Other Income (Expense), Net (Tables)

12 Months Ended

Nov. 26, 2017

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

The following table summarizes significant components of "Other income (expense), net":

	Year Ended
	November 26, 2017			November 27, 2016			November 29, 2015
	(Dollars in thousands)
Foreign exchange management gains (losses)(1)	$	(41,167	)	$	15,860		$	34,106
Foreign currency transaction (losses) gains(2)	7,853			(7,166		)	(64,161		)
Interest income	3,380			1,376			1,253
Investment income	629			976			697
Other(3)	2,313			7,177			2,672
Total other income (expense), net	$	(26,992	)	$	18,223		$	(25,433	)

_____________

(1) Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. Losses in 2017 were primarily due to unfavorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso, the Euro and the British Pound. Gains in 2016 and 2015 were primarily due to favorable currency fluctuations relative to negotiated contract rates on positions to sell the Mexican Peso.

(2) Foreign currency transaction gains and losses reflect the impact of foreign currency fluctuation on the Company's foreign currency denominated balances. Gains in 2017 were primarily due to the strengthening of the Mexican Peso and Euro against the US dollar. Losses in 2016 and 2015 were primarily due to the weakening of various currencies against the U.S. Dollar.

(3) Income in 2016 principally relates to business insurance recoveries.