Long-Term Debt

6 Months Ended

Feb. 29, 2024

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)	February 29, 2024			February 28, 2023			August 31, 2023
Series A Senior Notes	$	115,000		$	115,000		$	115,000
Elecsys Series 2006A Bonds		598			822			710
Total debt		115,598			115,822			115,710
Less current portion		(228	)		(224	)		(226	)
Less unamortized debt issuance costs		(295	)		(345	)		(320	)
Total long-term debt	$	115,075		$	115,253		$	115,164

Principal payments on the debt are due as follows:

Due within	$ in thousands
1 year	$	228
2 years		232
3 years		138
Thereafter		115,000
	$	115,598