v3.26.3
DEBT
 12 Months Ended
Aug. 31, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
Short-term borrowings consist of unsecured lines of credit and short-term overdraft borrowings. The following table summarizes the balances of total facilities, facilities used and facilities available (in thousands):
Total Amount
of Facilities		Facilities UsedFacilities
Available		Weighted average
interest rate
Short-term
Borrowings
August 31, 2026 - Committed
$75,000$—$75,000— %
August 31, 2026 - Uncommitted
96,0001,86194,1392.8 %
August 31, 2026 - Total
$171,000$1,861$169,1392.8 %
August 31, 2025 - Committed
$75,000$—$75,000— %
August 31, 2025 - Uncommitted
96,00012,28683,7149.5 %
August 31, 2025 - Total
$171,000$12,286$158,7149.5 %
As of August 31, 2026 and August 31, 2025, the Company was in compliance with all covenants or amended covenants for each of its short-term facility agreements. These facilities generally expire annually or bi-annually and are normally renewed. One of these facilities is a committed credit agreement with one bank for $75.0 million. In exchange for the bank’s commitment to fund any drawdowns the Company requests, the Company pays an annual commitment fee of 0.25%, payable quarterly, on any unused portion of this facility. Additionally, the Company has uncommitted facilities in most of the countries where it operates, with drawdown requests subject to approval by the individual banks each time a drawdown is requested.
The following table provides the changes in long-term debt for the twelve months ended August 31, 2026:
(Amounts in thousands)Current
portion of
long-term debt		Long-term
debt (net of current portion)		Total
Balances as of August 31, 2024
$35,917$94,443$130,360
(1)
Proceeds from long-term debt received during the period:
Trinidad subsidiary19,311 51,119 70,430 
Guatemala subsidiary4589,54210,000 
United States—12,50012,500 
Total proceeds from long-term debt received during the period19,76973,16192,930
Repayments of long-term debt:(23,303)(14,069)(37,372)
Reclassifications of long-term debt due in the next 12 months6,076(6,076)—
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar(2)
216 463 679 
Balances as of August 31, 2025
38,675147,922186,597
(3)
Proceeds from long-term debt received during the period:
Trinidad subsidiary6,347 14,490 20,837 
Total proceeds from long-term debt received during the period6,347 14,490 20,837 
Repayments of long-term debt:(6,249)(33,749)(39,998)
Reclassifications of long-term debt due in the next 12 months25,817 (25,817)— 
Translation adjustments on foreign currency debt of subsidiaries whose functional currency is not the U.S. dollar(2)
1 108 109 
Balances as of August 31, 2026
$64,591$102,954$167,545
(4)
(1)The carrying amount of non-cash assets assigned as collateral for these loans was $155.1 million. The carrying amount of cash assets assigned as collateral for these loans was $1.7 million.
(2)These foreign currency translation adjustments are recorded within other comprehensive income (loss).
(3)The carrying amount of non-cash assets assigned as collateral for these loans was $185.6 million. The carrying amount of cash assets assigned as collateral for these loans was $26.5 million.
(4)The carrying amount of non-cash assets assigned as collateral for these loans was $159.5 million. The carrying amount of cash assets assigned as collateral for these loans was $30.9 million.
In the third quarter of fiscal year 2026, the Company entered into the following financing transactions to provide our Trinidad subsidiary with additional U.S. dollar liquidity needed to meet its operational needs and help reduce the shortfall in U.S. dollar sourcing due to continued illiquid foreign exchange conditions in that market:
In May 2026, the Company obtained a three-year loan agreement and received proceeds of U.S. $15.0 million. The loan is repayable in Trinidad dollars and bears a fixed interest rate of 12.0%.
The following table provides a summary of the third party long-term loans entered into by the Company:
August 31,
2026		August 31,
2025
Loans entered into by the Company or its subsidiaries for which the Company or its subsidiary has entered into an interest rate swap with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants
$54,333 $56,355 
Unhedged loans entered into by the Company's subsidiaries with non-cash assets and/or cash or cash equivalents assigned as collateral and with/without established debt covenants(1)
113,212 130,242 
Total long-term debt167,545 186,597 
Less: current portion64,591 38,675 
Long-term debt, net of current portion$102,954 $147,922 
(1)Refer to Part II. "Item 7A. Quantitative and Qualitative Disclosures about Market Risk" for more information about the composition of fixed-interest-rate and variable-interest-rate loans.
As of August 31, 2026 and August 31, 2025, the Company had approximately $63.3 million and $78.1 million, respectively, of long-term loans in several foreign subsidiaries which require these entities to comply with certain annual or quarterly financial covenants, which include debt service and leverage ratios. The Company was in compliance with all covenants or amended covenants for both periods.
Annual maturities of long-term debt are as follows (in thousands):
Twelve Months Ended August 31,Amount
2027$64,591 
202834,937 
202923,263 
20304,667 
20313,072 
Thereafter37,015 
Total$167,545