DEBT (Tables)
 9 Months Ended
May 31, 2021
DEBT [Abstract]  
Schedule of Short-Term Borrowings

Facilities Used

Total Amount

Short-term

Letters of

Facilities

Weighted average

of Facilities

Borrowings

Credit

Available

interest rate

May 31, 2021

$

131,000

$

—

$

125

$

130,875

—

%

August 31, 2020

$

81,210

$

65,143

$

388

$

15,679

3.7

%
Summary of Changes in Long-Term Debt

(Amounts in thousands)

Current
‎portion of
‎long-term debt

Long-term
‎debt (net of current portion)

Total

Balances as of August 31, 2020

$

19,437

$

112,610

$

132,047

(1)

Proceeds from long-term debt incurred during the period:

Trinidad subsidiary

547

2,453

3,000

Regularly scheduled loan payments

(1,164)

(11,971)

(13,135)

Reclassifications of long-term debt due in the next 12 months

1,706

(1,706)

—

Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar (2)

28

(92)

(64)

Balances as of May 31, 2021

$

20,554

$

101,294

$

121,848

(3)

(1)The carrying amount of non-cash assets assigned as collateral for these loans was $158.6 million. No cash assets were assigned as collateral for these loans.

(2)These foreign currency translation adjustments are recorded within Other comprehensive loss.

(3)The carrying amount of cash and non-cash assets assigned as collateral for these loans was $2.8 million and $143.7 million, respectively.

Schedule of Annual Maturities of Long-Term Debt

Twelve Months Ended May 31,

Amount

2022

$

20,554

2023

26,381

2024

9,174

2025

25,608

2026

4,310

Thereafter

35,821

Total

$

121,848