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Long-Term Debt

3 Months Ended

Nov. 30, 2019

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, 2019				November 30, 2018				August 31, 2019
Series A Senior Notes		$	115,000			$	115,000			$	115,000
Revolving Credit Facility			—				—				—
Elecsys Series 2006A Bonds			1,519				1,724				1,571
Total debt			116,519				116,724				116,571
Less current portion			(210	)			(206	)			(209	)
Less unamortized debt issuance costs			(504	)			(432	)			(516	)
Total long-term debt		$	115,805			$	116,086			$	115,846

Principal payments on the debt are due as follows:

Due within		$ in thousands
1 year		$	210
2 years			214
3 years			218
4 years			222
5 years			227
Thereafter			115,428
		$	116,519

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- References

No definition available.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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