Notes to Consolidated Financial Statements 43 Franklin Covey 2000 Annual Report The weighted average interest rate on outstanding current line of credit debt at August 31, 2000 and 1999 was 8.6 percent and 7.8 percent, respectively. The weighted average interest rate on the long-term credit facility was 8.7 percent as of August 31, 2000. The line of credit agreements require the Company to maintain certain financial ratios and working capital levels. At August 31, 2000, the Company was in compli- ance with the terms of the line of credit agreements.  The Company’s line of credit agreements expire on December 1, 2001. Commitment fees associated with the lines of credit were $0.7 million during fiscal 2000. Long-term debt was comprised of the following (in thousands): AUGUST 31, Long-Term Debt AUGUST 31, As a result of restructuring and impaired asset charges, the Company was not in compliance with certain terms of the $85.0 million senior unsecured notes payable at August 31, 1999. The Company did not obtain a waiver on the terms of the debt covenants, and during October 1999, the Company retired the $85.0 million notes payable at par plus accrued interest. The Company utilized existing cash and its expanded long-term line of credit to retire the notes payable. Accordingly, the $85.0 million notes payable were reported as a component of the current portion of long-term debt in the accompanying fiscal 1999 consolidated balance sheet. Future maturities of long-term debt at August 31, 2000 were as follows (in thousands): YEAR ENDING AUGUST 31, 2000 1999 Note payable in annual installments  of $3,000 plus interest at 8%  through December 2001, unsecured $ 6,000 $0,0000 Note payable in quarterly installments  of $574 including interest at 5.0%  through April 2001, unsecured 1,679 3,822 Mortgage payable in monthly  installments of $18 including  interest at 8.5% through  August 2016, secured by real estate 1,619 1,697 Note payable on demand,  plus interest at 8.0%, unsecured 1,396 1,481 Mortgage payable in monthly  installments of $14 CDN, including  interest at 7.2% through January 2015,  secured by real estate 997 Note payable to bank, payable in  monthly installments of $20, including  interest at 7.8% through August 2004,  secured by equipment 802 976 Mortgage payable in monthly  installments of $8 including interest  at 9.9% through October 2014,  secured by real estate 688 710 Note payable to bank, payable in  monthly installments of $23, plus  interest at prime plus .5% payable  through September 2002, secured  by real estate 587 869 2000 1999 Senior unsecured notes payable with  interest at 6.6% due semi-annually,  paid in full $0,0000 $ 85,000 Note payable to a Japanese bank for  YEN 60,000, payable in quarterly  installments of YEN 20,000,  paid in full 548 Other mortgages and notes, payable  in monthly installments, interest  ranging from 2.0% to 8.8%, due at  various dates through 2002,  secured by equipment 230 531 13,998 95,634 Less current portion (6,873) (90,010) Long-term debt, less current portion $ 7,125 $ 5,624 2001 $ 6,873 2002 3,697 2003 419 2004 386 2005 209 Thereafter 2,414 $13,998