DEBT
 9 Months Ended
May 31, 2011
Debt [Abstract]  
DEBT
NOTE 9 - DEBT

Short-term borrowings consist of lines of credit which are secured by certain assets of the Company and its subsidiaries and are guaranteed by the Company as summarized below (in thousands):

       
 
 
Facilities Used
           
   
Total Amount of Facilities
 
Short-term Borrowings
   
Letters of Credit
   
Facilities Available
   
Weighted average interest rate
 
May 31, 2011
$
28,029
 
$
4,642
   
$
385
   
$
23,002
     
9.4
%
                   
August 31, 2010
 
27,940
   
3,551
     
470
     
23,919
     
8.8
%


Annual maturities of long-term debt are as follows (in thousands):
 
Years Ended May 31,
 
Amount
 
2012
 
$
7,767
 
2013
   
7,300
 
2014
   
7,300
 
2015
   
17,617
 
2016
   
24,215
 
Thereafter
   
3,598
 
Total long term debt
   
67,797
 
Less: current portion
   
7,767
 
Long-term debt, net of current portion
   
60,030