CREDIT ARRANGEMENTS (Tables)

12 Months Ended

Aug. 31, 2016

Debt Disclosure [Abstract]

Long-term debt, including the deferred gain from the termination of the interest rate swaps

Long-term debt, including the deferred gain from the termination of the interest rate swaps, was as follows:

	Weighted Average Interest Rate as of August 31, 2016	August 31,
(in thousands)		2016		2015
2023 Notes	4.875%	$	330,000	$	330,000
2018 Notes	6.40%	408,874		513,680
2017 Notes	5.74%	302,601		405,573
Other, including equipment notes		34,166		38,739
Total debt		1,075,641		1,287,992
Less debt issuance costs		4,224		5,637
Total Amounts Outstanding		1,071,417		1,282,355
Less current maturities		313,469		10,110
Long-Term Debt		$	757,948	$	1,272,245

Interest on these notes is payable semiannually.

Scheduled maturities of the Company's long-term debt

The scheduled maturities of the Company's long-term debt are as follows:

Year Ending August 31,	(in thousands)
2017	$	311,094
2018	410,416
2019	8,297
2020	3,478
2021	527
Thereafter	330,172
Total excluding deferred gain of interest rate swaps	1,063,984
Deferred gain of interest rate swaps	11,657
Less debt issuance costs	4,224
Total long-term debt including current maturities	$	1,071,417