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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Nov. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Carrying values of derivative instruments and non-derivative instruments
The table below provides data about the carrying values of derivative instruments and non-derivative instruments:
 
November 30, 2014
 
November 24, 2013
 
Assets
 
(Liabilities)
 
Derivative Net Carrying Value
 
Assets
 
(Liabilities)
 
Derivative Net Carrying Value
 
Carrying
Value
 
Carrying
Value
 
 
Carrying
Value
 
Carrying
Value
 
 
(Dollars in thousands)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Forward foreign exchange contracts
$
15,587

 
$
(5,076
)
 
$
10,511

 
$
11,145

 
$
(4,000
)
 
$
7,145

Forward foreign exchange contracts
1,833

 
(12,186
)
 
(10,353
)
 
880

 
(3,215
)
 
(2,335
)
Total
$
17,420

 
$
(17,262
)
 
 
 
$
12,025

 
$
(7,215
)
 
 
Non-derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
4.25% Yen-denominated Eurobonds due 2016
$

 
$
(10,195
)
 
 
 
$

 
$
(20,564
)
 
 
7.75% Euro senior notes due 2018

 

 
 
 

 
(404,430
)
 
 
Total
$

 
$
(10,195
)
 
 
 
$

 
$
(424,994
)
 
 

Gains and losses included in AOCI
The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as net investment hedges:
 
Gain or (Loss)
Recognized in AOCI
(Effective Portion)
 
Gain or (Loss) Recognized in Other
Income (Expense), net (Ineffective
Portion and Amount Excluded from
Effectiveness Testing)
 
As of
 
As of
 
Year Ended
November 30,
2014
November 24,
2013
November 30,
2014
 
November 24,
2013
 
November 25,
2012
 
(Dollars in thousands)
 
 
Forward foreign exchange contracts
$
4,637

 
$
4,637

 


 


 


4.25% Yen-denominated Eurobonds due 2016
(19,367
)
 
(21,161
)
 
$
3,767

 
$
3,839

 
$
3,474

7.75% Euro senior notes due 2018
(15,751
)
 
(27,361
)
 

 

 

Cumulative income taxes
8,760

 
17,186

 
 
 
 
 
 
Total
$
(21,721
)
 
$
(26,699
)
 
 
 
 
 
 
Gains and losses included in statements of income
The table below provides data about the amount of gains and losses related to derivatives not designated as hedging instruments included in “Other income (expense), net” in the Company’s consolidated statements of income:
 
Gain or (Loss)
 
Year Ended
 
November 30,
2014
 
November 24,
2013
 
November 25,
2012
 
(Dollars in thousands)
Forward foreign exchange contracts:
 
 
 
 
 
Realized
$
(6,184
)
 
$
(2,904
)
 
$
8,508

Unrealized
(4,920
)
 
2,365

 
(17,952
)
Total
$
(11,104
)
 
$
(539
)
 
$
(9,444
)