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FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Feb. 28, 2013
Fair Value Measurements And Derivative Instruments [Abstract]  
Fair Value Hierarchy of Cash Equivalents, Marketable Securities and Foreign Currency Contracts
The fair value hierarchy of our cash equivalents, short-term investments and foreign currency contracts is as follows (in thousands):
 
 
 
 
 
Fair Value Measurements at
Reporting Date using
Description
 
Total Fair
Value
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
other
Observable
Inputs
(Level 2)
As of February 28, 2013
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Money market funds
 
$
388,320

 
$
388,320

 
$

Corporate bonds and commercial paper
 
24,442

 

 
24,442

U.S. Government debt and agency securities
 
9,567

 

 
9,567

Term deposits
 
587

 

 
587

Mortgage-backed securities
 
229

 

 
229

Foreign currency forward contracts
 
4,254

 

 
4,254

Liabilities:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
879

 
$

 
$
879

As of November 30, 2012
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Money market funds
 
$
376,480

 
$
376,480

 
$

Corporate bonds and commercial paper
 
24,558

 

 
24,558

U.S. Government debt and agency securities
 
9,645

 

 
9,645

Term deposits
 
595

 

 
595

Mortgage-backed securities
 
208

 

 
208

Foreign currency forward contracts
 
101

 

 
101

Liabilities:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
130

 
$

 
$
130

Forward Contracts Outstanding
We had the following forward contracts outstanding as of February 28, 2013 (in thousands):
 
 
 
Notional
Value Local  Currency
 
Notional
Value
USD
 
Fair Value
Gain (Loss)
USD
Forward contracts sold:
 
 
 
 
 
 
Australian dollar
 
8,400

 
$
8,645

 
$
86

Brazilian real
 
3,000

 
1,505

 
(9
)
British pound
 
5,800

 
9,017

 
305

Canadian dollar
 
6,500

 
6,484

 
165

Euro
 
73,600

 
99,441

 
3,628

Japanese yen
 
223,000

 
2,391

 
7

Singapore dollar
 
1,800

 
1,454

 
3

South African rand
 
17,000

 
1,897

 
22

New Taiwan dollar
 
31,000

 
1,047

 
1

Forward contracts bought:
 
 
 
 
 
 
British pound
 
12,400

 
19,407

 
(780
)
Hong Kong dollar
 
12,000

 
1,548

 

Indian rupee
 
120,000

 
2,250

 
(50
)
Swiss franc
 
1,000

 
1,100

 
(40
)
 
 
 
 
 
 
$
3,338

 
 
 
Notional
Value Local  Currency
 
Notional
Value
EURO
 
Fair Value
Gain (Loss)
USD
Forward contracts bought:
 
 
 
 
 
 
United States dollar
 
1,000

 
740

 
$
37

Foreign Currency Forward Contracts Not Designated as Hedging Instruments
 
 
Derivatives not Designated
as Hedging Instruments
 
 
February 28,
2013
 
November 30,
2012
Foreign currency forward contracts, fair value included in:
 
 
 
 
Other Current Assets
 
$
4,254

 
$
101

Accrued Liabilities
 
879

 
130

Gain or (Loss) Recognized in Income on Derivatives
 
 
 
 
Amount of Gain or (Loss) Recognized
In Income on Derivative
 
 
 
 
Three Months Ended
February 28,
Derivatives not Designated as Hedging Instruments
 
Location
 
2013
 
2012
Foreign Currency Contracts
 
Other income/(exp.)
 
$
2,823

 
$
(1,358
)