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FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Aug. 31, 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 August 31, 2013
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Money market funds
 
$
329,428

 
$
329,428

 
$

Corporate bonds and commercial paper
 
52,851

 

 
52,851

U.S. Government debt and agency securities
 
4,504

 

 
4,504

Term deposits
 
521

 

 
521

Mortgage-backed securities
 
331

 

 
331

Foreign currency forward contracts
 
388

 

 
388

Liabilities:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
120

 
$

 
$
120

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 August 31, 2013 (in thousands):
 
 
 
Notional
Value Local  Currency
 
Notional
Value
USD
 
Fair Value
Gain (Loss)
USD
Forward contracts sold:
 
 
 
 
 
 
Australian dollar
 
10,400

 
$
9,254

 
$
55

Brazilian real
 
2,300

 
965

 
31

British pound
 
6,320

 
9,791

 
(8
)
Euro
 
27,100

 
35,813

 
231

Hong Kong dollar
 
4,100

 
529

 

Japanese yen
 
780,000

 
7,946

 
(14
)
Korean won
 
648,000

 
583

 
(9
)
Polish zloty
 
1,600

 
495

 
6

Singapore dollar
 
3,300

 
2,588

 
(1
)
South African rand
 
4,800

 
467

 
15

Swedish krona
 
8,000

 
1,207

 
19

New Taiwan dollar
 
31,000

 
1,035

 
1

Forward contracts bought:
 
 
 
 
 
 
Brazilian real
 
650

 
273

 
(9
)
Hong Kong dollar
 
8,500

 
1,096

 

South African rand
 
14,000

 
1,361

 
(47
)
Swedish krona
 
4,300

 
649

 
(9
)
 
 
 
 
 
 
$
261

 
 
 
Notional
Value Local  Currency
 
Notional
Value
EURO
 
Fair Value
Gain (Loss)
USD
Forward contracts bought:
 
 
 
 
 
 
United States dollar
 
1,300

 
984

 
7

 
 
 
 
 
 
$
7

Foreign Currency Forward Contracts Not Designated as Hedging Instruments
 
 
Derivatives not Designated
as Hedging Instruments
 
 
August 31,
2013
 
November 30,
2012
Foreign currency forward contracts, fair value included in:
 
 
 
 
Other Current Assets
 
$
388

 
$
101

Accrued Liabilities
 
120

 
130

Gain or (Loss) Recognized in Income on Derivatives
 
 
 
 
Amount of Gain or (Loss) Recognized
In Income on Derivative
 
 
 
 
Three Months Ended
August 31,
 
Nine Months Ended
August 31,
Derivatives not Designated as Hedging Instruments
 
Location
 
2013
 
2012
 
2013
 
2012
Foreign Currency Contracts
 
Other income/(exp.)
 
$
166

 
$
628

 
$
80

 
$
(1,167
)