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FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Feb. 28, 2014
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, 2014
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Money market funds
 
$
35,297

 
$
35,297

 
$

Corporate bonds and commercial paper
 
210,697

 

 
210,697

U.S. Government debt and agency securities
 
24,120

 

 
24,120

Term deposits
 
529

 

 
529

Mortgage-backed securities
 
314

 

 
314

Foreign currency forward contracts
 
97

 

 
97

Liabilities:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
831

 
$

 
$
831

As of November 30, 2013
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Money market funds
 
$
245,953

 
$
245,953

 
$

Corporate bonds and commercial paper
 
77,508

 

 
77,508

U.S. Government debt and agency securities
 
6,013

 

 
6,013

Term deposits
 
536

 

 
536

Mortgage-backed securities
 
321

 

 
321

Foreign currency forward contracts
 
625

 

 
625

Liabilities:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
547

 
$

 
$
547

Forward Contracts Outstanding
We had the following forward contracts outstanding as of February 28, 2014 (in thousands):
 
 
 
Notional
Value Local  Currency
 
Notional
Value
USD
 
Fair Value
Gain (Loss)
USD
Forward contracts sold:
 
 
 
 
 
 
Australian dollar
 
4,700

 
$
4,194

 
$
(72
)
British pound
 
5,700

 
9,553

 
(170
)
Canadian dollar
 
1,000

 
904

 
3

Euro
 
37,000

 
51,145

 
(492
)
Japanese yen
 
45,000

 
442

 

Korean won
 
427,000

 
400

 
(6
)
Polish zloty
 
1,100

 
365

 
(10
)
South African rand
 
13,000

 
1,208

 
(53
)
New Taiwan dollar
 
27,000

 
891

 
27

Forward contracts bought:
 
 
 
 
 
 
Indian rupee
 
135,000

 
2,181

 
44

Swedish krona
 
6,000

 
937

 
(5
)
 
 
 
 
 
 
$
(734
)
Foreign Currency Forward Contracts Not Designated as Hedging Instruments
 
 
Derivatives not Designated
as Hedging Instruments
 
 
February 28,
2014
 
November 30,
2013
Foreign currency forward contracts, fair value included in:
 
 
 
 
Other Current Assets
 
$
97

 
$
625

Accrued Liabilities
 
831

 
547

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
 
2014
 
2013
Foreign Currency Contracts
 
Other income/(exp.)
 
$
1,165

 
$
2,823