CREDIT ARRANGEMENTS (Tables)

9 Months Ended

May 31, 2017

Debt Disclosure [Abstract]

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

At May 31, 2017, the Company was in compliance with all covenants contained in its debt agreements.

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

(in thousands)	Weighted Average Interest Rate as of May 31, 2017	May 31, 2017		August 31, 2016
2023 Notes	4.875%	$	330,000	$	330,000
2018 Notes	6.40%	405,406		408,874
2017 Notes	5.74%	300,372		302,601
Other, including equipment notes		30,984		34,166
Total debt		1,066,762		1,075,641
Less debt issuance costs		3,432		4,224
Total amounts outstanding		1,063,330		1,071,417
Less current maturities		311,654		313,469
Long-term debt		$	751,676	$	757,948

The Company has uncommitted credit facilities available from U.S. and international banks. In general, these credit facilities are used to support trade letters of credit (including accounts payable settled under bankers' acceptances), foreign exchange transactions and short-term advances which are priced at market rates.