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Notes Payable and Long-Term Debt | 9 Months Ended
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May. 31, 2015
Debt Disclosure [Abstract] |
Notes Payable and Long-Term Debt | Notes Payable and Long-Term Debt Our notes payable and long-term debt are subject to various restrictive requirements for maintenance of minimum consolidated net worth and other financial ratios. We were in compliance with our debt covenants as of May 31, 2015.
| May 31, 2015 |  | August 31, 2014
| (Dollars in thousands)
Notes payable | $ | 912,905 |  |  | $ | 840,699 |
CHS Capital notes payable | 359,143 |  |  | 318,774 |
Total notes payable | $ | 1,272,048 |  |  | $ | 1,159,473 |
On May 31, 2015, our primary line of credit was a five-year revolving facility with a committed amount of $2.5 billion. We had no amounts outstanding as of May 31, 2015 and August 31, 2014. Interest, net for the three and nine months ended May 31, 2015 and 2014 is as follows:
| For the Three Months Ended May 31, |  | For the Nine Months Ended May 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (Dollars in thousands)
Interest expense | $ | 24,365 |  |  | $ | 23,397 |  |  | $ | 64,975 |  |  | $ | 57,823 |
Interest-purchase of NCRA noncontrolling interests | 4,844 |  |  | 23,862 |  |  | 23,772 |  |  | 56,258 |
Capitalized interest | (17,104 | ) |  | (2,641 | ) |  | (41,715 | ) |  | (6,503 | )
Interest income | (2,548 | ) |  | (2,129 | ) |  | (7,384 | ) |  | (5,315 | )
Interest, net | $ | 9,557 |  |  | $ | 42,489 |  |  | $ | 39,648 |  |  | $ | 102,263 |
In February 2014, we terminated interest rate swaps and recorded a resulting $13.5 million gain as a reduction to interest expense in our Consolidated Statement of Operations for the nine months ended May 31, 2014. See Note 12, Derivative Financial Instruments and Hedging Activities for additional information.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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