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Debt
3 Months Ended
Nov. 30, 2011
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
Note 3.    Debt
 
The Company has a $10,000,000 line-of-credit agreement with Community Bank. Borrowings under this agreement bear interest at either the 30, 60, or 90 day London Inter-Bank Offered Rate (“LIBOR”) (0.53% and 0.33% for the 90 day LIBOR at November 30, 2011 and August 31, 2011, respectively) plus 1.75% and/or the bank’s reference rate (3.25% at November 30, 2011 and August 31, 2011). Borrowings are secured by substantially all assets of Bisco and are guaranteed by the Company’s Chief Executive Officer and Chairman of the Board, Glen F. Ceiley. The agreement has been renewed until March 1, 2013.
 
The amount outstanding under this line of credit as of November 30, 2011 and August 31, 2011 was $9,400,000 and $8,500,000, respectively. Availability under the line of credit was $600,000 and $1,500,000 at November 30, 2011 and August 31, 2011, respectively.
 
The credit agreement contains nonfinancial and financial covenants, including the maintenance of certain financial ratios.  As of November 30, 2011 and August 31, 2011, the Company was in compliance with all covenants.
 
On March 10, 2011, the Company entered into a $1,000,000 term loan agreement with Community Bank.  The proceeds of the loan were used to pay down the Company’s line of credit.  The term loan is for two years and bears interest at the bank’s reference rate (3.25% at November 30, 2011).  As of November 30, 2011 the outstanding balance was $674,000.