

 

Revolving Credit Facility

 

 

—

 

 

 

—

 

 

 

—

 

Elecsys Series 2006A Bonds

 

 

1,724

 

 

 

1,926

 

 

 

1,775

 

Total debt

 

 

116,724

 

 

 

116,926

 

 

 

116,775

 

Less current portion

 

 

(206

)

 

 

(202

)

 

 

(205

)

Total long-term debt

 

$

116,518

 

 

$

116,724

 

 

$

116,570

 

 

Principal payments on the debt are due as follows:

 

Due within

 

$ in thousands

 

1 year

 

$

206

 

2 years

 

 

210

 

3 years

 

 

214

 

4 years

 

 

218

 

5 years

 

 

222

 

Thereafter

 

 

115,654

 

 

 

$

116,724