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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Nov. 27, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Carrying values of derivative instruments and non-derivative instruments
The table below presents the gross and net amounts of these contracts recognized on the Company's consolidated balance sheets by type of financial instrument:
 
November 27, 2016
 
November 29, 2015
 
Gross Amounts of Recognized Assets / (Liabilities)
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position
 
Gross Amounts of Recognized Assets / (Liabilities)
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets / (Liabilities) Presented in the Statement of Financial Position
 
 
 
 
 
 
(Dollars in thousands)
Over-the-counter forward foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
Financial assets
$
29,240

 
$
(8,374
)
 
$
20,866

 
$
30,837

 
$
(4,930
)
 
$
25,907

Financial liabilities
(10,365
)
 
8,374

 
(1,991
)
 
(7,599
)
 
4,930

 
(2,669
)
Total
 
 
 
 
$
18,875

 
 
 
 
 
$
23,238

Embedded derivative contracts
 
 
 
 
 
 
 
 
 
 
 
Financial assets
$
2,401

 
$
—

 
$
2,401

 
$
1,224

 
$
—

 
$
1,224

Financial liabilities
(3,542
)
 
—

 
(3,542
)
 
(5,140
)
 
—

 
(5,140
)
Total
 
 
 
 
$
(1,141
)
 
 
 
 
 
$
(3,916
)
The table below provides data about the carrying values of derivative instruments and non-derivative instruments:
 
November 27, 2016
 
November 29, 2015
 
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(1)
$
30,160

 
$
(6,893
)
 
$
23,267

 
$
31,808

 
$
(4,677
)
 
$
27,131

Forward foreign exchange contracts(2)
1,481

 
(7,014
)
 
(5,533
)
 
253

 
(8,062
)
 
(7,809
)
Total
$
31,641

 
$
(13,907
)
 
 
 
$
32,061

 
$
(12,739
)
 
 
Non-derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Yen-denominated Eurobonds
$
—

 
$
—

 
 
 
$
—

 
$
(7,832
)
 
 

_____________
(1)
Included in "Other current assets" or "Other non-current assets" on the Company’s consolidated balance sheets.
(2)
Included in "Other accrued liabilities" on the Company’s consolidated balance sheets.
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 included in "Accumulated other comprehensive loss" ("AOCI") on the Company’s consolidated balance sheets, and in "Other income (expense), net" in the Company’s consolidated statements of income:
 
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 27,
2016
November 29,
2015
November 27,
2016
 
November 29,
2015
 
November 30,
2014
 
(Dollars in thousands)
Forward foreign exchange contracts
$
4,637

 
$
4,637

 


 


 


Yen-denominated Eurobonds
(19,811
)
 
(18,982
)
 
$
2,627

 
$
965

 
$
3,767

Euro senior notes
(15,751
)
 
(15,751
)
 
—

 
—

 
—

Cumulative income taxes
12,168

 
11,849

 


 
 
 
 
Total
$
(18,757
)
 
$
(18,247
)
 
 
 
 
 
 
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:
 
 
 
Year Ended
 
November 27,
2016
 
November 29,
2015
 
November 30,
2014
 
(Dollars in thousands)
Forward foreign exchange contracts:
 
 
 
 
 
Realized
$
17,175

 
$
14,720

 
$
(6,184
)
Unrealized
(1,315
)
 
19,386

 
(4,920
)
Total
$
15,860

 
$
34,106

 
$
(11,104
)